MarketChess
Showing articles 5981 - 5990 (6612 total)
16Mar2:29 pmEST
Sidestepping Danger; Chess Moves
I played TSLA on the short side earlier this year for a nice win. But I did so knowing full well the risks involved in playing a momentum darling with a charismatic CEO, not to mention a company with a cult following and a heavily-shorted stock. While that trade worked out, it looks like this one will not. Given today's move higher after CEO...
16Mar1:39 pmEST
While the Dollar Lounges Around Today...
Far be it from me to call a top to the impressive U.S. Dollar bull run since last summer. However, with the pause today in the greenback I am stalking a quick long scalp in the gold miners. Specifically, the GDX, ETF for senior gold miners, might be good for a quick long over $18.20, then $18.30. Still, miners have much to prove, and I would...
16Mar12:41 pmEST
Into Outer Space
The wildcard for this market continues to be whether we see the multi-year winning biotechnology stocks stage a "blow-off" higher before we see some type of standard correction on the S&P 500 Index. On the IBB, biotech sector ETF, quarterly chart below, note that price is pushing the upper Bollinger Band. In addition, with today's rally the...
16Mar11:50 amEST
Probing a Coffee Long; Chess Moves
I just went long JO, the ETN for coffee, at $24.07 with a protective stop-loss $22.60. As I discussed earlier this morning, coffee is outperforming virtually all commodities today. It has been disappointing after a promising first week of 2015. Still, seasonal trends are favorable and the technical setup on the daily chart, below, is for...
16Mar11:21 amEST
Squaring Up Before a Big Match; Chess Moves
I just covered up the final piece of my LVS short for a win, and my UAL short for a loss. After scaling on the way down, casinos may finally be ripe to bounce this week. Either way, the risk is too high for a sharp snapback rally in the likes of LVS WYNN here for my taste. Thus, I covered the final 10% position size in my LVS short at $52.92...
16Mar10:46 amEST
The Road Leading Up to the Fed
In front of a larger-than-usal Fed Day on Wednesday, namely due to Chair Yellen's press conference and the Fed Members' forecasts, the market is bouncing reasonably well this morning after last week's volatility. Notable laggards include premier names like FB and NFLX, though. A beaten-down name like BABA is trying to stage a snapback rally,...
15Mar1:20 pmEST
Weekend Video Strategy Session 03/15/15 {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 03/16/15-03/20/15. Trade Well. Protect your portfolio at all times. -chessNwine Direct Vimeo Link - Click Here
15Mar11:00 amEST
Peer Over the Dow
We have a big week coming up in the market, including another widely-anitipcated FOMC announcement on Wednesday. I will have full coverage of the markets in my Weekend Video Strategy Session, later today. For now, consider the Visa daily chart, below. Visa is now, by far, the most heavily-weighted Dow component. And it is therefore likely...
14Mar11:56 amEST
Saturday Night at Market Chess Cinemas
With Saint Patrick’s Day coming up this Tuesday, I suggest watching the overlooked Waking Ned Devine (1998), an entertaining comedy set in a small Irish village. The comedy centers around a lottery winner who dies of shock, while fellow townspeople devise a plan to keep, and split, the prize among themselves. The film strikes the perfect tone...
14Mar10:59 amEST
Sports Betting Legend Bill Walters
Here is a good educational piece on this Saturday regarding the Las Vegas sports betting legend, Bill Walters. The following piece was run on CBS' "60 Minutes " a few years back, and is worth a viewing on the accomplished if not controversial professional bettor. As you watch the piece, try to apply some of the concepts discussed about...
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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.
