Daily Archives: April 4, 2024
Showing articles 1 - 8 (8 total)
17Dec4:58 pmEST
Stock Market Recap 12/17/14 {Video}
The following video contains coverage of relevant broad market issues (for equities) in addition to plenty of actionable trading ideas across other asset classes. Feel free to pick and choose which ideas and parts of the analysis fit your style. Always properly manage your downside portfolio risk for any trades taken. Enjoy tonight's...
17Dec3:48 pmEST
Off to Battle Again; Chess Moves
Into the bell, I went long TBT (the ultra-short Treasuries ETF) at $46.46, with a protective stop-loss below $45. This position represents 4% of my trading portfolio capital. More on this trade and equities in my video market recap after the bell. See you there.
17Dec3:07 pmEST
Guarding the Considerable Time Fortress
Markets are initially surging higher off the Fed's latest statement, as shorts into the meeting are getting squeezed quite violently. If we do see some a reprieve from the selling into Christmas, I still think Blue Nile can outperform, seen bouncing back nicely on the daily chart, below. $37 remains the trigger above, but the low float/short...
17Dec2:03 pmEST
Perspective Before the Ride Begins
In front of the FOMC announcement, member forecasts, and Chair Yellen's presser, note the small caps in the Russell 2000 Index, seen the IWM ETF hourly chart below, are hovering right near the breakdown level (yellow arrows) of that diamond topping pattern (light blue lines) that we had previously observed. It is likely no coincidence that the...
17Dec12:51 pmEST
The Last Stand for Bond Bears
2014 has been a body bag type of year for bond bears pushing the envelope. I, myself, have been looking for a reason to make some big bets on the short side in the bond market, but ultimately stuck to my discipline of "no trigger, no trade" and took a pass on making the bold top-call. Still, I took some shots here and there, with a nice win...
17Dec12:16 pmEST
A Setup at the Cuban Cigar Store
With this political news out today, any stock with exposure (or at least apparent exposure) to Cuba is obviously worth researching. CUBA would be one such ticker, an investment fund up over 42% today. It is tough to chase that type of action for a swing trade, especially in the face of news-driven moves. But for a day-trade you typically want...
17Dec11:15 amEST
Cutting a Gourmet Loss; Chess Moves
No dice on the coffee long starter position I took the other day, with the JO ETN failing to hold recent lows. As a result, I closed out my position just above $31.30 from the $32.77 entry I posted the other day for a loss. I am honoring my stop-loss as the thesis for the trade is being proven wrong by the market with price losing Monday's...
17Dec12:30 amEST
Late Night Strategy for Wednesday
After a nice breakout to new all-time highs, I believe Wal-Mart could easily be setting up as a quick short. On the daily chart, below, note the blue lines indicating a tight range of late below the the 20-day simple moving average. On weakness, WMT is likely to breakdown further and at least test its 50-day moving average. A move over $85,...
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About
“chessNwine” has been a popular trader and financial blogger since 2009. His work has appeared in The Wall Street Journal Online Edition, Yahoo Finance, TheStreet.com, Josh Brown’s The Reformed Broker blog, AbnormalReturns.com, Barry Ritholtz’s The Big Picture blog, and the “Suggested” stream on Stocktwits.com.
