If you have been following along with the weekly market reports and trade alerts, you would have seen that the signals we’ve been following worked like a charm. The monthly bullish engulfing pattern on GLD led us to higher prices in the precious metal, and other positions like the spread we have in FSLR could […]
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Equity Oracle: 08/12/2011
The long legged Doji seen on the weekly chart for SPY tells us the sellers are running against some buying pressure at this level. The 200-week moving average will most likely act as a support level but we have to remain cautious as we work our way back up to resistance. It looks as though […]
Equity Oracle: 08/07/2011
This is the most technical market I’ve seen in my career and we are just getting warmed up. I expect severe volatility this week, which is why I’m asking all members to remain in cash until we get the buy signal. [hana-flv-player video=”http://themarketguys.wpengine.com/wp-content/uploads/videos/TEO_080711.mp4″ width=”650″ height=”450″ description=”” player=”4″ autoload=”true” autoplay=”false” loop=”false” autorewind=”true” /]
Equity Oracle: 07/23/2011
This week we got the set up we were looking for with the Home Depot trade that was sent out last week. We are seeing a slight increase in weekly volume as compared with last week’s volume, which is a signal that the buyers are starting to come in. [hana-flv-player video=”http://themarketguys.wpengine.com/wp-content/uploads/videos/TEO_072311.mp4″ width=”650″ height=”450″ description=”” player=”4″ […]
Equity Oracle: 07/15/2011
It’s been a while since I last traded Home Depot but I think the time is right, as long as we are patient enough to wait for the buy signal. Home Depot has been in a very nice trading channel for the last three years, and I expect this year’s hurricane season to bode well […]