MarketChess
Showing articles 6311 - 6320 (6600 total)
10Jan11:08 amEST
Behavioral Finance and the Role of Psychology
Here is some Saturday morning education, via YouTube. Try to relate the concepts discussed in this video to the markets and trading. Deviating from an absolute belief in the principle of rationality, Professor Shiller elaborates on human failings and foibles. Acknowledging impulses to exploit these weaknesses, he emphasizes the role of...
09Jan3:59 pmEST
You See Helicopters Spinning?
A key part of any bullish commodities thesis is likely to hinge on the wildly-extended U.S. Dollar finally pulling back, given the inverse relationship there historically. The Dollar ETF weekly chart closed this week out with a "spinning top" candlestick. I will cover that topic and much more in my Weekend Video Strategy Session this weekend....
09Jan3:29 pmEST
Glimmer of Shine in the Cold Winter
The main reason for my new JNUG long can be found on the GDXJ (the straight-up junior gold miner ETF) daily chart, below. Note how the juniors ran higher this week to the upper Bollinger Band, rendering it overbought in the short-term (yellow arrows). But it is the circumstance under which the miners react to that overbought condition which is...
09Jan2:55 pmEST
Back in the Miners; Chess Moves
After selling NUGT SLW for wins earlier this week, I just went long JNUG, the triple-long junior gold miner ETF. JNUG is a volatile one, even more than NUGT, for example. Nonetheless, I am impressed with the bears' failure to take down the miners this week after a sharp prior run-up. I am positioning for a secondary leg higher in the precious...
09Jan2:01 pmEST
Doubling Up on the Bearish Airline Thesis; Chess Moves
I went short UAL at $65.13 with a protective cover stop-loss above $68. This is roughly 4% of my trading portfolio capital, as I am pressing the bearish airlines bet alongside my current AAL short. On the daily chart, below, note UAL leaning down against well-defined trend support (light blue line). In addition to the long-term overhead supply...
09Jan12:56 pmEST
Turbulence on the Takeoff
Even if this monthly chart for the airline index is the beginning of a new multi-year uptrend, in the coming weeks I expect overhead supply likely to be caused by the prior highs from 2002 (horizontal light blue line). I remain short AAL. But DAL UAL are also short candidates with stops above recent highs. HA LUV are also setting up as...
09Jan11:55 amEST
Back in Natty; Chess Moves
I just went long UGAZ, the triple-long natural gas ETF, at $4.07 with a protective stop-loss below $3.80. The position amounts to roughly 4% of my trading portfolio capital. I have played UGAZ for quick-hitters over the past year or two, capturing sizable pops and religious cutting it those times I was wrong for contained losses. While many...
09Jan11:09 amEST
Going Short Tesla Motors; Chess Moves
I went short TSLA at $206.55, with a protective cover-stop loss over $217. The position is 4% of my trading portfolio. My reasoning behind the trade is under the theory that this momentum darling is operating below a declining 200-day moving average and could easily have just put in a lower swing high before rolling back over. Cheaper oil could...
08Jan4:45 pmEST
Stock Market Recap 01/08/15 {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...
08Jan3:42 pmEST
Closing Out A Few Winners Into the Bell; Chess Moves
Into the closing bell, I closed out a few winning positions. I covered the rest of my GOOG short $502.93 from my original core entry above $524 and an add in the $516 handle. The stock is staging a reversal on some bad news (for the stock) today, which typically means sellers are short-term exhausted. I sold the rest of my NUGT long at $13.50...
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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.
