The Market Guys

The Proshares Short Russell 2000 ETF is an exchange traded fund that will allow us to make money should the Russell 2000 drop in price. As you will see from the video I’ve produced for you, the Russell 2000 is breaking down and the bears are moving in. This, in turn, will cause RWM to rally in price […]

The Diamonds have sold off since our last trade alert, as we expected, so now is a good time to take some cash from the market and bank the profit. As you can see from the chart above, the volume on the Diamonds is dropping. This suggests that the sellers might be losing some of their momentum so […]

Interestingly enough the Diamonds closed on the 50-day moving average, to the penny. If the market closes below this moving average on Friday it could spark the selloff we have been waiting for. The last time the market closed below the moving average on high volume, a major selloff followed and I see no reason why this can’t happen […]

This Friday marks expiration day for the September option chain. We are currently holding positions in the following companies; Gold ETF (GLD), Baidu, Inc. (BIDU), iShares Silver Trust (SLV), Amazon, Inc. (AMZN), The Traveler’s Companies, Inc. (TRV), Cancer Genetics, Inc. (CGIX), the S&P Volatility Index (VIX), Netflix (NFLX), Smith and Wesson Holdings (SWHC), Visa, Inc. (V) and McDonalds Corp (MCD).

At this point in time, while we are waiting for the market to correct, there are isolated buy signals that pop up from time to time. McDonalds Corp (MCD) is showing a hammer candle on the weekly chart that tells us buyers are still out there. This chart also gives us a clear level of support that will […]

As you can see from the daily candle chart above, Visa is forming a very nice Head & Shoulders Top. The highest probability for profit begins when the stock breaks down below the neckline, however, we are jumping ahead of this point because it looks as though the stock is making a move to test the neckline below.

Smith & Wesson (SWHC) has a strong track record with regard to filling the gaps. Negative news caused the stock to gap down yesterday and we are expecting the most recent gap to fill. However, we want to make sure that the stock is on its way back up before we buy the calls. If the stock looks […]

On August 7th an alert went out to buy the January 2016 70 Calls and we would up getting a better fill than expected ($8.50). We bought the calls as the stock was filling an open gap expecting that the stock would rally to fill the second gap to the upside. The stock did in fact rally but […]

This Friday marks expiration day for the August option chain. We are currently holding positions in the following companies; Gold ETF (GLD), Baidu, Inc. (BIDU), iShares Silver Trust (SLV), Amazon, Inc. (AMZN), The Traveler’s Companies, Inc. (TRV), US Dollar Index Bullish (UUP), Home Depot (HD), Cancer Genetics, Inc. (CGIX), the S&P Volatility Index (VIX), Netflix (NFLX) and Time Warner, Inc. […]

After the news was released that the marriage between 21st Century Fox and Time Warner was being called off, the stock dropped 13% and formed a gap that we can take advantage of. Our strategy is to buy the January 2016 70 calls and wait for the stock to rally back up to retrace some of the gap […]