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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

Tying Up Loose Ends

chessNwine Mon Jul 7, 2014 11:20am EST 2 Comments

goodtommymoeder

To follow-up on some 12631 trades I referenced on this blog previously, I sold the final piece of my GTAT long for a loss into this bloody downgrade after taking profits on the first half of the position last week. It is a vicious gap down and longer-term may be a false breakout. Either way, the chart needs time to heal so I am out.

I also locked in the final piece of my SWC win on the long side.

Note the airline weakness again this morning, namely DAL.

What are you trading out there?

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2 comments

  1. bear54
    bear54
    July 7, 2014 at 11:40 am

    Chess
    Do you see weakness in the chemicals? DOW , DD etc

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