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Equity Oracle: 07/10/14

Profire Energy Inc. (PFIE) is a stock that trades in the Oil & Gas sector. With all of the news that’s coming out of Iraq, the Oil Sector has really been heating up. This added volatility gives us a chance to profit from a fairly cheap stock that shows a history of technical signals that have been reliable. Today, […]

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Options Oracle: 07/10/14

On May 2nd and alert went out to buy the January 2016 15 Calls in ABX for 4.25. The stock rallied exactly as we thought it would and now the stock has formed a Doji candle at a key resistance area. Originally I wanted to turn this into a Diagonal Calendar Spread but the drop in volume convinced […]

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Options Oracle: 07/03/14

The Volatility Index is an oscillating index that measures the volatility of the S&P 500 Index. As you can see from the chart, the price is right at the 20-year support level and there is a wide divergence between the 200-day moving average and the price of the VIX.

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Equity Oracle: 07/03/14

Last week, on June 26th, an alert went out to buy Conagra Foods, Inc. (CAG). This was a contingent buy alert, which meant that we had to wait for the green candle before getting into the position. On the very next day the stock formed a bullish engulfing pattern and we jumped in. The stock rallied nicely for a […]

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Options Oracle: 06/27/14

We had really good success when we traded this stock on the Equity side of our account. CGIX trades very much in line with the technical signals making this a comfortable strategy for us on the Option side. As you can see from the chart, we have a bullish engulfing pattern today after having a bullish engulfing pattern […]

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Equity Oracle: 06/26/14

This is a stock that came up during the Open House Q&A session last Monday. I’ve never traded this one but the technical signals look promising. Notice the very obvious gap that occurred when the company lowered its earning expectations. I love trading the gaps but you need to have patience in order to pick your spots.

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Options Oracle: 06/20/14

When you sell a credit call spread you limit both your profit and risk to a certain amount. Selling this particular call spread will allow us to collect $1.55 per share times 100 shares per spread or $155 per option contract we trade. We also have to lay out $1000 per option spread to our broker, but this […]

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Equity Oracle: 06/20/14

This stock has been in a narrow trading range for about three months now. The price action is showing signs of a potential break out but we have to be patient. Our goal is to wait for a green candle before we buy it and take a ride. Once you have bought the stock, it’s important for you […]

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Options Oracle: Expiration Week Alert 06/17/14

This Friday marks expiration day for the June option chain. We are currently holding positions in the following companies; Gold ETF (GLD), Baidu, Inc. (BIDU), iShares Silver Trust (SLV), Amazon, Inc. (AMZN), The Traveler’s Companies, Inc. (TRV), US Dollar Index Bullish (UUP), Apple, Inc. (AAPL), Barrick Gold Corp. (ABX), Home Depot (HD) and Nextera Energy, […]

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Equity Oracle: 06/13/14

I like trading the cheap stocks when the market is in an overextended condition. Should the markets go through a corrective move to the downside, like I expect it will, the cheaper stocks tend to hold well in the storm. Last year when we traded this stock we had a good return and I’m expecting the same to happen […]

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