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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

Hanging Out for an Inside Day

chessNwine Fri Sep 26, 2014 10:22am EST 8 Comments

funny-panda-bear-hanging-tree

On many index and major sector/stock charts, we have the makings of an “inside day,” with price well within yesterday’s wide range.

I am not expecting much from today’s action, unless we see dip-buyers panic if we slide towards yesterday’s lows.

Leading issues such as AMZN NFLX PCLN TSLA remain uninspiring, though biotech winner GILD appears to be indomitable.

Three issues which have my interest on the long side if the market improves: FB PANW TWTR.

Overall, on inside days it is best to under-trade than overtrade.

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8 comments

  1. Billy Cutting
    Billy Cutting
    September 26, 2014 at 10:25 am

    Great song. Underrated band

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  2. UncleBuccs
    UncleBuccs
    September 26, 2014 at 10:39 am

    My decrepit contribution: http://youtu.be/OOWO–z1S8A

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  3. boyaj
    boyaj
    September 26, 2014 at 10:48 am

    Big fan of Bakken plays for over a year. Took a hit the past couple months, but took your advice on USO fund and went long in it yesterday. Looks to be breaking out.

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  4. nyjag
    nyjag
    September 26, 2014 at 10:57 am

    This just seemed obvious to me:
    http://www.youtube.com/watch?v=DohRa9lsx0Q

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