Monthly Archives: January 2015
Showing articles 111 - 120 (153 total)
09Jan2:01 pmEST
Doubling Up on the Bearish Airline Thesis; Chess Moves
I went short UAL at $65.13 with a protective cover stop-loss above $68. This is roughly 4% of my trading portfolio capital, as I am pressing the bearish airlines bet alongside my current AAL short. On the daily chart, below, note UAL leaning down against well-defined trend support (light blue line). In addition to the long-term overhead supply...
09Jan12:56 pmEST
Turbulence on the Takeoff
Even if this monthly chart for the airline index is the beginning of a new multi-year uptrend, in the coming weeks I expect overhead supply likely to be caused by the prior highs from 2002 (horizontal light blue line). I remain short AAL. But DAL UAL are also short candidates with stops above recent highs. HA LUV are also setting up as...
09Jan11:55 amEST
Back in Natty; Chess Moves
I just went long UGAZ, the triple-long natural gas ETF, at $4.07 with a protective stop-loss below $3.80. The position amounts to roughly 4% of my trading portfolio capital. I have played UGAZ for quick-hitters over the past year or two, capturing sizable pops and religious cutting it those times I was wrong for contained losses. While many...
09Jan11:09 amEST
Going Short Tesla Motors; Chess Moves
I went short TSLA at $206.55, with a protective cover-stop loss over $217. The position is 4% of my trading portfolio. My reasoning behind the trade is under the theory that this momentum darling is operating below a declining 200-day moving average and could easily have just put in a lower swing high before rolling back over. Cheaper oil could...
08Jan4:45 pmEST
Stock Market Recap 01/08/15 {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...
08Jan3:42 pmEST
Closing Out A Few Winners Into the Bell; Chess Moves
Into the closing bell, I closed out a few winning positions. I covered the rest of my GOOG short $502.93 from my original core entry above $524 and an add in the $516 handle. The stock is staging a reversal on some bad news (for the stock) today, which typically means sellers are short-term exhausted. I sold the rest of my NUGT long at $13.50...
08Jan2:48 pmEST
Russia: You Think You Can Break Me?
The strength in equities as a whole is palpable this afternoon, with the indices pushing fresh session highs as I write this. I am not inclined to chase longs, nor put on index shorts, just yet. I suspect sometime tomorrow or perhaps a Monday morning gap higher will see a better short entry if this truly is a mere reflex rally within an ongoing...
08Jan1:49 pmEST
Rock Salt Jayhawk for a Defensive Winter
While natural gas seems be on everyone's mind regarding the spell of cold weather this winter, CMP is the maker of rock salt, another likely beneficiary of the wintry mix (rock salt is used for removal of ice from roads). On the weekly chart, below, note the very long basing pattern as the stock shows impressive buying. A move over $92, the $98...
08Jan12:54 pmEST
Here is the Throwback
Exuberant bounces within ongoing corrections are the rule, not the exception. And, typically, they set up the next leg down. However, we know this bull market, especially since 2013, has featured the new "rule" being V-shape rallies to fresh highs, throwing a wrench in the historical mode of analysis. Nonetheless, the Apple daily chart, first...
08Jan11:34 amEST
Gearing Up for Another Attack
Despite what seems like many traders looking to fade the move in the precious metals and miners this week, the consolidations across the board in the complex have generally been benign, thus far. We know how volatile the complex has been, however, which means not assuming anything is also an integral part of managing risk in all trades taken....
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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.
