The Market Guys

I’ve also attached a PDF file that outlines the details behind this trade candidate. Our goal is to take profits from other positions we trade and use this money to pay for these calls entirely. Please be sure to review all of the information before placing any trades to your account.

Buying a call is a bullish strategy so we have to first make sure the chart is showing bullish signs. As you can see from the daily candle chart above, the stock is starting to pivot off of a well-established support level within at textbook triangle pattern. In the video, I also pointed out the […]

Selling a credit put spread is a bullish strategy so we have to first make sure the chart is showing bullish signs. As you can see from the weekly candle chart above, the stock is starting to pivot off of a well-established role reversal support level. In the video I also pointed out the obvious […]

This Friday marks expiration day for the June option chain. We are currently holding positions in the following companies; Gold ETF (GLD), The Traveler’s Companies, Inc. (TRV), Netflix (NFLX), Diamonds (DIA), Oil Services ETF (OIH), Apple Inc. (AAPL), Alibaba Group (BABA), Google, Inc. (GOOG), Baidu, Inc. (BIDU), SPDR S&P 500 ETF (SPY), and Tesla Motors, […]

Credit call spreads are one of my favorite ways to trade in a bear market. If you lookat the chart of Tesla Motors (TSLA) you will see that the price reached a key level of resistance and the volume is dropping as the price has been moving higher. This is the first bearish signal.

Credit call spreads are one of my favorite ways to trade in a bear market. If you look at the chart of the S&P 500 ETF you will see that the price has broken out below the bottom triangle line on high volume. This tells us that the sellers are starting to take over.

Gaps above the market, hammer candles, and spinning tops are just a few of the things I look for when I’m shopping for a buy candidate. In this case, we have all three of these signs as GLD starts to make a turn higher just three days after the last gap was formed.

Selling vertical credit put spreads is a bullish position and as you can see from the chart above, Baidu is showing a bullish engulfing pattern as the price is bouncing off of a key role reversal support level. The other bullish confirmation is the fact that the volume has been dropping as the stock has […]

This Friday marks expiration day for the May option chain. We are currently holding positions in the following companies; Gold ETF (GLD), The Traveler’s Companies, Inc. (TRV), Netflix (NFLX), Diamonds (DIA), Oil Services ETF (OIH), Apple Inc. (AAPL), Alibaba Group (BABA) US Dollar Index Bullish Fund (UUP), and Google, Inc. (GOOG).

As you can see from the weekly candle chart of Google, Inc. (GOOG), the price action has formed a classic, textbook, triangle pattern. As we have learned from our experience with trading triangles, once a stock breaks out above resistance, or below support, the price will generally continue in that direction for a while before […]