Archive by Author

Options Oracle: 05/30/14

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 […]

Leave a comment Continue Reading →

Equity Oracle: 05/29/14

It’s been a long time since we last traded JC Penny (JCP) but it’s one I never took off of my watch list. One of the most important reasons for having a watch list is because stocks tend to cycle. If you have a list of stocks that you are familiar with, eventually those stocks will give off […]

Leave a comment Continue Reading →

Options Oracle: 05/21/14

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 […]

Leave a comment Continue Reading →

Equity Oracle: 05/21/14

We’ve successfully traded Highpower International, Inc. (Ticker: HPJ) in the past and had great results. Once again the stock is giving us a buy signal as it bounces off the 200-day moving average. The secondary confirmation that shows us the buyers are coming in is through the strong green candle as it moves up and away from a well-established […]

Leave a comment Continue Reading →

Equity Oracle: 05/16/14

We have done very well lately trading the cheaper stocks and EGLE looks like it’s going to be another good one for us. Today the stock closed with a solid green candle on higher volume. The higher volume suggests that the buyers are building momentum that could lead to a breakout of the near term resistance level.

Leave a comment Continue Reading →

Options Oracle: Expiration Week Alert 05/13/14

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).

Leave a comment Continue Reading →

Equity Oracle: 05/09/14

We have been very successful trading COCO on the bounces. This week the stock took a dive and left a gap in the process. This gap has not become our target point around 1.20. Today the stock looks like it is going to close with a bullish engulfing pattern. If the candle is still green by the time […]

Leave a comment Continue Reading →

Options Oracle: 05/09/14

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 […]

Leave a comment Continue Reading →

Equity Oracle: 05/02/14

Barrick Gold is bouncing nicely off of a well-established trendline. On top of this bullish signal, the news is looking positive for the gold market. Geopolitical tensions in the Ukraine are leading investors to the traditional “safe haven” investments with Gold being the main area of interest. I’ve put out an alert for our Option traders as well to […]

Leave a comment Continue Reading →

Options Oracle: 05/02/14

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.

Leave a comment Continue Reading →