Monthly Archives: January 2015
Showing articles 131 - 140 (153 total)
06Jan2:11 pmEST
Solving the Coffee Problem
After a spectacular first several months of 2014 and countless reports of favorable fundamentals, the coffee commodity has since settled into a whippy range. The issue is whether we see a resumption of the impressive strength from early last year, or instead if it was an aberration in an otherwise multi-year downtrend. On the weekly chart for...
06Jan11:38 amEST
In the Company of Adult Trading
Any levered ETF is effectively trading in "adult swim" territory, long or short, equities or commodities, due to the high beta and gapping nature of the instruments. Thus, "buy and hold" philosophies for them can be deemed a disaster waiting to happen, due to the decaying nature of many of them, on top of the price swings and volatility....
06Jan11:06 amEST
Pressing a Bet; Chess Moves
With the trade thus far working in my favor, and the market cooperating for shorts, I added to my GOOG short here at $516.46. Back on Friday in this blog post , I entered the trade at $524.41, playing for a breakdown to fresh 52-week lows. The position was roughly 4% of my trading capital, with a protective stop-loss above $540. The position...
06Jan11:01 amEST
My Way of Playing Oil to Stabilize Soon; Chess Moves
I went short AAL, a major airline, in lieu of trying to catch the falling knife that has become crude oil. On a standalone basis, AAL looks ripe to follow some other major airlines lower today from its extended conditions on virtually all timeframes. But if crude can at least find a temporary low soon, or stop going down altogether, then...
06Jan10:21 amEST
Scale and Trail a Winner; Chess Moves
Into this opening pop higher in metals and miners this morning, I sold half of my NUGT long at $14.47. I announced an entry into a long NUGT position yesterday in this blog post . My entry was down at $12.84. So I will now trail up my protective stop-loss to that entry price. I may very well add back to NUGT. But trading around such a...
05Jan4:45 pmEST
Stock Market Recap 01/05/15 {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...
05Jan3:39 pmEST
Playing Chicken with the Neckline
Coming up in my video market recap after the bell it is worth discussing major biotech GILD and how it outperformed today. On the updated daily chart, below, note the "throwback" to the busted neckline of a topping pattern. Bears made some progress today. But they almost assuredly must take down biotechs in order to really make headways for a...
05Jan3:09 pmEST
Back on the Bus; Chess Moves
With the GDX, senior gold miner ETF, back over its 50-day moving average to little fanfare today, I went long NUGT (the triple-long miner ETF) at $12.84. NUGT is a fast-moving instrument with tons of gaps and mind-numbing volatility. But I like the setup both technically, with the miners failing to break down to fresh bear market lows in recent...
05Jan1:11 pmEST
On the January Barometer
You are likely to hear more and more about the "January Barometer," which is a theory which hods that as January goes, so goes the year. Therefore, we are going to raise and discuss this issue now. The 2010 Stock Trader's Almanac states this theory is essentially 91% accurate, dating back to 1950, with only a few misses. Seasonality is...
05Jan12:19 pmEST
Russia Bears Watching Again with Oil Cascading
With crude oil cracking below $50, and energy stocks getting lit up, the Russia short is back on watch. RUSS is the triple-levered short ETF for the RSX. On the RSX daily chart, you can see a bearish pennant formed. The RSX is under $15, which means a breakdown is now on the table. Any further weakness likely sees an actionable short trigger...
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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.
