Monthly Archives: January 2015
Showing articles 141 - 150 (153 total)
05Jan11:22 amEST
A Fresh Trade; Chess Moves
I went short Visa at $260.30 just now, placing 4% of my trading portfolio capital into the name. I am playing for the rising channel, seen below on the daily chart, to resolve lower and break down. My cover-stop is above $270, in order to mitigate the risk in the trade. Major credit cards have been multi-year winners. I was wildly bullish,...
05Jan10:25 amEST
Starting to Come Together, Pepper
The thesis we looked at of late and over the weekend in my video Strategy Session is unfolding this morning, with precious metals and miners outperforming while equities slump. With respect to the precious metals and miners complex, silver and the junior gold miners are typically the two best gauges of risk appetite, or lack thereof. Here,...
04Jan2:34 pmEST
Weekend Market Film Session 01/04/15 {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 01/05/15-01/09/2015. Trade Well. Protect your portfolio at all times. -chessNwine Direct Vimeo Link Click Here
04Jan11:16 amEST
A Sunday Morning Sight to Ponder
I present the daily charts for recent-IPOs GPRO and BABA, respectively below, to illustrate how similar they look. Specifically, BABA looks just like GPRO did before a sharp breakdown in mid-December. Note the comparable descending triangles I have highlighted on each chart, with a series of lower swing highs (resistance, upper light blue...
03Jan1:42 pmEST
Saturday Night at Market Chess Cinemas
Odds Against Tomorrow (1959), starring Harry Belafonte, with Robert Ryan, Shelley Winters, Ed Begley, Gloria Grahame, is a rough and tumble film noir with sharp edges and stylish moments. Directed by Robert Wise, I consider this one of the best films that many have not seen, even those well-versed in the classics from the 1940s and 1950s....
03Jan12:25 pmEST
Sun Tzu and The Art of War
Here we have a History Channel documentary about Sun Tzu and The Art of War. Sun Tzu was the famous ancient Chinese military general, strategist and philosopher. Try to apply the strategic concepts discussed in the video, below, to trading and your approach to the markets.
02Jan3:43 pmEST
In with the New
The first trading session of 2015 started off with a bang, in the form of an opening pop from strong overnight futures. However, that bang turned into a fade, as many notable stocks suffered weakness and/or choppy action throughout the session. I put on a few shorts (GOOG LOW) and am long a silver miner (SLW), feeling out some potential big...
02Jan2:39 pmEST
We All Have it Coming, Kid; Chess Moves
I went short LOW, as per my earlier post today, at $67.65. The position is roughly 4% of trading capital, with a protective stop-loss above $69.70 (recent highs). LOW looks ripe to finish out this week with a week chart "shooting star" bearish reversal candlestick after prior steep uptrend, seen below on the weekly timeframe. My risk is...
02Jan1:45 pmEST
Going Short a Premier Name; Chess Moves
With today's weakness, I am picking on one of the premier issues in the Nasdaq and the entire market--Google. I went short GOOG at $524.41, playing for a breakdown to fresh 52-week lows. The position is roughly 4% of my trading capital, with a protective stop-loss above $540. In order for the short to work well, GOOG likely needs to lose $523,...
02Jan12:40 pmEST
Still Looking for the Duck of Death at Lowe's
It has been an incredible multi-year bull run for housing retail stocks, namely HD LOW SHW. Nonetheless, I still believe the likes of LOW (despite Gene Hackman, target="_blank">voice-over commercials ) is setting up as a short with meaningful downside in early-2105. Earnings for LOW are not until late-February, and the stock is...
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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.
