This is the first time we have traded Huntsman Group through an option strategy and it was hard to ignore the bearish engulfing pattern today. As you can see from the chart, the stock closed yesterday with a long upper shadow which signals the sellers are putting pressure on the stock.
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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 […]
Equity Oracle: 02/28/14
It’s been a very long time since I’ve traded Verizon but there was a time when this was one of the hottest stocks on the board to trade. It is a stock that follows the technical signals very well and today we have another opportunity to get in on the long side.
Equity Oracle: 02/21/14
It was a little over a year since we last traded BAC and it was a profitable trade. Today the candle looks positive and we have a clear target price in view. On the other side, we also have a clear stop level that will allow us to limit our risk by using the 1% Rule. If you […]
Equity Oracle: 02/14/14
On January 3rd an alert went out to buy Corinthian Colleges (COCO) on a contingent buy signal. The signal never came through, in the form of a green candle, so we never got into the stock. However, it looks like there may be another opportunity to buy COCO as it bounces off of a 4-year support level.
Equity Oracle: 02/06/14
This is a weekly candle chart for Ford Motor Company (Ticker: F) Two weeks ago the stock close with a bearish engulfing pattern, which pushed the stock lower but this week, it looks as though we are going to close with a hammer pattern.