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

Name That Chart

d-day-map

Hint this week: Recent IPO.

Try to guess:

  1. The ticker symbol of the chart;
  2. The sector in which the stock trades; and
  3. Whether or not you think the stock will move higher or lower throughout 2014 or will break lower.

Thank you to everyone who has been playing along.

Please click on chart to enlarge

[Members: My latest Weekly Strategy Session has been published]

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2014-06-08_1404

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Saturday Night at Chess Cinemas

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The Apostle (1997) is the consummate Robert Duvall vehicle, showcasing the legendary actor’s talents as writer, director, and lead.

Billy Bob Thornton, Farrah Fawcett, June Carter Cash, Miranda Richardson, Billy Joe Shave,r Todd Allen, Brother Paul Bagget, John Beasley, and even Walton Goggins (“Boyd Crowder: of TV’s Justified fame) all add flavor to this very solid film.

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See You on the Beach

Whenever the correction comes, I’ll see you on the beach. Until then, I am staying opportunistic with recent longs and looking inter-market at the likes of natty gas, all inside 12631.

On this D-Day Anniversary, it is worth remembering that even though a market may seem like a big challenge, there are plenty of more difficult things to endure in this world.

Have a great weekend.

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What’re You Gonna Do with All That Splunk Inside Your Trunk?

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Decent 15-minute chart consolidation for my Splunk long, seen below.

I have some profit cushion on the initial entry. Holding above $43 is the first step for bulls. And $43.30 appears to be the nut to crack above.

Elsewhere, beastly breakouts for FLR FWLT (engineering & construction firms with energy exposure). Keep an eye on FLS to follow suit.

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SPLK

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Slower Nights on the Las Vegas Strip

leaving-las-vegas

More suspicious and notable weakness front he major casinos, namely LVS MGM WYNN.

If the market truly is blowing off here, keep these names on the list as top short ideas into next week.

Note Sands working through a right shoulder of a potential major head and shoulders top, still.

Money may very well be “Leaving Las Vegas.”

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LVS

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