Archive by Author

Options Oracle: 11/05/15

GOOG has seen a nice rally over the past 2 weeks but the inverted hammer candle tells me the stock may be ready to pull back and fill the gap. We are selling an out-ofthe- money credit call spread for $1.60 in order to stay out of the way should the stock decide to move a little bit […]

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Options Oracle: 10/29/15

The Oil Markets are looking more bullish lately and this credit put spread will give us an opportunity to make about 20% in about 7 weeks. If the stock stays over $28 we will make money. The good thing for us is that the gap around $28.50 will act as support. I’ve been tracking gaps for more than […]

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Options Oracle: 10/23/15

As you can see from the chart, Amazon has a strong history of gapping to the upside. You may also notice that after the gaps have formed, the stock generally stays in a sideways channel before making another attempt to rally. The dotted lines represent the range that I think that stock you trade in […]

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Equity Oracle: 10/22/15

We successfully traded Sprint two times this year and from the look of the most recent chart of the stock, I think we have another chance of making money once again. Once you have bought into the position you’ll need to immediately set your stop below support.

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Equity Oracle: 10/15/15

The gold markets have seen a nice rally over the past couple of weeks but I think there is room for a correction to the downside at this point. Last week we took our profits in NUGT after holding onto the position for less than a week.

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Options Oracle: Expiration Week Alert: 10/14/15

This Friday marks expiration day for the October option chain. We are currently holding positions in the following companies; Gold ETF (GLD), The Traveler’s Companies, Inc. (TRV), Oil Services ETF (OIH), Apple Inc. (AAPL), Alibaba Group (BABA), iShares Silver Trust (SLV), Barrick Gold Corp. (ABX), Twitter Inc. (TWTR), BP PLC SPONS ADR (BP), Tesla Motors […]

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Options Oracle: 10/09/15

In this market, the name of the game is ROI. As option traders we can make money when the market goes up as well as when the market goes down and if you know how to trade credit spreads you don’t have to expose yourself to a lot of risk. In fact, this spread is […]

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Equity Oracle: 10/06/15

On September 30th an alert went out to buy NUGT at $2.89, which was the day before NUGT completed the 1:10 Reverse stock split. The very next day you would have been able to buy NUGT at $28.90 or lower (split adjusted price). When the alert went out there was a clear bullish engulfing pattern […]

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Options Oracle: 10/02/15

As you can see from the chart, BP has now filled a gap on the upside. Now that this gap has filled, there is an 80% chance that the stock will drop to fill the gap on the downside. We already own the Jan 2017 28 Calls so what we are going to do is […]

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Equity Oracle: 09/30/15

The bullish engulfing pattern you see here is a textbook example of what a buy signal should look like. Not only is the bullish engulfing pattern showing up on a key support level, we are also seeing an increase in volume which suggests that the buyers are moving into the market.

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