by Serge Berger | May 2, 2011 | Uncategorized
The day started with exuberance and joy from the news about BinLadin's death and ended up selling off. Silver got hammered to the tune of 9ish% and major U.S. equity indices sold off roughly 1/5th of a percent each…except the NDX, whch stayed flat. For...
by Serge Berger | Apr 18, 2011 | Uncategorized
CHK is following-through to the downside after falling out of a consolidation wedge last week Tuesday (April 12) (read herehttp://steadytrader.wpengine.com/chesapeake-energy-chk-failing-at-important-levels/). We discussed price targets in the morning newsletter...
by Serge Berger | Apr 13, 2011 | Uncategorized
After yesterday's sell-off in CHK I initiated a short position, as discussed here: http://steadytrader.wpengine.com/chesapeake-energy-chk-failing-at-important-levels/ Today the energy sector is getting a bid (XLE is up 0.90%) and CHK is playing along, up...
by Serge Berger | Apr 12, 2011 | Uncategorized
Yesterday I scribbled about the nice consolidation phase in CHK and how above $34.60 I could be a buyer for a bucket 2 trade, see here http://steadytrader.wpengine.com/chesapeake-energy-chk-attractive-above-34-60/ Today's price action is entirely different...
by Serge Berger | Apr 11, 2011 | Uncategorized
See the narrowing trading range and how nicely the stock held above the 50 dma. Fundamentally as a growth story and alternative energy play I like the name as well. Arguably the stock has gone quite parabolical lately but the consolidation phase since late...
