It’s been a long time since we last traded JC Penny (JCP) but it’s one I never took off of my watch list. One of the most important reasons for having a watch list is because stocks tend to cycle. If you have a list of stocks that you are familiar with, eventually those stocks will give off […]
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Equity Oracle: 05/21/14
We’ve successfully traded Highpower International, Inc. (Ticker: HPJ) in the past and had great results. Once again the stock is giving us a buy signal as it bounces off the 200-day moving average. The secondary confirmation that shows us the buyers are coming in is through the strong green candle as it moves up and away from a well-established […]
Equity Oracle: 05/16/14
We have done very well lately trading the cheaper stocks and EGLE looks like it’s going to be another good one for us. Today the stock closed with a solid green candle on higher volume. The higher volume suggests that the buyers are building momentum that could lead to a breakout of the near term resistance level.
Equity Oracle: 05/09/14
We have been very successful trading COCO on the bounces. This week the stock took a dive and left a gap in the process. This gap has not become our target point around 1.20. Today the stock looks like it is going to close with a bullish engulfing pattern. If the candle is still green by the time […]
Equity Oracle: 05/02/14
Barrick Gold is bouncing nicely off of a well-established trendline. On top of this bullish signal, the news is looking positive for the gold market. Geopolitical tensions in the Ukraine are leading investors to the traditional “safe haven” investments with Gold being the main area of interest. I’ve put out an alert for our Option traders as well to […]