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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

MoMo’s and Motorboats

chessNwine Mon Sep 8, 2014 11:25am EST 4 Comments

Momentum names such as GPRO LOCO MBLY, among others, are seeing some nice action this morning.

General Motors, however, is breaking down below $34 from the consolidation we have been stalking for a while. I still believe the chart is on the cusp of a major breakdown. In addition, also note the weakness in Ford this morning.

On the subject of motorboats, though, Norwegian is looking the strongest of the cruse lines. On the second chart, note the high and tight bull flag after the recent gap higher.

What are you trading this morning?

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GM

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NCLH

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4 comments

  1. blarggh
    blarggh
    September 8, 2014 at 11:35 am

    TSLA starting to look like a very tasty short.

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  2. traderconfessions
    traderconfessions
    September 8, 2014 at 11:39 am

    Watching GMCR for potential breakdown and KORS for long entry point.

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  3. Civilmetimebrs
    Civilmetimebrs
    September 8, 2014 at 12:50 pm

    DUK is has a nice trend to short.

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  4. Debra Lee
    Debra Lee
    September 8, 2014 at 1:01 pm

    You will cringe when reading this, but…I had an offer to buy $LOCO on Friday @ $34.77 that never got filled. I usually delete all unfilled trades daily, but it was filled this morning to bring me to 300 shares (about 1/2 position now. I love the food. I love the stock. LOCO CALIENTE! =^.^=

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