Monthly Archives: February 2015
Showing articles 121 - 130 (146 total)
05Feb12:13 pmEST
Back in a Tough Trade; Chess Moves
There is no way to sugarcoat it: Going long natural gas has been an extraordinary tough trade since Thanksgiving. Nonetheless, with crude rallying off recent lows and commodities in general attempting to show signs of life amid a U.S. Dollar currently in consolidation mode I am taking a shot at a long UGAZ play. Specifically, I went long UGAZ,...
05Feb11:36 amEST
Trying Times in the Energy Sector These Days
A true bottom with signs of capitulation? Or simply a bear market rally in oil and oil stocks? The saga is to be continued...
05Feb10:43 amEST
Any Port in a Storm
With the day-to-day swings and rotations we have seen, so too, by inference, do the seemingly correct plays of whether to place your money. Overall, we remain rangebound, as the Nasdaq-100 ETF daily chart depicts below, between those light blue lines. FEYE and TWTR are getting some cheer from longs who have likely been tapped in those names...
04Feb4:40 pmEST
Stock Market Recap 02/04/15 {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...
04Feb3:33 pmEST
Getting Squared Away Into the Bell; Chess Moves
Into the bell, I sold 1/3 of the JNUG long at $34.30 from the $33.40 entry earlier to scale some gains. I am still holding 2/3 of it with the same stop. I also covered my LUV UAL shorts, LUV at $44.84 and UAL at $72.14. I had previously scaled gains in LUV UAL in their down moves earlier this week. But they both snapped back very hard today...
04Feb3:20 pmEST
Another Shot at Playing with Fire; Chess Moves
I went long JNUG, the triple-long ETF for junior gold miners, at $33.40 earlier on Stocktwits/Twitter with a stop-loss below $32, playing for junior gold miners to lead a rally higher. I may day-trade part or all of this position, depending on the action into the final hour of trading. HL is one of the top components in the GDXJ ETF, and it...
04Feb1:52 pmEST
Now You'll Have to Be Extra Gritty
After a multi-day short squeeze rally in crude oil, which was inevitable in terms of "when, not if" (although timing it is always extremely difficult), we are seeing some sharp giveback today as latecomer longs feel the heat for what seemed to be an easy money trade. In reality, though, bottom-fishing broken charts (meaning price below...
04Feb12:43 pmEST
Waiting in the Weeds
I am have held off on new trades today, thus far, as the action still smacks of choppy behavior. However, I am entertaining a whole host of fresh trade ideas, including potential longs in JNUG and JO. In addition, looking to go short the indices and long volatility is on my radar if we see weakness this afternoon, potentially trapping longs who...
04Feb11:05 amEST
Tough Crossing the Highest Bridge
It is not just the GILD gap down this morning which is pressuring biotechnology stocks at-large again. In addition, AMGN continues to break lower from a highlighted descending channel pattern, seen on the daily chart, below. BIIB still looks to be the strongest of the major biotechs hanging in there, for now. But clearly the momentum is...
04Feb10:13 amEST
Watch the Components for Explosive Moves
In determining whether the precious metals miners are on the cusp of another leg higher after a stellar open to 2015, I am keying off some individual components in the GDXJ, ETF for the junior gold miners. In particular, you can see individual components AG HL, which have a heavy weighing in that GDXJ ETF, both coiled up on their respective...
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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.
