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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 Tuesday

chessNwine Tue Oct 21, 2014 12:00am EST 6 Comments

V0A6N3s

After a few days of bouncing, I have my eye on the mega cap semiconductor Intel as a short setup into Tuesday.

On the daily chart, below, note the bear flag pattern forming after the recent correction off the highs. I like this as a short on weakness.

I am also considering SOXS as a bearish ETF for the semis as a whole on weakness.

Drop me your top tickers overnight.

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INTC

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6 comments

  1. cmartin
    cmartin
    October 21, 2014 at 12:49 am

    Thoughts on BABA?

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  2. Clyde Frog
    Clyde Frog
    October 21, 2014 at 12:57 am

    Eye-balling a short on Wendy’s ($WEN) on a spike up to its 200 day SMA. Looking like it may reverse before getting there.

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  3. ironbird
    ironbird
    October 21, 2014 at 1:00 am

    Gold is breaking higher. The most hated trade is working. Brings back memories of a couple summers ago. When the teevee asked retards on some beach what would they rather own? AAPL or Gold or some figure of greenbacks. The peeps chose AAPL like seven out of ten. AAPL instantly slow motion crashed for months. Gold is as hated right here right now as AAPL was loved back then.

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  4. marcmonte
    marcmonte
    October 21, 2014 at 1:18 am

    WWE

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  5. marcmonte
    marcmonte
    October 21, 2014 at 1:21 am

    oh and LULU Thx!

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  6. marcmonte
    marcmonte
    October 21, 2014 at 1:30 am

    One more thing, (sorry). I thought you might like this blog. You’re TA is very similar.
    Have a great night and thanks for everything!

    http://crackedmarket.com/2014/10/another-sigh-of-relief/

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