The Market Guys

Last Wednesday, May 21st, an alert went out on Home Depot to buy the January 2016 65 Calls for $15.40. There was a bullish engulfing pattern at the time and shortly after the alert went out the stock rallied. We are up about $2 on the calls and although it’s tempting to take a profit, I think it’s […]

It’s not often where we see a bullish engulfing pattern as a stock is breaking above the 200-day moving average, which is why I feel so good about this long call position. The short-term target area is close enough for us to capture a profit on these calls and there is enough liquidity in the front month calls […]

This Friday marks expiration day for the April option chain. We are currently holding positions in the following companies; Gold ETF (GLD), Baidu, Inc. (BIDU), iShares Silver Trust (SLV). Netflix, Inc. (NFLX), Amazon, Inc. (AMZN), The Traveler’s Companies, Inc. (TRV), US Dollar Index Bullish (UUP), Apple, Inc. (AAPL), Barrick Gold Corp. (ABX) and Abbott Labs. (ABT).

It’s been a long while since I’ve traded Abbott Labs but I never took it off my watch list. As I was searching for our next candidate I noticed that there was an increase in volume just as the stock was touching the resistance line. This suggests that the buyers might be making an attempt to rally the […]

News from Forbes today stated that the Ukraine and the U.S. economy are likely to remain on center stage for the gold market next week, as traders watch to see whether geopolitical tensions lead to more safe-haven demand for the precious metal and as participants continue to gauge how U.S. data is likely to influence Federal Reserve policy-making.

As you can see from the chart of AAPL the stock has gapped up right to an established resistance line around 573. The front month premium is loaded with volatility and this puts us in a good position to collect cash from this bearish credit call spread. My expectations are that the stock will make a move to […]

This Friday marks expiration day for the April option chain. We are currently holding positions in the following companies; Gold ETF (GLD), Diamonds Trust (DIA). Baidu, Inc. (BIDU), iShares Silver Trust (SLV). Netflix, Inc. (NFLX), Amazon, Inc. (AMZN), AT&T (T), The Traveler’s Companies, Inc. (TRV), Coca Cola Company (KO) and US Dollar Index Bullish (UUP).

As you can see from the chart of UA the stock has dropped significantly from the highs and has now reach a minor level of support. The drop in volume, along with the bullish engulfing pattern earlier this week, tells us it’s time to take the profits on our puts and run. I would suggest that you keep […]

One of the great things about trading the Dollar Index is that you can position yourself on either side of the market, whether the Dow is moving up or down. The U.S. Dollar will always be on the move and if you think there is a chance the dollar will rally, you simply buy UUP, if you think […]

The Coca Cola Company is looking a little bullish here as the stock closed with a Bullish Engulfing Pattern. Today’s high was right at the breakout point but the engulfing pattern tells us the buyers may be ready to rally the stock. Our goal is to buy the Jan 2016 33 Calls and hold them until the stock […]