MarketChess
Showing articles 6071 - 6080 (6579 total)
23Feb2:13 pmEST
Inversion Issues for Tesla
Tesla Motors continues to operate at the cross-section of an important technical juncture. On the one hand, the case can be made for a broad, cockeyed topping pattern (light blue lines on daily chart, below). But on the other hand, Tesla is still a super-stock from 2013 with major disruptive abilities in the auto sector. Beyond that, the stock...
23Feb1:06 pmEST
Two Early Afternoon Observations
After selling out of UGAZ on Friday at $3.50, I am looking to see if UNG (the straight-up natural gas ETF, whereas UGAZ is the triple-levered long) can now avoid a gap-fill lower, seen on the 30-minute chart, first below. If so, then a move back over $15.09 on UNG could easily see me go long again. And regarding crude oil, the USO ETF, second...
23Feb12:10 pmEST
Shots Still Shaping Up Here
The persistent strength in the likes of AAPL as well as biotechnology issues is stemming the tide of this morning's sluggish open in the broad market. Small and mid-cap biotech continue to be the preferred arena for hot money players, as well as select semiconductor stocks, ARWR CLDX and TSEM are just a few such examples. We also have recent...
23Feb11:07 amEST
Cracking Pocket Aces
Alcoa, or AA (which is slang for pocket aces in the poker world) was a short setup in my Weekend Video Strategy Session yesterday. While this market has been tough on shorts, AA is breaking down today from a well-defined setup. Specifically, price was leaning down agains that yellow line, the 200-day moving average, too may times in recent...
23Feb10:21 amEST
Connecting the Dots
The trade setup we discussed late-last week, for another round of weakness in crude oil, looks to be playing out this morning. In addition, connecting the dots to correlated assets, Russia is gapping down and energy stocks may be ripe to short, too. I have my eye on another long entry into ERY and/or RUSS, the triple-short ETFs for energy...
22Feb1:21 pmEST
Weekend Video Strategy Session 02/22/15 {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 02/23/15-02/27/15. Trade Well. Protect your portfolio at all times. -chessNwine Direct Vimeo Link - Click Here
22Feb10:45 amEST
The Real George Washington
Today is officially George Washington's birthday--The "Father of America," as he often referenced for his legendary leadership, toughness, and humility. While you enjoy your Sunday morning, and while I prepare the Weekend Video Strategy Session, soak in this well-done documentary about him.
21Feb7:10 pmEST
Saturday Night at Market Chess Cinemas
Seeing as the the 87th Academy Awards are set for tomorrow evening, let us take a look at the first-ever film to win the Academy Award for Best Picture (back then it was called "Best Picture, Production"). Wings (1927) is an American silent war film set during the First World War. The film stars a young Gary Cooper, as well as Clara Bow. The...
21Feb10:37 amEST
Pat Riley on Winning Voices
Here is a worthwhile Saturday morning video featuring the esteemed, championship NBA coach and executive, Pat Riley. On top of his basketball prowess, Riley has a reputation for his business acumen and astute leadership capabilities. As such, try to apply the topics he discusses in this video to trading and the markets.
20Feb3:47 pmEST
Against the Backdrop of Greek Theatre
As has been the modus operandi for this bull market for a good while now, any news headline or data point will suffice as an excuse to rally. Closing out this holiday-shortened week, the news of a deal between Greece and its creditors is the excuse du jour for this rally to fresh all-time highs for many of the major averages. The good news is...
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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.
