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Technical Analysis with chessNwine

chessNwine
Full-time stock trader. Follow me here and on 12631
Joined Apr 1, 2010
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In the Wake of LOCO

chessNwine Fri Nov 7, 2014 10:20am EST 4 Comments

pHdyhVk

LOCO reversed lower from its earnings pop yesterday, while biotechs are under some more heat due to, in part, to SLXP.

I remain short biotechs via BIS, and may add today.

Check out the intraday chart, below. looking heavy.

What are you trading this morning?

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IBB

 

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4 comments

  1. t.c.
    t.c.
    November 7, 2014 at 10:55 am

    Bot $WFM for a swinger this am.

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  2. t.c.
    t.c.
    November 7, 2014 at 10:58 am

    Looking for ideas in tech. Need some tech.

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  3. kevin
    kevin
    November 7, 2014 at 11:02 am

    What is the target for Biotech short?

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  4. Greg
    Greg
    November 7, 2014 at 1:10 pm

    well, if this is the LOCO Lounge, some buyers stepped in for lunch. We’ll see how it digests..

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