Daily Archives: May 5, 2026

Showing articles 1 - 7 (7 total)

02Feb4:58 pmEST

Stock Market Recap 02/02/15 {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...

Read More

02Feb3:15 pmEST

Trimming Some Fast Gains; Chess Moves

For the sake of discipline in this volatile market, I just sold a piece of NUGT long up here at $19.53 from my posted $18.46 entry earlier today here , to lock in some initial, fast gains. I still, however, have my core position on with a stop-loss below $17.20. Precious metals and especially miners are having a solid day, overall. But more...

Read More

02Feb2:44 pmEST

Afternoon Trading Wisdom from Paul Tudor Jones

Here is some fascinating wisdom from a legendary trader, which runs contrary to many trading systems and philosophies. My take-There is a ton of merit to what Paul Tudor Jones is saying, provided that you maintain stop-loss discipline along the way to catching said top or bottom. Hat Tip to @z8angela on my Twitter stream for posting this .

Read More

02Feb1:55 pmEST

Changing Weather Patterns

While shorting biotechnology stocks has been a tricky, tough, even dangerous endeavor for a while now, the weakness in AMGN today is a sign of a change in character. On the daily chart, below, note AMGN breaking below the highlighted descending channel pattern. True, BIIB GILD, even CELG have been resilient. But the sector has been churning of...

Read More

02Feb12:07 pmEST

An Attractive Point of Attack; Chess Moves

I went long NUGT again, the triple-long ETF for for the senior gold miners, at $18.46 with a protective stop-loss below $17.20. This position represents roughly 4% of my trading portfolio capital. I have played the gold miners numerous times this year with good results. But, of course, each trade is going to need to stand on its own merits. It...

Read More

02Feb11:22 amEST

Slow Morning Bounce

After some opening strength which was faded into red, buyers are staging a methodical bounce-back as I write this. The SPY, ETF for the S&P 500 Index, seen on the 30-minute timeframe below, has morphed into a larger sideways pattern, denoted by he light blue lines. Buyers brought price right back up to that $200 area, which is likely going to...

Read More

02Feb10:31 amEST

The Dog Days of Winter; Chess Moves

Charles Barkley once referred to early-February as being the "dog days" of the NBA regular season, meaning that the NBA season had already been in progress for several months, but the end of the season was still too far away to be considered close. In the stock market, February is typically a cold months for prices, in addition to the weather...

Read More

 
BackToTop
 

This website is intended for educational purposes only. | © 2026 MarketChess.com | All Rights Reserved | Website design by Saco Design | Superpowered by Site Avenger

mobile site | full site