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Equity Oracle: 07/01/2011

In this Oracle, we discuss the Commodity Indexed Trust (Ticker: GSG). In October, the price broke through a well defined resistance area, but now it’s come back to the $34 level, which is now acting as a role reversal support level. This is an opportunity for us to trade the channel with a target price of […]

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Equity Oracle: 06/25/2011

Personal care companies generally do well when the economy is sagging. When folks are under financial pressure, they manage to find ways to feel good about themselves, and Avon is one of those companies that caters to this idea.

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Equity Oracle: 06/18/2011

Last week we tried to get into Abraxas, but the hammer pattern didn’t hold by the end of the trading day. Don’t shy away from this one, because the stock has reached yet another support level on high volume.

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Equity Oracle: 06/10/2011

We like to trade the gap strategies and AXAS is giving us a nice opportunity for a short-term profit now that the gap has filled today. Most of the time a stock will reverse direction after the gap is filled; however, you need to be mindful of your stop loss strategy.

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Equity Oracle: 06/04/2011

There are some bullish signals showing up for the S&P ETF (SPY) and I think we are about to see a short term rally in the market. The inverted hammer at a role reversal support level is a good indication that the bulls are getting ready to charge. Our stop level would be at a […]

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