MarketChess
Showing articles 6381 - 6390 (6600 total)
26Dec11:39 amEST
Illusions of an End of Year Treat
The 3D printing stocks have been beaten-down badly in 2014, with many of the hot money players from earlier this year taken out in body bags with one failed bounce after the next leading to lower lows. Over the past week or so, I charted SSYS as a potential year-end squeeze candidate on the long side for a quick, snapback rally. And this...
26Dec10:44 amEST
It's a Fugazi
It is often said that from failed directional moves in the market, or false breakouts, come aggressive moves in the other direction. With this in mind, we will update two charts in our ongoing analysis about whether they have just seen, in fact, false (or fugazi, as Donnie Brasco would say) breakdowns. GoPro is a chart I presented as a short...
25Dec11:22 amEST
Christmas Collage
Merry Christmas! On this day in 1776, General George Washington launches a gutsy attack and crosses the Delaware River with 5,400 troops, hoping to surprise a Hessian force celebrating Christmas at their winter quarters in Trenton, New Jersey. This was a pivotal moment during the Revolutionary War, cementing Washington's legacy to make the...
24Dec12:50 pmEST
Two Ideas to Consider Before Christmas Officially Begins
A few moments before the early close today at 1pm EST, keep an eye later this week an next week on AMZN as another short setup. On the daily chart, first below, note the potential bear wedge breakdown (yellow arrows) after a bull trap or false breakout several weeks back. AMZN remains a damaged chart in a downtrend for all of 2014. And on the...
24Dec12:14 pmEST
GoPro Trying to Use Handcuffs as Weapons During Lock-Up
After charting the recent IPO GoPro as short setup for a several weeks, the issue now becomes whether the stock has become a buy. On the updated daily chart, below, you can see the weakness late-last week down out of the highlighted bear flag failed to confirm lower. In fact, it led to a multi-day bounce this week. Beyond that, the company...
23Dec4:57 pmEST
Stock Market Recap 12/23/14 {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...
23Dec3:36 pmEST
Santa Riding Through Some Smoke in These Markets
I present the monthly of the TNX, 10-Year Treasury Yield Index, to illustrate the critical juncture rates are at as we head into 2015. As we know, bond bulls pulled off a tremendous 2014, largely seeing me hold off on bond shorts until recently. So why continue to look for the bond short? The answer can be seen in the monthly chart, below....
23Dec2:44 pmEST
Aligning for a Snapback Rally
Crude oil, energy stocks, and Russian stocks are all still in bounce-back mode off their recent swoons lower, with some of them acting better than others. As I write this, energy stocks housed in the XLE sector ETF are making fresh session highs, while crude oil (seen on the ETF's 30-minute timeframe, first below) is also strong. Russia,...
23Dec12:48 pmEST
Adding to an Open Position; Chess Moves
I added to my existing TBT long just now, at $47.38, after the core $46.46 entry noted in this blog post . My protective stop-loss is still below $45, in the event the trade turns against me. This position now represents roughly 6% of my trading portfolio capital. TBT is the ultra-short ETF for Treasuries. In essence, I am betting against...
23Dec11:34 amEST
Santa is Taking Creatine This Christmas
GNC has made a series of higher lows, seen the first daily chart below, since the summer months. This comes after a steep downtrend beginning in November 2013. Prior highs are above $60, which means it is anyone's guess as to whether the stock will unleash a new bull run. However, the progress is to be noted, on top of today's impressive...
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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.
