Monthly Archives: February 2015
Showing articles 31 - 40 (146 total)
24Feb10:31 amEST
Dodging Incoming Missiles
We have some interesting spreads to note this morning, as Chair Yellen reassures the markets that no Fed rate hike is imminent. It is important to be aware of these moving parts of the market to dodge any potential bullets, should the divergences get resolved quickly. In particular, TSLA is selling off even as oil rallies. While the two have...
23Feb4:24 pmEST
Stock Market Recap 02/23/15 {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 video, and...
23Feb3:12 pmEST
Back in an Energy Short; Chess Moves
After a quick overnight win last week in ERY, the triple-bearish ETF for energy stocks, I just went long ERY again at $19.02 with a protective stop-loss below $18. This is roughly a 4% position in my trading portfolio. Crude oil and energy stocks faded off the OPEC rumor and subsequent spike earlier this afternoon. They all remain in overall...
23Feb2:13 pmEST
Inversion Issues for Tesla
Tesla Motors continues to operate at the cross-section of an important technical juncture. On the one hand, the case can be made for a broad, cockeyed topping pattern (light blue lines on daily chart, below). But on the other hand, Tesla is still a super-stock from 2013 with major disruptive abilities in the auto sector. Beyond that, the stock...
23Feb1:06 pmEST
Two Early Afternoon Observations
After selling out of UGAZ on Friday at $3.50, I am looking to see if UNG (the straight-up natural gas ETF, whereas UGAZ is the triple-levered long) can now avoid a gap-fill lower, seen on the 30-minute chart, first below. If so, then a move back over $15.09 on UNG could easily see me go long again. And regarding crude oil, the USO ETF, second...
23Feb12:10 pmEST
Shots Still Shaping Up Here
The persistent strength in the likes of AAPL as well as biotechnology issues is stemming the tide of this morning's sluggish open in the broad market. Small and mid-cap biotech continue to be the preferred arena for hot money players, as well as select semiconductor stocks, ARWR CLDX and TSEM are just a few such examples. We also have recent...
23Feb11:07 amEST
Cracking Pocket Aces
Alcoa, or AA (which is slang for pocket aces in the poker world) was a short setup in my Weekend Video Strategy Session yesterday. While this market has been tough on shorts, AA is breaking down today from a well-defined setup. Specifically, price was leaning down agains that yellow line, the 200-day moving average, too may times in recent...
23Feb10:21 amEST
Connecting the Dots
The trade setup we discussed late-last week, for another round of weakness in crude oil, looks to be playing out this morning. In addition, connecting the dots to correlated assets, Russia is gapping down and energy stocks may be ripe to short, too. I have my eye on another long entry into ERY and/or RUSS, the triple-short ETFs for energy...
22Feb1:21 pmEST
Weekend Video Strategy Session 02/22/15 {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 02/23/15-02/27/15. Trade Well. Protect your portfolio at all times. -chessNwine Direct Vimeo Link - Click Here
22Feb10:45 amEST
The Real George Washington
Today is officially George Washington's birthday--The "Father of America," as he often referenced for his legendary leadership, toughness, and humility. While you enjoy your Sunday morning, and while I prepare the Weekend Video Strategy Session, soak in this well-done documentary about him.
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“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.
