Author Archive for: Alex - Chart Freak
About Alex - Chart Freak
I’ve been a full time trader for well over a decade and began trading in the late 1990s while working in management and sales at a well-known aerospace company. As my style evolved, so did my success, and it allowed me to leave corporate America to pursue my passion and trade full time.
Entries by Alex - Chart Freak
I am seeing signs that the General Markets are close if not already at their next lows, and as expected, I also believe that Oil has put in its lows. I want to discuss what this might mean going forward.
The General Markets reversed higher on Tuesday, however...
It has been a while since I posted a Public Report, so I want to post part of this past weekends report to the Public.
For my Readers, I post daily reports to discuss the markets and also offer 'trade set ups' if certain sectors are acting bullishly, but I like to use the weekend report to step back and take a look at the Bigger Picture. This report will show you some of what we have been discussing at Chartfreak. This is part of the May 11 Big Picture Weekend report .
What a week! On Monday I said that I expected volatility, choppy trade, and even the drop down into a dcl this week and that is just what we got. Even when you expect it, a sell off in addition to the current news events often make you want to step back and ponder what the future market environment may hold, so lets take a step back & look at the Bigger Picture.
Thursdays trading finished up with many charts technically looking the same as they did on Wednesday. We did see some reversals, but no swing lows in place yet. Today (Friday) is the deadline for the U.S. - China talks, so that choppy week of trading was anticipated, but now what? Let's take a look, there are many clues...
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