The Market Guys

This Friday marks expiration day for the September option chain. We are currently holding positions in the following companies; Gold ETF (GLD), The Traveler’s Companies, Inc. (TRV), Diamonds (DIA), Oil Services ETF (OIH), Apple Inc. (AAPL), Alibaba Group (BABA),PowerShares US Dollar Bearish Fund (UDN), iShares Silver Trust (SLV), Barrick Gold Corp. (ABX), Twitter Inc. (TWTR), […]

Tesla Motors (TSLA) has been in an upward trend for a good long time, but recently the stock has formed a double top formation, which, I believe, will hold as resistance until after the October expiration.

The oil stocks have taken quite a beating over the past couple of month but are now showing signs of a bottom. Today, BP is bouncing off of a 20-year support level after a hammer pattern showed up on the charts yesterday.

There’s a lot going on in the currency markets this week and China seems to be the cause for all of the volatility. Traders who focus on the Forex markets mainly follow technical charts to make their decisions because there is just too much fundamental data to analyze at any given time.

This Friday marks expiration day for the August option chain. We are currently holding positions in the following companies; Gold ETF (GLD), The Traveler’s Companies, Inc. (TRV), Netflix (NFLX), Diamonds (DIA), Oil Services ETF (OIH), Apple Inc. (AAPL), Alibaba Group (BABA), Chipotle Mexican Grill (CMG), PowerShares US Dollar Bearish Fund (UDN), iShares Silver Trust (SLV), […]

When I look at a chart, the first thing I do is scan the price action to see if there are any recognizable patterns. As you can see from this one-year, daily candle chart of AMZN, there is a pattern of upside gaps that are followed by fairly long trading channels that have lasted about […]

As you can see from the 3-year weekly chart of Google, the stock rallied quite a bit in 4-weeks ago and just after a bullish engulfing showed up on the chart. This week, the stock is showing a long shadow above the candle, which suggests that the sellers are starting to move into the stock.

This is one of the few times where I’m buying on the opening price. Twitter came out with earnings news after the close today, causing the price action to go wild in the after hours trading session. Mere minutes after the close, the stock zoomed up to $41 then down to $36…back up to $39 […]

Let’s go through the checklist…There is a gap above the market, we have a well-defined green candle, and the volume has been dropping as the price has been falling (bullish). I did not add a 50-day moving average to this chart, but if I did you would see a very wide divergence from the SMA, […]

The link will bring you to a video that highlights the positions we hold in GLD, TSLA, CMG and SLV, along with my system for managing repair strategies: I’ve also attached a PDF file that includes all of the instructions for trading and rolling our existing positions. Things are looking very good right now and […]