Late Night Strategy

Showing articles 21 - 24 (24 total)

25Nov12:16 amEST

Late Night Strategy for Tuesday

With casual dining/fast food plays hot on Monday, RRGB is still on my radar as a short squeeze/low float long idea on any further strength. The first daily chart, below, shows a tight price consolidation after the stock's sharp rally off the October lows. And on the short side, if the market experiences some weakness I would consider NetSuite...

24Nov12:03 amEST

Late Night Strategy for Monday

Major copper miner (with some gold exposure) Freeport-McMoran saw a nice gap higher on Friday from beaten-down conditions dating back to the stock's swoon, beginning in July. On the weekly timeframe, below, you can see the pair of bottoming "hammer" reversal candlesticks printed back in June 2013 as well as earlier this month. Freeport is...

21Nov12:47 amEST

Late Night Strategy for Friday

ACHN is back on watch as a long idea to squeeze shorts in the biotech space. As you can see on the daily chart, below, the stock is forming a tight consolidation pattern (light blue lines) within the context of an overall uptrend. I am looking at a move over $13.60 to set the squeeze/breakout in motion. On the short side, keep an eye on major...

20Nov12:58 amEST

Late Night Strategy for Thursday

With the weak reaction to the Fed Minutes on Wednesday, I am now interested again in shorting bonds. Looking at the TLT ETF for Treasuries, below on the daily timeframe, I am going to likely play inverse ETF's TBT and/or TMV if TLT loses $118 below--You can see the well-defined base for a potential breakdown with more selling. I would also...

   1 | 2
 
BackToTop
 

This website is intended for educational purposes only. | © 2022 MarketChess.com | All Rights Reserved | Website design by Saco Design | Superpowered by Site Avenger

mobile site | full site