Monthly Archives: January 2015
Showing articles 1 - 10 (153 total)
31Jan11:58 amEST
Saturday Night at Market Chess Cinemas
As football season officially ends tomorrow night after the Super Bowl, I am going to recommend Everybody’s All American (1988), literally an all-American tale. I consider this one a classic, and it is easily my favorite football movie of all-time. Based on the novel by Frank Deford, Jessica Lange, Dennis Quaid, Timothy Hutton, and John...
31Jan10:43 amEST
Trading Interview with Mark Cook, Market Wizard
Here is a good educational piece for your Saturday morning.
30Jan3:44 pmEST
Diving Into Super Bowl Weekend; Chess Moves
With the expansion in price range and volatility in recent weeks, combined with the inability of the market to sustain a rally late this week, I have placed bearish bets into Super Bowl weekend. I went long TZA at $12.83 with a stop-loss below $12, betting on a major breakdown in the Russell 2000 Index next week. This is a triple-levered short...
30Jan2:57 pmEST
Revisiting the Oil Thesis; Chess Moves
I had success shorting major airlines earlier this year under the theory oil would stabilize soon and impact them negatively. In fact, what happened was that oil keep falling, but the airlines fell anyway. Currently, oil is snapping back hard today for a likely bear market short squeeze rally. Major airlines are getting hit, too, even as the...
30Jan1:09 pmEST
A Relevant and Quality Seasonality Study
Courtesy of Nautilus Research (@NautilusCap), the above chart illustrates what happens in equites after we see a negative month of January, when it comes after three or more prior years of gains . This is a focused and relevant seasonality study, which is important because it can be very easy to find erroneous, biased, and misguided...
30Jan12:25 pmEST
Join Us for a Limbo Luau Party
With HA gapping down ferociously today, I still view major airlines as setting up for shorts again. I traded AAL and UAL for wins earlier this year, but I was quick not to overstay my welcome given how resilient they have been for a while now. Still, the majors, such as AAL DAL UAL, can still be seen as short idea with defined stop-loss above...
30Jan11:43 amEST
Just Short It; Chess Moves
I went short NKE here at $92.93 with a cover-stop over $97. The position is roughly 4% of my trading capital. I am playing for a daily chart breakdown from the well-defined descending triangle (light blue lines), seen below. I am also playing for the stock's long-term, abnormally steep trend to break. Simply put, Nike has enjoyed an incredible...
30Jan10:55 amEST
Cold Weakness When There Should Have Been Warmth
Not much has changed with our ongoing analysis of the SPY chart, seen below on a zoomed-out 30-mimute timeframe. Despite the exuberance, cheered bounced we have seen along the way (purple lines) in recent weeks, each rally has simply set up the next leg down. This morning, we are seeing signs of a rollover, once again, denoted by the yellow...
29Jan5:12 pmEST
Kinda Takes the Shine off That Flush, Don't It?
To update this blog post from January 4th, the strikingly similar technical patterns in 2014 IPOs BABA and GPRO are playing out incredibly well. After earnings this morning, BABA is gapping down below well-defined support after a "throwback," or retrace up to the scene of its breakdown, just like GPRO did before flushing lower late-last year....
29Jan4:51 pmEST
Stock Market Recap 01/29/15 {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...
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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.
