One of the great things about trading the Dollar Index is that you can position yourself on either side of the market, whether the Dow is moving up or down. The U.S. Dollar will always be on the move and if you think there is a chance the dollar will rally, you simply buy UUP, if you think […]
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Equity Oracle: 03/28/14
The Chart of XLU is showing a short-term upward trend that is accelerating nicely. Former bullish engulfing patterns have been reliable and the most recent engulfing pattern shows an increase in volume as the stock approaches the March 18th high. Don’t pay too much attention to today’s volume candle because I am sending this alert out during the trading […]
Equity Oracle
With the end of the first quarter quickly approaching, it is a good idea to take a position that will allow us to take advantage of the tax selling we expect to see in April and May. One of the best ways to capture a profit from a downturn in the market is to go with a stock […]
Equity Oracle: 03/13/14
It’s been nine months since we traded UUP and we have been profitable trading it from the long side. So far this week, the Dollar Index is showing a hammer pattern as it bounces off of a well-established role reversal support level that was formed when the stock filled the gap back in October of 2011.
Equity Oracle: 03/07/14
It’s been nine months since we traded SLV and we have been profitable trading it from the long side. Today the stock has made a move to fill the gap and it’s only pennies away from doing just that. Now that the stock has pulled back to a role reversal support we are looking to buy into this […]