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Technical Analysis with chessNwine

chessNwine
Full-time stock trader. Follow me here and on 12631
Joined Apr 1, 2010
8,861 Blog Posts

Dip-Buyers From Yesterday Enjoy a Late-Afternoon Snack Today

chessNwine Thu Mar 13, 2014 3:22pm EST 8 Comments

funny-gif-mayo-googly-eyes

I scaled more of my TVIX long this afternoon, as I am working other bearish bets via short equity positions.

Overall, the market has trapped dip-buyers from yesterday and even from earlier today. A true change in character? To be sure, bears have plenty more work ahead of them to prove that.

But when we see charts like C COST LULU RL SBUX even names like V finally cracking a bit, it is tough to get too eager about buying dips, just yet.

More on my video market recap after the bell…

 

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8 comments

  1. zookini
    zookini
    March 13, 2014 at 3:30 pm

    SFM

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  2. qeinfinity
    qeinfinity
    March 13, 2014 at 3:46 pm

    Your picture needs to team up with http://www.youtube.com/watch?v=4WX58CZwyiU

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  3. chris
    chris
    March 13, 2014 at 4:27 pm

    Put on tvix myself to hedge, spy pullback will weigh on my beloved my gdx breakout, added to my long term investment there, bought jnug. Adjust stops, let it ride

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  4. bear54
    bear54
    March 13, 2014 at 5:02 pm

    Chess
    where do you find all these pics ? That gif is funny and true

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  5. gatorsun
    gatorsun
    March 13, 2014 at 7:45 pm

    WWAV holding strong…exciting youngster

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  6. gatorsun
    gatorsun
    March 13, 2014 at 7:55 pm

    Chess,,,view on BA? as a short?

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