MarketChess
Showing articles 6071 - 6080 (6600 total)
26Feb12:56 pmEST
A Close-Up Look at Apple
On a shorter-term timeframe, seen on the 10-minute chart below, AAPL is worth watching to see if that $130.30 area now acts as resistance after previous holding as support yesterday. Of course, known your timeframe as a trader is so critical to this type of analysis. Longer-term holders can ignore that levels. But active traders should pay...
26Feb11:45 amEST
Dawn of a New Regime
While Treasuries have bounced back a bit to an important level (the underside of the 50-day moving average on the TLT ETF, for example), rate-sensitive sectors within equities continue to show more signs of changing character from bullish to at least corrective. On the XLU daily chart, ETF for utilities, note the latest steep uptrend has been...
26Feb11:06 amEST
Leave Off the Last Z for Savings; Chess Moves
I hope you can see why I am so careful in playing the levered ETFs like UGAZ, judging the action this morning after the inventory report. UNG could not hold the $14.90 initial upside breakout level earlier this week, and now UGAZ is getting pounded as the triple-long natural gas ETF after the inventory report this morning, down more than 13% as...
26Feb10:22 amEST
Sizing Up a Squeeze
The 3D printing plays have been good examples of the risks associated with momentum even in the most ferocious of bull markets. Indeed, momentum cuts both ways. And the major averages hitting one new all-time high after the next has been little consolation for longs in the likes of DDD PRLB SSYS VJET XONE over the past year or so. Nonetheless,...
25Feb4:33 pmEST
Stock Market Recap 02/25/15 {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...
25Feb3:38 pmEST
Final Round in a Heavyweight Fight
For all of the trials and tribulations, gaps to either direction, volatility, calls for crashes, head-fakes and false breakdowns, the junior gold miners have been moving overall sideways since last October. The issue is whether they are near the end of a "right shoulder" for a major inverse head and shoulders bottom, highlighted below on the...
25Feb2:56 pmEST
Driving Down the Road to Perdition; Chess Moves
I went long SQQQ at $25.27 with a tight stop-loss below $25 for a potential day-trade, shorting the Q's on the AAPL weakness. SQQQ is a ultra-bearish levered ETF derived from the Nasdaq-100. I may very well turn this into a swing trade, though, depending how the final hour plays out today. So stay tuned. This position amounts to roughly 4% of...
25Feb2:13 pmEST
Still Climbing the Snow
The market is still grinding higher this afternoon, even with AAPL finally seeing a touch of profit-taking and down roughly 1.7% as I write this. PCLN is more than picking up the slack, though, following-through after its earnings gap higher. PCYC and many biotechs are doing their usual reversal higher, though the XBI downside reversal...
25Feb1:03 pmEST
Going Long the University of Georgia; Chess Moves
I went long a small position in the UGA (which also happens to be the shortened form for the University of Georgia) ETF earlier today at $36.63. Because this is a thinly-traded ETF , I am a using a much lighter position size, roughly 1% of capital. If you are not comfortable trading thin ETFs, please skip down to my chart for the educational...
25Feb12:22 pmEST
Three Stocks on the Right Track
In addition to the short ideas we are watching, three long setups which continue to be attractive are: CRTO OVAS TTPH. I want to see a bit more strength above recent highs for long triggers. But, as you can see on their respective daily charts, below, all three are basing tightly within the context of established technical uptrends (price...
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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.
