The Market Guys

We successfully traded Sprint a few times this year and from the look of the most recent chart of the stock, I think we have another chance of making money once again. Once you have bought into the position you’ll need to immediately set your stop below support around 3.52 (See RM Note Box below for details). Our plan […]

The increase in volatility and lack of consistency in the fundamental reports has made it difficult for investors to feel good about putting money in the market. The good news is that the technical signals have never been more reliable. This is the main reason why swing traders have had such a good time of […]

The Bullish Engulfing Pattern is one of the most reliable buy signals around. In fact, they are accurate about 80% of the time, however, that also means they fail about 20% of the time. That is why we have to make sure we stick to our risk management plan by putting a stop loss order below support

This market has certainly seen it’s ups and downs this week but the good thing is that most stocks are following the technical signals like a charm. If you look at the last two candles in Twitter (TWTR) you’ll see a textbook bullish engulfing pattern just as the stock is pivoting up from support.

Please be sure to review the video before taking any new positions in SLV. I want to make sure the candle is green before we buy it or we need to see at least a Doji candle at the end of the day in order to get into this position. We have done very well trading SLV over […]

Please be sure to review the video before taking any new positions in the market. I want to be sure that you are taking your profits in DGZ and moving your stop in HAL in order to protect your profits in that position. UDN gapped down yesterday so now there are two gaps above the market

We successfully traded Sprint two times this year and from the look of the most recent chart of the stock, I think we have another chance of making money once again. Once you have bought into the position you’ll need to immediately set your stop below support.

The gold markets have seen a nice rally over the past couple of weeks but I think there is room for a correction to the downside at this point. Last week we took our profits in NUGT after holding onto the position for less than a week.

On September 30th an alert went out to buy NUGT at $2.89, which was the day before NUGT completed the 1:10 Reverse stock split. The very next day you would have been able to buy NUGT at $28.90 or lower (split adjusted price). When the alert went out there was a clear bullish engulfing pattern […]

The bullish engulfing pattern you see here is a textbook example of what a buy signal should look like. Not only is the bullish engulfing pattern showing up on a key support level, we are also seeing an increase in volume which suggests that the buyers are moving into the market.