MarketChess
Showing articles 5781 - 5790 (6599 total)
16Apr3:45 pmEST
Turning the Page; Chess Moves
Headed into the launch of Market Chess Subscription Services tonight (more on this in my video market recap after the bell), I am wiping some positions clean. I sold the remainder of my X long at $26.29 from my $25.40 to lock in the rest of that win after scaling most of it higher yesterday. I sold my HL long at $3.25 from my $3.32 entry for...
16Apr2:38 pmEST
Once You Go Ack, You Never Go Back
As the Herbalife saga continues, it is interesting to see the long-term chart responding to plain vanilla technical analysis. Specifically, on the monthly chart, first below, not much has changed since I posted it over the winter on Stocktwits. Just as stock responded to prior highs (upper light blue line) after enjoying a vicious squeeze...
16Apr1:16 pmEST
Still a Big Burden Overhead
Although the rally in crude, energy stocks, and many materials names has been spirited, fast, and highly unpleasant for shorts pressing at recent lows, the chart of Wynn Resorts may prove to be a good lesson from a technical perspective. It goes without saying that WYNN is not an energy or materials firm. But it was sold almost as aggressively...
16Apr12:28 pmEST
Two Stocks Finding Comfort in Today's Market
Along the lines of the DATA long idea, with $101 being the nut to crack just above, PANW is another good tech firm with an impressive chart to boot, first below on the daily timeframe. Note the tight, sideways basing pattern. I suspect another move over $148 in a cooperative broad market for breakout plays should set in motion an upside...
16Apr11:25 amEST
Fatherly Advice to Juno
After yesterday's gap higher above the major $62 breakout level, biotech JUNO pulled back into it this morning. On the hourly chart, below, we can see the multiple breakout attempts which initially failed. However, buyers did not entirely give up the ghost either, as price stayed within contention of breaking higher yet. Specifically, if...
16Apr10:18 amEST
Watch Duke if the Bond Crazies Start Winning
The top holding in the XLU, ETF for utilities, is Duke Energy, comprising more than 9% of it. I remain short XLU outright, at $44.26 with a cover-stop over $46. Regarding DUK, they do not report earnings until May 1st. And gauging the daily chart, below, we can see that like most "utes" it is struggling below its 200-day moving average and at...
15Apr4:35 pmEST
Stock Market Recap 04/15/15 {Video}
Please Note : Market Chess Subscription Services Will Launch Tomorrow Evening, Thursday, April 16th, with a One-Time Discount for the First Sign-Ups. I discuss the features and the pricing for the services at the top of tonight's video, below. Enjoy tonight's video, and enjoy your evening. Direct Vimeo Link - Click Here
15Apr3:48 pmEST
Interesting Spot for Netflix Into Earnings Tonight
Although I am not much of an earnings gambler, I do think it is interesting to see NFLX right back to its prior highs as it heads into earnings after market close tonight. The weekly chart, below, illustrates as much. Perhaps the stock is in a holding pattern and will use the report as an excuse to gap above or below this critical level. ...
15Apr3:18 pmEST
Down to a Runner; Chess Moves
With the stock continuing to squeeze, I sold another piece of my X long here at $27.58 from my $25.40 entry yesterday to scale more gains. I am now down to about 25% of my original position size with a stop at my entry to protect the win. As tempting as it is to press for a higher move, the fact remains that the energy, materials, and steels...
15Apr2:15 pmEST
Playing the Relatives; Chess Moves
While the GDX and GDXJ ETFs (for the senior and junior gold miners, respectively) negotiate their 50-day moving averages from the underside, I a electing to play a relative strength name in the group. I wart long HL at $3.32 with a stop-loss below $3.10 on a closing basis. HL is a top two holding in the GDXJ ETF. While it is low-priced, the...
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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.
