MarketChess
Showing articles 6481 - 6490 (6647 total)
15Dec10:55 amEST
Bounces Getting the Swipe Left Treatment
A moderate gap higher in the market has been soundly faded, with the major averages flashing back to nearly flat as I write this. When crude oil, as well as Russia in the RSX ETF, not to mention names like GPRO, cannot even muster an oversold bounce worth a dime it is likely indicative of a changing market climate. Indeed, this may be one of...
15Dec12:12 amEST
Late Night Strategy for Monday
Futures are pointing towards a bounce in the market. If that holds, SONC is a long idea on strength over $27.50. On the first daily chart, below, the fast food play has been in a potent uptrend for a while now, basing well above all major moving averages. But if the broad market bounce fails to hold and the selling resumes, then I still think...
14Dec3:04 pmEST
Weekend Market Film Session 12/14/14 {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 12/15/2014-12/19/2014. Trade Well. Protect your portfolio at all times. -chessNwine Direct Vimeo Link Click Here
14Dec11:30 amEST
Mark Douglas: Mind Over Market Interview
Here we have a good interview to watch on this Sunday morning with Mark Douglas, the accomplished, trader, mentor, and author.
13Dec12:33 pmEST
Saturday Night at Market Chess Cinemas
The late, great Director Robert Altman's The Player (1992) is a steamy and stylish crime/drama/comedy all rolled into one. The film features Tim Robbins (pictured above) as a big-shot Hollywood film studio executive. Robbins' character spends much of the film trying to figure out which writer, whose script he had rejected, is sending him...
13Dec1:17 amEST
Big Changes Are Coming and They're Justified
The series finale of Justified on FX Networks, easily one of the best shows on television, is not the only big thing happening in early-2015. Stay tuned for details in the coming weeks about some exciting changes coming to Market Chess early next year...
12Dec3:56 pmEST
A Fine Market Story to Kick Off the Weekend Festivities
AAPL and IBM appear to be the heavyweights leading the Nasdaq and Dow lower this afternoon, respectively. Of course, the selling is well beyond that, as small caps break below their sloppy consolation pattern. Overall, I am still rather cash heavy with the UNP short and DGP long (from $24.13). The rest is cash and I think that is a fine place...
12Dec3:30 pmEST
Rain is a Good Thing; Chess Moves
As per the bullish setup I posted the other day on Stocktwits, I went long CORN at $27.25 just now, placing 4% of my trading portfolio capital in the position. My stop-loss would be if we see a close under $26. Back in a bit with the chart update.
12Dec1:52 pmEST
Update on a Chess Piece
I am still short the mega rail UNP, representing about 6% of my trading portfolio capital. I have cushion on my initial entry, above $118. On the updated daily chart, below, you can see the rail flipping back to nearly flat after a bounce at the open. I am sticking with the short because I view the highlighted consolidation as being a "bear...
12Dec12:46 pmEST
Two Charts Which Are Taking the Stairs Up
The silver ETF, seen on the first daily chart below, has quietly been outperforming the rest of the precious metals and miners complex in recent session. The highlighted consolidation pattern is a tight one, and I would be looking for a move over $16.50 to set in motion another playable leg higher. Silver bulls would not want to see $16 lost...
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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.
