Silver is one of those commodities that trade very technically. In other words, the price action follows the technical signals the majority of the time and this time we are seeing a very well defined bullish engulfing pattern forming on the daily candle charts.
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Equity Oracle: 11/01/12
Vringo, Inc. (VRNG) was one that we traded not too long ago but it’s time for round two with this stock. The technical signals are setting up perfectly for a bounce as the stock came down yesterday (Wednesday) to fill the gap on the downside.
Equity Oracle: 10/18/2012
The fundamental report on this stock does not look as promising as the charts to but what I’m seeing within the mobile phone industry really get my attention. On page two of this report you will see some statistics that my help you find your next big investment idea. I believe the mobile media market is a great […]
Equity Oracle: 10/11/2012
For weeks now I’ve been expecting a pullback in the general market, which makes it more difficult for me to find the right buying opportunity. As the broad-based indecies reach levels of resistance it’s important for us to use contingent buy strategies to cut down on our risk exposure. The pattern we are seeing in Citigroup is a […]
Equity Oracle: 10/04/2012
The VXX is a cheap way to short the market without exposing yourself to a lot of risk. The S&P VIX Short Term ETF moves inversely to the S&P and it’s a great way to trade the volatility index for a small amount of money. When the S&P drops in value this ETF goes up in price. Watch […]
Equity Oracle: 09/25/2012
As you can see from the daily chart of the QQQ, we are showing a bearish engulfing pattern right at a key support level as the volume is increasing. This tells us the sellers are moving in and it’s the news from the Fed that is driving this selloff. Watch this week’s video »
Equity Oracle: 09/20/2012
Genpact, Ltd. (G) is a stock we have not traded but the technical signals are telling me this could be a good candidate for us. The stock looks as though it is making a move to fill the gap so our strategy is to buy it, place a stop below support (below 16) and set a sell order […]
Equity Oracle: 09/13/2012
The first time we traded Facebook it didn’t work out so well and we wound up getting stopped out. Fortunately, we used the 1% rule for managing risk so it wasn’t that bad of a hit. The stock has finally found a level of support that I think we can count on which is why we are […]
Equity Oracle: 09/07/2012
As you can see from the weekly candle chart of General Electric, the price closed exactly at the resistance high. The volume for this week was slightly higher, indicating that the buyers are showing more interest at the higher price levels, but we still have to wait for the breakout before we buy the stock. Watch this week’s video »
Equity Oracle: 08/31/2012
It’s hard to find a buy candidate when you are expecting a pullback in the general market but this is one that is showing enough positive signals to warrant a long position in the stock. The price action on Thursday closed with a bullish engulfing pattern on strong volume which suggests the buyers are moving in. This bullish engulfing […]