18Nov12:26 amEST

Late Night Strategy for Tuesday

oA8HnfP I posted several charts on Stocktwits on Monday night. Among them, BTU us a long idea on further strength, seen on the first daily chart, below. This is a heavily-shorted coal play that is trying to form a bottom. Above the 50-day moving average (dark blue line), I expect the squeeze to commence. And CAB is a short idea, with the retail stock mired in a steep downtrend. If the highlighted bear wedge on the second daily chart, below, breaks lower yet I expect to see a wipeout down to at least recent lows. I am also looking for more strength in the precious metals and miners complex, as I am still long AGQ and NUGT. ____________________________________________________ BTU ____________________________________________________ CAB

Stock Market Recap 11/17/14 ... You Better Come to Play in T...

 
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