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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

Slip ‘N Slide Breakouts

chessNwine Tue Aug 19, 2014 11:26am EST 4 Comments

slipnslide

With weakness in leaders like NFLX PCLN TSLA today, I am seeing slippery breakout attempts by and large, such as last night’s JD long idea over $30.70.

GOOG is showing solid action, while CMG is still basing high and tight. UA had a nice open but gave it all up, while FB is working on a slow-motion breakout.

In commodity land, silver and crude oil are still unable to hold bids, while natural gas is working on a bounce off recent support. Watch to see how those guys close today.

As we speak, the small caps in the Russell are contending with their declining 50-day moving average.

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4 comments

  1. george vernasco
    george vernasco
    August 19, 2014 at 11:36 am

    Chess you have the best photp’s by far !!! lol lol

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  2. garyw1
    garyw1
    August 19, 2014 at 12:13 pm

    Chess, That’s your girl! I know it

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