MarketChess
Showing articles 6441 - 6450 (6647 total)
22Dec2:49 pmEST
Hacking Into These Two Charts with Precision
BlackBerry has been a popular ticker for short-term traders for a while now. And updating the daily chart, first below, we can see that Friday's weakness apparently was a failed move lower. We know that from failed moves in the market often come aggressive moves in the opposite direction. Thus far, we are seeing just that in BBRY, with today's...
22Dec1:34 pmEST
Looking to Be an International Harvester of Gains
CORN and WEAT still look to be acting best of all soft commodities. I remain long CORN and would consider adding to it over $27.65. The 30-minute chart of the CORN fund, below, shows a nice consolidating after the breakout two weeks ago. WEAT may very well be bull-flagging here, as well. If there is no upside follow-through, then I may harvest...
22Dec12:54 pmEST
A Simple Job Down in Cuba
CUBA has been a good day-trading stock over the past few sessions. We profiled the 20-period moving average on the 5-minute chart last week after the initial political news about Cuba was released. Since then, the stock has continued on higher. Updating the 10-minute chart below, I still think you can use the 20-period moving average as a rough...
22Dec11:50 amEST
Trading Vehicles Only or You Can Kiss Your Money Goodbye
The price action in natural gas of late is a good reminder that highly-levered ETFs such s UGAZ (triple-long natty) are designed to be trading vehicles only, rather than buy-and-hold for a retirement account. In addition to the leverage, the ETFs suffer "decay" with the way they are structured. I was fortunate to sell UGAZ right at its...
21Dec3:01 pmEST
Weekend Market Film Session 12/21/14 {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 12/22/2014-12/26/2014. Trade Well. Protect your portfolio at all times. -chessNwine Direct Vimeo Link Click Here
21Dec11:48 amEST
Coke's Chart a Messenger of Looming Knockout
After an impressive and steady nearly six-year uptrend, Coca-Cola's stock chart is now displaying classic warning signs of an imminent top. On the daily chart, below, note the loose and sloppy price swings in recent months. This type of action indicates a loud disagreement taking place between buyers and sellers, otherwise known as "violent...
20Dec2:39 pmEST
Saturday Night at Market Chess Cinemas
I consider L.A. Confidential (1997) to be one of the best films from the 1990's. Based on the James Ellroy novel, and set in steamy, noir-ish 1950s Los Angeles, the film focuses on three main scheming, gritty policemen tracking several murders with some shady connections to the police department. The all-star cast features Kevin Spacey,...
20Dec2:10 pmEST
Steve Nison on Candlesticks
A good Saturday educational video from one of the legends of candlestick technical analysis.
19Dec3:51 pmEST
They're Not Giving Up on the V
Another V-shaped rally back to recent highs on the S&P 500 Index, seen below on the daily chart, leaves many market players in an interesting spot as we head into the final two holiday-shortened weeks of 2014. I did not do too much swing trading this week, not only due to the overnight gaps and wild price moves in both directions but also...
19Dec3:05 pmEST
Capable of a Monstrous Squeeze Attack
I still view IMAX as an explosive short squeeze candidate to the upside, especially as we head into the big Hollywood Christmas film releases. The stock remains very heavily-shorted. And observing the technicals on the daily chart, below, if the $28.70 area below can now hold as newfound support the thesis has a chance to work. In addition,...
FOLLOW chessNwine
MARKET CHESS SUBSCRIPTION SERVICES
Full-Length Video Recaps & Strategy Sessions
Private Twitter Feed Access
Custom Videos Tailored to You
chessNwine HAS BEEN SEEN ON
Top Pages
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.
