There are two role reversal support levels that will help us maintain a long position in Mylan, Inc. (Ticker: MYL). The closest one is found at the 20-day moving average and the second support level connects the resistance highs in August to the October lows. The first support level I mentioned gives us the buy […]
Equity Oracle: 10/31/13
As I mentioned in the video, the instructions for buying this stock are simple. Make sure the candle is green before you buy it, then once you buy it, set your stop $1 below your purchase price and wait for the gap to fill. We realized a nice percentage gain on this stock when we […]
Equity Oracle: 10/25/13
The US Dollar Index has dropped significantly below its 20-period moving average. We know from experience that stocks have a tendency to move back towards their moving average over time, so this is an opportunity for us to buy UUP with a goal of selling it once it has moved back to the SMA. The […]
Equity Oracle: 10/18/13
The main reason for the gap up in the Qs is because Google gapped up on earnings news with investors feeling more bullish that the Debt ceiling pressure has eased a bit. The dangerous thing about this type of investor sentiment is that the debt war is going to pick back up again in a […]
Equity Oracle: 10/11/13
Contingent buy orders have been working very well for us because is forces the trader to wait for the pivot point before they purchase the stock. Last weeks trade alert is a perfect example of that. SNTA has not yet crossed over the 20-day moving average but as soon as it does, we will be […]