Monthly Archives: December 2014
Showing articles 121 - 130 (152 total)
05Dec3:42 pmEST
The Last Good Train Ride; Chess Moves
Headed into the weekend, I placed 4% of my trading portfolio capital into a short Union Pacific position, at $118.73, with a cover-stop over $124. I playing for the stock to at least hit $110, if not lower, before earnings in late-January 2015. I have shorted this multi-year winning mega rail a few times in recent quarters with mixed results....
05Dec1:46 pmEST
The Two Lane Rising Channel Highway
We have an interesting split in the market right now, with premier Nasdaq names like Tesla Motors sporting a clear weekly chart rising wedge breakdown, first below. TSLA's stock has been sluggish for a while now, and buyers may finally be throwing in the towel short-term as upside momentum has been set on fire. Meanwhile, financials are...
05Dec12:31 pmEST
Looking for the Old School Sexy
In Texas hold 'em poker, the term "sexy" is slang, used as a noun to describe the act of slow-playing a hand on "the river," or after all of the community cards have been dealt. Instead of betting your hand in one of the first positions to act, you instead "check" to your opponent(s) with the intention of raising once the action gets back...
05Dec11:06 amEST
Update on Two Market Chess-Style Ideas
YELP has been a consistent short setup I have charted in recent weeks. This is a textbook broken chart which needs technical and psychological help before having a chance to heal itself. Note how price is operating below major, declining moving averages. This morning, YELP appears to be breaking down from the highlighted descending triangle...
05Dec12:28 amEST
Late Night Strategy for Friday
Now that natural gas is back to being hated and very oversold, seen below its lower Bollinger Band on the UNG ETF daily chart below, I am considering a long UGAZ trade again if we see a gap lower on Friday morning. This would be a rare knife-catch for me. But I believe it may be worth the effort, with a firm stop-loss, given the sharp decline...
04Dec4:47 pmEST
Stock Market Recap 12/04/14 {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...
04Dec3:44 pmEST
Seeing the Short Side Line Up Well
I am seeing plenty of shorts setting up, including F GM, and of course major casinos like LVS MGM WYNN. In addition ERY remains at the top of my list. And TZA is on the radar to short the small caps. Simply put, I am still not seeing a good amount of actionable long ideas, beyond a few casual dining plays or mid-cap biotechs. I am flat here,...
04Dec2:53 pmEST
GoPro Heading Underwater
One "tell" that momentum in a bull market is running low is when we see the recent-IPOs begin to lose their luster. Names like LOCO MBLY have been good example of this phenomenon of late, even if DGLY is rallying with headlines. GPRO is another example of a hot recent-IPO which has been soft even as the market made it way back to the highs in...
04Dec1:31 pmEST
Someone Has to Win the Fight
Whenever you see a period of price consolidation, or compression, on a chart, it tends to indicate that some type of disagreement is taking place between buyers and sellers. As an example, we may see a series of lower highs, but also higher lows. And thus the disagreement. These disagreements can be of the quiet, mild variety, or they can be...
04Dec12:23 pmEST
Good Lieutenants, Bad Lieutenants
There are plenty of good cops out there, and of course a few bad apples like there are in every profession. A good way to avoid dealing with the bad cops? Try not to break the law. Either way, DGLY is hot again today; the police camera maker. On the 30-minute chart, first below, keep an eye out for a move over $19.50 to see if the breakout...
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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.
