MarketChess
Showing articles 6191 - 6200 (6636 total)
10Feb11:58 amEST
Scaling Some More Natty; Chess Moves
To quickly update my last post, I sold another piece of my UGAZ long here at $2.83 from the $2.51 entry yesterday. My stop is still at my entry price. I now have roughly 1/3 of the position size on from the original. As for my other positions, the SRS long is working reasonably well as rates move higher in recent weeks. NKE is rallying up...
10Feb11:03 amEST
Trimming Some Fast Gains; Chess Moves
I sold half of my UGAZ long just now, at $2.75 from my $2.51 entry yesterday noted in this blog post . Natural gas staged a solid move higher overnight and into this morning, even as crude comes in a bit. So, I am going to lock in some immediate gains. I moved my protective stop-loss up to my entry price to protect the win. Elsewhere, small...
10Feb10:15 amEST
The Ideal Brain Tonic
After earnings this morning, Coca-Cola is gapping higher. Overall, powerhouse brand and defensive consumer staple is coming to terms with prior all-time highs from 1998. Give the one-way ascent off the 2009 lows, I expect risk/reward to the upside to be unattractive in the coming weeks, if not months. A move below $40 may very well trigger a...
09Feb4:43 pmEST
Stock Market Recap 02/09/15 {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...
09Feb3:36 pmEST
Adding and Initiating; Chess Moves
Into the bell, I added to my open BIS (ultra-short biotech ETF) long, at $42.26 from my $41.79 entry last Friday. My stop-loss is still below $40. The position is now roughly 6% of my capital. I also took another stab at natural gas, by going long UGAZ at $2.51 with a protective stop-loss below $2.40. Natty is acting well today, and I still...
09Feb3:09 pmEST
By the Oil Book
After its recent snapback rally, crude oil is seeing a reversal lower today. On the USO ETF daily chart, below, note the upper Bollinger Band asserting itself yet again. Furthermore that declining 50-day moving average is coming into play, as you might imagine in a downtrend. As I have noted before, crude remains mired in a bear market (price...
09Feb1:43 pmEST
Scoping Out Changes
While Treasuries are bouncing mildly today in the wake of last week's first real bond market sell-off in quite some time, two rate-sensitive sectors are not responding to buyers. Both REITs and utilities, seen below on their respective sector ETF daily charts, are in the red and have yet to find eager dip-buyers, despite the sharp selling...
09Feb12:46 pmEST
All the Action in a Small House
The 10-minute chart of the SPY, actively-traded ETF for the S&P 500 Index, highlights in light blue the sideways action we have seen today off the reversal lower last Friday afternoon. Short-term traders can use this chart as a roadmap in terms of taking directional scalps for the rest of today's session. $205.64 is the level to watch above,...
09Feb12:01 pmEST
Cut Them Down as They Reach for the Sky
A major key for my current biotechnology sector short, via long BIS, is going to be the performance of individual component, Biogen (BIIB). Bingen has essentially appreciated from $40 to over $400 per share since 2009, quite an impressive move indeed considering this is a large cap biotech. And not only is Biogen a large cap biotech, but it is...
09Feb11:09 amEST
Lining Up a Focused Shot
Silver and natural gas have my eye this morning, with silver bouncing back impressively from Friday's post-jobs number drubbing of the precious metals and miners. And natty is still trying to find at least a tradable bounce of its own after crude did as much in recent weeks. One of the hallmarks for the precious metals and miners in 2015 has...
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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.
