The Market Guys

It’s been nine months since we traded UUP and we have been profitable trading it from the long side. So far this week, the Dollar Index is showing a hammer pattern as it bounces off of a well-established role reversal support level that was formed when the stock filled the gap back in October of 2011.

It’s been nine months since we traded SLV and we have been profitable trading it from the long side. Today the stock has made a move to fill the gap and it’s only pennies away from doing just that. Now that the stock has pulled back to a role reversal support we are looking to buy into this […]

It’s been a very long time since I’ve traded Verizon but there was a time when this was one of the hottest stocks on the board to trade. It is a stock that follows the technical signals very well and today we have another opportunity to get in on the long side.

It was a little over a year since we last traded BAC and it was a profitable trade. Today the candle looks positive and we have a clear target price in view. On the other side, we also have a clear stop level that will allow us to limit our risk by using the 1% Rule. If you […]

On January 3rd an alert went out to buy Corinthian Colleges (COCO) on a contingent buy signal. The signal never came through, in the form of a green candle, so we never got into the stock. However, it looks like there may be another opportunity to buy COCO as it bounces off of a 4-year support level.

This is a weekly candle chart for Ford Motor Company (Ticker: F) Two weeks ago the stock close with a bearish engulfing pattern, which pushed the stock lower but this week, it looks as though we are going to close with a hammer pattern.

We’ve only traded Cirrus Logic one other time through a contingent buy alert and it was a profitable position for us. All of the signals are pointing higher for this trade candidate but once again we want to trade it safely. I have given you a contingent buy alert that requires a green candle above the most recent support […]

Today the Dow had its biggest one-day drop in seven months and it was enough of a sell-off to put investors on edge. Historically, the gold market has been inversely related to equities and it looks as though IAU is forming a possible breakout to the upside. This is our chance to capture a profit while all of the […]

Abraxas Pete Corp. (Ticker: ABAX) is one we made money on in 2011 and I’ve had this stock on my watch list ever since. Today the price closed with a bullish engulfing pattern after a bounce off of a role reversal support level. It’s one of the cheaper stocks we’ve traded but the technical charts […]

Here is the most recent chart of CLF, which was our last trade candidate. The reason I’m showing you this chart is so you can see why it’s so important to wait for the buy signal before buying your stock. The alert went out on January 3rd as the stock was approaching the role reversal […]