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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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The Key to Robbing the Banks

chessNwine Mon Apr 28, 2014 11:51am EST 3 Comments

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Berkshire and Wells are two of the top three components in the XLF, sector ETF for the financials.

With many banks weak today on the back of the Bank of America news, I am looking for these two holdouts to crack in order for my financial sector short to start working well.

What are you trading this morning?

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BRKB

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WFC

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3 comments

  1. Jon
    Jon
    April 28, 2014 at 12:01 pm

    ALSN : Chees, I like this as a short. Failed placing last week at 30 means clear supply/forced sellers and a stop loss at 30.10. No short interest and no earnings report. Rough target of 27.50 give risk/rew of 7 to 1.

    More MnA news in pharma this am and BIS still goes up. Like it.

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  2. eagle
    eagle
    April 28, 2014 at 12:07 pm

    Sold Brk this morning . let it drop.

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  3. Jon
    Jon
    April 28, 2014 at 12:14 pm

    STAG : another broken placement. SS on a new low of day. Stop at today high, target 21.50. EPS on 5 May though. No short interest to speak of.

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