iBankCoin

Technical Analysis with chessNwine

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

Back-Rank Checkmate Potential

chessNwine Fri Oct 24, 2014 10:38am EST 4 Comments

3234-handpainted-modern-oil-painting-on-canvas-wall-art-picture-for-home-decor-font-b-unique

If crude oil loses the highlighted daily chart bear flag, below, I am considering DTO SCO inverse ETF’s to short black gold.

As you know, crude has been quite weak for some time and has failed to hold much of a bounce at all.

Against that backdrop, a washout is still a clear risk, especially with the USO ETF loses $30.

What are you trading this morning?

____________________________________________________

USO

Email this to someonePrint this page
If you enjoy the content at iBankCoin, please follow us on Twitter

4 comments

  1. danny1980
    danny1980
    October 24, 2014 at 10:48 am

    Eyeing LAKE what do you think

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  2. danny1980
    danny1980
    October 24, 2014 at 11:15 am

    Ok Thanks Chess

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  3. traderconfessions
    traderconfessions
    October 24, 2014 at 11:28 am

    RCPT and ALNY… Stalking ZOES short…

    • 0
    • 0
    • 0 Deem this to be "Fake News"

© Copyright 2007-2024 iBankCoin All rights reserved under penalty of bodily harm. DISCLAIMER: This is a personal web site, reflecting the opinions of its author(s). It is not a production of my employer, and it is unaffiliated with any FINRA broker/dealer. Statements on this site do not represent the views or policies of anyone other than myself. The information on this site is provided for discussion purposes only, and are not investing recommendations. Under no circumstances does this information represent a recommendation to buy or sell securities. DATA INFORMATION IS PROVIDED TO THE USERS "AS IS." NEITHER iBankCoin, NOR ITS AFFILIATES, NOR ANY THIRD PARTY DATA PROVIDER MAKE ANY EXPRESS OR IMPLIED WARRANTIES OF ANY KIND REGARDING THE DATA INFORMATION, INCLUDING, WITHOUT LIMITATION, ANY WARRANTY OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE OR USE. Privacy Policy