Monthly Archives: December 2014
Showing articles 111 - 120 (152 total)
08Dec3:58 pmEST
Going Long the Miners; Chess Moves
In addition to going long the yellow metal itself, which I discussed in my last blog post here , I am now long the gold miners. I placed 4% of my trading portfolio capital into a long NUGT position. NUGT is the triple-long senior gold miner ETF. Gold miners reversed higher this afternoon, following gold itself higher. And I am playing for...
08Dec2:10 pmEST
Kiss That Frog; Chess Moves
I just placed 4% of my trading portfolio capital into long DGP position, which is the ultra-long gold ETF. The yellow precious metal is still routinely mocked, as are gold bugs. But recent lows appear to be holding, and gold is outperforming the entire precious metals and miners complex. I entered the trade at $24.13 with a stop-loss below $22...
08Dec1:28 pmEST
Signs of Sweet Blood
For the time in several years, Tesla Motors is breaking and, apparently holding, below its 50-period weekly moving average, seen below. Tesla Motors is clearly a marquee, liquid leader in the tape. And this follow-through lower continues to be a concern, despite the strength in biotechs and financials. On a standalone basis, the breakdown in...
08Dec12:01 pmEST
Eating Habits Are a-Changin
After a powerful decade-long rally off the 2003 lows, McDonalds is still showing signs of succumbing to changing consumers' desires as well as a letdown from new management. On the monthly chart, below, I would view another move under $92 as likely setting in motion a breakdown from an extended topping process. Also note how similar MCD looks...
08Dec10:20 amEST
Biotech Tidal Waves on the Stormy Sea
The wildcard for a the broad market to levitate into year-end continues to be if we see biotechnology sector stage a melt-up higher. This morning, we are seeing just that, with the IBB sector ETF up nearly 2% even as other damage is seen in the market. There is no telling how long a "blow-off" can last, so it is usually best to nimbly play...
07Dec1:44 pmEST
Weekend Market Film Session 12/07/14 {Video}
The following video contains coverage of the broad market, as well as tons of actionable trading ideas for equities and other markets regarding the coming week of 12/08/2014-12/12/2014. Trade Well. Protect your portfolio at all times. -chessNwine Direct Vimeo Link Click Here
07Dec11:05 amEST
Pearl Harbor: The Untold Story
The Attack On Pearl Harbor, 73 Years Ago Today. Pearl Harbor - The Untold Story (History Channel Documentary), via YouTube
06Dec3:00 pmEST
Saturday Night at Market Chess Cinemas
Both The Fugitive (1993) and In the Line of Fire (1993) were released in the summer of 1993 as Hollywood summer blockbusters. While the former garnered plenty of critical acclaim and fans, I view the latter as the better film. Clint Eastwood stars as the gruff, old-timer Secret Service agent Frank Horrigan. Horrigan worked for JFK and is...
06Dec12:27 pmEST
Close, But Not Quite Time for Santa to Light Up
The seasonal "Santa Claus Rally" in the stock market is a phrase you will hear quite a bit of in the coming weeks, if you have not already. According to Sentimentrader, via @ukarlewitz on Twitter, however, the coming week in the market has less-than-bullish seasonality, seen on the graph below. Trying to trade seasonality is always a...
06Dec12:09 amEST
How Much Does the Stock Market Move During the Day?
Very cool video courtesy of @nanexllc on Twitter. X-Axis is hour of day between 0 and 24 (midnight to midnight Eastern Time) Y-Axis is price change in percent from 1 hour ago. Each line shows how much the stock market moves (in percent) over the last hour during 1 trading day. The price of the active S&P 500 futures contract (the EMini) is used...
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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.
