Monthly Archives: March 2015
Showing articles 131 - 140 (184 total)
10Mar12:50 pmEST
The Most Pivotal Battle in the War
At the risk of being overly-dramatic, consider the junior gold miner ETF, below on the daily timeframe, currently testing its all-time lows from 2014. The GDXJ is currently riding below its lower Bollinger Band, indicative of oversold conditions. But that need not mean much if this is the next fresh leg lower in an ongoing bear market, where...
10Mar11:47 amEST
Pointing the Way to These Two Setups; Chess Moves
On their respective daily charts, below, both GILD and QIHU look to be actionable shorts setting up on any further weakness today. Note that GILD is still threatening a major top, as big-time biotech, while QIHU is in a downtrend and could easily be bear-flagging here. As I write this, dip-buyers gave it a go this morning but look to be...
10Mar10:44 amEST
Balancing Out my Blueberries in the Casino; Chess Moves
I covered some more of my LVS short here, at $52.50, from my $55.34 entry to scale partial gains. Recall that I took some off the table yesterday, too. So, now I am down to about 25% of my original position, with my stop-loss at my entry price. Sands continues to break lower yet. But until we see even more evidence of a major market turning...
10Mar10:22 amEST
Portfolio Update
Here is what I am working with this morning, debating scaling gains into the sell-off as we speak.These are all bearish bets, at the moment, with no bullish exposure on. Long SRS; Short CAT, Short CMG, Short FB, Short LVS, Short UAL. In addition, AAPL is back below $126.60, and GILD is looking quite heavy in biotech land. More on this in a...
09Mar4:19 pmEST
Stock Market Recap 03/09/15 {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...
09Mar3:39 pmEST
Assessing the Last Gasp of Winter
After the recent daylight savings time change, you get the feeling that Old Man Winter is close to his last breath. And when we look at the market, the issue is whether today is the last gasp of dip-buyers bulls before a deeper market pullback ensues or instead if they will simply repeat history and shoot us much higher, yet again. At any...
09Mar2:40 pmEST
Taking a Stab at the Dow; Chess Moves
I went long SDOW at $19.22 with a tight stop below $19. SDOW Is the ultra-bearish Dow ETF. This position is potentially a day-trade for me, depending on how it plays out in the final 60-90 minutes of the session. The theory behind the trade can be seen, below, on the DIA (Dow ETF) hourly timeframe. Note that today's AAPL/DIA rally took the...
09Mar1:40 pmEST
Update on Apple
With the Apple event taking place, let's update our shorter-term analysis of the stock we have been profiling in recent weeks. Currently, AAPL is piggybacking the Dow higher today, leading the major averages as the new kid on the block in stodgy Dow. On the hourly chart, below, we can see price threatening an upside breakout from a pattern...
09Mar12:41 pmEST
Drug-Like Properties
As a brief follow-up to my last blog post regarding BlackBerry, on the first daily chart below we can see the various spikes and subsequent fades in recent quarters for the floundering cell-phone maker. In essence, BBRY is trading like a single-drug biotechnology firm, spiking on various rumors and FDA announcements and then quickly fading and...
09Mar11:44 amEST
A Legitimate Confrontation
As the new kid on the block and clearly the hot flavor of late, AAPL is helping the Dow Jones Industrial Average to lead the market's bounce today. At the same time, the Nasdaq is lagging, even with AAPL's weighting, due to weakness in the likes of NFLX and TSLA, and benign action in PCLN. Thus, we have a bit of a confrontation on our hands, as...
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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.
