MarketChess
Showing articles 6511 - 6520 (6647 total)
09Dec12:22 pmEST
Tipping Over Versus Ready to Surge Again
The small cap ETF for the Russell 2000 Index, seen below on the 30-minute timeframe, presents a familiar setup we have seen during this bull market--An abrupt sell-off at the open, followed by an exuberant bounce. Generally speaking, even if bull markets we could then see a rollover to retest or magically make new lows (before buyers come in...
09Dec11:22 amEST
Give Me Back My Precious!
This morning's action in the market, in terms of equities as a whole heading south while precious metals and miners rally, has been a thesis I have been selectively playing for a while now, albeit with an in-and-out modus operandi. The goal has been to remain opportunistic and nimble, in lieu of being dogmatic, when trading tickers such as NUGT...
09Dec12:24 amEST
Late Night Strategy for Tuesday
Futures are soft overnight, though we know this bull market has a long history of flipping them green before the bell. Still, it is tough to ignore the technical damage sustained in many premier issues in the Nasdaq Composite Index of late. I am thus sticking to the inter-market, opportunistic and nimble approach, in lieu of heavy directional...
08Dec5:08 pmEST
Stock Market Recap 12/08/14 {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...
08Dec3:58 pmEST
Going Long the Miners; Chess Moves
In addition to going long the yellow metal itself, which I discussed in my last blog post here , I am now long the gold miners. I placed 4% of my trading portfolio capital into a long NUGT position. NUGT is the triple-long senior gold miner ETF. Gold miners reversed higher this afternoon, following gold itself higher. And I am playing for...
08Dec2:10 pmEST
Kiss That Frog; Chess Moves
I just placed 4% of my trading portfolio capital into long DGP position, which is the ultra-long gold ETF. The yellow precious metal is still routinely mocked, as are gold bugs. But recent lows appear to be holding, and gold is outperforming the entire precious metals and miners complex. I entered the trade at $24.13 with a stop-loss below $22...
08Dec1:28 pmEST
Signs of Sweet Blood
For the time in several years, Tesla Motors is breaking and, apparently holding, below its 50-period weekly moving average, seen below. Tesla Motors is clearly a marquee, liquid leader in the tape. And this follow-through lower continues to be a concern, despite the strength in biotechs and financials. On a standalone basis, the breakdown in...
08Dec12:01 pmEST
Eating Habits Are a-Changin
After a powerful decade-long rally off the 2003 lows, McDonalds is still showing signs of succumbing to changing consumers' desires as well as a letdown from new management. On the monthly chart, below, I would view another move under $92 as likely setting in motion a breakdown from an extended topping process. Also note how similar MCD looks...
08Dec10:20 amEST
Biotech Tidal Waves on the Stormy Sea
The wildcard for a the broad market to levitate into year-end continues to be if we see biotechnology sector stage a melt-up higher. This morning, we are seeing just that, with the IBB sector ETF up nearly 2% even as other damage is seen in the market. There is no telling how long a "blow-off" can last, so it is usually best to nimbly play...
07Dec1:44 pmEST
Weekend Market Film Session 12/07/14 {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 12/08/2014-12/12/2014. Trade Well. Protect your portfolio at all times. -chessNwine Direct Vimeo Link Click Here
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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.
