chessnwine

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Website: http://ibankcoin.com/chessnwine

Setups for Week of 10/11-10/15
Posted by on October 10th, 2010 at 3:50 pm, Comments: 0

There’s no time like the present.
Simply put, this is the best market environment for swing traders seeking to ride the prevailing trend since at least late April of this year. The reason why I was so adamant about maintaining a cautious posture (with a heavy cash position virtually at all times) throughout the course of [...]

Setups for Week of 09/07-09/10
Posted by on September 6th, 2010 at 3:41 pm, Comments: 0

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After reversing course and closing out last week in bullish fashion, the market has catapulted from the lower to the upper end of our multi-month trading range. As we enter the autumn, this broad range is becoming more and more obvious. The more popular and predictable a phenomenon occurs in the market, the more likely [...]

Going with a Hunch
Posted by on September 3rd, 2010 at 2:48 pm, Comments: 0

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I am buying a 3/4 long position in $TQNT. The chart looks to have built a nice base over the past few weeks, and is now above all major moving averages. The firm is also a supplier for many key $AAPL products, as well as some other smartphones.
All trades are timestamped inside The PPT.
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TOTAL PORTFOLIO:
EQUITIES: [...]

Setups for Week of 08/30-09/03
Posted by on August 29th, 2010 at 5:14 pm, Comments: 0

Despite the S&P 500 successively closing lower each of the past three weeks, there have been plenty of stocks that have not only broken out to new highs on strong volume, but have firmly held those breakouts as well. I take this as a sign of underlying strength in the market, as well as a [...]

Setups for Week of 08/23-08/27
Posted by on August 22nd, 2010 at 6:22 pm, Comments: 0

When I introduced my setups last Sunday evening, I noted that the major indices were at key support levels. Accordingly, I was finding many of the best setups to be that of the “buy the dip” variety, as opposed to stocks on the verge of significant breakouts to new highs. Fast forward to the end [...]

Revisiting the Euro/Dollar
Posted by on July 14th, 2010 at 11:19 am, Comments: 0

Early last week, I noted in one of my posts that I saw many traders trying to short the $EUR/USD here, awaiting a seemingly imminent breakdown. I continue to believe that such a bet is foolish. Pertaining to equities, the $EUR/USD relationship has been a proxy for risk appetite in recent months.
If the Euro was [...]

Long and Short Trading Ideas
Posted by on July 12th, 2010 at 2:58 pm, Comments: 0

We all know today’s tape is boring and frustrating to both bulls and bears. Whether this turns out to be a healthy consolidation for another move higher, or rather a sign of a lethargic rally that will soon roll over, remains to be seen. Either way, it is crucial to be prepared. Below, you will [...]

Violent Rejection
Posted by on July 10th, 2010 at 8:46 pm, Comments: 0

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On June 21st of this year, the S&P 500 gapped up on a Monday morning and tagged 1131, only to turn immediately down in pretty much a straight line for the next two weeks. Similarly, on July 1st of this year, the S&P briefly touched 1010 before seeing another reversal, as we ended this week [...]

All Hail the 1040 Gods!
Posted by on June 29th, 2010 at 6:12 pm, Comments: 0

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MARKET WRAP UP 06/29/10
Days like today illustrate the phenomenon of when a great many market participants hone in on a key technical level. With talking heads on financial television (who usually gloss over technical analysis) speaking in earnest about head and shoulders topping patterns, as well as the all important 1040 level on the S&P [...]

SETUPS FOR THE WEEK OF 06/21-06/25
Posted by on June 20th, 2010 at 7:14 pm, Comments: 0

Being a swing trader that seeks to profit from intermediate term moves, most of my money is made on the long side when the broad market is operating above the 50 day moving average–preferably a rising one. Below it, my focus is on preserving capital. As much as I would love to be a raging [...]


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