Monthly Archives: March 2015
Showing articles 151 - 160 (184 total)
06Mar11:16 amEST
Presenting King Dollar Like Royalty
George Washington is said to have been a man of great humility, opting to be referred to simply as "Mr. President" instead of some royal name. Still, the performance of "King Dollar" of late renders the greenback worthy of high praise, indeed. On the updated UUP ETF weekly chart, below, that textbook "bull flag" consolidation I discussed last...
06Mar10:34 amEST
Treat Your Positions as They Treat You; Chess Moves
In the markets, just as in life, it is often best to develop a certain disdain for things and people which do not treat you well--Ignoring them is the best revenge, rather than trying to placate them or stoop down to play on their childish level. For this reason, I religiously cut losers and do not look back. Although you can see how a ticker...
05Mar4:35 pmEST
Stock Market Recap 03/05/15 {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...
05Mar3:42 pmEST
Staying Tactical Against General Winter
Into the closing bell, I am tempted to put on another UGAZ long, with UNG holding over $14.40. However, on this wintry, grinding day I am going to avoid over-trading and err on the side of patience. If there is one thing history teaches us, it is to not try to force a battle against General Winter (just ask Napoleon and Hitler). My current...
05Mar3:10 pmEST
Hold on for Dear Life
To reiterate some long ideas I will discuss on the recap tonight, if we get some more strength out of their basing patterns: ADSK CYBR FEYE GNC PAYC PLAY, among others. Still, the weakness in AAPL is interesting and worth revisiting this final hour. On the updated 30-minute chart, we could easily be bear-flagging at that key $126.60 level we...
05Mar2:20 pmEST
Grinding Away with Indecision
My open positions are a mixed bag, with the CAT short working the best for me. Meanwhile, my CRTO ERY SRS longs are grinding in the other direction. But even with the CAT short, dip-buyers are giving it every effort off the morning lows. As far as fresh positions, a few long setups into strength are: ADSK GNC HALO LNKD PAYC. The ag plays,...
05Mar1:20 pmEST
Two Good Views in the Heart of Winter
The AAPL 30-minute chart, first below, has been a recurring bit of analysis on this website over the past two weeks. And we can see after the $130.30 the $128.30 levels were lost, price came back down to $126.60 before losing even that level. It will be interesting to see how Apple and the market close with this short-term weakness. Again, know...
05Mar12:32 pmEST
Pressing for Lethargic Energy Stocks; Chess Moves
I am pressing the energy stocks, housed in the XLE ETF, to resume their downtrend and defy the many calls for a major bottom in place. As a result, I went long ERY, the triple-bearish ETF for energy stocks, at $20.37 with a protective cover-stop below $19.50. This position amounts to roughly 4% of my trading portfolio capital. Keying off the...
05Mar11:50 amEST
Delta Skidding Off the Topping Pattern
With news of a Delta Airlines flight skidding off the runway at LaGuardia Airport, closing it in the snow, let us take a look at the DAL chart. And when we do, we have a solid short setup now watch, threatening to skid off the topping pattern highlighted on the daily chart, below. I view a move under $44.30 as being a viable initial short...
05Mar10:41 amEST
Back to Switch-Hitting; Chess Moves
I just closed out the rest of my DUST long above $15.10 from the $14.61 entry the other day. Gold miners seem to be wanting to reverse today after some recent weakness. And considering the strength in the U.S. Dollar, the reversal is all the reason I need to take down the rest of this win. As I stated before, I may very well reverse the trade...
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“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.
