MarketChess
Showing articles 6091 - 6100 (6636 total)
02Mar11:05 amEST
Hunting for Memorable Numbers
The Nasdaq Composite Index tagged 5,000 precisely this morning, not quite those all-time highs at 5,132 from the Dot-Com Bubble in March 2000 but a large, round number nonetheless. It is usually a controversial topic as to whether "overhead supply," or prior trapped longs now made whole when price makes a roundtrip back to that level, even...
02Mar10:15 amEST
Adding and Cutting; Chess Moves
I added to my CRTO long this morning, just over $46 from my core $45.59 entry on Friday. I now have roughly 6% of my capital in this French internet name with a solid chart, as it tries to further break higher from a tight daily timeframe price consolidation. My stop-loss is still below $43. And I sold my SOXS long, which I took Friday into...
01Mar12:41 pmEST
Weekend Video Strategy Session 03/01/15 {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 03/02/15-03/06/15. Trade Well. Protect your portfolio at all times. -chessNwine Direct Vimeo Link - click here
01Mar9:56 amEST
Sunday Matinée at Market Chess Cinemas
The Great Santini (1979) showcases Robert Duvall's legendary acting talent in his role as an domineering military father. Based on the novel of the same name by Pan Conroy, this film has stood the test of time and is worth a viewing. via imdb.com : In 1962, the Marine Corps family, the Meechums - parents Lieutenant Colonel Wilbur "Bull"...
28Feb11:59 amEST
Saturday Study Session 02/28/15 {Video}
In the the following video, I fuse educational and relevant, actionable content in the market. When Market Chess Subscription Services launch, members will have access to a steady stream of content such as this video. Enjoy the video, and enjoy your weekend. Direct Vimeo Link - click here
27Feb3:40 pmEST
Swapping Positions Into the Weekend; Chess Moves
Headed into the weekend, I went long SOXS at $11.32, with a stop-loss below $11. This is a 4% position-size, and is the triple-bearish ETF for the semiconductor sector. The top two components in the SMH ETF, INTC and TSM, are closing the week out weak, and I am betting they will lead the group lower next week. I also went and sold out of my...
27Feb3:00 pmEST
Trapping the Big Cat with a Chase; Chess Moves
I just went short the giant global industrial player, Caterpillar, at $83.03, with a protective cover-stop over $86. This position amounts to roughly 4% of my trading portfolio capital. The big CAT has been weak on the whole since around Thanksgiving of last year. But that weakness has been covered up by the chase happening in the market...
27Feb2:07 pmEST
Close to Solving the Mystery
As a follow-up to my previous blog posts and video analysis about the gold miners likely being in the final round of a heavyweight fight before they either cement a major bottom or resume their bear market lower, consider three of the top holdings in the GDX, ETF for senior gold miners. ABX is close to trying to confirm a massive inverse head...
27Feb1:11 pmEST
Playing a Quality Setup; Chess Moves
I just went long CRTO at $45.59 with a protective stop-loss below $43, looking to swing trade a breakout in this bullish technical setup which we have been looking at in recent weeks. This position amounts to roughly 4% of my portfolio capital. CRTO is a French internet firm which has shown signs of being under accumulation of late, gauging...
27Feb12:15 pmEST
A Win is a Win is a Win; Chess Moves
After entering UGA, the gasoline ETF, back on Wednesday at $36.63 for a long trade, I just sold the other half of my position for about a two-point win. As I noted, this was a smaller position size due to how thinly UGA trades at times. However, a win is a win. And after two big wins in UGAZ in recent weeks, recognizing the rotation into...
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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.
