The US Dollar has been trading right in line with the technical signals making it easier for us to forecast the price action. UDN moves inversely to the Dollar and it’s not bouncing off of a well-established trend line. Our goal is to buy into it at the market (around 22) and ride it up […]
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Equity Oracle: 09/18/15
I’ve said it before and I’ll say it again…gap trading is one of the most reliable strategies you can follow when trading the stock market. Another thing that you can count on is the fact that gaps fill 80% of the time and after they fill there is an 80% chance that the price will […]
Equity Oracle: 09/09/15
On August 21st we closed our position in DOG for a profit as the stock hit a resistance point. Now that the stock has pulled back we can see that a clear bullish engulfing pattern has surfaced.
Equity Oracle: 09/03/15
On August 21st I put out an alert to buy Geron Corp. (GERN) at the market after the stock closed with a bullish engulfing pattern. In the video I explain why you should be taking profits in that position today.
Equity Oracle: 08/27/15
In June we tried to get into ABX with a contingent buy alert but we never got the bullish candle we were looking for. At this point, things are looking much more bullish for Barrick Gold and it seems as though a new trading channel is forming.
Equity Oracle: 08/21/15
On August 7th a contingent buy alert went out on DOG to buy only on a green candle over resistance. Now that the stock has broken out we can see that the price is now hitting resistance on lower volume. This is a contrarian instrument that goes up with the market drops.
Equity Oracle: 08/12/15
The main benefit behind using a contingent buy order is that it saves you from buying a stock that is being controlled by the sellers. Many times it’s tempting to buy a stock when you feel that it’s hit a bottom however, if the stock is not bouncing off of a key support level, the […]
Equity Oracle: 08/07/15
For months I’ve been talking about a potential breakdown in the market and it looks as though that time has come. This week the unemployment numbers came out and the analyst believe the data is strong enough to support a rate hike by the Fed.
Equity Oracle: 07/29/15
Risk management starts with the entry price, which is why I’ve highlighted this point in the video. Yes, it’s obvious that TWTR gapped down today, and it’s easy to see that the candle is red, but that doesn’t mean the candle will stay that way by the end of the day.
Equity Oracle: 07/24/15
Last week I was very clear about waiting for the green candle before buying into OIL. We never got the green candle that we were waiting for and the stock wound up breaking out below support. This is a perfect example of how important the contingent buy can be with regard to managing risk. Risk […]