The Market Guys

Last week when we sold the June 480/500-call spread for $3.20 I expected that it would take until June expiration for us to realize our profits. Surprisingly enough the price dropped enough in one week for us to realize an 11% profit in a short period of time. Although I think this call spread will […]

As you can see from the chart, Amazon has gapped up significantly after an earnings announcement the left investors feeling bullish. The company reported and “in-line loss” but the analysts are the ones who actually created the gap up when they reported that the sales numbers exceeded their expectations.

This Friday marks expiration day for the April option chain. We are currently holding positions in the following companies; Gold ETF (GLD), The Traveler’s Companies, Inc. (TRV), Netflix (NFLX), Diamonds (DIA), Russell 2000 Short ETF (RWM), Oil Services ETF (OIH), Apple Inc. (AAPL), Alibaba Group (BABA) US Dollar Index Bullish Fund (UUP), Autozone, Inc. (AZO), […]

Like last week, we are once again faced with a triangle pattern that is close to a breakout. This chart of Apple, Inc. is very similar to the one posted in the last alert for Novagold (NG). The credit put spread in Apple will pay for the long calls that we bought in NG, giving […]

Triangles are very reliable patterns that are followed by many traders, and as you can see we are at the brink of a triangle breakout. Can the stock breakout to the downside? Yes it can, but we are not going to be too concerned about that because we will be placing a trade next week […]

As you can see from the weekly candle chart of Sandisk, the stock has stopped right at a key role reversal support level. This support level will help us manage risk by making it easier for us to pick the strike price we want to sell.

This Friday marks expiration day for the March option chain. We are currently holding positions in the following companies; Gold ETF (GLD), The Traveler’s  Companies, Inc. (TRV), Netflix (NFLX), Diamonds (DIA), Russell 2000 Short ETF (RWM), Oil Services ETF (OIH), Apple Inc. (AAPL), Alibaba Group (BABA) US Dollar Index Bullish Fund (UUP) and Autozone (AZO).

This is a daily chart of the Autozone, Inc. (AZO) with the fan lines attached. Each new fan line represents an acceleration of the existing trend. Remember that as the angle of the trend increases, the chances of the stock dropping increase as well.

This is a 20-year monthly chart of the US Dollar Index (UUP) showing one of the most impressive rallies we’ve had in two decades. There are a couple of things that pop out on this chart that tell me the dollar is about to turn lower.