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 […]
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.
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.
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 […]
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.
Equity Oracle: 09/25/15
The US Dollar has been trading right in line with the technical signals making it easier for us to forecast the price action. UDN moves inversely to the Dollar and it’s not bouncing off of a well-established trend line. Our goal is to buy into it at the market (around 22) and ride it up […]