Entries by Alex - Chart Freak

Friday March 22 – Refresh

Yesterday I discussed 2 things:

1.  A Post Fed Reaction into the close Wednesday,  that may or may not be just a 'knee-jerk' reaction, and

2.  The next day where you can get follow through or another reaction.  Today I want to take a look at a few sectors and see what we got.  This is Friday,  the last trading day of the week...

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March 21st- Post Fed Observations

Last year it seemed like we were hearing about 4 Rate Hikes in 2018 and 3 or 4 more possible in 2019.  Wednesday  Fed Chairman Powell said that the US Economy is doing well, and no rate hikes should be expected in 2019.  So now we will take a look at what happened to the markets after the Fed Decision and his speech, and then we face the question...

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The Markets Building Blocks

Today is the FOMC Meeting , and even when the markets get a feel for what is going to take place, we often see periods of high volatility around the time of that decision, into the close, and possibly even into the next day.  Let's just discuss the current market set ups...

 

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March 15th – Watch For ‘Cracks’

Financial market movements can be erratic on days when options and futures contracts expire, especially on Triple Witching Friday.  Today is that day. Along with that,  I want to point out a couple of 'Cracks' that may be appearing in various parts of the Markets. When cracks begin to show up, it is good to take note and use a little more caution, because the strength of what is supporting things may give way. Let's take a look...

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SPX -  The SPX is at resistance, as mentioned in prior reports.  I also said that it could get choppy from here...

 

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Wednesday March 13th – Fast Trades

Some of the trade set ups  that we have been reviewing are resolving quickly to the upside, so it may require pouncing on the set up before it breaks out, and it also may involve jumping off of the trade or cashing in, before it pulls back.  Well,  that is if you are in it as a short term trade.   Some can be held for longer periods of time and allow them to play out. We will discuss that at the end of the report.  Let's review the markets.

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SPX -  The SPX closed above the 10sma again, but it is also back in that resistance area.   It got choppy here at the end of February, and that may happen again if it can't break through resistance. The MACD is not breaking as strongly as price- usually indicates short term choppy. 

 

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