Starbucks has quietly been weak on a relative basis again. The stock was notably weak earlier this year before rallying back this summer. On the updated daily chart, though, note the potential for a breakdown.
With this in mind, JO is back on watch for strength, as per the inverse relationship we played at the beginning of 2014 quite well.
More on this later. For now, watch Starbucks as a short below $76.
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Mr. White??
Mr. Wolf!
Chess
Airlines looking strong now?
Not to my eye. A shortable bounce here if we see any signs of weakness now.
Thanks Chess. Took the plunge into SBUX, will let you know how it worked out
Suggest tight cover stop over $78.50.
sure Chess, Thanks
Chess – I don’t know if you realized it or not, but you had lots of us fooled with your age. This is in large part due to your wisdom and discipline in trading the markets. The other part is probably just the name chessnwine, which to me, makes me think refined/distinguished…but older, just because chess is a forgotten game…now its all video games and tablets. And then some of the posts on recommended documentaries or movies, etc…had me thinking you were older. Funny how we characterize and pass judgment on people via the internet. Anyway, hope you had an awesome birthday and many more to come.
Thank you, yoshi. That’s very kind of you to say. I appreciate it.
chess did time in da penn and daats what niggas do
haha, had same expectations as yoshii.
+1 yoshii, I’m 9yrs older than Chess, but look up to him with respect and admiration as if he were MY uncle…. 😉
Unc, Respect
chart looks good cNw, thks. their coffees not my cup of tea. not drinkin dunkin anymore @ $2.20 for 14 oz! though mostly i’m home brewin’. cheers.
Nice