MarketChess
Showing articles 6631 - 6640 (6647 total)
14Nov3:08 pmEST
Mr. Silver for Now
I went long AGQ last Friday at $38.80, which is the ultra-long silver ETF. My stop-loss is still below $36.50. The ETF came close to taking out my stop this week, but not quite. As you can see on the monthly chart for the straight-up silver ETF, below, if these prior 2010 lows can hold there sure be plenty of time for me to add to my long into...
14Nov1:28 pmEST
Getting Down to Business
To update this blog post from Wednesday, gold and its miners, as well as silver, are acting more like winners than losers. After an apparent weak open this morning, buyers did not put their collective heads down and complain, mope, and point fingers. Instead, they rose to the occasion and showed some heart, buying the dip and never looking...
14Nov12:13 pmEST
Following You Around
Bears keep following the high yield corporate paper and junk bonds around, as you can see below on their updated ETF daily charts. High yield paper typically is a sign of risk appetite correlated to equities, which is why I continue to refer to these charts. Note how the S&P is basically at all-time highs while these two could easily now be...
14Nov10:38 amEST
Divorce Italian Style
Although it is not particularly popular to speak up nowadays of the potential for a "bull trap, or false breakout which leads to a sharp correction, in equites these days, thanks largely to the QE V-shaped market, I am still going to do it. Simply put, the higher up we go on a multi-year basis with leading issues such as major biotechnology...
14Nov1:11 amEST
BTFD.tv Appearance from Thursday
Here was my appearance on BTFD.tv with my friend @iuubob
13Nov3:17 pmEST
Pin Action Ideas off Weak Oil
With oil continuing its plunge, keep an eye on oil-senisitve stocks such as Flowserve, seen on the daily chart, below. Aggressive traders seeking out short plays can position for downside here with a stop over $67.50. The daily chart suggest a bearish consolidation now breaking down with oil. Also keep an eye on FLR FWLT JEC for similar...
13Nov1:34 pmEST
Looking at the Small Caps Through This Lens
We have an interesting short-term development in the small caps today. The little guys have been impressive of late, especially into the bell yesterday. And yet, as you can see on the 30-minute chart, below, the move over $117.40 (horizontal light blue line) has been sold with price now back below that breakout point. In the current bull...
13Nov12:24 pmEST
Junk Food for Thought
The high yield corporate paper and junk bond ETF's, below on their respective daily timeframes, continue to diverge from equities with respect to the major averages making fresh highs while these ETF's straggle after a rally off the October lows. This is not enough evidence to declare a market top. But it does add credence to the notion that...
13Nov9:22 amEST
Do You Have Last Stock Standing Mentality?
Do you have last stock standing mentality? Do you feel that there is only one stock for you to trade? There are plenty of stocks out here for you to trade. Wake up!
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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.
