Monthly Archives: April 2015
Showing articles 71 - 80 (139 total)
13Apr3:07 pmEST
A Handle to Make You Unhinged
While there are certainly plenty of pop-du-jour stocks in this tape, such as BLDR today, for example, there are also frustratingly squishy breakouts, such as that of JUNO. I played JUNO on the long side and sold into the initial pop over $62 resistance, out of the cup-and-handle bullish setup outlined on the first daily chart, below. But now...
13Apr1:50 pmEST
A Brief Appearance
The bear claws briefly came out around noontime on the east coast, with the small caps in the Russell 2000 Index fading off prior all-time highs. In the event bears actually do some damage, here are two short setups I have posted before and will follow-up on now. FNSR and VLO look to be losing some support, and have room to drop before...
13Apr1:09 pmEST
The Last Good Blockbuster Night
It has been a while since we " made it a Blockbuster night ," as the ascent of Netflix has done its part of creative destruction over the last decade or two. On the monthly chart of NFLX, gapping up with authority today and squeezing the many shorts in the name, we can observe several factors on this timeframe. First, the lower light blue,...
13Apr11:51 amEST
Good Service at These Two Restaurants
RRGB continues to be as strong as any casual dining stock, seen potentially turning up, yet again, on the first daily chart, below. This is a low float/heavy short squeeze potential play, to boot, especially over $88. And BBRG (along with CHUY) represents a potential turnaround story in the group, a laggard trying to catch up to the winners in...
13Apr11:02 amEST
Looking Upwards
The S&P 500 Index has now rallied back to the top rail of the narrowing consolidation we have been observing in my videos of late, with the light blue lines denoting lower highs but higher lows. 2,114 and 2,119 are still key to breach above to make a higher swing high. But bulls have obviously made progress in recent sessions. Two names acting...
13Apr10:14 amEST
A Good Topping or Not
In order for my current short in Treasuries to work, I will likely have to see both the rate-sensitive REITs in the IYR ETF and utilities in the XLU succumb to another leg down. As we have been observing for a while now, the IYR and XLU have notably lagged the market of late. On the updated XLU daily chart, below, the highlighted pennant...
12Apr2:31 pmEST
Weekend Video Strategy Session 04/12/15 {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 04/13/15-04/17/15. Trade Well. Protect your portfolio at all times. -chessNwine Direct Vimeo Link - Click Here
12Apr11:11 amEST
Getting Exotic
The monthly timeframe of the emerging markets ETF, EEM, illustrates the potential for a rotation to continue this quarter. Thus far, China has been the big winner, along with Russia, in terms of the BRIC countries comprising the EEM. In my Weekend Video Strategy Session, later today, I will flesh out this idea. To be sure, the rotation thesis...
11Apr8:41 pmEST
Saturday Night at Market Chess Cinemas
If you have not seen the sweeping film, Patton (1970), based on real-life General George S. Patton, then you are missing out on beautiful storytelling about an American legend. George C. Scott plays Patton brilliantly, with the accompanying swagger, timely smirks, and true purpose of carving out his place in military history. In...
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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.
