Monthly Archives: March 2015
Showing articles 101 - 110 (184 total)
15Mar1:20 pmEST
Weekend Video Strategy Session 03/15/15 {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 03/16/15-03/20/15. Trade Well. Protect your portfolio at all times. -chessNwine Direct Vimeo Link - Click Here
15Mar11:00 amEST
Peer Over the Dow
We have a big week coming up in the market, including another widely-anitipcated FOMC announcement on Wednesday. I will have full coverage of the markets in my Weekend Video Strategy Session, later today. For now, consider the Visa daily chart, below. Visa is now, by far, the most heavily-weighted Dow component. And it is therefore likely...
14Mar11:56 amEST
Saturday Night at Market Chess Cinemas
With Saint Patrick’s Day coming up this Tuesday, I suggest watching the overlooked Waking Ned Devine (1998), an entertaining comedy set in a small Irish village. The comedy centers around a lottery winner who dies of shock, while fellow townspeople devise a plan to keep, and split, the prize among themselves. The film strikes the perfect tone...
14Mar10:59 amEST
Sports Betting Legend Bill Walters
Here is a good educational piece on this Saturday regarding the Las Vegas sports betting legend, Bill Walters. The following piece was run on CBS' "60 Minutes " a few years back, and is worth a viewing on the accomplished if not controversial professional bettor. As you watch the piece, try to apply some of the concepts discussed about...
13Mar3:48 pmEST
Lessons from a Rocky Market
As we wind down a volatile week in the market, many seem eager to look for reasons for a rally instead of a further sell-off. I will discuss the broad market more in-depth over the weekend in my Weekend Video Strategy Session. But as we zoom towards the bell on to close out the week, consider LNKD. I discussed on last Sunday's Strategy Session...
13Mar3:19 pmEST
Pressing a Bet; Chess Moves
I added to my open GOOGL short here at $551.18, pressing the bet for further weakness next week. My original entry was noted here earlier this week at $557.15 with a cover-stop over $585. My cover-stop remans the same, and the position now equates to roughly 6% of my portfolio capital. The bear thesis of a weekly topping pattern is still...
13Mar2:01 pmEST
A Look Across Multiple Timeframes for Lumber Liquidators
As I mentioned in recent video market recaps, although it is tempting to play for a big, contrarian bottom with a widely-disucssed swoon for both the stock and company's reputation, the idea was to resist the urge to play LL for anything more than a quick long scalp. On the monthly chart, first below, the best case bulls can make is that the...
13Mar1:11 pmEST
Pier to Somewhere or Nowhere
Below you will find a 10-minute chart of the SPY, actively-traded ETF for the S&P 500 Index. After some heavy selling this morning, buyers are trying for a bounce into the afternoon. To my eye, the purple lines could easily denote a bear flag, simply setting up more weakness into the end of week. $205.20 looks to be a short-term battleground...
13Mar11:53 amEST
Jumping to the Other Side
Below I present the AmEx weekly chart, a name I went short earlier this morning. Note the major confirmed top, targeting the low-$60's. I do not believe the recent bounce qualifies as evidence of a false breakdown, or bear trap. Instead, the most basic interpretation of the chart is the AmEx is jumping from bull to bear after multi-year run,...
13Mar11:07 amEST
This Trade is a Contender Now; Chess Moves
I just went short AXP at $80.07 with a cover-stop over $84 on a daily closing basis. This position equates to roughly 4% of my portfolio capital. AmEx is a name I have charted extensively as a bearish confirmed top for a while now. And after a snapback rally I am simply playing for that top to continue to force the issue lower. I will present...
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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.
