MarketChess
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14Feb10:55 amEST
Educational and Actionable Ebola Analysis {Video}
In the the following video, I focus on the strength late-last week in Ebola plays, APT LAKE, while framing it in the broader context of fusing educational and actionable content. When Market Chess Subscription Services launch, members will have access to a steady stream of content like this video. Enjoy the video, and have a happy...
13Feb3:41 pmEST
Opting for a Peaceful Long Holiday Weekend; Chess Moves
After a solid week, with my seminal trade being the big long UGAZ win, I am opting to move back to flat into the long, holiday weekend with Presidents' Day on Monday closing the market for the full session. As such, I sold my USLV long at $24.15 from my earlier $24.49 entry for a small loss, less than 2%. I did not like the fade this afternoon...
13Feb2:17 pmEST
Well-Defined Friday Afternoon Trade Ideas
This afternoon I am looking to see if natural gas, on the UNG daily chart ETF first below, can break up and out of the 20-day moving average (orange line). As you can see, it has been "gnawing away" at it. Perhaps I may take another shot at UGAZ today or next week if it does break higher. And crude may be setting up as a short again, off that...
13Feb1:25 pmEST
Socially Awkward
Despite the resurgence of top holding LNKD, the SOCL - ETF for social media stocks - looks suspiciously weak here. To be sure, other components have formed a mixed bag. But Facebook, a top three holding in the SOCL ETF, continues to struggle after a well-define rising wedge breakdown, highlighted in light blue on the updated daily chart,...
13Feb12:37 pmEST
Working a New Trade; Chess Moves
I just went long USLV, the triple-long silver ETF, at $24.49 with a protective stop-loss below $23. This is roughly a 4% position in my trading portfolio. As I discussed in my last blog post, silver is leading the charge higher in the precious metals and mining space today. Into the long holiday weekend, with markets closed on Monday for...
13Feb11:32 amEST
The Last Good Stand: Precious Metals and Miners
The breakout in silver this morning, highlighted on the daily chart ETF below, is just what the doctor ordered for gold bugs given the weak action following last Friday's jobs number. When we see the chart from a broad perspective, note that this recent low likely marks the last stand for bulls to try to enforce a major bottoming formation,...
13Feb10:38 amEST
More Vision to the Situation
I posted the following chart of Treasuries on Stocktwits last night, the daily timeframe for the TLT ETF. The chart seemed to garner much interest, as the bond market appears to be at some critical juncture. The main issue on this rising wedge breakdown is whether it would be another routine pullback in an otherwise ferocious bull market,...
12Feb4:31 pmEST
Stock Market Recap 02/12/15 {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 video, and...
12Feb3:31 pmEST
Patience in the Casino
After closing out the big UGAZ win yesterday, I do not need to force myself to chase equities higher today. I have been largely busy this afternoon organizing plans for the Market Chess Subscription Services, currently being designed. The hot names in the tape have gapped higher today, consistent with this market, such as CYBR, making it tough...
12Feb2:23 pmEST
The Big Apple
Apple continues to be a huge weight in the Nasdaq and derivative ETFs and, accordingly, has helped the Nazzy perform well of late given the stock's near-parabolic move. On the daily chart, below, we can see the stock now touching its upper Bollinger Band, indicative of temporary overbought conditions. If this is, truly, the beginning of a...
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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.
