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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

A Fortuitous Cover on My Cup of Mud

chessNwine Tue Sep 16, 2014 12:23pm EST 4 Comments

lol_20

Just before the market ramped over the last hour or so, I considerably lightened up my SBUX short (discussed on this blog several times) inside 12631.

I may very well add back to it, but with this ramp in front of the FOMC tomorrow I have to stay disciplined with all trades.

Here was my note to members:

Covered 1/2 of 3/4 $SBUX SHORT @ $74.93 from $77.29 core entry and $76.77 add to lock in some partial gains. 1/4 position left.

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4 comments

  1. blarggh
    blarggh
    September 16, 2014 at 12:47 pm

    Watch natty. Huge reversal today, and picking up steam now.

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  2. Billy Cutting
    Billy Cutting
    September 16, 2014 at 12:51 pm

    jam

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