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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

Some Reservations About This Move

chessNwine Tue Apr 29, 2014 10:35am EST 6 Comments

pictures_of_the_day_3

The small caps in the Russell 2000, seen on their 30-minute ETF chart below, are coming in a bit intraday as I write this.

I would still look for a move over $112.50 to make a higher low, which we have not yet seen. Until then, I am assuming a market still at risk of rolling over.

Also keep an eye on natural gas (UNG) over $26.70.

Overall, I am still looking be nimble and defensive.

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IWM

 

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6 comments

  1. Matanzas
    Matanzas
    April 29, 2014 at 10:45 am

    that looks like Anthony Bourdain

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    • chessNwine
      chessNwine
      April 29, 2014 at 10:47 am

      Indeed it is…See title of blog post, play off “No Reservations”

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      • Gary Kaultbaums 2nd Stripe Brown Belt
        Gary Kaultbaums 2nd Stripe Brown Belt
        April 29, 2014 at 11:37 am

        Mr. Bourdain throwing an awfully sloppy omaplata – kinda like this market. Broadly speaking its doing its job, but god is in the details – and the details look ugly.

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  2. michele
    michele
    April 29, 2014 at 10:53 am

    Interesting ! I remain bearish on IWM … although with 11+ mio shares in less than 1.5 hour.good fight between bearish and bullish

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  3. michele
    michele
    April 29, 2014 at 10:59 am

    and volumes drying up …?

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  4. The Real Muppet
    The Real Muppet
    April 29, 2014 at 11:16 am

    So cagey with the pictures and titles!

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