Under Armour (Ticker UA) gapped up a couple of weeks ago but the signs are telling us the buyers are getting tired. The volume has been consistently dropping since the spike occurred the day of the gap and there is a nice role reversal target that can help us leg into a long-term diagonal calendar put spread. Once […]
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.
Equity Oracle: 01/31/14
We’ve only traded Cirrus Logic one other time through a contingent buy alert and it was a profitable position for us. All of the signals are pointing higher for this trade candidate but once again we want to trade it safely. I have given you a contingent buy alert that requires a green candle above the most recent support […]
Equity Oracle: 01/24/14
Today the Dow had its biggest one-day drop in seven months and it was enough of a sell-off to put investors on edge. Historically, the gold market has been inversely related to equities and it looks as though IAU is forming a possible breakout to the upside. This is our chance to capture a profit while all of the […]
Equity Oracle: 01/16/14
Abraxas Pete Corp. (Ticker: ABAX) is one we made money on in 2011 and I’ve had this stock on my watch list ever since. Today the price closed with a bullish engulfing pattern after a bounce off of a role reversal support level. It’s one of the cheaper stocks we’ve traded but the technical charts […]