Monthly Archives: February 2015
Showing articles 101 - 110 (146 total)
09Feb3:36 pmEST
Adding and Initiating; Chess Moves
Into the bell, I added to my open BIS (ultra-short biotech ETF) long, at $42.26 from my $41.79 entry last Friday. My stop-loss is still below $40. The position is now roughly 6% of my capital. I also took another stab at natural gas, by going long UGAZ at $2.51 with a protective stop-loss below $2.40. Natty is acting well today, and I still...
09Feb3:09 pmEST
By the Oil Book
After its recent snapback rally, crude oil is seeing a reversal lower today. On the USO ETF daily chart, below, note the upper Bollinger Band asserting itself yet again. Furthermore that declining 50-day moving average is coming into play, as you might imagine in a downtrend. As I have noted before, crude remains mired in a bear market (price...
09Feb1:43 pmEST
Scoping Out Changes
While Treasuries are bouncing mildly today in the wake of last week's first real bond market sell-off in quite some time, two rate-sensitive sectors are not responding to buyers. Both REITs and utilities, seen below on their respective sector ETF daily charts, are in the red and have yet to find eager dip-buyers, despite the sharp selling...
09Feb12:46 pmEST
All the Action in a Small House
The 10-minute chart of the SPY, actively-traded ETF for the S&P 500 Index, highlights in light blue the sideways action we have seen today off the reversal lower last Friday afternoon. Short-term traders can use this chart as a roadmap in terms of taking directional scalps for the rest of today's session. $205.64 is the level to watch above,...
09Feb12:01 pmEST
Cut Them Down as They Reach for the Sky
A major key for my current biotechnology sector short, via long BIS, is going to be the performance of individual component, Biogen (BIIB). Bingen has essentially appreciated from $40 to over $400 per share since 2009, quite an impressive move indeed considering this is a large cap biotech. And not only is Biogen a large cap biotech, but it is...
09Feb11:09 amEST
Lining Up a Focused Shot
Silver and natural gas have my eye this morning, with silver bouncing back impressively from Friday's post-jobs number drubbing of the precious metals and miners. And natty is still trying to find at least a tradable bounce of its own after crude did as much in recent weeks. One of the hallmarks for the precious metals and miners in 2015 has...
09Feb10:25 amEST
A Morning Quick Hitter Worth Watching
ACHN is a big mover this morning, the top trending ticker on Stocktwits as I write this. While the daily chart is a bit sloppy for my taste to swing overnight, day-traders may find it useful o watch the $12.80 level, just above, today to see if the stock can make a run at $13.08. At that point, you can see the upper light blue line on the...
08Feb1:26 pmEST
Weekend Video Strategy Session 02/08/15 {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 02/09/15-02/13/15. Trade Well. Protect your portfolio at all times. -chessNwine Direct Vimeo Link Click Here
08Feb10:30 amEST
Sunday Matinée at Market Chess Cinemas
Italian for Beginners (2000) is a fun, largely light-hearted and underwatched subtitled comedy out of Denmark worth checking out. On a slow winter Sunday, it is definitely suggested as a good viewing. via imdb.com : Several lonely hearts in a semi-provincial suburb of a town in Denmark use a beginner’s course in Italian as the platform...
07Feb12:06 pmEST
The Best is Yet to Come
As you can see, Market Chess rolled out a brand new web design very early this morning, as promised. This new layout will focus even more on delivering a steady stream of actionable and educational content to you in a palatable manner. The finance industry can be a stressful place, full of confusion and high-pressure sales tactics where...
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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.
