MarketChess
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31Mar11:08 amEST
That Movie Where Schillinger Plays the Pregnant Teen's Father
Into a soft opening tape this morning, my JUNO long is threatening the cup and handle breakout we looked at yesterday. Holding over $62 is going to be this key, to be sure. Note that this biotech move is happening while my GILD short moves lower, and other titans like CELG also represent actionable short setups, breaking down from a bear flag,...
30Mar4:28 pmEST
Stock Market Recap 03/30/15 {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...
30Mar3:41 pmEST
More Than Just Teck
Teck Resources appears to be up nicely today on a report of a potential merger. On its face, it may seem like an isolated, stock-specific move. But it is also worth looking at the action in there base metals and mining firms today, including SCCO and FCX. There is some interesting strength worth discussing on my recap after the bell today in...
30Mar3:11 pmEST
Long Schillinger in Juno Terms; Chess Moves
I went long JUNO at $60.42 with a protective stop-loss below $56. The hot biotech, which IPO'd late-last year, has been working through what can be deemed a bullish cup and handle formation, seen on the daily chart, below. I am betting that the key $62 level breakout will occur this week, highlighted in light blue, up and out of the "handle,"...
30Mar1:58 pmEST
Staring Down the Masters in April
The Masters 2015 professional golf tournament is schedule to take place at Augusta National Golf Course from April 9-12th. From both a logical and seasonal perspective, Callaway Golf Company tends to perform quite well in early/mid-April, with the cold, dark winter nights giving way to more pleasant golfing weather. And on the daily chart,...
30Mar12:59 pmEST
A Musky Scent to This Announcement
With TSLA's stock sluggish again earlier today, the market apparently got what it wanted for at least a temporary short squeeze from this Elon Musk tweet . It is unlikely that TSLA bottoms on a tweet from CEO Musk. But, to be sure, the stock had become quite obviously weak and perhaps this squeeze serves to keep cocky shorts honest. On the...
30Mar12:20 pmEST
Two Stocks Only a Gossip Could Love
ALTR and P have been rumor-drive stocks of late, especially ALTR since Friday. On the ALTR 15-minute chart, first below, note the stock consolidating its buyout rumor spike quite well. Another move over $43 might be good enough for at least a day-trade long setup out of the highlighted bull flag. And P could easily sustain a violent short...
30Mar11:30 amEST
Fighting for the Good Setups
A few long ideas on further strength with solid charts: IBKR ONCE. I would also keep an eye on ICE over $240. On the other hand, I would probably still be careful with any solar longs, despite FSLR green today. YGE is falling apart again, and CSIQ may follow suit for a move lower. In general, the sector is best for day-traders until further...
30Mar10:39 amEST
A Cleansing Ritual; Chess Moves
This morning's gap higher in the market into end of month and end of quarter is enough to compel me to defend some open winning positions as well as cut away some of the laggards in my portfolio. First and foremost, the long coffee or JO ETN trade did not pan out immediately as I expected, and with JO sitting under $24, my stop-loss area, I...
29Mar2:41 pmEST
Weekend Video Strategy Session 03/29/15 {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 03/30/15-04/03/15. Trade Well. Protect your portfolio at all times. -chessNwine Direct Vimeo Link - Click Here
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“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.
