MarketChess
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12Apr2:31 pmEST
Weekend Video Strategy Session 04/12/15 {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 04/13/15-04/17/15. Trade Well. Protect your portfolio at all times. -chessNwine Direct Vimeo Link - Click Here
12Apr11:11 amEST
Getting Exotic
The monthly timeframe of the emerging markets ETF, EEM, illustrates the potential for a rotation to continue this quarter. Thus far, China has been the big winner, along with Russia, in terms of the BRIC countries comprising the EEM. In my Weekend Video Strategy Session, later today, I will flesh out this idea. To be sure, the rotation thesis...
11Apr8:41 pmEST
Saturday Night at Market Chess Cinemas
If you have not seen the sweeping film, Patton (1970), based on real-life General George S. Patton, then you are missing out on beautiful storytelling about an American legend. George C. Scott plays Patton brilliantly, with the accompanying swagger, timely smirks, and true purpose of carving out his place in military history. In...
10Apr3:55 pmEST
Capital Keeps Making The Getaway
Just when it looks as though bulls have run out of juice, we always seem to find capital rotations making "the getaway." As an example, in recent weeks we saw a rotation away from healthcare and biotechnology stocks initially, down to energy and oil services. But then money tried to flow back to the strong biotechs even as energy continued to...
10Apr3:14 pmEST
Looking for Another Good Fit
On the back of my last post about GE, Nokia might also be intriguing from a long-term perspective. Much like GE, the firm is announcing news of looking to reorganize, which could help to wake up a stock which has obviously been dead money for years now. On the monthly chart, below, note the steep multi-year downtrend. However, the stock is...
10Apr2:27 pmEST
A Wicked Long-Term Look at General Electric
After dismantling GE Capital, GE's stock is shooting up nearly 9% today. On the quarterly chart, below, we can see that the mega cap had endured two steep crashes in a span of eight years, finally bottoming out in early-2009 and taking the stairs higher ever since. The $23 level (light blue horizontal line, very key dating back many years) was...
10Apr12:30 pmEST
Say Hello to Those Hacks for Me; Chess Moves
With HACK, the cybersecurity ETF, having a good week, I went long FEYE on its own merits, too. Specifically, I went long FEYE at $42.03 with a protective stop-loss below $40. On the daily chart for FEYE, below you can see the attempt to resolve the highlighted falling channel to the upside. The stock has a fair amount of shorts in it to...
10Apr11:14 amEST
Playing the Same Notes
One main reason why I ditched my equity short exposure into the bell yesterday (individual shorts, mind you, not index shorts or long volatility), was because the small caps are playing the same tune. Specifically, to update that IWM (ETF for the Russell 2000 Index) hourly chart, below, we can see the initial breakdown from the highlighted (in...
10Apr10:39 amEST
The Big Three
If the biotech bull keeps screaming higher, BLUE ESPR JUNO are the big three technical long setups I have on watch. On their respective daily charts, below, note the tight basing action by price within the context of an established uptrend. Bears have had multiple chances to break these lower, namely ESPR, but buyers continue to step in. BLUE...
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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.
