Entries by Alex - Chart Freak

Thursday January 9th – What was That In The Road?

January 9, 2020 in /by

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Was a Pullback in the Precious Metals Sector possible?   Yes, I even posted this chart as an example of  what we could see...

FROM MONDAYS S REPORT:

GDX – We also could build a handle to the 50 sma if the pause or dip continues.  Churning sideways is normal action, you can see it in June/July and the end of July.

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I wouldn't exactly call Wednesdays action just a normal churning type of a pull back, so let's discuss what we saw and also discuss what may come of it. First we'll cover the General Markets and Oil...

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Weekend Review January 5th

January 5, 2020 in /by

This week we saw some acceleration in some areas and some choppiness in other areas of the markets, so I think that this Big Picture Weekend Report can help to clarify things as we come out of a somewhat choppy week.  Lets take a look...

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SPX DAILY - I am seeing what looks to be some topping action on the daily charts, so we may continue to see some choppiness and then a dip into a dcl.   The 13 sma stop would still have you long though.  Since this also looks to be a R.T. Daily cycle,  we should see a higher low, maybe just a chop down to back test the 50sma.

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Bye Bye 2019 – BUY BUY 2020

December 31, 2019 in /by

This is Dec 31st, the final trading day of 2019. As mentioned in the weekend Big Picture Report, many Charts are setting up to make 2020 look like it will be a great year for trading / investing / Making Money.  Lets take a look at the charts and see what the current set ups look like going into what should be a lighter volume day of holiday trading  ( Although I think you may remember what happened when I said that for last Tuesdays 1/2 day trading before the Christmas holiday).

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