MarketChess
Showing articles 6561 - 6570 (6647 total)
29Nov11:54 amEST
Bethlehem Steel, The People Who Built America
Here is a good Saturday documentary about how one of the dominant firms in American history rose to prominence and contributed to the nation's success.
28Nov8:36 pmEST
Stop Giving Away Your Power as a Person
“Remember that failure is an event, not a person.” -Zig Ziglar If you cannot take losses, and especially numerous small losses, then you cannot trade over the long-run. That is pretty much my philosophy when it comes to the market, as losses are inevitable in the same way that even the best baseball hitters are successful only 30% of the time....
28Nov11:38 amEST
Two Competitive Plays for the Holiday Shopping Season
BONT NILE are two laggard retail plays which could easily see more of a bid into Christmas. With Black Friday upon us, both stocks are acting well today. BONT is a beaten-down chart and trying to move up off the "right side" of a long, potential base bottom. And NILE is still potentially bull-flagging under well-defined $37 resistance. Keep an...
28Nov10:19 amEST
Locking in Some Fast Gains; Chess Moves
With energy stocks immediately getting pounded after my ERY purchase on Wednesday (ERY is the triple-short ETF for the energy sector), I find myself up a large percentage move in a very brief period of time. As a result, and due to the XLE gapping free and clear below its daily chart Bollinger Band (below), thus rendering it quite oversold...
28Nov12:22 amEST
Late Night Strategy for Friday
With crude oil getting drilled over Thanksgiving break, I expect my ERY long (triple-short the energy sector stocks) to do well on Friday. I may consider adding to the position, discussed in more detail in this blog post on Wednesday, if dip-buyers get stuffed on bounce attempts. As for bottom-fishing crude oil itself, there is no doubt...
27Nov5:14 pmEST
Accompaniments to Your Thanksgiving Dinner
First, here is some relaxing music to have on with your Thanksgiving dinner. In addition, here is a great graphic from Deadspin with every state's most distinct Thanksgiving dish. I will be back later tonight with commentary on the swoon in crude oil futures. Enjoy yourselves!
27Nov9:29 amEST
Turkey Talk
Happy Thanksgiving morning! Putting politics to one side, here was an interesting radio bit that Michael Savage did on how to prepare the Thanksgiving turkey, as well as other food talk for this Festivus day of feasting.
26Nov4:24 pmEST
Stock Market Recap 11/26/14 {Video}
The following video contains coverage of relevant broad market issues, as well as plenty of actionable trading ideas across all asset classes. Enjoy tonight's video, and enjoy your evening. HAVE A HAPPY, HEALTHY, AND SAFE THANKSGIVING! Direct Vimeo Link Click Here
26Nov2:17 pmEST
Drillers Getting Drilled; Chess Moves
With the weakness in many energy names persisting today, I went long ERY (the triple-short energy sector ETF) at $18.32. I placed 4% of my trading portfolio into this position, with a protective stop-loss below $17 if I am wrong. Energy stocks have shown relative weakness for a while now, along with crude oil. I have seen plenty of...
26Nov12:25 pmEST
Ready for Round Two
Here is a quick update for another potential entry into UGAZ, the triple-long natural gas ETF. On the UNG daily chart, below, of the straight-up natty ETF, you can see that today's session has seen some wild price swings with the inventory report. Still, it is impressive to see bulls hold the key $22 level I have been observing. If the...
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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.
