iBankCoin

Technical Analysis with chessNwine

chessNwine
Full-time stock trader. Follow me here and on 12631
Joined Apr 1, 2010
8,861 Blog Posts

A Check-Back Into Halloween

chessNwine Tue Oct 21, 2014 1:56pm EST 4 Comments

pictures_of_the_day_8

On the small cap ETF, this $110/$111 area is the first spot I am strongly considering a short now.

I want to see signs of rejection at this prior support area, in order for me to play for it converting into newfound resistance during this “check-back” by price to a key level.

If I see it, TZA is my vehicle of choice. If I do not, I would take a pass on the trade altogether.

__________________________________________________________________

IWM

Email this to someonePrint this page
If you enjoy the content at iBankCoin, please follow us on Twitter

4 comments

  1. Randomness
    Randomness
    October 21, 2014 at 2:07 pm

    I took tza this morning when it hit above the 110 area. Smaller than usual. So far its only pausing there and not rejecting yet. With 2 more pomos (and the end), a fed meeting, and an end of month reverse repo, I feel like the fed will try to go out with a bang. So will drop it pretty quickly if it goes against me.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  2. El Rhino
    El Rhino
    October 21, 2014 at 3:03 pm

    Any thoughts on ARO, BEBE, SODA?

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  3. El Rhino
    El Rhino
    October 21, 2014 at 3:32 pm

    QUICKIE!

    • 0
    • 0
    • 0 Deem this to be "Fake News"

© Copyright 2007-2024 iBankCoin All rights reserved under penalty of bodily harm. DISCLAIMER: This is a personal web site, reflecting the opinions of its author(s). It is not a production of my employer, and it is unaffiliated with any FINRA broker/dealer. Statements on this site do not represent the views or policies of anyone other than myself. The information on this site is provided for discussion purposes only, and are not investing recommendations. Under no circumstances does this information represent a recommendation to buy or sell securities. DATA INFORMATION IS PROVIDED TO THE USERS "AS IS." NEITHER iBankCoin, NOR ITS AFFILIATES, NOR ANY THIRD PARTY DATA PROVIDER MAKE ANY EXPRESS OR IMPLIED WARRANTIES OF ANY KIND REGARDING THE DATA INFORMATION, INCLUDING, WITHOUT LIMITATION, ANY WARRANTY OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE OR USE. Privacy Policy