Monthly Archives: March 2015
Showing articles 71 - 80 (184 total)
19Mar3:36 pmEST
Betting on an Imminent Squeeze; Chess Moves
As a follow-up to my last post regarding the biotechnology stocks, I just went long INSY at $60.99 with a stop-loss below $56.50. I am playing for am imminent breakout higher in this extremely heavily-shorted bio. On the daily chart, below, note the basing formation in an established prior uptrend. If biotechs continue to enjoy this upside...
19Mar3:11 pmEST
Tekmira Studying Up for the Big 21 Test
TKMR is another biotechnology stock worth keeping on the long radar if we continue to see the sector in general keep melting higher. This one has Ebola exposure, which enabled it to enjoy a few pops in 2014 during that Ebola run-up. But fundamental or news-related reasons aside, the stock is still sporting a very bullish buy volume pattern,...
19Mar2:18 pmEST
Wynn Selling May Be a Bit XS
As I mentioned earlier, WYNN may finally be ripe for a tradable bounce. The stock is up nicely today, and the issue is whether there is juice left in the tank. On the monthly chart, below, we can see about a 50% decline off the early-2014 highs, taking price back below its primary long-term breakout (horizontal light blue line). A check-back...
19Mar12:44 pmEST
So Tesla Wants to Take a Drive in New Jersey, Eh?
News of New Jersey reversing its ban on Tesla's direct auto sales appeared to be bullish for the stock this morning. But now TSLA is fading a bit at a critical reference point, the 50-day moving average, seen below in dark blue on the zoomed-out daily chart. While it is not popular to point out, the fact of the matter is that TSLA remains...
19Mar11:45 amEST
More Bad Reviews for This Chart
YELP has been a perpetual loser for a while now, lagging other marquee names and even failing to see the one-off pops that fellow underperformer Pandora has seen among junior marquee names. On the updated daily chart, below, we have a pretty textbook breakdown in progress from a well-defined consolidation within the context of an established...
19Mar11:03 amEST
On March Madness and This Year's NCAA Tournament Bracket
The dust appears to be settling from yesterday's big move in the market, with names like BLUE HAIN RARE intriguing as fresh longs if we see more strength, and CP UNP setting up as shorts. FB is finally trying to break higher from its long, sideways consolidation, and we will see if it holds given how many eyes are on it at the moment. My...
18Mar4:35 pmEST
Stock Market Recap 03/18/15 {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...
18Mar3:44 pmEST
A Day of Inter-Market Confrontations
As we head into the bell of an exhilarating upside reversal, what strikes me most is the movement across many asset classes today, beyond the usual Fed Day action. The Dollar, Euro, crude, metals, and other markets are worth of a discussion in my video market recap after the bell. In addition, as @StuOnGold mentioned to me on Twitter, the high...
18Mar3:11 pmEST
Probing the Reaction with Patience; Chess Moves
I just went long NUGT at $10.25 with a protective stop-loss below $9.75, playing the gold miners via this triple-long ETF (derived from the GDX ETF) for a rally. Playing the initial reaction to a major "Fed Day" can always be tricky. But so far it looks as though the Dollar's weakness is leading to strength in commodities. To be sure, gold...
18Mar2:20 pmEST
The First Move After the Fed
Commodities are displaying impressive initial strength after the Fed announcement, along with equities. Silver, gold, crude, and even corn have my eye for fresh longs here, along with the precious metals miners. Volatility is getting pounded and the indices are rallying, which is why I have kept my shorting tactical and specific to individual...
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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.
