Nikola has taken a beating over the last few weeks but the news regarding the GM Deal could get this stock right back on track. Our goal is to buy it on the opening and immediately set our stop below support, using the 1% Rule for Managing Risk. I’ve laid out the instructions for you […]
Archive by Author
Equity Oracle: 09/24/20
As I mentioned in my video recording, the Monthly Candle charts are looking extremely bearish for the next couple of months. Rarely do I suggest for our members to move to cash, but I want to make sure everyone is protecting their money as the technical signals continue to turn bearish. I’d rather exit the […]
Equity Oracle: 09/23/20
We are exiting this position in VXX tomorrow Sept. 23rd. The signals are no longer looking as bullish as they did last week so it’s better to take a small profit now rather than risk turning this winner into a loser. Keep in mind that this is a trade setup for the opening of the […]
Equity Oracle: 09/17/20
Below is a link that will bring you to the latest trade alert from The Equity Oracle. In the video I mentioned a Webex Event for traders who are not personal clients of mine. This event I mentioned is a separate event from the Open House Q&A Session that will take place on Monday the 21st. Below […]
Equity Oracle: 09/09/20
While my comments regarding risk management might seem a little redundant, I feel it’s important to stress the importance of managing risk on this position. I’ve been trading Gold and Silver since 1982 so I know how touchy this market can get. The price pattern and signals are looking bullish right now but be sure […]