MarketChess

Showing articles 6511 - 6520 (6634 total)

06Dec12:09 amEST

How Much Does the Stock Market Move During the Day?

Very cool video courtesy of @nanexllc on Twitter. X-Axis is hour of day between 0 and 24 (midnight to midnight Eastern Time) Y-Axis is price change in percent from 1 hour ago. Each line shows how much the stock market moves (in percent) over the last hour during 1 trading day. The price of the active S&P 500 futures contract (the EMini) is used...

05Dec3:42 pmEST

The Last Good Train Ride; Chess Moves

Headed into the weekend, I placed 4% of my trading portfolio capital into a short Union Pacific position, at $118.73, with a cover-stop over $124. I playing for the stock to at least hit $110, if not lower, before earnings in late-January 2015. I have shorted this multi-year winning mega rail a few times in recent quarters with mixed results....

05Dec1:46 pmEST

The Two Lane Rising Channel Highway

We have an interesting split in the market right now, with premier Nasdaq names like Tesla Motors sporting a clear weekly chart rising wedge breakdown, first below. TSLA's stock has been sluggish for a while now, and buyers may finally be throwing in the towel short-term as upside momentum has been set on fire. Meanwhile, financials are...

05Dec12:31 pmEST

Looking for the Old School Sexy

In Texas hold 'em poker, the term "sexy" is slang, used as a noun to describe the act of slow-playing a hand on "the river," or after all of the community cards have been dealt. Instead of betting your hand in one of the first positions to act, you instead "check" to your opponent(s) with the intention of raising once the action gets back...

05Dec11:06 amEST

Update on Two Market Chess-Style Ideas

YELP has been a consistent short setup I have charted in recent weeks. This is a textbook broken chart which needs technical and psychological help before having a chance to heal itself. Note how price is operating below major, declining moving averages. This morning, YELP appears to be breaking down from the highlighted descending triangle...

05Dec12:28 amEST

Late Night Strategy for Friday

Now that natural gas is back to being hated and very oversold, seen below its lower Bollinger Band on the UNG ETF daily chart below, I am considering a long UGAZ trade again if we see a gap lower on Friday morning. This would be a rare knife-catch for me. But I believe it may be worth the effort, with a firm stop-loss, given the sharp decline...

04Dec4:47 pmEST

Stock Market Recap 12/04/14 {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...

04Dec3:44 pmEST

Seeing the Short Side Line Up Well

I am seeing plenty of shorts setting up, including F GM, and of course major casinos like LVS MGM WYNN. In addition ERY remains at the top of my list. And TZA is on the radar to short the small caps. Simply put, I am still not seeing a good amount of actionable long ideas, beyond a few casual dining plays or mid-cap biotechs. I am flat here,...

04Dec2:53 pmEST

GoPro Heading Underwater

One "tell" that momentum in a bull market is running low is when we see the recent-IPOs begin to lose their luster. Names like LOCO MBLY have been good example of this phenomenon of late, even if DGLY is rallying with headlines. GPRO is another example of a hot recent-IPO which has been soft even as the market made it way back to the highs in...

04Dec1:31 pmEST

Someone Has to Win the Fight

Whenever you see a period of price consolidation, or compression, on a chart, it tends to indicate that some type of disagreement is taking place between buyers and sellers. As an example, we may see a series of lower highs, but also higher lows. And thus the disagreement. These disagreements can be of the quiet, mild variety, or they can be...

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