This week the general markets struggled to maintain a positive price gain and it was obvious that the sellers were giving the buyers a hard time. It’s getting increasingly more difficult to find good “buy candidates” which is why I’m making a move this week to “go cheap”, however, don’t let this one fool you.
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Equity Oracle: 08/30/13
September and October are two of the worst months in the history of the DOW. In order to capture a profit from a potential downturn in the Dow Jones Industrial Average I thought it would be best to take a look at the Proshares Short Dow-30. What I found was a bullish engulfing pattern as […]
Equity Oracle: 08/23/13
This is a weekly candle chart for Pfizer, Inc. (PFE) and as you can see the stock has been holding its long-term trend line like a charm. This week the price has formed a Doji. The Doji usually shows up a key reversal points and represents a sign of indecision. The sellers are losing their […]
Equity Oracle: 08/16/13
Abbott Labs (ABT) is one we have not yet traded but it’s one that I’ve tracked for years. I’ve noticed that this stock does a good job following the technical signals and seems to hold a strong line of support. Today, the stock is right on the trend line with a hammer pattern showing at […]
Equity Oracle: 08/07/13
I will always look at the technical charts before investigating the fundamental reports because the technicals tell us “when” to buy the stock. The fundamental reports usually lag the price but from time to time I will weigh them into my decision process. The 12-month trailing 11.47 P/E ratio for Potash is well below the […]
Equity Oracle: 08/01/13
Solar Winds, Com. (Ticker: SWI) gapped down last week and have fallen below the 20-day moving average. Normally we would not buy a stock that has broken down below its SMA, but in this case the gap makes this a very attractive candidate. Take a look at the chart and you will see several bullish […]