Monthly Archives: November 2014
Showing articles 51 - 60 (91 total)
19Nov3:38 pmEST
Shifting from Long Commodities to Short Equities
I tried to get as much meat off the bone as I could in the commodities trades of late, with nice wins in UGAZ and partially in NUGT. But I just got stopped on the last piece of NUGT for break-even. And I took a less than 2% loss in an day-trade of crude oil long today, as it was not strong enough to carry overnight. And I also sold my AGQ...
19Nov2:58 pmEST
Time to Bully Dorks in Silicon Valley: Chess Moves
I added to my Facebook short position here at $73.62, bringing it up to a 6% trading portfolio position now. Back on Monday, I entered the trade at $74.09 in this blog post . Social media stocks have been relatively weak of late. I am pressing for further weakness. The thesis of the trade also centers around the idea that the more times...
19Nov2:00 pmEST
Locked in a Big Winner: Chess Moves
Considering I took the trade on Monday, the UGAZ win is a nice one, after scaling some profits yesterday. Earlier on Stocktwits , I posted the following message of my sale: Sold remaining 2% portfolio position in $UGAZ long @ $17.77 from $15.28 entry noted in this blog post . I also want to thank those of you who reach out to me on social...
19Nov12:45 pmEST
Fleshing Out Some Recent Chess Moves
We have the Fed Minutes coming up later this afternoon after 2pm EST and may very well see the market coast into them before an end-of-day move. In the meantime, let's examine the UGAZ and NUGT trades. I am in UGAZ from $15.28, noted on this blog. Natty gas is ripping hard today, and I still may take some gains here for the sake of taking 'em...
19Nov11:05 amEST
Lots of Prey Within Sight
Quite a few of my holdings are making big moves this morning. So, let's update that. UGAZ is acting great, with natty sprinting much higher. This one represents a big winner for me now from my $15.28 entry. I am considering taking gains today. Gold miners are getting hit today, as is my NUGT position. But, I got a good entry on it at $14.15....
19Nov12:08 amEST
Late Night Strategy for Wednesday
Kona Grill has been one of these smaller causal dining plays I have updated periodically due to the steadily bullish action. On the updated daily chart, below, note the impressive high/tight base consolidation breakout on Tuesday. As long as $23.30 now holds on pullbacks I view this one as an under-the-radar gem, perhaps a takeover target by...
18Nov3:29 pmEST
You've Got a Winner in Town
Pursuant to the ongoing discussion here about the improved action and roadmap for the precious metals miners, the price action in the gold and silver mining complex was quite impressive indeed. I remain long NUGT. See you after the bell for my video market recap.
18Nov2:46 pmEST
Burger King Grabbing More Than Its Fair Share
Burger King (BKW) has been a long idea I have reference over the past week or so. The King seems to be distinguishing itself from peers MCD YUM, certainly from a technical perspective. On the daily chart, below, note the sound technical basing pattern above all major moving averages. If the strength today is the beginning of a breakout, then a...
18Nov1:05 pmEST
Defeated By General Winter
As we zoom closer to winter, natural gas bears are still up against it with the recent strength in the commodity. I went long UGAZ, the triple-levered long natural gas ETF, yesterday at $15.28, amounting to 4% of my trading portfolio capital. I then sold half of that position at $16.44 to lock in partial gains into a nice rip, timestamped...
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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.
