Monthly Archives: March 2015
Showing articles 61 - 70 (184 total)
21Mar8:02 pmEST
Saturday Night at Market Chess Cinemas
College basketball’s March Madness is getting in full swing, with teams duking it out tonight to play in the Sweet Sixteen next Thursday. Of all the places in America, the two most basketball-dominated states are Kentucky and Indiana. And this year the undefeated Kentucky Wildcats are stealing the show as huge favorites to win the title. ...
21Mar11:01 amEST
Breaking Vegas: The True Story of The MIT Blackjack Team
Here is a very entertaining and educational documentary based on the books by Ben Mezrich that cover the true story of the legendary MIT Blackjack Teams. While cheating is, of course, wrong and a poor strategy in terms of both ethics and being a lousy long-term strategy (crime doesn't pay), the documentary is worthwhile in terms of assessing...
20Mar3:50 pmEST
Come Back Next Week for a New Season: Chess Moves
Into the weekend, I am calling a last-minute audible here and moving to 100% cash. Overall, I had a pretty good week, grinding out wins and cutting losers to contain them without no major gaps against my favor. As spring commence, I want a clean slate and an open mind to fresh positions next week. I will update the numbers, but here is the...
20Mar3:23 pmEST
In One Photo: The Week That Was for Metals
While far from concrete evidence of a major bottom in place, the precious metals and miners did come fighting out of their coffins this week; especially silver. While the macro cross-currents of the U.S. Dollar, Euro, Fed, etc. could all be attributed as reasons for the rally in the metals and miners, gold bugs are still breathing headed into...
20Mar2:05 pmEST
Making Sense of the Battles
Along with equities rising and stealing the headlines, commodities look to be turning in a solid week overall, namely gold and especially silver. Even copper, however, participated in the post-FOMC rally, along with some softs such as corn, coffee, and wheat. At issue is whether any type of commodity trade has legs in the coming weeks, or...
20Mar1:08 pmEST
A Proper Level
I sold another piece of NUGT long at $11.29 from my $10.25 entry and am now down to roughly 1/3 position of original size now. I also moved up my stop to my entry. Regarding crude oil, and keying off the USO ETF, first below, I am watching the $16.80 above to see whether black gold can sustain more than just a temporary pop into next week. ...
20Mar11:43 amEST
Mixed Trades; Chess Moves
A winner and a loser here. I sold half of my JO coffee long above $25.20 earlier from my $24.07 to lock in partial gains, trailing my stop to entry on the final half of the position. And I covered my HD short for a loss at $117.66 from my $113.85 for a contained loss. Shorting the steep trends like HD LOW SHW continues to be fruitless. But as...
20Mar11:04 amEST
Assessing the Eruption
Biotechnology stocks erupted again this morning, with large cap biotech Biogen, seen below on a 15-minute timeframe leading the charge. As we all know by now, biotechs have been like a volcano erupting frequently for many years now. At issue is whether one of these eruptions is an intermediate-term blow-off event, leading to a correction. In...
20Mar10:20 amEST
Locking in Methodical Gains; Chess Moves
I just sold half of my NUGT long just now at $11.04 from my $10.25 entry earlier this week noted in this blog post . My stop-loss is still below $9.75. After a pause yesterday, miners are pushing higher along with equites in general this morning. There might be some more juice left in the tank, but the volatility in the metals and mining...
19Mar4:26 pmEST
Stock Market Recap 03/19/15 {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...