MarketChess
Showing articles 6521 - 6530 (6647 total)
07Dec11:05 amEST
Pearl Harbor: The Untold Story
The Attack On Pearl Harbor, 73 Years Ago Today. Pearl Harbor - The Untold Story (History Channel Documentary), via YouTube
06Dec3:00 pmEST
Saturday Night at Market Chess Cinemas
Both The Fugitive (1993) and In the Line of Fire (1993) were released in the summer of 1993 as Hollywood summer blockbusters. While the former garnered plenty of critical acclaim and fans, I view the latter as the better film. Clint Eastwood stars as the gruff, old-timer Secret Service agent Frank Horrigan. Horrigan worked for JFK and is...
06Dec12:27 pmEST
Close, But Not Quite Time for Santa to Light Up
The seasonal "Santa Claus Rally" in the stock market is a phrase you will hear quite a bit of in the coming weeks, if you have not already. According to Sentimentrader, via @ukarlewitz on Twitter, however, the coming week in the market has less-than-bullish seasonality, seen on the graph below. Trying to trade seasonality is always a...
06Dec12:09 amEST
How Much Does the Stock Market Move During the Day?
Very cool video courtesy of @nanexllc on Twitter. X-Axis is hour of day between 0 and 24 (midnight to midnight Eastern Time) Y-Axis is price change in percent from 1 hour ago. Each line shows how much the stock market moves (in percent) over the last hour during 1 trading day. The price of the active S&P 500 futures contract (the EMini) is used...
05Dec3:42 pmEST
The Last Good Train Ride; Chess Moves
Headed into the weekend, I placed 4% of my trading portfolio capital into a short Union Pacific position, at $118.73, with a cover-stop over $124. I playing for the stock to at least hit $110, if not lower, before earnings in late-January 2015. I have shorted this multi-year winning mega rail a few times in recent quarters with mixed results....
05Dec1:46 pmEST
The Two Lane Rising Channel Highway
We have an interesting split in the market right now, with premier Nasdaq names like Tesla Motors sporting a clear weekly chart rising wedge breakdown, first below. TSLA's stock has been sluggish for a while now, and buyers may finally be throwing in the towel short-term as upside momentum has been set on fire. Meanwhile, financials are...
05Dec12:31 pmEST
Looking for the Old School Sexy
In Texas hold 'em poker, the term "sexy" is slang, used as a noun to describe the act of slow-playing a hand on "the river," or after all of the community cards have been dealt. Instead of betting your hand in one of the first positions to act, you instead "check" to your opponent(s) with the intention of raising once the action gets back...
05Dec11:06 amEST
Update on Two Market Chess-Style Ideas
YELP has been a consistent short setup I have charted in recent weeks. This is a textbook broken chart which needs technical and psychological help before having a chance to heal itself. Note how price is operating below major, declining moving averages. This morning, YELP appears to be breaking down from the highlighted descending triangle...
05Dec12:28 amEST
Late Night Strategy for Friday
Now that natural gas is back to being hated and very oversold, seen below its lower Bollinger Band on the UNG ETF daily chart below, I am considering a long UGAZ trade again if we see a gap lower on Friday morning. This would be a rare knife-catch for me. But I believe it may be worth the effort, with a firm stop-loss, given the sharp decline...
04Dec4:47 pmEST
Stock Market Recap 12/04/14 {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...
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“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.
