MarketChess
Showing articles 6031 - 6040 (6580 total)
02Mar3:05 pmEST
Switch-Hitting When Necessary
We may very well now have a short trade now setting up with the gold miners, into today's weakness. On the GDX ETF daily chart, below, note the mini bear flag breakdown (light blue lines) today. Gold bugs must defend that dark blue line now, which is the 50-day moving average, or I suspect shorts will regain full control in the precious metals...
02Mar2:16 pmEST
An Up-Close Look at a Position
I added to my CRTO long this morning, as noted on this site earlier today, largely due to the continued technical bullish signs. On the updated daily chart, below, note that price still has room to push higher yet before becoming even mildly overbought at the upper Bollinger Band. Furthermore, the volume pattern, at the bottom of the chart,...
02Mar1:22 pmEST
Rotating with Maturity
While nothing like we saw in the first half of 2008, some rotation into the ag names is still being seen in the current market, consistent with a maturing bull run. AGU and MOS have been as impressive as any of them, bit may be a bit tough to chase here early this week without a benign pause occurring first. BG MON POT have been disappointing...
02Mar12:00 pmEST
Fishing in a Frozen Pond
Playing bonds on the short side and looking to short the rate-sensitive sectors, such as REITs and utilities, feels a bit like the first time you try to fish in a frozen pond before you get the hang of "ice fishing." Nonetheless, the bond short will necessarily have to stay on the radar for another entry as the rate-sensitive sectors continue...
02Mar11:05 amEST
Hunting for Memorable Numbers
The Nasdaq Composite Index tagged 5,000 precisely this morning, not quite those all-time highs at 5,132 from the Dot-Com Bubble in March 2000 but a large, round number nonetheless. It is usually a controversial topic as to whether "overhead supply," or prior trapped longs now made whole when price makes a roundtrip back to that level, even...
02Mar10:15 amEST
Adding and Cutting; Chess Moves
I added to my CRTO long this morning, just over $46 from my core $45.59 entry on Friday. I now have roughly 6% of my capital in this French internet name with a solid chart, as it tries to further break higher from a tight daily timeframe price consolidation. My stop-loss is still below $43. And I sold my SOXS long, which I took Friday into...
01Mar12:41 pmEST
Weekend Video Strategy Session 03/01/15 {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 03/02/15-03/06/15. Trade Well. Protect your portfolio at all times. -chessNwine Direct Vimeo Link - click here
01Mar9:56 amEST
Sunday Matinée at Market Chess Cinemas
The Great Santini (1979) showcases Robert Duvall's legendary acting talent in his role as an domineering military father. Based on the novel of the same name by Pan Conroy, this film has stood the test of time and is worth a viewing. via imdb.com : In 1962, the Marine Corps family, the Meechums - parents Lieutenant Colonel Wilbur "Bull"...
28Feb11:59 amEST
Saturday Study Session 02/28/15 {Video}
In the the following video, I fuse educational and relevant, actionable content in the market. When Market Chess Subscription Services launch, members will have access to a steady stream of content such as this video. Enjoy the video, and enjoy your weekend. Direct Vimeo Link - click here
27Feb3:40 pmEST
Swapping Positions Into the Weekend; Chess Moves
Headed into the weekend, I went long SOXS at $11.32, with a stop-loss below $11. This is a 4% position-size, and is the triple-bearish ETF for the semiconductor sector. The top two components in the SMH ETF, INTC and TSM, are closing the week out weak, and I am betting they will lead the group lower next week. I also went and sold out of my...
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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.
