The Market Guys

Here is a trade candidate that is going to require that we wait for the buy signal before we jump into the trade. Merck & Co. has enough volatility for us to trade it and it seems to follow the technical signals very well. Remember that risk management starts with the entry point.

Last week we bought the ProShares Short Dow30 (DOG) in an effort to profit once the gap fills on that stock. I’m still holding this position so if you haven’t yet bought into that one with us, it’s still a good trade. In addition to this we are now looking at Huntsman as a possible long candidate but […]

The ProShares Short Dow 30 ETF is a great way to take advantage of a sell of in the Dow Jones Industrial Average. This is a “contra” ETF that goes up in price when the Dow drops in value. The great thing is that you don’t have to lay out a lot of money to take a position […]

I’m sorry to say that we are slowly evolving into the European State that I’ve been warning people about. My advice to you, as an investor/trader, is to plan ahead for a significant downturn in the US economy and a downturn in the markets as a whole. The trade I am suggesting will allow you to profit from […]

The iShares Gold Trust is a great way to trade gold. It basically represents 1/100th of an ounce of gold and moves in direct proportion to gold as it trades on the commodity exchange. As you can see from the chart (above) we have reached a level of role reversal support with a gap still open at the […]

On November 29th I sent out an alert to buy Bank of America at $9.76 after the technical charts gave us a sign that the stock was ready to breakout into higher territory. As we look back on the price history you can see that BAC did exactly that. However, the charts are now telling us that it’s […]

Most of the time I am buying on a role-reversal support level or selling on a role-reversal resistance line, but in a rare instance I will trade the Wedge Pattern. A wedge, aka flag, pendent or triangle, is a fairly reliable price pattern that suggest a possible break out is about to occur. In this case, the buyers […]

All of the major indices are showing bullish engulfing patterns and although Bank of America is not showing an engulfing pattern, it is showing bullish tendencies. For instance, the long shadow under the green candle tells us the sellers tried to push the stock down during the course of the day, but the buyers came back with force to […]

Macy’s has formed a Cup & Handle pattern and it looks as though the stock is making a move to break out to the upside. The Cup & Handle pattern is a popular price pattern among active traders and the video I’ve produced for you will explain the pattern in detail. The “Brim” of the cup is where […]

The Oil Sector is looking a little oversold right now as we reach for a role reversal support level around the $36 area. The drop in trading volume suggests to me that the selling pressure is easing up a bit. When you see that happen at a major support level the buyers start to pay attention and often you […]