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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

Late Night Strategy for Thursday

chessNwine Thu Sep 18, 2014 12:06am EST 8 Comments

flat,550x550,075,f.u1

With lethargic price action so far this week in marquee leaders such as AMZN CMG NFLX TSLA, all eyes are sure to be focused on the looming BABA IPO.

With this in mind, keep an eye on CMGE, China Mobile Games, to see if the highlighted bull consolation on the daily chart, below, continues to resolve higher. That would offer up a long momentum trading opportunity into the big IPO out of China.

And on the short side, General Motors is still on the radar for weakness.

Drop me your top tickers overnight.

__________________________________________________________

CMGE

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8 comments

  1. operator1
    operator1
    September 18, 2014 at 12:13 am

    Love that CMGE. Nice. I’m looking at MTZ

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  2. operator1
    operator1
    September 18, 2014 at 12:15 am

    Chess. What are your thoughts on LOCO man? You got something here? My bias is long.

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  3. marketmaker101
    marketmaker101
    September 18, 2014 at 12:21 am

    Hi Chess,

    Any thoughts on FSLR?
    Thanks!

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  4. bensteinsmoney
    bensteinsmoney
    September 18, 2014 at 12:40 am

    TIVO, ACAT & DSX

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  5. Vadim
    Vadim
    September 18, 2014 at 3:37 am

    Mobi is on the move

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  6. gharo34
    gharo34
    September 18, 2014 at 3:57 am

    W/L

    SHORT GLD, IYR

    LONG: MMM, ABT, AMRI, CME, CMA, CSX, DISH, GLNG, KSU, KEY, PNC, PTCT, STI, USB, VDSI, WLDN

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