SLV Gapped up today and although this works well for our long call position, there is an 80% chance that the stock is going to eventually pull back to fill the gap. Right now we need to stay ready to get out of the position to take our profit. I’ve explained the details behind our […]
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Equity Oracle: 12/04/15
The increase in volatility and lack of consistency in the fundamental reports has made it difficult for investors to feel good about putting money in the market. The good news is that the technical signals have never been more reliable. This is the main reason why swing traders have had such a good time of […]
Equity Oracle: 11/25/15
The Bullish Engulfing Pattern is one of the most reliable buy signals around. In fact, they are accurate about 80% of the time, however, that also means they fail about 20% of the time. That is why we have to make sure we stick to our risk management plan by putting a stop loss order below support
Equity Oracle: 11/19/15
This market has certainly seen it’s ups and downs this week but the good thing is that most stocks are following the technical signals like a charm. If you look at the last two candles in Twitter (TWTR) you’ll see a textbook bullish engulfing pattern just as the stock is pivoting up from support.
Equity Oracle: 11/11/15
Please be sure to review the video before taking any new positions in SLV. I want to make sure the candle is green before we buy it or we need to see at least a Doji candle at the end of the day in order to get into this position. We have done very well trading SLV over […]
Equity Oracle: 11/04/15
Please be sure to review the video before taking any new positions in the market. I want to be sure that you are taking your profits in DGZ and moving your stop in HAL in order to protect your profits in that position. UDN gapped down yesterday so now there are two gaps above the market