Author Archive for: Alex - Chart Freak
Entries by Alex - Chart Freak
O-B-I-F! — Oh Bummer, It’s Friday!
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You don't hear that often, but the sad fact is that this is the last trading day of the week. What a fun week this has been! By necessity, Todays report is going to basically focus on one subject...
Wednesday July 17th – Catching Up
Finally, Silver is starting to play CATCH UP with GOLD. I've been discussing this for a while and now we are seeing Silver show us some strength. I'll discuss this a bit more in todays report after reviewing the various market sectors...
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SLV / GLD RATIO - Silver looks ready to try to catch up with Golds run.
Weekend Report July 13th
I loved what the Close on Friday did to our charts, so let's get right into the weekend wrap up...
July 12 – Enjoying The Ride?
When the markets can't gain any upside traction and they rise and fall repeatedly, that is choppy trading. It can play on ones emotions if they pay too much attention to it day by day, so we'll discuss the current choppiness and review our expectations...
Thursday July11
I'm thinking that you can probably guess by now what round 2 is, but I'll discuss what Round Two means as we get into our market review. I also have a special little 'lesson' in this report that I know you will enjoy, when we apply it to the Miners...
July 10th – Waiting It Out
On Wednesday, Powell will face the House Financial Services Committee for the first round of questioning from lawmakers. The Fed will also release minutes from its June 19 meeting on Wednesday, and at this point, the Fed funds futures contracts are currently pricing in a 100% chance of at least 25 basis points of cuts.
Now let's look at our markets Pre-Fed Testimony...
Tuesday July 9th
SPX - As time moves forward the SPX still remains healthy looking. It has stalled again, but if it moves higher we will likely see a R.T. Daily cycle, and that would keep things on the bullish side. My weekend report discussed 'break out to new highs' and various ways they play out. For now, if you are long, you are still in the trade, stop at the 1/2 cycle low or raise it to the 10sma if you are more comfortable with that.
