The Market Guys

For weeks now, I’ve been waiting for the pullback in Silver and Gold, and it looks like our time has come. The sell-off in the precious metals markets was a correction that was very much needed, and I think we will most likely see a short covering rally over the next few trading days. This, […]

This Friday marks expiration day for the September option chain. We are currently holding positions in the following companies: First Solar (FSLR), Costco Wholesale Corp. (COST), Baidu, Inc. (BIDU), Potash Corp. (POT), SPDR Gold Trust (GLD), General Electric (GE) and the condor spread we legged into for the Diamond Trust Series (DIA). Volatility in the […]

This week, we focus on Baidu, Inc. (BIDU). Baidu is trading within a well defined trading channel. The risk exposure for the position we hold is to the downside, but from the look of the trend, BIDU is still being controlled by the buyers. Watch this week’s video »

This week’s Oracle focuses on a long call position with General Electric (GE). If you did not get into this long call position with us last week, you can still join us by buying the Jan 13 10 calls at the market. Once you have done this, you can then sell your October 16 calls to […]

General Electric has taken a beating over the past six months but it looks as though we may have found signs of buying activity. With support just under the $15 price level, this area becomes our risk point. A close below $14 would require your moving out of this long call position and back into […]

If you have been following along with the weekly market reports and trade alerts, you would have seen that the signals we’ve been following worked like a charm. The monthly bullish engulfing pattern on GLD led us to higher prices in the precious metal, and other positions like the spread we have in FSLR could […]

This week, we look in depth at First Solar Inc. (FSLR). (more…)

Now that the Diamonds have broken down below the Head & Shoulder neckline, there is a good chance we will see a bounce in the market. I am not suggesting a long term rally, simply a bounce to re-test resistance. We currently hold a 3 legged condor on the books and we are now completing […]

Head & Shoulders patterns are some of the most reliable of all the price formations, and should not be ignored. It looks to me like DIA is in the process of forming such a pattern.

Our next strategy is to “Leg” into a bullish calendar call spread for Barrick Gold. This is a high probability trade that will require some patience and discipline. All of the bullish engulfing patterns have worked out well over the past 10 years, but we must always prepare for the worst. The video I’ve put […]