Signs of strength are popping up everywhere...
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April 4th - I've been expecting a dip down to a dcl.
We had the Fed Minutes released today and the SPX ( or markets in general ) is NOT breaking down. These markets are not breaking down at the 13 sma, and they look like they still want higher prices. Is this just going to go sideways as a consolidation?
Consider this too...
Read MoreHere at Chartfreak, we discuss the day to day market movements and trade set ups, but we also review the bigger picture at times too. So in this weekends premium report, that's what we did. I'm going to release about 75% of my weekend report here, to give you some of my bigger picture views. Please remember that since this was the weekend report, many of these charts are from last Friday. Enjoy.
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SPX QUARTERLY - In 2015, I pointed out bearish signs that I was seeing in the markets and expected a drop. Then I showed subscribers this chart back in January. I was pointing out the break below certain critical areas where bear markets began at prior tops. I said we would watch these on a Quarterly, Monthly and Weekly basis, to see if we have put in another top.
Read MoreBy the end of the day, we'll all be well Fed. The Fed minutes are released today. Will the markets react? We shall soon see.
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SPX - April 1 - Expecting a pull back
SPX April 5- We are getting a pull back and finally breaking below the 13 sma that I have been watching.
Even that MACD that was holding tight is breaking down, lets see what the Fed can do.
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Read MoreThe various sectors of the markets continue to chug along and stretch out, ahead of the FED this week. The Fed Minutes are released Wednesday. Obviously since the weekend report was posted, not a whole lot has happened, but lets review our expectations anyway.
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SPX- An idea from the weekend report. A pullback similar to the OCT -Nov run higher.
I captured this chart of the SPX Midday today. Notice...
Read MoreHere at Chartfreak, we have always discussed the day to day market movements, trade set ups, and the bigger picture where things seem to be heading as time goes by. So in this weekend report, lets discuss the various sectors of the markets again, short term and the Big Picture scenarios.
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SPX QUARTERLY - If you were subscribing back in January, you may recall this chart. I was pointing out the break below certain critical areas at prior tops never recovered, and I said we would watch these Quarterly, Monthly and Weekly.
Read MoreThe Jobs report was released and I dont really see anything that I didn't expect at this point. Since it is the last trading day of the week, I'm just here to do a quick review.
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SPX - This was the chart in the Thursday report. I expected a pullback with that toppy candle Wednesday. It may not be a huge pullback, I do expect another run higher in the next daily cycle.
Read MoreThe various sectors of the markets have been a bit tricky to identify strength-wise in the short term. I'll show you what I mean...
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SPX - With this set up, I wondered if we saw an Early dcl. We had the trend line break and a move below the 10sma. If THAT shallow pull back is all we got, this little rally could become quite the threat moving higher.
But...
Read MoreI heard that Janet Yellen had lunch on Tuesday and spoke quite a bit about...never mind, lets just say that she spoke quite a bit.
Some things that I heard seemed to contradict other things that she said, but we see from the moves mid day onward, the markets received it positively. There are some very interesting developments...
Read MoreMonday saw many areas of the markets doing pretty much what was expected, pulling back, consolidating, and just plain ole bouncing around.
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Read MoreLets discuss what I think we are going to see going forward from here. Just like we have seen in the past, it will NOT be a straight move in one direction, I expect volatility along the way. The above picture helps us to see what to expect 🙂
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SPX- After a nice multi week rally, I have been saying that we are due for a pull back. I do not think that the 3 day pull back that we got is all that we will get, even though that was a reversal candle on Thursday. We are at resistance for 1 thing, and ...
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