Archive by Author

Equity Oracle: 05/02/14

Barrick Gold is bouncing nicely off of a well-established trendline. On top of this bullish signal, the news is looking positive for the gold market. Geopolitical tensions in the Ukraine are leading investors to the traditional “safe haven” investments with Gold being the main area of interest. I’ve put out an alert for our Option traders as well to […]

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Options Oracle: 05/02/14

News from Forbes today stated that the Ukraine and the U.S. economy are likely to remain on center stage for the gold market next week, as traders watch to see whether geopolitical tensions lead to more safe-haven demand for the precious metal and as participants continue to gauge how U.S. data is likely to influence Federal Reserve policy-making.

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Options Oracle: 04/24/14

As you can see from the chart of AAPL the stock has gapped up right to an established resistance line around 573. The front month premium is loaded with volatility and this puts us in a good position to collect cash from this bearish credit call spread. My expectations are that the stock will make a move to […]

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Equity Oracle: 04/24/14

Cirrus Logic, Inc. looks like it is making a move to break out over the near term resistance line. The volume suggests that the buyers are ramping up momentum and our goal is to buy the stock and hold it until the gap target(s) fill. Please be sure to review the notes I’ve provided for you below and watch […]

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Equity Oracle: 04/18/14

Office Depot closed with a bullish engulfing pattern on an established support level. There is also a gap above the market that is expected to fill. The strategy is simple, buy the stock, set your stop 50 cents below your buy price and trail your stop up as the stock makes a move to higher levels. I like the […]

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Options Oracle: Expiration Week Alert 04/15/14

This Friday marks expiration day for the April option chain. We are currently holding positions in the following companies; Gold ETF (GLD), Diamonds Trust (DIA). Baidu, Inc. (BIDU), iShares Silver Trust (SLV). Netflix, Inc. (NFLX), Amazon, Inc. (AMZN), AT&T (T), The Traveler’s Companies, Inc. (TRV), Coca Cola Company (KO) and US Dollar Index Bullish (UUP).

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Equity Oracle: 04/11/14

Today, Potash has formed a Doji candle pattern right at a key role reversal support level. This is going to have to be a contingent buy order because we have not yet seen the pivot point form. Once we have a green candle over support you can buy it and then place your stop just below support (around 31.42).

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Options Oracle: 04/11/14

As you can see from the chart of UA the stock has dropped significantly from the highs and has now reach a minor level of support. The drop in volume, along with the bullish engulfing pattern earlier this week, tells us it’s time to take the profits on our puts and run. I would suggest that you keep […]

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Equity Oracle: 04/04/14

On March 28th an alert went out to buy XLU at 40.92. The stock has since gone up but it is now showing signs of a possible pullback. I don’t want to turn this winner into a loser so I think it’s best for us to take our profits and run. There was a bearish engulfing pattern that […]

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Options Oracle: 04/04/14

One of the great things about trading the Dollar Index is that you can position yourself on either side of the market, whether the Dow is moving up or down. The U.S. Dollar will always be on the move and if you think there is a chance the dollar will rally, you simply buy UUP, if you think […]

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