Monthly Archives: March 2015
Showing articles 141 - 150 (184 total)
09Mar11:02 amEST
Swapping One Bear for the Next; Chess Moves
With energy stocks rallying and outperforming today, potentially putting in lower swing highs across the board, I elected to step aside and sold my ERY long (triple-bearish ETF for energy stocks) just below $21 from the $20.37 entry I noted here for a win. This is a modest but worthwhile win, considering the alpha I pick up by not riding...
09Mar10:28 amEST
A Loose Aggressive Chart; Chess Moves
Into this move lower this morning, I covered half of my LVS short entered on Friday in this blog post , at $53.76 from the $55.34 entry to scale partial gains. I moved my cover-stop down to my entry price. LVS could easily just be getting started to the downside. But until we see more confirmation of a broad market correction I am going to...
08Mar2:18 pmEST
Weekend Video Strategy Session 03/08/15 {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 03/09/15-03/13/15. Trade Well. Protect your portfolio at all times. -chessNwine Direct Vimeo Link - click here
08Mar10:50 amEST
Ten Damaging Lies and Excuses Your Mind Loves to Tell You
Courtesy of the Marc and Angel Hack Life website, here are ten toxic thoughts and beliefs which can derail your progress in life. Applied to trading and the markets, it is worth noting that many a market player has gone broke through no fault of their own negative self-talk. Having a proper and healthy emotional mindset is absolutely critical...
07Mar3:21 pmEST
Saturday Night at Market Chess Cinemas
Easily one of the best detective story ever written, and adapted from the novel, The Maltese Falcon (1941) has it all. Writer/Director John Huston (a brilliant actor in his own right) sets the stage for Humphrey Bogart to take on all comers in the search for a priceless statue. A memorable performance by Peter Lorre seals the deal as this...
07Mar10:50 amEST
Reinterpreting the First Great Stock Market Crash: South Sea, Mississippi & Windhandel Bubbles
Here is some good Saturday morning education to enjoy with your coffee. via YouTube The greatest stock market bubble in history still holds lessons for today. Drawing from his financial research and objects from Yale collections, Professor William Goetzmann, Edwin J. Beinecke Professor of Finance and Management Studies, discusses the finance,...
06Mar3:32 pmEST
I Can Beat My Burrito at Chess; Chess Moves
I went short CMG at $660.16 with a cover-stop over $680. This position equates to roughly 4% of my portfolio capital. On the weekly chart, below, CMG looks to be struggling in the midpoint of its long-running rising channel (light blue line). On shorter-term timeframes, the stock has been a base breakdown candidate for a while, which I have...
06Mar2:06 pmEST
Going Solo on This One; Chess Moves
First off, I just sold a piece of my SRS long at $12.63 here from $12.03 posted earlier this week to scale some gains. I now retain about 75% of my original position, with a stop-loss still below $11.50 on this ultra-short REITs ETF. Next, I went short FB at $80.19 with a cover-stop over $83, a contrarian play and looking to swing it. FB...
06Mar1:24 pmEST
Apple Adding Some Sweetness to the Dow
But will all that sweetness cause Dow diabetes? The timing of AAPL being added to the Dow Jones Industrial Average, replacing AT&T, sure does smack of something you are more likely to see in the late innings of a bull market rather than in a bear market or in the "wall of worry" phase of a young-to-middle-aged bull. On a standalone basis, the...
06Mar12:26 pmEST
Has Mr. Rothstein Even Applied for a Gaming License? Chess Moves
I just went short LVS at $55.34 with a cover-stop over $58.70, looking to swing it for another leg down in its current weekly downtrend. This position equates to roughly 4% of my trading portfolio capital. LVS is a name I have profiled many times over the past year or so as consistently being an actionable short idea. Long-time readers will...
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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.
