MarketChess
Showing articles 5811 - 5820 (6612 total)
14Apr2:02 pmEST
Still Have Bibimbap on My Mind
If the steels can sustain today's rally, I am still looking at premier Asian steelmaker POSCO (PKX) as a bottom-fishing long idea. Charlie Munger once called POSCO the best run steel firm in the world. And with the share rally in China markets of late it is hard not to at least take a look at this one. On the daily chart, below, you can see...
14Apr12:44 pmEST
Going to Need to Fight Hard for These Levels
In addition to the $62 level on biotechnology stock JUNO as being the upside trigger to clear, ESPR is needing to leave $105 in the dust. On the updated daily chart, below, note the narrowing formation in an uptrend. Still, patience is important in waiting for another setup--Just note how playing JUNO with precision has been key in recent...
14Apr11:47 amEST
Going Long Steel; Chess Moves
I went long X at $25.40 with a protective stop-loss below $24. Steel stocks are acting well this morning, and X looks ripe to squeeze the many shorts in the float. More on the steels in a bit.
14Apr11:09 amEST
John Pierpoint Morgan Versus Henry Wells
In addition to Berkshire Hathaway, JPM and WFC represent the top three holdings by weight in the XLF, financial sector ETF. After earnings the morning, JPM is moving higher out of tis recent consolidation, albeit off the morning highs, while WFC could easily be breaking down, seen respectively on their daily charts, below. At issue is whether...
13Apr9:29 pmEST
Details About Market Chess Subscription Services
I. Mission Statement and Purpose My goal and purpose with the coming launch of Market Chess Subscription Services is to deliver tremendous value to self-directed market players (of all backgrounds, abilities, and experience levels) at a reasonable price. I am offering you a steady stream of actionable ideas, real-time trades for shorter and...
13Apr4:42 pmEST
Stock Market Recap 04/13/15 {Video}
Please Note: Market Chess Subscription Services Will Launch This Thursday Night with a One-Time Discount for the First Sign-Ups. More Details to Come Soon. 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...
13Apr3:50 pmEST
A Quick Shift; Chess Moves
Into the bell, I sold my TMV long (bond short) at $26.90 from my $27.20 entry for a small loss, and rotated it over to the rate-sensitive utes. Specifically, I went short XLU at $44.26 with a stop-lossover $46. I charted the weak XLU earlier today and will discuss it after the bell in my recap. I think it stands a better chance than the bond...
13Apr3:07 pmEST
A Handle to Make You Unhinged
While there are certainly plenty of pop-du-jour stocks in this tape, such as BLDR today, for example, there are also frustratingly squishy breakouts, such as that of JUNO. I played JUNO on the long side and sold into the initial pop over $62 resistance, out of the cup-and-handle bullish setup outlined on the first daily chart, below. But now...
13Apr1:50 pmEST
A Brief Appearance
The bear claws briefly came out around noontime on the east coast, with the small caps in the Russell 2000 Index fading off prior all-time highs. In the event bears actually do some damage, here are two short setups I have posted before and will follow-up on now. FNSR and VLO look to be losing some support, and have room to drop before...
13Apr1:09 pmEST
The Last Good Blockbuster Night
It has been a while since we " made it a Blockbuster night ," as the ascent of Netflix has done its part of creative destruction over the last decade or two. On the monthly chart of NFLX, gapping up with authority today and squeezing the many shorts in the name, we can observe several factors on this timeframe. First, the lower light blue,...
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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.
