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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

Stock #Market Recap 07/01/14 {Video}

chessNwine Tue Jul 1, 2014 4:48pm EST 9 Comments

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Enjoy tonight’s video, and enjoy your evening. 

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9 comments

  1. Andrew
    Andrew
    July 1, 2014 at 5:10 pm

    Hi there,

    Good video. For momentum strategies what do you do when the market corrects? Do you play the short side or sit on hands?

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    • chessNwine
      chessNwine
      July 1, 2014 at 5:28 pm

      Hi Andrew,

      Thank you.

      During more established market downtrends I seek out aggressive short opportunities. In bull market corrections I tend to be heavy cash with select and careful shorts.

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      • Andrew
        Andrew
        July 1, 2014 at 6:35 pm

        Your market timing has been pretty spot on for that. How do you identify bull market corrections?

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        • chessNwine
          chessNwine
          July 1, 2014 at 8:05 pm

          The recent one was trickier than most because the Russell & Nazzy corrected to the 200-day but S&P and Dow did not. Usually, a bull market correction sees the major averages correct to the 200-day m.a. where they are bought.

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  2. Steven
    Steven
    July 1, 2014 at 10:28 pm

    Awesome recap and analysis. As a 22 year old rookie trader, I’m really glad I found your breakdowns. Thanks

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  3. velth
    velth
    July 2, 2014 at 1:19 am

    Long also GTAT, with a price target of 23. Will take a little off around 21…at least that’s the plan. Will have to adapt if it doesn’t cooperate.

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