The iShares Gold Trust trades 1/10th the price of GLD making this a cheaper way to add to our gold position. The January 2016 10 calls are trading for around $1.80 making this a great position to hold on to as we look for spreads and credits that will help us pay down the cost of these leaps. […]
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Equity Oracle: 10/30/14
You can see from the weekly candle chart above that the stock is bouncing nicely off of the role-reversal support line, around $10. It’s nice when a stock forms a clear pivot point at a support level because it not only helps us with the entry point, but also helps us with an exit strategy for managing risk.
Equity Oracle: 10/23/14
J.C. Penny is trading very close to its 20-year lows and it looks as though the stock is pivoting higher to re-test the 50-day moving average. This is an opportunity for us to get into a long position at a reasonable price. If the stock looks like it is going to close below support then […]
Equity Oracle: 10/16/14
This week has been one of the most volatile weeks of the year and investors are having a hard time trying to figure out what to do with their money. Fortunately, we have a plan in place that’s working and it looks as though we are about to set ourselves up in another great trade.
Equity Oracle: 10/09/14
This is turning out to be one of the most interesting topping patterns of my career. Every major index is showing an over-extended trend and the reversal signals are getting more obvious, yet the Dow, S&P and Russell 2000 keep trying to hang on to the highs. This is the perfect time to buy into a bear strategy.
Equity Oracle: 10/02/14
The Dow Jones Industrials have taken a beating over the past few days but there are a handful of small cap stocks that still look promising. Keep in mind that our time frame for this trade is very short-term.