Monthly Archives: December 2014
Showing articles 71 - 80 (152 total)
16Dec12:25 amEST
Late Night Strategy for Tuesday
SHW, seen on the daily chart below, illustrates that even the strongest issues in the market are hanging on for dear life. Note the highlighted rising channel price has enjoyed climbing of late, but recently struggled to maintain. I view a move back under $245 as representing a short trigger to play for a well-defined channel breakdown. I...
15Dec5:03 pmEST
Stock Market Recap 12/15/14 {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...
15Dec3:50 pmEST
Moving Through the Commodity Complex; Chess Moves
After selling above $25 to scale partial gains, my ultra-long gold position, DGP, has come cratering down today. With a small loss now, I sold the final piece of the position at $23.90 from my $24.12 entry. The loss is quite small. And considering I got out with wins in NUGT early last week and the first piece of DGP, I am pleased to have...
15Dec2:38 pmEST
Consumer Names Trashed at Your Discretion
In addition to consumer discretionary industries like the major casinos, LVS MGM WYNN, all getting trashed of late and sporting multi-user topping patterns confirmed, the major auto firms continue to deteriorate. After grinding, multi-week rallies, both Ford and GM are showing signs of rolling back over, all within the context of a broken...
15Dec1:26 pmEST
One Eye on the Red Army
While Russia crashes, via the RSX country ETF down more than 10% today after a prior steep downtrend, energy stocks in the XLE are valiantly trying to hold green. Catching the falling knife in Russia is tempting, via a RUSL play, but we are not there yet. Ideally, a gap down tomorrow would set up a more viable long in this situation. But, for...
15Dec12:01 pmEST
Let's Get Ready to Rumble This Afternoon
The close today on the Russell 2000 Index is going to be a critical one, perhaps are significant a daily close the Russell has had to contend with in quite some time. For a while now, that 1,150 area on the Russell has been providing support, converging with several key daily chart major moving averages. However, the small caps in the Russell...
15Dec10:55 amEST
Bounces Getting the Swipe Left Treatment
A moderate gap higher in the market has been soundly faded, with the major averages flashing back to nearly flat as I write this. When crude oil, as well as Russia in the RSX ETF, not to mention names like GPRO, cannot even muster an oversold bounce worth a dime it is likely indicative of a changing market climate. Indeed, this may be one of...
15Dec12:12 amEST
Late Night Strategy for Monday
Futures are pointing towards a bounce in the market. If that holds, SONC is a long idea on strength over $27.50. On the first daily chart, below, the fast food play has been in a potent uptrend for a while now, basing well above all major moving averages. But if the broad market bounce fails to hold and the selling resumes, then I still think...
14Dec3:04 pmEST
Weekend Market Film Session 12/14/14 {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 12/15/2014-12/19/2014. Trade Well. Protect your portfolio at all times. -chessNwine Direct Vimeo Link Click Here
14Dec11:30 amEST
Mark Douglas: Mind Over Market Interview
Here we have a good interview to watch on this Sunday morning with Mark Douglas, the accomplished, trader, mentor, and author.
FOLLOW chessNwine
MARKET CHESS SUBSCRIPTION SERVICES
Full-Length Video Recaps & Strategy Sessions
Private Twitter Feed Access
Custom Videos Tailored to You
chessNwine HAS BEEN SEEN ON
Top Pages
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.
