Monthly Archives: April 2015
Showing articles 111 - 120 (139 total)
06Apr4:02 pmEST
Stock Market Recap 04/06/15 {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...
06Apr2:58 pmEST
You Can't Roll with That...or Can You?
Although I have been deriding the broken charts of P and YELP for many quarters now, downtrending junior marquee issues (with decent institutional sponsorship obviously not too keen on them now, therefore neither should we), if the market is going to start rewarding the ugly charts out there this quarter we should now pay closer attention to...
06Apr1:58 pmEST
Opening Day Not Just for Baseball
One of the themes from my Weekend Video Strategy Session was to be on guard for fresh money rotations to begin the new quarter of trading. While April officially kicked off last week, the holiday-shortened nature of the trading likely means that this week will be a better gauge of whether that capital is going. In the face of the sharp upside...
06Apr12:50 pmEST
What's LUV Got to Do with This Rally; Chess Moves
With many airlines and transports in general selling off despite the broad market rally, I am going to take more advantage of it. I just covered another piece of my LUV short here at $41.13. My initial entry was last week at $43.44, followed by my $42.94 add. I took partial profits this morning, but now the stock is sinking even lower. I...
06Apr11:44 amEST
A Sultry Move in Gold; Chess Moves
I just sold down another piece of of NUGT long at $11.85 from my $10.31 entry last week to scale profits. NUGT is the triple-levered long ETF derived from the GDX, ETF for the senior gold miners. I had previously scaled part of the position into initial strength late-last week, and I am now down to 1/3 of my core position size. The original...
06Apr11:09 amEST
Still the Prey, Not the Hunter
Tesla Motors (TSLA) is up sharply along with the market this morning on reports of strong first quarter vehicle sales. For a while now, the stock has been technically weak. And that remains the case even with this morning's short squeeze. As to the issue of where we go from here, note the daily chart for TSLA, below, showing price now back to...
06Apr10:21 amEST
Taking Advantage of Turbulence; Chess Moves
After adding to the short on Thursday, I just covered half of my LUV short at $41.77 to scale gains. My initial entry was last week here at $43.44, followed by my $42.94 add. I also moved my cover-stop down to my original entry price ($43.44). The current position now equates to roughly 3% of my portfolio capital. As you know, shorting...
05Apr2:27 pmEST
Weekend Video Strategy Session 04/05/15 {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 04/06/15-04/10/15. Trade Well. Protect your portfolio at all times. -chessNwine Direct Vimeo Link - Click Here
05Apr11:50 amEST
Chart Requests from Good Friday, Part III.
On Friday, I took chart requests on for several hours, with the market closed for Good Friday. If you missed it, below are just a few of the charts I analyzed. Be sure to check out my social media feeds if you would like to see the full list of charts I covered. I hope you find them useful.
05Apr10:33 amEST
My Favorite Easter and World War II Photo
Well, that is one them, for sure. Click here for the full story behind that photo, of Technical Sergeant William E. Thomas and Private First Class Joseph Jackson preparing a gift of special “Easter Eggs” for Adolph Hitler and the German Army. Happy Easter and Happy Passover to everyone who is celebrating.
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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.
