Author Archive for: Alex - Chart Freak
Entries by Alex - Chart Freak
Tuesday Sept 17th – Our Energy Rockets
Amazingly, we were buying Oil & Energy Stocks over the past 2 weeks, even though Oil did not look as bullish. That paid off nicely on Monday, let's review the markets and focus on Energy & Miners...
BIG PICTURE WEEKEND REVIEW – SEPTEMBER 7th
In this weekends Big Picture report, I'm going to do a little more coverage of the Precious Metals, because I am starting to see a few things that need discussing. First we'll start with The General markets, Oil, Energy , and the USD...
Friday Sept 6th
Today is Friday and this is the last trading day of the week. I'm going to start the report with 3 charts from yesterdays report, and then we'll see what happened as Thursday played out.
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In yesterdays report I mentioned...
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SPX – The MACD is bullish and we are no longer dropping to the bottom of the trading range, so with mini-higher lows, this could be preparing to break out. As day 21, I’m not sure how high this run would be able to go before a dip into a DCL would come due. ( Fed Mtg?).
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SOX – With the volume increasing on the upside push, the SOX ( SOXL used for volume) may be leading the way, after dropping to a gap fill Tuesday and breaking above that 50sma Wednesday.
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SDS – Also we have the inverse S&P 500 , an it looks like the sideways consolidation here is weakening. This could double bottom and the SPX could double top.
