Apple stock pulled back to fill the gap just like we expected it to, so now is the time to complete the calendar put spread that we initiated yesterday. If you have been following along with this trade then you should already be long the Jan 2014 570 puts. Our goal was to wait for the stock to […]
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Equity Oracle: 01/03/13
The ProShares Short Dow 30 ETF is a great way to take advantage of a sell of in the Dow Jones Industrial Average. This is a “contra” ETF that goes up in price when the Dow drops in value. The great thing is that you don’t have to lay out a lot of money to take a position […]
Equity Oracle: 12/28/12
I’m sorry to say that we are slowly evolving into the European State that I’ve been warning people about. My advice to you, as an investor/trader, is to plan ahead for a significant downturn in the US economy and a downturn in the markets as a whole. The trade I am suggesting will allow you to profit from […]
Equity Oracle: 12/19/12
The iShares Gold Trust is a great way to trade gold. It basically represents 1/100th of an ounce of gold and moves in direct proportion to gold as it trades on the commodity exchange. As you can see from the chart (above) we have reached a level of role reversal support with a gap still open at the […]
Equity Oracle: 12/13/12
On November 29th I sent out an alert to buy Bank of America at $9.76 after the technical charts gave us a sign that the stock was ready to breakout into higher territory. As we look back on the price history you can see that BAC did exactly that. However, the charts are now telling us that it’s […]
Equity Oracle: 12/07/12
Most of the time I am buying on a role-reversal support level or selling on a role-reversal resistance line, but in a rare instance I will trade the Wedge Pattern. A wedge, aka flag, pendent or triangle, is a fairly reliable price pattern that suggest a possible break out is about to occur. In this case, the buyers […]