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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

Short More of Burnt Coffee in Condescending Barista Terms

chessNwine Wed Sep 3, 2014 3:34pm EST 4 Comments

Starbucks-Secret-Menu2

I went short more of the horrific, burnt drip coffee served at Starbucks just now at $76.77 adding to my core entry of $77.29.

With a declining 200-day moving average in my favor, I am pressing for an imminent breakdown, not unlike the one we caught in WYNN over the past week.

What are you trading this final hour?

Be sure to stick around after the bell for my video market recap.

https://www.youtube.com/watch?v=aOvyymFaFs4

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4 comments

  1. traderconfessions
    traderconfessions
    September 3, 2014 at 3:50 pm

    I’m scoping possible shorts… but going long COV with prudent stop. What’s your stop on the new short?

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  2. strikeback
    strikeback
    September 3, 2014 at 7:23 pm

    How much downside do you think is in $sbux future? Any carryover into $dnkn?

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