Monthly Archives: April 2015
Showing articles 81 - 90 (139 total)
10Apr3:55 pmEST
Capital Keeps Making The Getaway
Just when it looks as though bulls have run out of juice, we always seem to find capital rotations making "the getaway." As an example, in recent weeks we saw a rotation away from healthcare and biotechnology stocks initially, down to energy and oil services. But then money tried to flow back to the strong biotechs even as energy continued to...
10Apr3:14 pmEST
Looking for Another Good Fit
On the back of my last post about GE, Nokia might also be intriguing from a long-term perspective. Much like GE, the firm is announcing news of looking to reorganize, which could help to wake up a stock which has obviously been dead money for years now. On the monthly chart, below, note the steep multi-year downtrend. However, the stock is...
10Apr2:27 pmEST
A Wicked Long-Term Look at General Electric
After dismantling GE Capital, GE's stock is shooting up nearly 9% today. On the quarterly chart, below, we can see that the mega cap had endured two steep crashes in a span of eight years, finally bottoming out in early-2009 and taking the stairs higher ever since. The $23 level (light blue horizontal line, very key dating back many years) was...
10Apr12:30 pmEST
Say Hello to Those Hacks for Me; Chess Moves
With HACK, the cybersecurity ETF, having a good week, I went long FEYE on its own merits, too. Specifically, I went long FEYE at $42.03 with a protective stop-loss below $40. On the daily chart for FEYE, below you can see the attempt to resolve the highlighted falling channel to the upside. The stock has a fair amount of shorts in it to...
10Apr11:14 amEST
Playing the Same Notes
One main reason why I ditched my equity short exposure into the bell yesterday (individual shorts, mind you, not index shorts or long volatility), was because the small caps are playing the same tune. Specifically, to update that IWM (ETF for the Russell 2000 Index) hourly chart, below, we can see the initial breakdown from the highlighted (in...
10Apr10:39 amEST
The Big Three
If the biotech bull keeps screaming higher, BLUE ESPR JUNO are the big three technical long setups I have on watch. On their respective daily charts, below, note the tight basing action by price within the context of an established uptrend. Bears have had multiple chances to break these lower, namely ESPR, but buyers continue to step in. BLUE...
09Apr4:33 pmEST
Stock Market Recap 04/09/15 {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...
09Apr3:54 pmEST
Cutting Dead Weight Into the Bell; Chess Moves
Into the bell, I covered up my AAPL CP MA shorts for small losses, basically 1-2% each. I was not playing them to eat up capital as the market churns buyers and sellers, but rather to see immediate downside. That didn't happen, at least soon enough for me, so I decided to cut and move on. As it stands, I am long TMV as it looks as though bond...
09Apr3:14 pmEST
A Backdoor Cover in Vegas
Following-up on my long WYNN idea from the Weekend Video Strategy Session, other major casinos could also be ripe for a so-bad-they-might-be-good-for-a-bounce trade. MPEL is up more than 5% and LVS is up more than 4% as I write this. But MGM could be the play, seen on the daily chart, below, not yet at its upper Bollinger Band (indicative of...
09Apr2:31 pmEST
Time to Act; Chess Moves
As per my earlier analysis, I went long TMV, the triple-bearish ETF of Treasuries, just above $27.20 earlier with a protective stop-loss below $26. I am playing for Treasuries to follow the REITs in the IYR ETF lower, keying off of TLT's recent consolidation, too. Simply put, this bet is that rates will rise while bond prices fall, along with...
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“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.
