Monthly Archives: February 2015
Showing articles 51 - 60 (146 total)
19Feb2:45 pmEST
Two Delicious Charts This Afternoon
DATA continues to impress on the long side, seen basing "high and tight" on the first daily chart, below. This is a tech firm we have been looking at for a while now, performing well on a relative and absolute basis. And CHUY has cleared that $23 level to the upside, now in gap-fill territory higher. This is another name we have looked at...
19Feb1:12 pmEST
Diminishing Returns on Monetary Gadgets
Although still slightly green year-to-date, the bond market is showing some subtle changes in character. On the TLT daily chart, first below, for Treasuries, note the failure of bulls to immediately buy that pullback to the 50-day moving average after the highlighted (in light blue) rising wedge broke lower. Bond bulls have had a ferocious run...
19Feb12:32 pmEST
Another Episode in Russia; Chess Moves
In what may turn out to be a day-trade, I went long RUSS here at $11.74 with a protective stop-loss below $11. This position is roughly 4% of my trading portfolio capital. RUSS is the triple-short ETF for Russia. If I do decide to swing it, then it is predicating on the RSX, Russia country ETF, hitting the orange line on the weekly chart,...
19Feb11:30 amEST
All Eyes on the Highs
The Nasdaq Composite Index and biotechnology sector ETF, IBB, are printing fifteen-year and fresh all-time highs this morning, respectively. At this point, new highs on a daily basis is a surprise to very few market players. Still, this type of action is to be respected in terms of either playing along or not yet stepping in front of it. While...
19Feb10:35 amEST
Locking in Some More Natty; Chess Moves
I just sold off another piece of my UGAZ long here at $3.19 from $3.04 entry yesterday to scale more gains after locking some in yesterday as well. I am now down to about 1/3 position size, with a stop-loss still below $2.88.
19Feb10:05 amEST
Scaling Some Fast Gains; Chess Moves
I sold half of my ERY long here at $19.16 from the $18.15 entry I noted yesterday in this blog post . I raised my stop-loss to my entry price for the other half of the position. Crude oil and energy stocks are getting hit this morning, which is obviously helping the triple-short bearish ETF in ERY. They are still in downtrends, which means...
18Feb4:37 pmEST
Stock Market Recap 02/18/15 {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...
18Feb2:41 pmEST
Trimming Some Quick Intraday Gains; Chess Moves
I just sold roughly 1/3 of my long UGAZ position at $3.16 from $3.04 entry noted earlier today. I am simply trimming some quick gains intraday, from my earlier purchase noted on the blog. My stop-loss is still below $2.88.
18Feb2:10 pmEST
Update from Last Stand Hill
As I have mentioned before, I am looking at this recent weakness in the precious metals and miners to amount to a "last stand" for gold bugs to prevent another leg down in a multi-year bear market. If this is to be a major bottom for metals and miners, then the upside reversal we are witnessing at the moment, after the Fed Minutes, had better...
18Feb1:20 pmEST
Blocking Out the Rebound Rally; Chess Moves
I went long ERY at $18.15 with a stop-loss below $17.70, possible day-trade in this triple-short energy sector ETF. This position is roughly 4% of my portfolio. I am betting on energy heavyweights like CVX SLB XOM pulling back in the coming trading sessions, if not today. XOM is in the news just now with reports of a possible explosion at a...
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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.
