Monthly Archives: March 2015
Showing articles 41 - 50 (184 total)
25Mar11:54 amEST
I Go for the Gourmet Setups; Chess Moves
After playing the initial move off recent lows and selling into strength late-last week, I just went long coffee again, via the $JO ETN, at $25.02 with a stop-loss below $24. I am playing for 20-day moving average, denoted by the orange line on the JO daily chart below, to now hold as support to cement an initial higher low. To be sure, coffee...
25Mar11:26 amEST
Not-So-Cool Runnings
Crude oil is grinding higher and should be running above its $16.80 breakout point on the USO ETF, seen first below on the 30-minute timeframe. I would only consider a DWTI (triple-short crude) if price falls back under that level on the ETF. Otherwise, crude looks to be simply grinding higher, not particularly exciting to longs playing for a...
25Mar10:38 amEST
Trim Those Buns of Steel; Chess Moves
I sold half of my X long here at $25.40 from the $24.24 entry on Monday to scale partial gains. I also moved my stop-loss up to my entry to protect the position. As you can see on the updated daily chart, U.S. Steel is hitting up through its upper Bollinger Band after good action this week. The stock is now short-term overbought and at a good...
24Mar4:35 pmEST
Stock Market Recap 03/24/15 {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...
24Mar3:28 pmEST
Simon Says Pay Attention to Me
It is worth noting that the REIT Simon Property Group, presented below on the daily timeframe, is not only the top holding in the IYR (commercial real estate sector ETF), but is also a top ten holding in the XLF (sector ETF for the financials). Simon has been on a tear higher for years now, obviously helping IYR and XLF along the way. It is,...
24Mar2:33 pmEST
The Last Temptation of Rotation
With my X steel long acting well today, the issue of rotation down from biotechs and other extended, leading parts of the market down to select materials and commodities is still viable. In addition to the resilience in the precious metals and miners in recent sessions, we know copper and the global materials miners are trying to pick up some...
24Mar1:35 pmEST
Courting the Financials; Chess Moves
In addition to top XLF component Berkshire Hathaway flashing weakness today (seen below on daily chart threatening descending triangle breakdown), large banks such as BAC C JPM are also weak. In addition, the major credit card players are lagging the tape. Thus, I am taking a shot on the short side against the sector as a whole. I went long...
24Mar12:51 pmEST
Fighting the Good Fight
The small caps housed in the Russell 2000 Index are, once again, fighting the good fight and showing relative strength today. On the 30-minute chart for the small cap ETF, below, I am keying off the highlighted consolidated this afternoon to see if that remains the case. One the other hand, financials are showing weakness today, with the XLF...
24Mar11:55 amEST
View from the Bottom
It is truly impressive to see the extremely well-defined series of lows on the UNG, ETF for natural gas, seen below denoted by the light blue horizontal line stretching back several weeks. Clearly, buyers have staked their claim to defending those $13.60-ish lows. But have thus far failed to hold much progress above, too. Nonetheless, with...
24Mar11:18 amEST
Finally Setting Sail
It looks as though the widely-watched upside breakout in TWTR is finally setting sail, gauging the first daily chart, below. Still, I am interested to see if the social stock can close today over the key $50 level, given how anticipated the breakout seems to have been. Also note the stock is poking it upper Bollinger Band already, indicative of...
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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.
