Monthly Archives: February 2015
Showing articles 141 - 146 (146 total)
02Feb1:55 pmEST
Changing Weather Patterns
While shorting biotechnology stocks has been a tricky, tough, even dangerous endeavor for a while now, the weakness in AMGN today is a sign of a change in character. On the daily chart, below, note AMGN breaking below the highlighted descending channel pattern. True, BIIB GILD, even CELG have been resilient. But the sector has been churning of...
02Feb12:07 pmEST
An Attractive Point of Attack; Chess Moves
I went long NUGT again, the triple-long ETF for for the senior gold miners, at $18.46 with a protective stop-loss below $17.20. This position represents roughly 4% of my trading portfolio capital. I have played the gold miners numerous times this year with good results. But, of course, each trade is going to need to stand on its own merits. It...
02Feb11:22 amEST
Slow Morning Bounce
After some opening strength which was faded into red, buyers are staging a methodical bounce-back as I write this. The SPY, ETF for the S&P 500 Index, seen on the 30-minute timeframe below, has morphed into a larger sideways pattern, denoted by he light blue lines. Buyers brought price right back up to that $200 area, which is likely going to...
02Feb10:31 amEST
The Dog Days of Winter; Chess Moves
Charles Barkley once referred to early-February as being the "dog days" of the NBA regular season, meaning that the NBA season had already been in progress for several months, but the end of the season was still too far away to be considered close. In the stock market, February is typically a cold months for prices, in addition to the weather...
01Feb2:29 pmEST
Weekend Video Strategy Session 02/01/15 {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 02/02/15-02/06/15. Trade Well. Protect your portfolio at all times. -chessNwine Direct Vimeo Link Click Here
01Feb10:40 amEST
A Football Life: Bill Belichick
While it is true that the New England Patriots now appear to have an "aura of cheating" around them due to incidents over the past decade, the fact of the matter is that they still have been a wildly successful football organization since 2002 in an NFL which promotes parity. Thus, it is worthwhile on this Super Sunday to take a deeper look at...
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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.
