Monthly Archives: December 2014

Showing articles 41 - 50 (153 total)

21Dec3:01 pmEST

Weekend Market Film Session 12/21/14 {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 12/22/2014-12/26/2014. Trade Well. Protect your portfolio at all times. -chessNwine Direct Vimeo Link Click Here

21Dec11:48 amEST

Coke's Chart a Messenger of Looming Knockout

After an impressive and steady nearly six-year uptrend, Coca-Cola's stock chart is now displaying classic warning signs of an imminent top. On the daily chart, below, note the loose and sloppy price swings in recent months. This type of action indicates a loud disagreement taking place between buyers and sellers, otherwise known as "violent...

20Dec2:39 pmEST

Saturday Night at Market Chess Cinemas

I consider L.A. Confidential (1997) to be one of the best films from the 1990's. Based on the James Ellroy novel, and set in steamy, noir-ish 1950s Los Angeles, the film focuses on three main scheming, gritty policemen tracking several murders with some shady connections to the police department. The all-star cast features Kevin Spacey,...

20Dec2:10 pmEST

Steve Nison on Candlesticks

A good Saturday educational video from one of the legends of candlestick technical analysis. 

19Dec3:51 pmEST

They're Not Giving Up on the V

Another V-shaped rally back to recent highs on the S&P 500 Index, seen below on the daily chart, leaves many market players in an interesting spot as we head into the final two holiday-shortened weeks of 2014. I did not do too much swing trading this week, not only due to the overnight gaps and wild price moves in both directions but also...

19Dec3:05 pmEST

Capable of a Monstrous Squeeze Attack

I still view IMAX as an explosive short squeeze candidate to the upside, especially as we head into the big Hollywood Christmas film releases. The stock remains very heavily-shorted. And observing the technicals on the daily chart, below, if the $28.70 area below can now hold as newfound support the thesis has a chance to work. In addition,...

19Dec2:21 pmEST

Starbucks Looking to Keep Its Brand Intact

SBUX is a critical chart in the market headed into next week, insofar as whether this breakout holds in a routine check-back on the weekly chart, first below. A move back under $78 would set up a potential "bull trap," or false breakout. At a minimum, it would yield a squishy chart like we have seen from the financials of late. Also note, as...

19Dec12:30 pmEST

Looking at Other Ground for a Sniper Short

& CP may be a candidate for me to rotate my UNP short money into, with the mega rail struggling today. On the daily chart, below, note the wedge up to the breakdown level of the diamond pattern. A rollover now below $185 would likely set up a trigger. I am still in the UNP short, with my cover-stop over $124.

19Dec10:51 amEST

Opening Up This Can of Crude

With well-defined lows in place at $20.53 on the USO ETF, crude oil is now making a case for a temporary bottom, seen on the 30-minute timeframe, below. To be sure, $20.53 represents a logical stop-loss zone for longs here, in the event some headlines come out over the weekend driving the oil price lower. But the initial, scary plunge earlier...

19Dec12:34 amEST

Late Night Strategy for Friday

On the latest push lower in the precious metals miners this month, the junior gold miners in the GDXJ ETF (daily chart, below) actually lagged the senior miners in the GDX ETF. Typically, that is a bearish sign of "risk off" in the complex, with the presumption of another leg lower in the space imminent. However, precious metals miners have...

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