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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

Spilling Over

chessNwine Wed Oct 1, 2014 1:17pm EST 5 Comments

The selling pressure seen this morning is spilling over into the afternoon portion of trading, as the potential hammer reversal in the small caps looks to be null and void.

I have no interest in bottom-fishing equities here, though I am testing out a long gold miner position in that hated asset class which is badly beaten-down.

The Ebola plays, namely APT LAKE TKMR, are holding gains well today, trading in their own world as I suspected might happen.

And coffee is leading the softs higher, with wheat and corn staging upside reversals today.

Four afternoon short ideas: AMZN NFLX PCLN SBUX.

https://www.youtube.com/watch?v=DdR_GyUPjz4

 

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5 comments

  1. JPMorgains
    JPMorgains
    October 1, 2014 at 1:20 pm

    SRPT taking out the day’s highs right now as well. #ebola

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  2. Randomness
    Randomness
    October 1, 2014 at 1:20 pm

    I suspect the gold miner position to do well in that tomorrow the ECB will announce their inaction which will in turn cause an upswing in EUR…..etc.

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  3. doom and gloom
    doom and gloom
    October 1, 2014 at 1:24 pm

    Deep out of the money SPY puts expiring Oct. 10.

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  4. Billy Cutting
    Billy Cutting
    October 1, 2014 at 1:36 pm

    you pull the trigger on BWLD this morning? I missed it..eyeing NOW, LNG, VEEZ as shorts

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