MarketChess
Showing articles 6101 - 6110 (6600 total)
20Feb3:47 pmEST
Against the Backdrop of Greek Theatre
As has been the modus operandi for this bull market for a good while now, any news headline or data point will suffice as an excuse to rally. Closing out this holiday-shortened week, the news of a deal between Greece and its creditors is the excuse du jour for this rally to fresh all-time highs for many of the major averages. The good news is...
20Feb3:16 pmEST
Two More Actionable Ideas as the Market Chugs Along
With the ONCE and VVUS long ideas from earlier working well in the biotechnology sector, here are two others which are coiled nicely into next week. Both BLUE and RARE are biotech we have observed before, prior to their rallies several months back. But now they figured to be setting up again. Note their daily charts, respectively below, basing...
20Feb2:01 pmEST
Staying Opportunistic
After closing out my UGAZ long earlier today, I am debating a crude oil short trade over the weekend. Whereas natural gas was ripe for a snapback rally over the last two weeks, crude oil already had its relief rally and may be close to rolling back over to continue its bear market. DWTI would be my preferred trading vehicle, the triple-short...
20Feb12:19 pmEST
Locking in Another Big Natty Win; Chess Moves
I just sold the final 1/3 of my long UGAZ position here at $3.50 from my $3.04 entry on Tuesday of this week to lock in the rest of the win. For the second time in two weeks, I seem to have been in stride with natural gas, playing that triple-long UGAZ ETF for a nice win. As it stands, UNG, the straight-up natty ETF, is back at its upper...
20Feb11:34 amEST
Ideas in Case We Go Back to the Future
In the event we do see a "blow-off," parabolic move higher in the biotechnology sector which takes us back to the future like the dot-com bubble in 2000, then it is of course worth watching prospective biotechs which could get going. While most of these charts are not my ideal setups, it still merits watching the likes of ARNA ONCE VVUS. ONCE...
20Feb10:51 amEST
Two Peas in a Pod
With the merger of Burger King and Tim Horton's, the ticker symbol QSR comprises those two peas in a pod. On the daily chart, below, we have a young new chart with which to work. But we know that casual and many fast food plays have been extremely hot of late. And Burger King and Tim Horton's could be a powerful North American combination. As...
19Feb4:34 pmEST
Stock Market Recap 02/19/15 {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...
19Feb3:32 pmEST
Closing Out Two Positions; Chess Moves
I decided to close out the rest of my ERY long here at $18.40 from my $18.15 entry yesterday to lock in the rest of the win. I took partial profits above $19 this morning, as posted. But energy stocks and crude are putting up a fight today off of the morning weakness. As such, I am opting to close out the trade and look for a possible reentry...
19Feb2:45 pmEST
Two Delicious Charts This Afternoon
DATA continues to impress on the long side, seen basing "high and tight" on the first daily chart, below. This is a tech firm we have been looking at for a while now, performing well on a relative and absolute basis. And CHUY has cleared that $23 level to the upside, now in gap-fill territory higher. This is another name we have looked at...
19Feb1:12 pmEST
Diminishing Returns on Monetary Gadgets
Although still slightly green year-to-date, the bond market is showing some subtle changes in character. On the TLT daily chart, first below, for Treasuries, note the failure of bulls to immediately buy that pullback to the 50-day moving average after the highlighted (in light blue) rising wedge broke lower. Bond bulls have had a ferocious run...
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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.
