MarketChess
Showing articles 6271 - 6280 (6600 total)
17Jan12:24 pmEST
Gold Shorts Stuck in the DUST Bowl
After being so vocal for so long, precious metals and miners bears have been noticeably quiet of late. In this business, it sure is easy to be in cheerful spirits and brimming with confidence with things are going well. But when the tide changes, it is usually only then that we see whether the confidence is true or instead is a thinly-veiled...
17Jan12:16 pmEST
The Panic of 1893 with Lawrence Reed
On this Saturday of a long, holiday weekend, it is worth relaxing and watching the following video. It features a fascinating and educational lecture about the Panic of 1893, courtesy of Lawrence Reed.
16Jan3:44 pmEST
Flattening Out After a Winning Week; Chess Moves
It has been a very profitable several weeks of trading for me in 2015, thus far, after a solid 2014. I am off to a strong start and have decided to flatten out into the long, holiday weekend. I covered all of my equity shorts, as I am not going to press into a myriad of potential headlines (or lack thereof) over the long weekend. I could easily...
16Jan1:53 pmEST
Closing Out the Visa Short; Chess Moves
With Visa hugging its lower daily chart Bollinger Band, I elected to close out the rest of the short for a modest win into the long weekend. I covered the rest of the short at $253.38 from my $260.30 entry noted here . As for my open positions, I still have a trailer on my winning NUGT long, and my AAL F UAL shorts look promising, while the...
16Jan11:56 amEST
An Aerial View of the Market
We have a modest bounce going in the indices this morning. After scaling a big win in NUGT earlier, I have a mixed bag with my shorts. AAL UAL V are performing well for me, while the biotech resilience is pressuring my BIS (ultra-short biotech sector) long. LOW is also being stubborn up here, too. Depending on whether the bounce gains steam...
16Jan10:23 amEST
I Win My Battles Papa Smurf-Style; Chess Moves
After a big win in the little (junior gold miner 3x long ETF) JNUG early this week, I just sold half of my "Papa Smurf" senior gold miner ETF, long NUGT, at $18.96 from the $16.88 entry I noted yesterday in real-time in this blog post . I moved my stop-loss up to my entry price--Still "scaling and trailing" those winning positions to manage...
15Jan5:35 pmEST
Stock Market Recap 01/15/15 {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...
15Jan3:10 pmEST
I Think I Can Short Ford; Chess Moves
I went short Ford here at $14.91, with a cover-stop above $15.80. I am playing for breakdown on all timeframes. With retail sales slumping, and big ticket-related items like homebuilders getting hit hard, too, I think going after the large auto-maker makes sense. In addition, the technicals are there to take a shot on the short side. Ford has...
15Jan1:53 pmEST
A Battle Worth Fighting; Chess Moves
I went long BIS at $43.85 with a stop-loss below $41.50. BIS is the ultra-short biotechnology sector, which means I am now shorting biotech as a group. Some of the biggest components in the ETF are: AMGN BIIB CELG GILD, among others. Biotech has been a hot and crowded long trade for a while. Shorting the space has been particularly ominous...
15Jan1:10 pmEST
Scale and Trail, Scale and Trail; Chess Moves
I covered a piece of my FB short here at $74.32 from the $76.22 entry noted in this blog post yesterday to lock in gains. I am trailing stop down to entry on rest of the position. It was roughly 4% of my portfolio, and now is a little over 2% of my trading portfolio capital. The FB daily chart, seen below, shows price now hitting the lower...
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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.
