MarketChess
Showing articles 6101 - 6110 (6636 total)
27Feb10:58 amEST
No Longer Between the Hedges
I am considering selling the final piece of my UGA ("University of Georgia") long, which is the ETF for gasoline. As I noted when I initiated the position, my sizing was smaller than usual because the ETF trades thinly in terms of volumes. Nonetheless, a profit is a profit. And at this point the ETF is no longer "between the hedges" as price...
27Feb10:11 amEST
Remnants of Old Fear
Although the financial crisis is a distant memory for most by now, especially considering the magnitude of this bull run amid relatively low volatility, Bank of America seems to have remnants of that old fear. Specifically, on the zoomed-out weekly chart, below, we can see that price found resistance at prior support from July 2008, which...
26Feb4:23 pmEST
Stock Market Recap 02/26/15 {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...
26Feb3:42 pmEST
More Trades Into the Bell; Chess Moves
I cut my AKS long at $4.45 from my $4.52 entry for a loss, as the rotation thesis down to those materials did not pan out immediately as I thought it would. So, once again, I will keep losses quite small. I also went long TBT, the ultra-short ETF for Treasuries, at $43.73 with a protective stop-loss below $42. Bonds could still be bear-flaggng...
26Feb2:49 pmEST
Digging in the Dirt; Chess Moves
I am digging in and getting my hands dirty here, going long FAZ, the triple-bearish ETF for the financial sector. Specifically, I went long FAZ at $12.34 with a protective stop-loss below $12, playing for the financials in the XLF ETF to make a lower swing high. This position amounts to roughly 4% of my trading portfolio capital. As we had...
26Feb2:15 pmEST
Not All It's Cracked Up to Be
Yesterday's upside reversal in crude was sharp enough to see me sell my ERY (triple-short energy sector ETF) for about a 1% loss. However, the reversal did not follow-through and was not all it was cracked up to be. Crude is back to sloppy trading from a swing perspective today, as UWTI, the triple-long ETF, is down more than 12% as I write...
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,...
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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.
