Author Archive for: Alex - Chart Freak
Entries by Alex - Chart Freak
May 11th – A Big Picture Report For The Public
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 .
May 11th 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.
Friday May 10th- Looks The Same
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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Friday May 3rd
Friday morning is the April Jobs report. We have seen the selling in the General Markets start with the FOMC Mtg, let's discuss that Jobs report...
May 2 – Post Fed Trading
As expected, The intra-day trading during the 2 p.m. Release of the Fed Interest Rate Decision and again during Chairman Powells speech was quite eventful. Let's discuss what we have with the markets now...
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