MarketChess
Showing articles 6351 - 6360 (6647 total)
12Jan1:36 pmEST
In for a Quickie; Chess Moves
I went long UVXY, the ultra-long volatility ETF, at $28.32 with a protective stop-loss below $27. This position is about 4% of my capital. And I may very well day-trade it before the session is over. Volatility did a good job of digesting its morning gap up without giving much back, seen on the 30-minute chart, below. I am playing for an uptick...
12Jan12:39 pmEST
A Tough But Worthwhile Race
Shorting Tesla feels like a race against time, in some respects, as the super stock can explode higher at any moment with its charismatic CEO and cutting edge concept and brand. Still, even super stocks feature sharp corrections along the way, which is precisely what I am playing for at the moment. I have largely avoided shorting Tesla in...
12Jan11:21 amEST
Scale and Trail, Baby. Scale and Trail; Chess Moves
With GDXJ (and JNUG) now quickly hitting it upper daily chart Bollinger Band, I am now up big on my JNUG long in a very short period of time with overbought conditions in play. I still think the junior gold miners can lead the precious complex higher. But discipline is forcing me to scale partial gains here, at $39.33 from Friday's $35.59 entry...
12Jan10:34 amEST
Ride the Winners, Cut the Loser; Chess Moves
On the whole, it is a good morning for my portfolio, with AAL TSLA UAL shorts working nicely to the downside while my JNUG long is moving well upside. However, a sore spot is the performance in natural gas, which stopped me out above $3.60 on the UGAZ ETF for a loss from my $4.07 entry the other day. Natty is a volatile one, and this move down...
11Jan2:53 pmEST
Weekend Video Strategy Session 01/11/15 {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 01/12/15-01/16/2015. Trade Well. Protect your portfolio at all times. -chessNwine Direct Vimeo Link Click Here
11Jan12:04 pmEST
Coffee Brewing Season
As we discussed last week, and as I delve into further later today in my Weekend Video Strategy Session, coffee is off to anther strong start. It surged in early-2014, and looking at the seasonality, courtesy of David Stendahl , the stars are aligned for another good move in the first quarter. More on this later today in the video.
10Jan3:24 pmEST
Saturday Night at Market Chess Cinemas
Your Friends & Neighbors (1998) was writer/director Neil LaBute’s follow-up to his debut hit of In the Company of Men (1997), a tremendous film which I recommended here and periodically reference in my posts. This time around, Aaron Eckhart (who played the legendary Chad Piercewell in LaBute’s debut) plays the pathetic schlub. However,...
10Jan11:08 amEST
Behavioral Finance and the Role of Psychology
Here is some Saturday morning education, via YouTube. Try to relate the concepts discussed in this video to the markets and trading. Deviating from an absolute belief in the principle of rationality, Professor Shiller elaborates on human failings and foibles. Acknowledging impulses to exploit these weaknesses, he emphasizes the role of...
09Jan3:59 pmEST
You See Helicopters Spinning?
A key part of any bullish commodities thesis is likely to hinge on the wildly-extended U.S. Dollar finally pulling back, given the inverse relationship there historically. The Dollar ETF weekly chart closed this week out with a "spinning top" candlestick. I will cover that topic and much more in my Weekend Video Strategy Session this weekend....
09Jan3:29 pmEST
Glimmer of Shine in the Cold Winter
The main reason for my new JNUG long can be found on the GDXJ (the straight-up junior gold miner ETF) daily chart, below. Note how the juniors ran higher this week to the upper Bollinger Band, rendering it overbought in the short-term (yellow arrows). But it is the circumstance under which the miners react to that overbought condition which is...
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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.
