There is a lot of news out that talks about a possible 90% correction in the market. I posted one such article on The Market Guys Facebook page. If you read that article you will understand why some of the worlds richest investors are moving out of their stock positions, particular the bank and brokerage stocks. The technical charts […]
Equity Oracle: 03/08/13
You can see from the most recent candle chart of OIL that the buyers have moved the price off of the support level. The other sign of buying action is found in the length of the shadows beneath the most recent candles. The shadows are the vertical lines that protrude from the top and bottom of each candle. When […]
Equity Oracle: 03/01/13
Rarely do I buy stocks this cheap, but this one is looking way too oversold for me to ignore it. There are a few things that are grabbing my attention with the first being the divergence between the price and the moving average. This stock tends to move back to the moving average after such wide divergences, which is […]
Equity Oracle: 02/21/13
It is a rare opportunity to be able to take advantage of an exhaustion gap. An exhaustion gap is one that shows up as the third gap in a line of technical price gaps. You can see from the chart above that not only are we showing a gapping pattern but we are also bouncing off of […]
Open House Webinar: 02/18/13
AJ goes over this month’s stock picks.
Equity Oracle: 02/15/13
I am finding a lot more success in our contingent order alerts. A contingent order is one that puts us in a position where we have to wait for the buy signal before we actually place the order to our accounts. This helps eliminate a lot of the risk because we are waiting for the buyers to take control […]
Equity Oracle: 02/07/13
Last week I put an alert out to buy PPH on the breakout but we never got a close above $43 so it’s best to abandon that trade and put our money into something that has better odds of a rally. As you can see from the chart, above, Barrick Gold has recently formed back-to-back engulfing patterns. This, along […]