We had really good success when we traded this stock on the Equity side of our account. CGIX trades very much in line with the technical signals making this a comfortable strategy for us on the Option side. As you can see from the chart, we have a bullish engulfing pattern today after having a bullish engulfing pattern […]
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Equity Oracle: 06/26/14
This is a stock that came up during the Open House Q&A session last Monday. I’ve never traded this one but the technical signals look promising. Notice the very obvious gap that occurred when the company lowered its earning expectations. I love trading the gaps but you need to have patience in order to pick your spots.
Equity Oracle: 06/20/14
This stock has been in a narrow trading range for about three months now. The price action is showing signs of a potential break out but we have to be patient. Our goal is to wait for a green candle before we buy it and take a ride. Once you have bought the stock, it’s important for you […]
Equity Oracle: 06/13/14
I like trading the cheap stocks when the market is in an overextended condition. Should the markets go through a corrective move to the downside, like I expect it will, the cheaper stocks tend to hold well in the storm. Last year when we traded this stock we had a good return and I’m expecting the same to happen […]
Equity Oracle: 06/05/14
It’s been a couple of years since we last traded AT&T but today we are seeing a sign that tells us we should get back into this position. As you can see from the chart, above, the stock is showing a candle pattern today. On top of that, the stock is trading just above the 200-day moving average […]