The Market Guys

The US Dollar has taken a beating over the past couple of weeks and as you can see from the candle chart above, the price has reached a key role reversal support level. I’m expecting the stock to bounce back to the 20-day moving average which is why we are buying the long-term Jan 2015 Calls.

The charts are showing strong evidence of selling activity. If you look at the 10 year (monthly) candle chart above you will see that I’ve pointed out the main signals that have brought me to our long put position. The steep angle of the most recent up leg is being threatened and once the price […]

Cirrus Logic (CRUS) has drifted well below the 20-week moving average and has now reached a level of role reversal support. This, combined with the fact that we are seeing a spinning top that is very close to a doji on the weekly candle chart, tells us the buyers are starting to move in. Our […]

This chart has a lot of information on it and it’s probably the most complicated I’ll get when it comes to describing price action. I wanted to show you how the US Dollar compares in price to Carnival Corp. When the value of the Dollar goes up, CCL goes down and vice versa. When the […]

This Friday marks expiration day for the November option chain. We are currently holding positions in the following companies; AMEX SPDR Energy Select Index (XLE), Amazon (AMZN), Netflix (NFLX), Biogen, Inc. (BIIB), Baidu, Inc. (BIDU), Oil Holders (OIH), Apple, Inc. (AAPL), The Volatility Index (VIX), Gold ETF (GLD) and Google (GOOG).

Last week we sold a credit call spread in Google, which expires next Friday. The stock has since moved higher and the spread has gone against us. This week we are initiating a repair strategy that will help us out and put us back on track for a profitable position. The divergence between the stock […]

Google has made a nice run to the upside in the past couple of weeks but it seems to have reached a point of resistance. The quick run higher has also drawn the stock a good distance away from the 20-day moving average, which is why we are selling the near term call spread. If the stock closes […]

Netflix has gapped up in a big way forming another gap target area that we can work with. We already have a condor position in this stock that will need some adjusting by the time May expiration day comes along but we are treating this as a new position. Our goal is to take in […]

This Friday marks expiration day for the November option chain. We are currently holding positions in the following companies; iShares Silver Trust (SLV), AMEX SPDR Energy Select Index (XLE), Amazon (AMZN), Netflix (NFLX), Biogen, Inc. (BIIB), Baidu, Inc. (BIDU), Oil Holders (OIH), Apple, Inc. (AAPL), The Volatility Index (VIX) and the Gold ETF (GLD).

It’s been a while since we last used our Free Stock Accumulation strategy but now is the perfect time to bring it back. As you can see from the chart of Apple, the stock is trading nicely between a well-defined trading channel. Support for the stock is around the 420 level and the resistance is […]