MarketChess
Showing articles 6221 - 6230 (6612 total)
30Jan1:09 pmEST
A Relevant and Quality Seasonality Study
Courtesy of Nautilus Research (@NautilusCap), the above chart illustrates what happens in equites after we see a negative month of January, when it comes after three or more prior years of gains . This is a focused and relevant seasonality study, which is important because it can be very easy to find erroneous, biased, and misguided...
30Jan12:25 pmEST
Join Us for a Limbo Luau Party
With HA gapping down ferociously today, I still view major airlines as setting up for shorts again. I traded AAL and UAL for wins earlier this year, but I was quick not to overstay my welcome given how resilient they have been for a while now. Still, the majors, such as AAL DAL UAL, can still be seen as short idea with defined stop-loss above...
30Jan11:43 amEST
Just Short It; Chess Moves
I went short NKE here at $92.93 with a cover-stop over $97. The position is roughly 4% of my trading capital. I am playing for a daily chart breakdown from the well-defined descending triangle (light blue lines), seen below. I am also playing for the stock's long-term, abnormally steep trend to break. Simply put, Nike has enjoyed an incredible...
30Jan10:55 amEST
Cold Weakness When There Should Have Been Warmth
Not much has changed with our ongoing analysis of the SPY chart, seen below on a zoomed-out 30-mimute timeframe. Despite the exuberance, cheered bounced we have seen along the way (purple lines) in recent weeks, each rally has simply set up the next leg down. This morning, we are seeing signs of a rollover, once again, denoted by the yellow...
29Jan5:12 pmEST
Kinda Takes the Shine off That Flush, Don't It?
To update this blog post from January 4th, the strikingly similar technical patterns in 2014 IPOs BABA and GPRO are playing out incredibly well. After earnings this morning, BABA is gapping down below well-defined support after a "throwback," or retrace up to the scene of its breakdown, just like GPRO did before flushing lower late-last year....
29Jan4:51 pmEST
Stock Market Recap 01/29/15 {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...
29Jan3:53 pmEST
Cashing Up Into the Bell; Chess Moves
Into the bell, I moved to 100% cash in front of AMZN and GOOGL earnings tonight. I sold the rest of SOXS at $14.32 from $13.99 to lock in the rest of that win after taking profits this morning. I also sold my BIS long at $40.25 from from $40.69 for a very small loss. See you after the bell for my video market recap.
29Jan2:41 pmEST
An Objective Market Look in the Dead of Winter
After scaling down my short exposure this morning and locking in hard-fought gains, the market is bouncing into the afternoon portion of the session. The hourly chart of the SPY, ETF for the S&P 500 Index, presented below, shows that buyers were willing to step in again at well-defined support (horizontal light blue line at bottom). However,...
29Jan1:30 pmEST
Gold Bears Not Drowning Yet
Today's action in the precious metals and mining complex is a good reminder in how much patience and restraint needs to be shown even when we think we have a major inflection point on our hands. In particular, the price action and volume patterns in the precious metals and miners in 2015 has thus far been quite promising. However, since the...
29Jan11:50 amEST
Closing Out the Jimmy-Two-Times Short; Chess Moves
I sold the rest of my SDS (ultra-short, or "two times" the S&P 500 Index) long at $23.26 from my $21.99 entry to lock in the rest of the win. I have other short exposure on, and the SPY (straight-up long ETF for the S&P) is back down to what should be some minor support here on the 30-minute chart, below. I my very well hop back into SDS later...
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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.
