Home / chessNwine (page 17)


Full-time stock trader. Follow me here and on 12631

Late Night Strategy for Tuesday


Given the strong, late-day upside reversal in ACHN on Monday it is worth keeping this one back on the long radar for Tuesday. They have a major test result coming out soon, which is certainly a major event for the stock which can trump these sound technicals.

But, trading what we see, this is a heavily-shorted name ripe to squeeze higher.

Drop me your top tickers overnight.



Comments »

Stock #Market Recap 10/27/14 {Video}

If you enjoy my blog posts and videos, then I would encourage you to please click on this 12631 hyperlink for more details about joining our great team of traders at a very reasonable price. 12631 is a trading service which @RaginCajun and I direct here at iBankCoin.

In addition, please see the top of this video for details about attending our iBC Investors Conference this November.

Enjoy tonight’s video, and enjoy your evening. 

Direct Vimeo Link Click Here

Comments »

Twitter? Sounds Like a Bird

It was another mixed bag in the market today, with energy/materials as well as small caps lagging, while biotechs took the lead once again.

Who is playing Twitter, the Bird, earnings after the bell, and how? Looks like a big move is expected.

See you in a bit for my video market recap.

Comments »

Limited Visibility Due to Negative Energy


The weakness in crude and energy stocks is certainly not helping the cause for bulls, though the selling on the indices is nothing too scary yet.

What is more concerning, however, is the weakness in leading issues like NFLX TSLA. And we do have TWTR earnings after the bell tonight, which should be a nice appetizer in front of FB earnings tomorrow.

Beyond that, we have the Fed on Wednesday and a slew of big-time data later in the week.

Hence, today may very well be the calm before the storm.

If the XLE, energy sector ETF, loses $83 again I may very well take a shot on the short side.

Other than that, I am noting the relative strength in restaurant plays like BKW BLMN FRGI ZOES again today.

What are you checking out this afternoon?


Comments »

Electric Sliding Down


It has been a bit quiet of late, but marquee momentum name Tesla Motors is continuing to weaken along with other leaders of late, including AMZN GOOGL NFLX PCLN.

While biotechs, AAPL and FB have been the stars of the market, Tesla has formed one bear flag after the next, seen below on the daily timeframe.

With plenty of shorts still in the float, and earnings November 5th, it may very we’ll be a tough short.

Still, from a broader market perspective it is another leading issue which is weak and not giving a particularly bullish signal for swing traders to get long in size.



Comments »

Five Stocks Defying the Red Today


Courtesy of The PPT algorithm, here are the most current top five readings from my “12631 RELATIVE STRENGTH” custom-made screen, identifying which stocks are exuding some of the best performances to the market at-large at any given moment.

I look for stocks whose Daily PPT Hybrid Score surges, while the Weekly Hybrid has been negative over the past week. This can often yield stocks which are emerging from consolidations.

Members can click here to view and save the screen.

Sorted for at least 500,000 shares of daily average volume to ensure liquidity.

Please click on image to enlarge.



Comments »