Chart Requests from Good Friday

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.

04Apr8:17 pmEST

Saturday Night at Market Chess Cinemas

Whereas Band of Brothers (2001) deservedly received much attention and praise for its ten-part portrayal on HBO of the real-life "Easy Company" paratroopers on the western front in World War II, The Pacific (2010) is decidedly underrated. The Pacific was HBO's follow-up to Band of Brothers, chronicling the Marines during America's battle...

04Apr3:05 pmEST

Chart Requests from Good Friday, Part II.

Yesterday on Stocktwits and Twitter I took chart requests 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.

04Apr11:40 amEST

Chart Requests from Good Friday

Yesterday on Stocktwits and Twitter I took chart requests 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.