MarketChess
Showing articles 6301 - 6310 (6580 total)
08Jan2:48 pmEST
Russia: You Think You Can Break Me?
The strength in equities as a whole is palpable this afternoon, with the indices pushing fresh session highs as I write this. I am not inclined to chase longs, nor put on index shorts, just yet. I suspect sometime tomorrow or perhaps a Monday morning gap higher will see a better short entry if this truly is a mere reflex rally within an ongoing...
08Jan1:49 pmEST
Rock Salt Jayhawk for a Defensive Winter
While natural gas seems be on everyone's mind regarding the spell of cold weather this winter, CMP is the maker of rock salt, another likely beneficiary of the wintry mix (rock salt is used for removal of ice from roads). On the weekly chart, below, note the very long basing pattern as the stock shows impressive buying. A move over $92, the $98...
08Jan12:54 pmEST
Here is the Throwback
Exuberant bounces within ongoing corrections are the rule, not the exception. And, typically, they set up the next leg down. However, we know this bull market, especially since 2013, has featured the new "rule" being V-shape rallies to fresh highs, throwing a wrench in the historical mode of analysis. Nonetheless, the Apple daily chart, first...
08Jan11:34 amEST
Gearing Up for Another Attack
Despite what seems like many traders looking to fade the move in the precious metals and miners this week, the consolidations across the board in the complex have generally been benign, thus far. We know how volatile the complex has been, however, which means not assuming anything is also an integral part of managing risk in all trades taken....
08Jan10:32 amEST
Locking in Part of the Google Short; Chess Moves
With GOOG red while the market is surging higher, again, I am electing to cover part of my GOOG short here at $497.50 to lock in partial gains. I entered the short up at $524.41 for my core position, and added to it at $516.46 (see this post ). I moved my stop-loss down to my core entry for the rest of my position. Google now looks to be...
07Jan5:06 pmEST
Stock Market Recap 01/07/15 {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...
07Jan3:45 pmEST
Looking for the Next Score
Into the bell, the small caps (seen on the updated 30-minute ETF chart, first below) are still wedging higher form our earlier analysis. The strength in the IBB, biotechnology sector ETF, is keeping me from trying index shorts for now, even on the Russell 2000. And gold miners are not closing so well today, seen on the GDX 30-minute chart,...
07Jan2:32 pmEST
Biding My Time After the Post-Minutes Ride
After the FOMC Minutes, the Dow is up nearly 200 points, with small caps slightly underperforming. As far as my open positions are concerned, I still see a decent consolidation day in the precious metals and miners (I am long NUGT SLW from lower prices). My equity shorts: AAL GOOG LOW V, are a mixed bag. LOW V are putting some heat on me, but...
07Jan1:40 pmEST
Jump for Chuy if This Stock is Bottoming
Amid lower oil and gas prices, plenty of restaurant stocks have been hot. CHUY has not been one of them, however. The most obvious commentary would be to immediately shun the stock as a loser and worthy of a short, based on this underperformance alone. After all, if the stock cannot rally when its peers are amid improved consumer confidence and...
07Jan12:19 pmEST
When the Stars Align with the Structure
Unlike the TWTR rumor yesterday with a broken chart, DKS is spiking up today out of a better chart on rumors it is going private. DKS is a long idea we have been looking for about a week now, discussed in recent videos. As long as it holds over $51 I view the move as a bullish breakout, assuming it continues to trade and does not go private....
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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.
