MarketChess
Showing articles 6551 - 6560 (6634 total)
28Nov10:19 amEST
Locking in Some Fast Gains; Chess Moves
With energy stocks immediately getting pounded after my ERY purchase on Wednesday (ERY is the triple-short ETF for the energy sector), I find myself up a large percentage move in a very brief period of time. As a result, and due to the XLE gapping free and clear below its daily chart Bollinger Band (below), thus rendering it quite oversold...
28Nov12:22 amEST
Late Night Strategy for Friday
With crude oil getting drilled over Thanksgiving break, I expect my ERY long (triple-short the energy sector stocks) to do well on Friday. I may consider adding to the position, discussed in more detail in this blog post on Wednesday, if dip-buyers get stuffed on bounce attempts. As for bottom-fishing crude oil itself, there is no doubt...
27Nov5:14 pmEST
Accompaniments to Your Thanksgiving Dinner
First, here is some relaxing music to have on with your Thanksgiving dinner. In addition, here is a great graphic from Deadspin with every state's most distinct Thanksgiving dish. I will be back later tonight with commentary on the swoon in crude oil futures. Enjoy yourselves!
27Nov9:29 amEST
Turkey Talk
Happy Thanksgiving morning! Putting politics to one side, here was an interesting radio bit that Michael Savage did on how to prepare the Thanksgiving turkey, as well as other food talk for this Festivus day of feasting.
26Nov4:24 pmEST
Stock Market Recap 11/26/14 {Video}
The following video contains coverage of relevant broad market issues, as well as plenty of actionable trading ideas across all asset classes. Enjoy tonight's video, and enjoy your evening. HAVE A HAPPY, HEALTHY, AND SAFE THANKSGIVING! Direct Vimeo Link Click Here
26Nov2:17 pmEST
Drillers Getting Drilled; Chess Moves
With the weakness in many energy names persisting today, I went long ERY (the triple-short energy sector ETF) at $18.32. I placed 4% of my trading portfolio into this position, with a protective stop-loss below $17 if I am wrong. Energy stocks have shown relative weakness for a while now, along with crude oil. I have seen plenty of...
26Nov12:25 pmEST
Ready for Round Two
Here is a quick update for another potential entry into UGAZ, the triple-long natural gas ETF. On the UNG daily chart, below, of the straight-up natty ETF, you can see that today's session has seen some wild price swings with the inventory report. Still, it is impressive to see bulls hold the key $22 level I have been observing. If the...
26Nov10:43 amEST
Ideas Before the Thanksgiving Festivities Begin
HAIN has been a long setup mentioned here for several days now, and the 30-minute chart, first below, shows a nice breakout and subsequent high/tight bull flag consolidation. Watch it over $112.50 for more upside. WYNN is still a short setup, particularly if it breaks $176, below, seen on the second daily chart. In addition, holiday week long...
26Nov10:05 amEST
The Way I See it, Everybody Takes a Loss Sometimes; Chess Moves
With the resurgent strength in Facebook, I elected to cover my short position, which was 6% of my portfolio, at $76.27 from $74.09 and $73.62 entries for a loss. The short looked promising, but buyers defended the potential breakdown in the near-term. The stock is up against a 50-day moving average, however, and my be back in my short radar if...
26Nov12:31 amEST
Late Night Strategy for Wednesday
Both RUSL and JNUG, the triple-long ETF's for Russia and the junior gold miners, respectively, will undergo the notorious reverse split on December 23rd . That news reminds me of some actionable ideas for Wednesday. I am viewing JNUG as a long idea if GDXJ (the straight-up junior gold miner ETF) can clear $29. 80 above. Meanwhile, Russia is...
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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.
