MarketChess
Showing articles 6431 - 6440 (6601 total)
15Dec3:50 pmEST
Moving Through the Commodity Complex; Chess Moves
After selling above $25 to scale partial gains, my ultra-long gold position, DGP, has come cratering down today. With a small loss now, I sold the final piece of the position at $23.90 from my $24.12 entry. The loss is quite small. And considering I got out with wins in NUGT early last week and the first piece of DGP, I am pleased to have...
15Dec2:38 pmEST
Consumer Names Trashed at Your Discretion
In addition to consumer discretionary industries like the major casinos, LVS MGM WYNN, all getting trashed of late and sporting multi-user topping patterns confirmed, the major auto firms continue to deteriorate. After grinding, multi-week rallies, both Ford and GM are showing signs of rolling back over, all within the context of a broken...
15Dec1:26 pmEST
One Eye on the Red Army
While Russia crashes, via the RSX country ETF down more than 10% today after a prior steep downtrend, energy stocks in the XLE are valiantly trying to hold green. Catching the falling knife in Russia is tempting, via a RUSL play, but we are not there yet. Ideally, a gap down tomorrow would set up a more viable long in this situation. But, for...
15Dec12:01 pmEST
Let's Get Ready to Rumble This Afternoon
The close today on the Russell 2000 Index is going to be a critical one, perhaps are significant a daily close the Russell has had to contend with in quite some time. For a while now, that 1,150 area on the Russell has been providing support, converging with several key daily chart major moving averages. However, the small caps in the Russell...
15Dec10:55 amEST
Bounces Getting the Swipe Left Treatment
A moderate gap higher in the market has been soundly faded, with the major averages flashing back to nearly flat as I write this. When crude oil, as well as Russia in the RSX ETF, not to mention names like GPRO, cannot even muster an oversold bounce worth a dime it is likely indicative of a changing market climate. Indeed, this may be one of...
15Dec12:12 amEST
Late Night Strategy for Monday
Futures are pointing towards a bounce in the market. If that holds, SONC is a long idea on strength over $27.50. On the first daily chart, below, the fast food play has been in a potent uptrend for a while now, basing well above all major moving averages. But if the broad market bounce fails to hold and the selling resumes, then I still think...
14Dec3:04 pmEST
Weekend Market Film Session 12/14/14 {Video}
The following video contains coverage of the broad market, as well as tons of actionable trading ideas for equities and other markets regarding the coming week of 12/15/2014-12/19/2014. Trade Well. Protect your portfolio at all times. -chessNwine Direct Vimeo Link Click Here
14Dec11:30 amEST
Mark Douglas: Mind Over Market Interview
Here we have a good interview to watch on this Sunday morning with Mark Douglas, the accomplished, trader, mentor, and author.
13Dec12:33 pmEST
Saturday Night at Market Chess Cinemas
The late, great Director Robert Altman's The Player (1992) is a steamy and stylish crime/drama/comedy all rolled into one. The film features Tim Robbins (pictured above) as a big-shot Hollywood film studio executive. Robbins' character spends much of the film trying to figure out which writer, whose script he had rejected, is sending him...
13Dec1:17 amEST
Big Changes Are Coming and They're Justified
The series finale of Justified on FX Networks, easily one of the best shows on television, is not the only big thing happening in early-2015. Stay tuned for details in the coming weeks about some exciting changes coming to Market Chess early next year...
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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.
