Monthly Archives: March 2015
Showing articles 51 - 60 (184 total)
23Mar4:26 pmEST
Stock Market Recap 03/23/15 {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...
23Mar3:39 pmEST
Back in the Game; Chess Moves
After flattening out late on Friday, as noted in a blog post before the closing bell, I am back in the game with three trades into the bell today. I went long X at $24.24, playing the steel for a short squeeze higher from beaten-down conditions. My stop-loss is a daily close below $23, though I may cut sooner as I am looking for an imminent...
23Mar2:59 pmEST
Afternoon Notes Indicating Several Leanings
GPRO may finally be ready for that "so bad it is now good" short squeeze rally higher, potentially up just above $45 this week. I would key off the 5, 10, and 30-miute charts to see if it can flag out intraday for a series of higher lows on those timeframes. OAS looks like a breakdown candidate in the energy space, even with the USO crude ETF...
23Mar2:11 pmEST
Hot Cross-Currents Among the Buns of Steel Bottoms
My attempt to play a potential steel bottom quickly failed last month when I abruptly cut my AKS long for a small loss before the sector rolled back over. However, when the steels rolled over they retested recent lows, and may be forming double-bottoms now. It is, of course, way too early to declare any type of double-bottom confirmed, though,...
23Mar1:09 pmEST
Emerging from the Darkness
While I thought CHUY would emerge as a catch-up play to the stronger casual dining stocks, namely the likes of BLMN CBRL DENN FRGI RRGB TXRH, among others, as it turns out BBRG has been performing better on a relative basis. Much like CHUY, Bravo Brio was a beaten-down laggard among restaurants. However, unlikes CHUY we have seen BBRG hold...
23Mar12:17 pmEST
Potential for a Trap
After rallying over the past several trading sessions, energy stocks are now up against some interesting technical points of reference. On the energy sector ETF daily chart, below, note the 20 and 50-day moving averages now greeting price after the bounce off recent lows. In addition, note the light blue lines I have drawn denoting a possible...
23Mar11:33 amEST
Rotation in the Medical Field
For at least a short-term rotation, it looks as though some money is coming out of large cap biotechnology issues like GILD, first daily chart, below, and moving over to a major pharmaceutical firm like PFE, seen on the second daily chart. GILD and other large cap biotechs have been on a tear for years now. But while fellow leader BIIB has...
23Mar10:40 amEST
Ack and Forth Herbalife Goes
To update a chart I posted on Stocktwits earlier this month, the multi-year timeframe for controversial company (and stock), Herbalife, seen below, is responding quite well to its 2012 prior lows (horizontal light blue line). And just as HLF responded to the the highs and saw swift rejection, despite massively bullish if not giddy sentiment...
22Mar1:53 pmEST
Weekend Video Strategy Session 03/22/15 {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 03/23/15-03/27/15. Trade Well. Protect your portfolio at all times. -chessNwine Direct Vimeo Link - Click Here
22Mar11:14 amEST
Your Sunday Morning View
Brazil-based metals and mining company, VALE, is worthy of a discussion later today in my Weekend Video Strategy Session, based on its chart. In addition to the rallies staged by many commodities and miners late-last week, VALE could be ripe for a tradable rally in the days or even weeks after being badly beaten-down. Earnings are scheduled...
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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.
