This Friday marks expiration day for the August option chain. We are currently holding positions in the following companies; Gold ETF (GLD), The Traveler’s Companies, Inc. (TRV), Netflix (NFLX), Diamonds (DIA), Oil Services ETF (OIH), Apple Inc. (AAPL), Alibaba Group (BABA), Chipotle Mexican Grill (CMG), PowerShares US Dollar Bearish Fund (UDN), iShares Silver Trust (SLV), […]
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Equity Oracle: 08/12/15
The main benefit behind using a contingent buy order is that it saves you from buying a stock that is being controlled by the sellers. Many times it’s tempting to buy a stock when you feel that it’s hit a bottom however, if the stock is not bouncing off of a key support level, the […]
Equity Oracle: 08/07/15
For months I’ve been talking about a potential breakdown in the market and it looks as though that time has come. This week the unemployment numbers came out and the analyst believe the data is strong enough to support a rate hike by the Fed.
Equity Oracle: 07/29/15
Risk management starts with the entry price, which is why I’ve highlighted this point in the video. Yes, it’s obvious that TWTR gapped down today, and it’s easy to see that the candle is red, but that doesn’t mean the candle will stay that way by the end of the day.
Equity Oracle: 07/24/15
Last week I was very clear about waiting for the green candle before buying into OIL. We never got the green candle that we were waiting for and the stock wound up breaking out below support. This is a perfect example of how important the contingent buy can be with regard to managing risk. Risk […]
Equity Oracle: 07/16/15
We will not be getting into this position until we see a green candle. The green candle will be a signal that buyers are entering into a long position therefore forming a pivot point to the upside. Remember, you want to put your money where the money is going, which means we will be buying […]