MarketChess
Showing articles 6011 - 6020 (6579 total)
05Mar12:32 pmEST
Pressing for Lethargic Energy Stocks; Chess Moves
I am pressing the energy stocks, housed in the XLE ETF, to resume their downtrend and defy the many calls for a major bottom in place. As a result, I went long ERY, the triple-bearish ETF for energy stocks, at $20.37 with a protective cover-stop below $19.50. This position amounts to roughly 4% of my trading portfolio capital. Keying off the...
05Mar11:50 amEST
Delta Skidding Off the Topping Pattern
With news of a Delta Airlines flight skidding off the runway at LaGuardia Airport, closing it in the snow, let us take a look at the DAL chart. And when we do, we have a solid short setup now watch, threatening to skid off the topping pattern highlighted on the daily chart, below. I view a move under $44.30 as being a viable initial short...
05Mar10:41 amEST
Back to Switch-Hitting; Chess Moves
I just closed out the rest of my DUST long above $15.10 from the $14.61 entry the other day. Gold miners seem to be wanting to reverse today after some recent weakness. And considering the strength in the U.S. Dollar, the reversal is all the reason I need to take down the rest of this win. As I stated before, I may very well reverse the trade...
04Mar4:18 pmEST
Stock Market Recap 03/04/15 {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...
04Mar3:05 pmEST
Going After Prized Real Estate; Chess Moves
I just went long SRS, which is the double-bearish ETF for the commercial real estate stocks (REITs). I went long at $12.03 with a protective stop-loss below $11.50. This position equates to roughly 4% of my trading portfolio capital. The top individual holdings to watch with respect to this play are: SPG AMT CCI. In my view, all three, and...
04Mar2:23 pmEST
Keeping the Count with Apple
It is still worth keeping tabs on AAPL, given how heavily it is weighted in the Nasdaq, as well as the stock's remarkable performance of late. On the updated 30-minute chart, below, note that price has reached the apex/nadir of the triangle pattern I have highlighted in light blue. With $130.30 lost last week (a key short-term level), $128.30...
04Mar1:05 pmEST
Switch-Hitting with Confidence; Chess Moves
After previously scaling gains, I just sold more of my DUST (the triple-short ETF for the gold miners in the GDX) long at $15.66 from my $14.61 entry posted yesterday. My stop-loss is at my entry to prevent a winner from turning into a loser. I am down to about 1/4 of the size of my original position, which was 4% of my trading portfolio...
04Mar12:13 pmEST
Waiting to See Their True Colors
Two trade setups I am watching can be found below. I am also short CAT, seen on the first daily chart. But I am looking to add to my bet if the stock can now churn a bit at its lower Bollinger Band on the highlighted (in purple) triangle breakdown. If so, I am considering an add to the bearish bet to play for an eventual break of the key $80...
04Mar11:13 amEST
The Impenetrable Fort Biotech
With the IBB ETF flipping green this morning, bears continue to struggle even in a down tape to crack those leading, winning, if not steep, biotechnology stocks which have been on a tear for several years now. Until that changes, I am likely to keep my shorts focused on individual stocks, and when I do short sectors and indices I will have one...
04Mar10:31 amEST
Surviving the Dust Bowl; Chess Moves
After scaling an initial piece yesterday, I just sold more of my DUST (triple-bearish ETF betting against the gold miners in the GDX) long above $15.50 from my posted $14.61 entry yesterday. I am now down to a 1/2 sized position in DUST, moving my stop-loss up to my entry price. As we discussed previously, when GDX lost its 50-day moving...
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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.
