MarketChess
Showing articles 6291 - 6300 (6635 total)
21Jan3:17 pmEST
Simply Trading What I See; Chess Moves
I am long TMV here, at $26.44, with a protective stop-loss below $25. TMV is the triple-bearish ETF for Treasuries, which means I am betting against U.S. bonds. This is not a macro trade, nor a trade for or against Central Bankers around the world. Instead, I am simply trading what I see on that TLT chart I presented to you earlier today. On...
21Jan1:45 pmEST
A Frigid Winter for Big Blue
Not much has changed for major Dow component IBM from a technical standpoint, as "Big Blue" is still battling a confirmed topping pattern on the monthly chart, projecting a move down to roughly $130, as I have written about before. After earnings, though, it is worth revisiting the chart just to drive home a point that there still seems to be...
21Jan12:37 pmEST
One Time!
I continue to patiently wait for a more textbook short setup in the runaway market known as Treasuries. On the TLT hourly chart, below, the light blue lines illustrate a potential rising wedge breakdown. Thus, for the first time in a while, I am interested in shorting bonds again via a long TBT or TMV position (the double and triple short bond...
21Jan11:37 amEST
Scoping Out My Next Catch
After some sizable wins and only a few small losses to kick off 2015 I am back to 100% cash. The Russia short I day-traded (and sold into the bell, noted on this blog) yesterday would have gone against me this morning, as oil and Russia are bouncing after an early ECB release. In addition, a faulty AMZN rumor hit the tape, causing some...
21Jan10:02 amEST
Doing the Sensible Thing; Chess Moves
I sold the final piece of my NUGT long here at $20.92 from my $16.88 entry in this blog post to lock in the rest of a good win. I took gains along the way and used the strength at the opening bell to sell. I am back to 100% cash now, likely waiting for some better spots to get involved. I still think precious metals and miners are acting...
20Jan4:42 pmEST
Stock Market Recap 01/20/15 {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...
20Jan3:47 pmEST
Pressing the Eject Button Into the Bell; Chess Moves
I decided to sell my RUSS long for break-even into the close. I am not looking to take overnight risk without much profit cushion there, especially with the headline risks associated with Russia. I may, however, revisit the position tomorrow. I am back to being long solely NUGT, a final piece of a winning position. Ideally, for me, gold miners...
20Jan3:00 pmEST
Reversal of Fortune
The market reversed higher abruptly this afternoon, after drifting in the red for much of the day. Shorting U.S. equites remains a tricky endeavor--You can see how quick I was to trade around my shorts in recent weeks, closing them out late-Friday. As it stands now, we have NFLX earnings after the bell this evening, and the ECB on Thursday....
20Jan2:27 pmEST
Hitting Russia Right in the Goldeneye; Chess Moves
With oil remaining weak and vulnerable to washing out again, I went short Russia as a proxy. Specifically, I went long RUSS (the triple- short Russia ETF) at $24.60 for a potential day-trade , may swing overnight. My protective stop-loss is below $23, though I may cut it sooner if it goes against me. This trade is roughly 4% of my trading...
20Jan1:06 pmEST
Don't Miss the Train at These Two Stations
First and foremost, I still see plenty of "holding and hoping" from crude oil longs, despite another gap down today. While shorting crude down here is a tough trade, I am not so sure we have seen that true sentiment shift toward fear, panic, then apathy, which we typically see at a bottom. Thus, I continue to remain flat in the crude oil...
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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.
