MarketChess
Showing articles 6361 - 6370 (6634 total)
07Jan3:45 pmEST
Looking for the Next Score
Into the bell, the small caps (seen on the updated 30-minute ETF chart, first below) are still wedging higher form our earlier analysis. The strength in the IBB, biotechnology sector ETF, is keeping me from trying index shorts for now, even on the Russell 2000. And gold miners are not closing so well today, seen on the GDX 30-minute chart,...
07Jan2:32 pmEST
Biding My Time After the Post-Minutes Ride
After the FOMC Minutes, the Dow is up nearly 200 points, with small caps slightly underperforming. As far as my open positions are concerned, I still see a decent consolidation day in the precious metals and miners (I am long NUGT SLW from lower prices). My equity shorts: AAL GOOG LOW V, are a mixed bag. LOW V are putting some heat on me, but...
07Jan1:40 pmEST
Jump for Chuy if This Stock is Bottoming
Amid lower oil and gas prices, plenty of restaurant stocks have been hot. CHUY has not been one of them, however. The most obvious commentary would be to immediately shun the stock as a loser and worthy of a short, based on this underperformance alone. After all, if the stock cannot rally when its peers are amid improved consumer confidence and...
07Jan12:19 pmEST
When the Stars Align with the Structure
Unlike the TWTR rumor yesterday with a broken chart, DKS is spiking up today out of a better chart on rumors it is going private. DKS is a long idea we have been looking for about a week now, discussed in recent videos. As long as it holds over $51 I view the move as a bullish breakout, assuming it continues to trade and does not go private....
07Jan11:19 amEST
Stairway Down
I present the 30-minute chart for the small cap ETF, IWM, illustrating the lower highs and lower highs for the Russell 2000 Index stocks dating back to New Year's Eve. The current bounce since yesterday looks to be a mere bear flag, but shorts need to keep an open mind that it may fail to resolve lower, much like the RSX (Russia ETF) failed...
07Jan10:38 amEST
About Those Sexy Rumors...
Just a reminder that for every sexy rumor we hear, such as about TWTR yesterday , most of them turn out to be duds practically designed for you to get hustled out of your knee-jerk call buying sprees. This morning, TWTR is seeing some selling at its declining 50-day moving average, with its CEO selling a chunk of shares. The stock remains in...
06Jan4:42 pmEST
Stock Market Recap 01/06/15 {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...
06Jan2:34 pmEST
Update on My Positions and the Market
With some profit cushion on my AAL GOOG LOW V shorts at the moment, I am standing pat with equity shorts. While I am tempted to keep adding to them, I can see the market staging a brief bounce before heading lower. So, I am staying patient and methodical. In addition, my NUGT SLW longs are picking up significant alpha in this market, thus far...
06Jan2:11 pmEST
Solving the Coffee Problem
After a spectacular first several months of 2014 and countless reports of favorable fundamentals, the coffee commodity has since settled into a whippy range. The issue is whether we see a resumption of the impressive strength from early last year, or instead if it was an aberration in an otherwise multi-year downtrend. On the weekly chart for...
06Jan11:38 amEST
In the Company of Adult Trading
Any levered ETF is effectively trading in "adult swim" territory, long or short, equities or commodities, due to the high beta and gapping nature of the instruments. Thus, "buy and hold" philosophies for them can be deemed a disaster waiting to happen, due to the decaying nature of many of them, on top of the price swings and volatility....
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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.
