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Options Oracle: Expiration Week Alert 04/15/15

This Friday marks expiration day for the April option chain. We are currently holding positions in the following companies; Gold ETF (GLD), The Traveler’s Companies, Inc. (TRV), Netflix (NFLX), Diamonds (DIA), Russell 2000 Short ETF (RWM), Oil Services ETF (OIH), Apple Inc. (AAPL), Alibaba Group (BABA) US Dollar Index Bullish Fund (UUP), Autozone, Inc. (AZO), […]

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Equity Oracle: 04/09/15

As you can see from the 12-month daily candle chart, we are at the breakout point for the triangle pattern. If the stock breaks out over the $5 mark, the margin requirement will change, giving those who are already in the stock more buying power which creates more demand for the shares at these levels.

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Options Oracle: 04/09/15

Like last week, we are once again faced with a triangle pattern that is close to a breakout. This chart of Apple, Inc. is very similar to the one posted in the last alert for Novagold (NG). The credit put spread in Apple will pay for the long calls that we bought in NG, giving […]

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Equity Oracle: 04/03/15

This is a one-year candle chart of Pengrowth Energy Corp. (PGH) and as you can see from my notes, there are a couple of signals that tell us this might be a good time to buy into a long position.

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Options Oracle: 04/03/15

Triangles are very reliable patterns that are followed by many traders, and as you can see we are at the brink of a triangle breakout. Can the stock breakout to the downside? Yes it can, but we are not going to be too concerned about that because we will be placing a trade next week […]

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Equity Oracle: 03/27/15

This is a textbook Cup & Handle pattern that we see on the candle chart. The important part of this trade is that we wait for the green candle so we are sure the buyers are making a move to rally the stock over resistance. Our target price is the gap fill point, which I’ve […]

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Options Oracle: 03/26/15

As you can see from the weekly candle chart of Sandisk, the stock has stopped right at a key role reversal support level. This support level will help us manage risk by making it easier for us to pick the strike price we want to sell.

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Equity Oracle: 03/19/15

Last week an alert went out to buy Ford (F) and the stock rallied a bit but today we are seeing a red candle on lower volume as it nears resistance. This is a bearish sign that places us in a defensive position. There is an old saying that tells us…”never turn a winning trade […]

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Options Oracle: Expiration Week Alert 03/18/15

This Friday marks expiration day for the March option chain. We are currently holding positions in the following companies; Gold ETF (GLD), The Traveler’s  Companies, Inc. (TRV), Netflix (NFLX), Diamonds (DIA), Russell 2000 Short ETF (RWM), Oil Services ETF (OIH), Apple Inc. (AAPL), Alibaba Group (BABA) US Dollar Index Bullish Fund (UUP) and Autozone (AZO).

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Equity Oracle: 03/13/15

It was over a year since we last traded Ford and we did make money with it. As you can see from the chart above, the stock is bouncing nicely off of a well-established role reversal line. The volume is holding steady, which is a positive sign, but we need to be patient and wait […]

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