Monthly Archives: March 2015
Showing articles 91 - 100 (184 total)
17Mar11:17 amEST
Making More Trades; Chess Moves
My short book currently consists of AXP and GOOGL, as I believe both positions are intact for my thesis. And I just added to the short side of my book by going short Visa at $266.44 with a protective cover-stop over $280. This is a 4% portfolio position, and I am playing for the largest Dow Jones Industrial Average component to break down a...
17Mar10:29 amEST
Operation Dinner Out is a GoGo; Chess Moves
I just sold half of my GOGO long here at $21.33 from my $19.93 entry last week noted in real-time in this blog post , in order to scale partial profits. I moved my protective stop-loss up to my entry price, in order to protect the rest of the gains, thus far. The stock is moving nicely, despite broad market weakness this morning and recent...
16Mar4:28 pmEST
Stock Market Recap 03/16/15 {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...
16Mar3:31 pmEST
Winter Light Before the Holiday
A nice broad market rally today in front of the St. Patrick's Day holiday tomorrow leaves bulls feeling pretty confident in another V-shaped really to fresh highs on the major averages. I still am looking to see ore broad-based quality technical setups before I would consider loading up my portfolio with swing longs. But that does not make...
16Mar2:29 pmEST
Sidestepping Danger; Chess Moves
I played TSLA on the short side earlier this year for a nice win. But I did so knowing full well the risks involved in playing a momentum darling with a charismatic CEO, not to mention a company with a cult following and a heavily-shorted stock. While that trade worked out, it looks like this one will not. Given today's move higher after CEO...
16Mar1:39 pmEST
While the Dollar Lounges Around Today...
Far be it from me to call a top to the impressive U.S. Dollar bull run since last summer. However, with the pause today in the greenback I am stalking a quick long scalp in the gold miners. Specifically, the GDX, ETF for senior gold miners, might be good for a quick long over $18.20, then $18.30. Still, miners have much to prove, and I would...
16Mar12:41 pmEST
Into Outer Space
The wildcard for this market continues to be whether we see the multi-year winning biotechnology stocks stage a "blow-off" higher before we see some type of standard correction on the S&P 500 Index. On the IBB, biotech sector ETF, quarterly chart below, note that price is pushing the upper Bollinger Band. In addition, with today's rally the...
16Mar11:50 amEST
Probing a Coffee Long; Chess Moves
I just went long JO, the ETN for coffee, at $24.07 with a protective stop-loss $22.60. As I discussed earlier this morning, coffee is outperforming virtually all commodities today. It has been disappointing after a promising first week of 2015. Still, seasonal trends are favorable and the technical setup on the daily chart, below, is for...
16Mar11:21 amEST
Squaring Up Before a Big Match; Chess Moves
I just covered up the final piece of my LVS short for a win, and my UAL short for a loss. After scaling on the way down, casinos may finally be ripe to bounce this week. Either way, the risk is too high for a sharp snapback rally in the likes of LVS WYNN here for my taste. Thus, I covered the final 10% position size in my LVS short at $52.92...
16Mar10:46 amEST
The Road Leading Up to the Fed
In front of a larger-than-usal Fed Day on Wednesday, namely due to Chair Yellen's press conference and the Fed Members' forecasts, the market is bouncing reasonably well this morning after last week's volatility. Notable laggards include premier names like FB and NFLX, though. A beaten-down name like BABA is trying to stage a snapback rally,...
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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.
