The Market Guys

This is an index that allows us to capture a profit from a falling dollar. As you can see from the daily chart of UDN, the price does not like to move far away from the 200-day moving average. In fact, the divergence in price is quite consistent over time, resulting in the price snapping back to the […]

This is a weekly candle chart for Sprint Corp. (Ticker: S) and as you can see the stock has stopped right at a key role reversal line around 7.74. If you were to look at a daily chart of the stock you would see some green candles starting to show as the stock begins to form a pivot […]

NUGT tracks three times (300%) the performance of the NYSE Arca Gold Miners Index. As a leveraged investment in the gold mining companies, it’s important that we properly manage the risk on these shares while giving the price enough room to breath. We are using a $10 risk per share calculation, which is the widest margin of error we’ve […]

Last week, on June 26th, an alert went out to buy Conagra Foods, Inc. (CAG). This was a contingent buy alert, which meant that we had to wait for the green candle before getting into the position. On the very next day the stock formed a bullish engulfing pattern and we jumped in. The stock rallied nicely for a […]

This is a stock that came up during the Open House Q&A session last Monday. I’ve never traded this one but the technical signals look promising. Notice the very obvious gap that occurred when the company lowered its earning expectations. I love trading the gaps but you need to have patience in order to pick your spots.

This stock has been in a narrow trading range for about three months now. The price action is showing signs of a potential break out but we have to be patient. Our goal is to wait for a green candle before we buy it and take a ride. Once you have bought the stock, it’s important for you […]

I like trading the cheap stocks when the market is in an overextended condition. Should the markets go through a corrective move to the downside, like I expect it will, the cheaper stocks tend to hold well in the storm. Last year when we traded this stock we had a good return and I’m expecting the same to happen […]

It’s been a couple of years since we last traded AT&T but today we are seeing a sign that tells us we should get back into this position. As you can see from the chart, above, the stock is showing a candle pattern today. On top of that, the stock is trading just above the 200-day moving average […]

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 […]