Monthly Archives: November 2014
Showing articles 81 - 90 (91 total)
13Nov3:17 pmEST
Pin Action Ideas off Weak Oil
With oil continuing its plunge, keep an eye on oil-senisitve stocks such as Flowserve, seen on the daily chart, below. Aggressive traders seeking out short plays can position for downside here with a stop over $67.50. The daily chart suggest a bearish consolidation now breaking down with oil. Also keep an eye on FLR FWLT JEC for similar...
13Nov1:34 pmEST
Looking at the Small Caps Through This Lens
We have an interesting short-term development in the small caps today. The little guys have been impressive of late, especially into the bell yesterday. And yet, as you can see on the 30-minute chart, below, the move over $117.40 (horizontal light blue line) has been sold with price now back below that breakout point. In the current bull...
13Nov12:24 pmEST
Junk Food for Thought
The high yield corporate paper and junk bond ETF's, below on their respective daily timeframes, continue to diverge from equities with respect to the major averages making fresh highs while these ETF's straggle after a rally off the October lows. This is not enough evidence to declare a market top. But it does add credence to the notion that...
13Nov9:22 amEST
Do You Have Last Stock Standing Mentality?
Do you have last stock standing mentality? Do you feel that there is only one stock for you to trade? There are plenty of stocks out here for you to trade. Wake up!
13Nov2:08 amEST
Debating Two Chess Moves Into Tomorrow
Headed into Thursday morning's open, two commodity longs I am considering taking are premier silver miner, Silver Wheaton, and the WEAT fund for the wheat commodity. SLW reported earnings this morning, and the first daily chart below shows the stock "gnawing away" at its declining 20-day moving average (and outperforming other miners today,...
13Nov1:10 amEST
Condescending Music Snobs Are Coming to Thanksgiving Dinner
As a follow-up to my last post on NILE and potential retail laggards catching a bid into Black Friday in two weeks, also note Skullcandy with a comparable chart. On the daily chart, below, note the stock breaking out from a potential base bottom formation. The strength today is quite impressive on a relative and absolute basis. Daily chart...
13Nov12:11 amEST
Late Night Strategy for Thursday
On the long side, keep an eye on Zendesk, seen on the first daily chart, below. As we know, many of the recent IPO's have been a hot pocket for momentum traders. If ZEN makes another push up towards $28 on the back of Wednesday's strength it becomes an enticing, quick momentum long. And on the short side, HES and many large energy firms...
12Nov11:31 pmEST
I Like the View of This Blue Nile
With the holidays rapidly approaching, if we do see a benign close to 2014 in the broad market then I expect select short squeeze plays in the retail space to work well. Blue Nile is pretty much the poster child for this thesis, given that it is a heavily-shorted, perennial laggard as an online jeweler. I view a move over $37.15 as an upside...
12Nov8:21 pmEST
Here is the Difference Between a Winner and a Loser
When things go well in life or in competitive events, it is quite easy to be upbeat and maintain a sound approach in your attitude and technique. It is, of course, usually when things go poorly that you start to see the difference between winners and losers. Case in point--Have you ever seen a football game where one team had a winning record...
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“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.
