This week we saw a respectible bullback in the metals market but I think it’s time for a bounce. I’ve outlined the key support and resistance levels for Freeport McMoran Copper & Gold (FCX) along with my short-term price target for the stock. My support level is drawn from the gap fill point and my target area is measured […]
Equity Oracle: 11/09/2011
This week, we take a look at Microsoft (MSFT). If you have been following along with the Market Guys strategies for trading, you will know that we normally don’t buy a stock when it is trading at, or near, a resistance area. This stock isn’t any different, which is why we are waiting for the […]
Equity Oracle: 11/04/2011
This market has been trading perfectly in line with the technical signals. We pulled back this week to fill the upside gap from last week. Yesterday we filled the downside gap that was left on Tuesday and now we are on our way to test the resistance role reversal high. If we break out over […]
Equity Oracle: 10/28/2011
In this week’s Oracle, we analyze Boise (BZ) and Gold Miners ETF (GDX). Although we are showing a strong green candle with the latter, the volume is not supporting the price action. This tells me it is time for us to take a profit in the stock. It will probably pull back a little bit […]
Equity Oracle: 10/20/2011
Last week the call was to sell out of our Boise position in order to take the small profit we had. That turned out to be a good decision and as you can see from the most current chart of the stock, we picked the perfect time to exit the position. This week, I have […]
Equity Oracle: 10/14/2011
This market has become very predictable, and from what I can see, it looks as though the bears are coming out of the woods. This is another reason why we are taking our profits on Boise. I have not found any positive signs today in the market, so I’m waving my caution flag with the […]
Equity Oracle: 10/07/2011
The market has been fairly predictable lately, as it’s been trading nicely within the defined trading channel. We have been able to use the gaps for short-term price targets and support has been holding well. Watch this week’s video »
Equity Oracle: 09/30/2011
Gap trading is one of the more reliable strategies for this type of market, and with the volatility we have been seeing lately, this next trade candidate (Boise, Inc.) is giving us the perfect set up. Boise (BZ) gapped down on Wednesday, and the price is right at a key support level. The spinning top […]
Equity Oracle: 09/23/2011
This week, we take a look at the iShares Silver Trust (SLV). Go back to the trade alert that I put out on Sept. 16th and read what I wrote about the 1% rule. This is not something you should be taking lightly, especially with the way the markets have been performing lately. Our trade […]
Equity Oracle: 09/09/2011
We mash it, we cream it, we salt it, we love it…it’s corn. I can’t think of a single commodity that is so versatile, yet few people actually know how to trade it. In this Oracle, we look at the Teucrium Corn Fund (CORN). With this fund, we are right at a role reversal support […]