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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 Song for Tonight’s Summer Campfire

chessNwine Tue Jul 15, 2014 2:49pm EST 5 Comments

KpbGhpv

One of the main takeaways from today’s session revolves around our recurring look at the small cap ETF’s 30-minute chart reveals a pennant breakdown today and subsequent secondary pennant, highlighted below.

A further breakdown from here likely sees me entering an index short here.

What are you trading into the bell?

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IWM

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5 comments

  1. Ron
    Ron
    July 15, 2014 at 2:53 pm

    UVXY here?

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    • chessNwine
      chessNwine
      July 15, 2014 at 2:53 pm

      Also on the radar. TVIX instead perhaps.

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      • Ron
        Ron
        July 15, 2014 at 3:02 pm

        I prefer UVXY because weekly options are available for cover if I need them. Premiums are high,which may indicate expectation of a pullback.

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  2. bruce keller
    bruce keller
    July 15, 2014 at 4:33 pm

    DBC most oversold in 3 years.

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  3. AAPL TO A TRILLION
    AAPL TO A TRILLION
    July 15, 2014 at 6:29 pm

    pair trade: short IWM, long AAPL until it is the first trillion dollar company.

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