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Options Oracle: 08/05/2011

Now that the Diamonds have broken down below the Head & Shoulder neckline, there is a good chance we will see a bounce in the market. I am not suggesting a long term rally, simply a bounce to re-test resistance. We currently hold a 3 legged condor on the books and we are now completing […]

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Options Oracle: 07/29/2011

Head & Shoulders patterns are some of the most reliable of all the price formations, and should not be ignored. It looks to me like DIA is in the process of forming such a pattern.

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Options Oracle: 07/23/2011

Our next strategy is to “Leg” into a bullish calendar call spread for Barrick Gold. This is a high probability trade that will require some patience and discipline. All of the bullish engulfing patterns have worked out well over the past 10 years, but we must always prepare for the worst. The video I’ve put […]

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Options Oracle: Expiration Week Alert 07/13/11

Last month I spoke about the treacherous road ahead, along with my thoughts of a short-term rally in the markets. We got the rally we were looking for but I remain cautious as we wait for news from Washington regarding our budget deficit. You should not be fearful of this market. Put a strategy together, […]

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Options Oracle: 07/09/2011

Please go back to last weeks Options Oracle report and review what wassaid before continuing on with this weeks report. Also be sure to reviewthe video from last week. Once you have done this, look at the currentchart of the Dow Jones Industrial Average so you can see how well thetechnical signals are working out. […]

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Options Oracle: 07/02/2011

We had a perfect set up for a pivot point to the upside and we were able to take a long position in DIA by purchasing the long-term calls in our position. On the second page of this report you will see the most recent weekly candle chart so you can see how well the […]

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