“Traders Only” Chess Links

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Plenty of excellent sites out there include more macro commentary in their links, namely Downtown Josh Brown and Abnormal Returns. I thought I’d share a “Traders Only” collection. Here are the traders that I am reading today (click on links):

• “The Goat,” @gtotoy, on the importance of 1338 on the S&P 500
• @zortrades continues to front run IBD!
• @wwwstockrake with a portfolio update and a look at gold
• @harmongreg on how to choose between CVS and WAG
• @daytrend, Vic’s intraday market stats

There are plenty of other key sources that I check everyday, so be sure to look on the right hand side of your screen for my Blogroll.

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In Woodshedder’s latest recent post, he expounded on his trademark “Honey Hole” thesis. In that light, I am going to humbly offer another candidate to be part of the inventory in our new joint venture: “Honey Hole Outfitters” (see pic above of the grand opening).

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Plenty of excellent sites out there include more macro commentary in their links, namely Downtown Josh Brown and Abnormal Returns. I thought I’d share a “Traders Only” collection. Here are the traders that I am reading today (click on links):

• “The Goat,” @gtotoy, with his famous daily $SPY read
• @zortrades and @HowardLindzon with a great “Momentum Monday” show on Stocktwits TV
• @TraderMarket247 with another nice set of actionable setups
• @mb_willoughby has all of the small cap action plays to watch
• @DerekHernquist with another great piece on trading philosophy
• @daytrend, Vic’s intraday market stats
• @vjland with an updated look at AIG

There are plenty of other key sources that I check everyday, so be sure to look on the right hand side of your screen for my Blogroll.

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To update my ongoing series about the Shanghai Composite and the noted China bears (Chanos, Hugh Hendry, etc.), here we have an updated daily chart of the Shanghai. The inverted head and shoulders bottom from last summer was confirmed and even went beyond the measured move higher, before pulling back since November. Essentially, this pullback amounted to a retest/gap fill down to the neckline of that head and shoulders pattern.

As we can see now, the retest looks to have held. In other words, those China bears pining for a deflationary collapse are going to have to bide their time for the foreseeable future, as the presumption is that the uptrend will now resume, especially if the bulls can recapture and hold 2,950.

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[youtube:http://www.youtube.com/watch?v=g10kNyuLuF4 550 412]