MarketChess
Showing articles 6411 - 6420 (6647 total)
30Dec3:38 pmEST
My Portfolio, Please Step Into My Office; Chess Moves
"Youah fiyhad!" Headed into the last day of 2014, I am not impressed with my portfolio holdings. They are not cratering on me, but they are taking too long to get moving in my direction. So I decided to fire them and move to 100% cash. Thus, I covered UNP for a small loss, sold my TBT long for a small win on my core entry, and sold UGAZ for a...
30Dec2:25 pmEST
A Mixed Bag of Popcorn; Chess Moves
I sold my CORN long at $27.20 here, from the $27.25 entry I noted in this post , for basically scratch. The corn long, as usual, took its time to get going but could not hold over $27.70 to sustain any kind of upside traction. So, into the New Year I am lightening up the sluggish positions and possibly revisit them if they gain back their...
30Dec12:42 pmEST
Shooting for the Century Mark
With casual dining plays still acting well, overall (just see FRGI on the second daily chart, below, a name we have looked at many times), premier oven maker MIDD remains a long candidate related to the industry. On the first daily chart, note the orderly basing pattern in an uptrend. $100 sure seems like a classic big round number for longs to...
30Dec11:18 amEST
Looking Less Neutral
Another round of resilience for precious metals and miners' bulls has my eye this morning. Recently, apparent breakdowns in the gold and silver complex, along with their derivative miners, have failed to come to fruition as buyers have stepped in to stem the tide. Specifically, I am keying off GDXJ, the junior gold miner ETF, and SLV, the...
29Dec9:04 pmEST
Stock Market Recap 12/29/14 {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...
29Dec3:16 pmEST
Ebola Now Threatening Scotland's Freedom
With a confirmed case of Ebola in Glasgow, Scotland, HazMat makers APT LAKE are running again. For perspective, I present to you their weekly charts, below. Since the big run-up I traded back in the autumn months, they have both shook out latecomers handily, and then chopped around for a long consolidation. We have seen some one-off pops out...
29Dec1:56 pmEST
Someone is Lying and Needs to Be Interrogated
While crude oil and Russian stocks (gauging the RSX ETF) look to be staging clear breakdowns today, the energy stocks themselves in the XLE ETF (and the oil service stocks in the OIH ETF) are hanging in there. The issue then becomes which one of these is "lying," in the sense that the energy stocks could be sporting a bullish divergence which...
29Dec12:29 pmEST
Dueling with a Familiar Foe; Chess Moves
I noted on Stocktwits and Twitter a few moments ago ( @chessNwine ) that I went long UGAZ at $4.96 with protective stop-loss below $4.70. The position represents roughly 4% of my trading portfolio capital. I plan on swinging the trade for a few days if it goes according to plan, which is a steady move higher. UGAZ is the triple-long natural...
29Dec11:50 amEST
A Nice Reflection on These Two Ideas
LOCK was a long setup presented last week, seen on the updated daily chart, first below. As long as $17.90 now converts into support I still consider this one an actionable long into slight pauses. You can see the breakout from its recent basing pattern, as the stock has steadily moved higher since its swoon last spring. But PCLN still has my...
29Dec10:44 amEST
Heating Up in the Early Going
Chipotle Mexican Grill continues to be a relative strength name among liquid, marquee issues. The stock was a name we have been looking at for a while now as it largely based sideways even as other marquee names suffered technical damage, seen the first weekly chart, below. This morning, CMG is off to a hot start. If the stock can now base out...
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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.
