MarketChess
Showing articles 6011 - 6020 (6600 total)
09Mar2:40 pmEST
Taking a Stab at the Dow; Chess Moves
I went long SDOW at $19.22 with a tight stop below $19. SDOW Is the ultra-bearish Dow ETF. This position is potentially a day-trade for me, depending on how it plays out in the final 60-90 minutes of the session. The theory behind the trade can be seen, below, on the DIA (Dow ETF) hourly timeframe. Note that today's AAPL/DIA rally took the...
09Mar1:40 pmEST
Update on Apple
With the Apple event taking place, let's update our shorter-term analysis of the stock we have been profiling in recent weeks. Currently, AAPL is piggybacking the Dow higher today, leading the major averages as the new kid on the block in stodgy Dow. On the hourly chart, below, we can see price threatening an upside breakout from a pattern...
09Mar12:41 pmEST
Drug-Like Properties
As a brief follow-up to my last blog post regarding BlackBerry, on the first daily chart below we can see the various spikes and subsequent fades in recent quarters for the floundering cell-phone maker. In essence, BBRY is trading like a single-drug biotechnology firm, spiking on various rumors and FDA announcements and then quickly fading and...
09Mar11:44 amEST
A Legitimate Confrontation
As the new kid on the block and clearly the hot flavor of late, AAPL is helping the Dow Jones Industrial Average to lead the market's bounce today. At the same time, the Nasdaq is lagging, even with AAPL's weighting, due to weakness in the likes of NFLX and TSLA, and benign action in PCLN. Thus, we have a bit of a confrontation on our hands, as...
09Mar11:02 amEST
Swapping One Bear for the Next; Chess Moves
With energy stocks rallying and outperforming today, potentially putting in lower swing highs across the board, I elected to step aside and sold my ERY long (triple-bearish ETF for energy stocks) just below $21 from the $20.37 entry I noted here for a win. This is a modest but worthwhile win, considering the alpha I pick up by not riding...
09Mar10:28 amEST
A Loose Aggressive Chart; Chess Moves
Into this move lower this morning, I covered half of my LVS short entered on Friday in this blog post , at $53.76 from the $55.34 entry to scale partial gains. I moved my cover-stop down to my entry price. LVS could easily just be getting started to the downside. But until we see more confirmation of a broad market correction I am going to...
08Mar2:18 pmEST
Weekend Video Strategy Session 03/08/15 {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 03/09/15-03/13/15. Trade Well. Protect your portfolio at all times. -chessNwine Direct Vimeo Link - click here
08Mar10:50 amEST
Ten Damaging Lies and Excuses Your Mind Loves to Tell You
Courtesy of the Marc and Angel Hack Life website, here are ten toxic thoughts and beliefs which can derail your progress in life. Applied to trading and the markets, it is worth noting that many a market player has gone broke through no fault of their own negative self-talk. Having a proper and healthy emotional mindset is absolutely critical...
07Mar3:21 pmEST
Saturday Night at Market Chess Cinemas
Easily one of the best detective story ever written, and adapted from the novel, The Maltese Falcon (1941) has it all. Writer/Director John Huston (a brilliant actor in his own right) sets the stage for Humphrey Bogart to take on all comers in the search for a priceless statue. A memorable performance by Peter Lorre seals the deal as this...
07Mar10:50 amEST
Reinterpreting the First Great Stock Market Crash: South Sea, Mississippi & Windhandel Bubbles
Here is some good Saturday morning education to enjoy with your coffee. via YouTube The greatest stock market bubble in history still holds lessons for today. Drawing from his financial research and objects from Yale collections, Professor William Goetzmann, Edwin J. Beinecke Professor of Finance and Management Studies, discusses the finance,...
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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.
