Archive by Author

Options Oracle: 04/11/14

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 […]

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Equity Oracle: 04/04/14

On March 28th an alert went out to buy XLU at 40.92. The stock has since gone up but it is now showing signs of a possible pullback. I don’t want to turn this winner into a loser so I think it’s best for us to take our profits and run. There was a bearish engulfing pattern that […]

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Options Oracle: 04/04/14

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 […]

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Equity Oracle: 03/28/14

The Chart of XLU is showing a short-term upward trend that is accelerating nicely. Former bullish engulfing patterns have been reliable and the most recent engulfing pattern shows an increase in volume as the stock approaches the March 18th high. Don’t pay too much attention to today’s volume candle because I am sending this alert out during the trading […]

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Options Oracle: 03/27/14

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 […]

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Equity Oracle

With the end of the first quarter quickly approaching, it is a good idea to take a position that will allow us to take advantage of the tax selling we expect to see in April and May. One of the best ways to capture a profit from a downturn in the market is to go with a stock […]

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Options Oracle: Expiration Week Alert 03/19/14

This Friday marks expiration day for the March 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), Dollar General, Corp.(DG), Under Armour, Inc. (UA), Apple Inc. (AAPL), Huntsman Group (HUN), and The Traveler’s Companies, Inc. (TRV).

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Equity Oracle: 03/13/14

It’s been nine months since we traded UUP and we have been profitable trading it from the long side. So far this week, the Dollar Index is showing a hammer pattern as it bounces off of a well-established role reversal support level that was formed when the stock filled the gap back in October of 2011.

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Options Oracle: 03/13/14

This is the first time we’ve traded TRV and it was hard to ignore the bearish engulfing pattern that showed up today on the daily candle chart. There are a couple of other signals that are developing that tell me the stock is heading lower. First and foremost, the stock is now trading below the former trend line. […]

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Options Oracle: 03/07/14

This is the first time we have traded Huntsman Group through an option strategy and it was hard to ignore the bearish engulfing pattern today. As you can see from the chart, the stock closed yesterday with a long upper shadow which signals the sellers are putting pressure on the stock.

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