Posts tagged Chart
Chart of the day, pick of the day, UltraShort S&P500 ProShares (SDS)
Oct 30th
SDS is once again testing its recent range low, as such, I am reccomending it as a BUY with a sell order waiting for it at 108.49
I will also restate that it is my belief that the market is rangebound for the moment, as such, I am also reccomending taking some of the gains from your long positions and waiting for a better price to occur.
Remember, dont trade with what you cant afford to lose.
Airlines forming Moonite Chart pattern
Aug 6th
Typically bearish for the intraday- the moonite chart pattern has emerged in the charts of many of the airlines, the boston police have been called….
The airlines have suffered a dna shift and are now going down even when oil is, it may be time for a slight retracement and it coudl go over.
My suggestion would be a daytrade, dont wait overnight with these, and dont buy right at the open these stocks are notoriously dropping till about 10:30.
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