MarketChess
Showing articles 6311 - 6320 (6613 total)
13Jan11:21 amEST
Tempted By the Forbidden Fruit
Going after the falling knife that is crude oil remains a tough trade, as USO was mildly green this morning and is now back to being down more than 1%. While I am tempted to go long UCO or even UWTI as levered-long crude ETFs, the daily chart for the USO (straight-up crude oil ETF) shows a steep but orderly decline lower. Typically, some type...
13Jan10:36 amEST
More Changes for the Better
The first susbstantive blog post for this website was back in early/mid-November here , where I described the subtle changes taking place in the precious metals and mining complex. While the road has been sloppy, which should have come as a surprise to no one, those changes for the better continue to take hold. My USLV long, the...
12Jan4:59 pmEST
Stock Market Recap 01/12/15 {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...
12Jan3:43 pmEST
Next Case!
Despite a gap down in the natural gas trade, which I quickly cut out of this morning, it was a good day of trading with the big JNUG win, AAL LOW TSLA V gains on the short side, and a winning UVXY Day-trade long (I did stop out of the final piece at around breakeven after scaling a win initially). Equities, as a whole, suffered more selling...
12Jan2:57 pmEST
The Best Nation in the World is Rotation; Chess Moves
First and foremost, I scaled off a piece of my UVXY long at at $29.14 from $28.32 entry earlier today noted here . I trailed up my stop-loss to my entry price. Next, I went long USLV at $22.26. USLV is the triple-long silver ETF. With the big run-up in the gold miners today, especially our juniors in JNUG, I am playing for some rotation...
12Jan2:09 pmEST
More Scaling, More Trailing; Chess Moves
For the sake of discipline, I scaled off another small piece of my JNUG long at $42.30 just now, from Friday's $35.59 entry noted here , and prior gains I locked in this morning at $39.33 in this blog post . I now have a small "runner' position left on, just in case the miners go completely bonkers to the upside and shock the world this...
12Jan1:36 pmEST
In for a Quickie; Chess Moves
I went long UVXY, the ultra-long volatility ETF, at $28.32 with a protective stop-loss below $27. This position is about 4% of my capital. And I may very well day-trade it before the session is over. Volatility did a good job of digesting its morning gap up without giving much back, seen on the 30-minute chart, below. I am playing for an uptick...
12Jan12:39 pmEST
A Tough But Worthwhile Race
Shorting Tesla feels like a race against time, in some respects, as the super stock can explode higher at any moment with its charismatic CEO and cutting edge concept and brand. Still, even super stocks feature sharp corrections along the way, which is precisely what I am playing for at the moment. I have largely avoided shorting Tesla in...
12Jan11:21 amEST
Scale and Trail, Baby. Scale and Trail; Chess Moves
With GDXJ (and JNUG) now quickly hitting it upper daily chart Bollinger Band, I am now up big on my JNUG long in a very short period of time with overbought conditions in play. I still think the junior gold miners can lead the precious complex higher. But discipline is forcing me to scale partial gains here, at $39.33 from Friday's $35.59 entry...
12Jan10:34 amEST
Ride the Winners, Cut the Loser; Chess Moves
On the whole, it is a good morning for my portfolio, with AAL TSLA UAL shorts working nicely to the downside while my JNUG long is moving well upside. However, a sore spot is the performance in natural gas, which stopped me out above $3.60 on the UGAZ ETF for a loss from my $4.07 entry the other day. Natty is a volatile one, and this move down...
FOLLOW chessNwine
MARKET CHESS SUBSCRIPTION SERVICES
Full-Length Video Recaps & Strategy Sessions
Private Twitter Feed Access
Custom Videos Tailored to You
chessNwine HAS BEEN SEEN ON
Top Pages
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.
