Monthly Archives: March 2015
Showing articles 11 - 20 (184 total)
30Mar3:11 pmEST
Long Schillinger in Juno Terms; Chess Moves
I went long JUNO at $60.42 with a protective stop-loss below $56. The hot biotech, which IPO'd late-last year, has been working through what can be deemed a bullish cup and handle formation, seen on the daily chart, below. I am betting that the key $62 level breakout will occur this week, highlighted in light blue, up and out of the "handle,"...
30Mar1:58 pmEST
Staring Down the Masters in April
The Masters 2015 professional golf tournament is schedule to take place at Augusta National Golf Course from April 9-12th. From both a logical and seasonal perspective, Callaway Golf Company tends to perform quite well in early/mid-April, with the cold, dark winter nights giving way to more pleasant golfing weather. And on the daily chart,...
30Mar12:59 pmEST
A Musky Scent to This Announcement
With TSLA's stock sluggish again earlier today, the market apparently got what it wanted for at least a temporary short squeeze from this Elon Musk tweet . It is unlikely that TSLA bottoms on a tweet from CEO Musk. But, to be sure, the stock had become quite obviously weak and perhaps this squeeze serves to keep cocky shorts honest. On the...
30Mar12:20 pmEST
Two Stocks Only a Gossip Could Love
ALTR and P have been rumor-drive stocks of late, especially ALTR since Friday. On the ALTR 15-minute chart, first below, note the stock consolidating its buyout rumor spike quite well. Another move over $43 might be good enough for at least a day-trade long setup out of the highlighted bull flag. And P could easily sustain a violent short...
30Mar11:30 amEST
Fighting for the Good Setups
A few long ideas on further strength with solid charts: IBKR ONCE. I would also keep an eye on ICE over $240. On the other hand, I would probably still be careful with any solar longs, despite FSLR green today. YGE is falling apart again, and CSIQ may follow suit for a move lower. In general, the sector is best for day-traders until further...
30Mar10:39 amEST
A Cleansing Ritual; Chess Moves
This morning's gap higher in the market into end of month and end of quarter is enough to compel me to defend some open winning positions as well as cut away some of the laggards in my portfolio. First and foremost, the long coffee or JO ETN trade did not pan out immediately as I expected, and with JO sitting under $24, my stop-loss area, I...
29Mar2:41 pmEST
Weekend Video Strategy Session 03/29/15 {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 03/30/15-04/03/15. Trade Well. Protect your portfolio at all times. -chessNwine Direct Vimeo Link - Click Here
29Mar12:24 pmEST
Sunday Matinée at Market Chess Cinemas
The Norwegian thriller Headhunters (2011) or Hodejegerne (original title) is available over at Amazon Prime Instant Video. I saw it a few years back and came away very impressed. Aksel Hennie delivers a memorable lead performance in this riveting thriller with solid action sequences and gripping plot twists. I highly recommend you check it...
28Mar1:36 pmEST
A Chaikin Not Stirred Indicator {Video}
The following video seeks to fuse educational and actionable content, discussing the Chaikin Money Flow Indicator as another way to help compliment your analysis of stocks and charts. Technical indicators are best used as tools in your toolbox to help define risk parameters for you trades and analysis, rather than as sources of perceived...
28Mar11:16 amEST
Spectre Trailer: The New James Bond Film
Spectre , the new James Bond film scheduled to be released this November, looks pretty good. Christopher Waltz should add some acting pizzazz, too. Generally speaking, the Daniel Craig Bond films have been solid, with Casino Royale (2006) standing out as one of the better Bond films in recent decades. via YouTube: See the first teaser...
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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.
