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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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Signs Pointing Higher

chessNwine Mon Aug 25, 2014 10:23am EST 3 Comments

pictures_of_the_day_9

With the S&P 500 Index tagging 2,000 this morning, there is certainly a fair amount of optimism if not giddiness out there. I am seeing some good potential short squeezes, especially with the Labor Day holiday coming up.

In addition, we looked at the broker IBKR last Friday as a long setup, which is still the case if you observe the first chart, below.

And it is also worth noting that the major casinos continue to lag here, with MGM being just one example.

What are you trading this morning?

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IBKR

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MGM

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3 comments

  1. David
    David
    August 25, 2014 at 10:31 am

    BWLD..Might add to my position i took last week. Have to see what it does today.

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    • David
      David
      August 25, 2014 at 10:38 am

      Sold some YGE this morning for a nice profit. Don’t want to mess with earnings this week.

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  2. Montrose
    Montrose
    August 25, 2014 at 10:50 am

    TSEM looks interesting. May pick up a little.

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