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Technical Analysis with chessNwine

chessNwine
Full-time stock trader. Follow me here and on 12631
Joined Apr 1, 2010
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Considering a Tyson’s Punch Out

chessNwine Thu Mar 27, 2014 3:13pm EST 4 Comments

tyson610

Given the afternoon rally in corn and the soft commodities, seen on the DBA ETF daily chart, first, below, a short Tyson Foods pair trade may be viable here.

On the second daily chart, note the very steep angle of ascent, dating several quarters. I view this move as unsustainable, at least at this rate. And rallying corn prices me be the excuse the market needs to sell.

Drop me your top final hour tickers.

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DBA

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TSN

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4 comments

  1. belzile
    belzile
    March 27, 2014 at 3:49 pm

    Wow man nice picture. The boss LEVEL!
    I like the reversal in Casinos and putting my money on MPEL.

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  2. bensteinsmoney
    bensteinsmoney
    March 27, 2014 at 3:54 pm

    Long DAG Short PPC works too

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  3. sodapopinski
    sodapopinski
    March 27, 2014 at 4:05 pm

    Nice caption photo!

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  4. mateo
    mateo
    March 27, 2014 at 4:18 pm

    Just sold EWZ (+11%).
    I did not care for the big sells in last five minutes, at resistance or breakout…
    Will hold ILF in long-term.

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