MarketChess
Showing articles 6541 - 6550 (6601 total)
24Nov12:03 amEST
Late Night Strategy for Monday
Major copper miner (with some gold exposure) Freeport-McMoran saw a nice gap higher on Friday from beaten-down conditions dating back to the stock's swoon, beginning in July. On the weekly timeframe, below, you can see the pair of bottoming "hammer" reversal candlesticks printed back in June 2013 as well as earlier this month. Freeport is...
23Nov2:12 pmEST
Weekend Market Film Session 11/23/14 {Video}
The following video contains coverage of the broad market, as well as tons of actionable trading ideas for equities and other markets regarding the coming week of 11/24/2014-11/28/2014. Trade Well. Protect your portfolio at all times. -chessNwine Direct Vimeo Link Click Here
22Nov8:40 pmEST
Saturday Night at Market Chess Cinemas
I referenced Divorce Italian Style (1961) in a blog post last week. So, let's go with the official recommendation tonight for this fine piece of Italian cinema. Divorce Italian Style (oppure Divorzio all'italiana in italiano) is an in-your-face comedy starring the great Marcello Mastroianni as a married Sicilian baron plotting to kill...
22Nov8:27 pmEST
Bill Ackman: Everything You Need to Know About Finance & Investing in Under an Hour
Here is one worth posting every now and then, for educational purposes, on a Saturday. Enjoy your weekend.
22Nov10:06 amEST
New Movie Trailers
Some upcoming movies to be on watch for this holiday season and beyond...
21Nov3:06 pmEST
Countdown to Rio 2016
With the 2016 Summer Olympics coming up in Rio, one of my long-term investment ideas has been the Brazilian utility giant CPL, dividend to boot. Emerging markets have had a volatile autumn. However, lost in the shuffle today with the market fading off the morning highs and many marquee names like FB NFLX PCLN TSLA red or near-red is the...
21Nov2:06 pmEST
QQQ Devices
The Nasdaq ETF, QQQ, came down for an entire gap-fill from this morning's pop. but is still mildly in the green as I write this. Many chasers on the long side from the morning gap-up appear to be underwater, while I retain my short FB position from $74.09. As you can see on the daily chart, below, Facebook continues to "lean down" against...
21Nov1:01 pmEST
At the End of the Stormy Rainbow
The newfound resilience in the precious metals and miners complex continues to impress, with each sell-off being met with buyers willing to stem the tide. To be sure, this represents some change in character from what we had previously seen in the space, with each bounce not only getting sold into but also following-through much lower. Into the...
21Nov11:07 amEST
Photobombing the Market's Rally
With global Central Banks still one-upping each other, the Japanese Yen has been pummeled in recent months. Typically, the Yen trades inversely to global risk assets. And this Yen weakness has certainly been a tailwind for equity bulls. Nonetheless, the Yen is strong today, with the FXY ETF showing today's green action, below. Of course, you...
21Nov10:08 amEST
Cutting Two Losers: Chess Moves
I sold down two losers into the market's gap higher from the overnight surprise rate cut out of China. I sold my FAZ (triple-short financials) long at $13.70 from a $14.04 entry. And I sold the SWHC long @ $9.84 from my $10.06 entry. As is my style, I keep focused on containing those losing trades, so that when I do come across big winners like...
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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.
