Entries by Alex - Chart Freak

May 24th – Better Days Ahead

May 24, 2019 in /by

 

We know that volatility and choppiness can be frustrating and disappointing, and a few of my trades have tossed me around a bit too.   That said, I want to also say, "Trust me,  we've have been through this MANY times before, and I can say with full confidence-  Better Days ( of trading)  Are Ahead!"

Read More

Wednesday May 22 – Fed Minutes

May 22, 2019 in /by

Today the Fed Minutes are expected to provide insights into the May 1 central bank meeting.  Policymakers decided to keep interest rates steady, and I do have some  interesting things to show you pertaining to that.  2 P.M. Eastern Time will be the time that the minutes are released, so set your alarm  🙂  Let's take a look at the Markets.

 

.

SPX - This was the SPX in yesterdays report, showing a possible back test and the DCL is in place...

Read More

May 20 – Still Choppy

May 21, 2019 in /by

One thing that the markets do not like is indecision, and lately with the China Tariff  'cause and effect', the Markets are having a tough time gaining traction.  I believe we also get the release of the Fed Minutes this Wednesday,  so it seems like we are in for some more choppiness.  Let's just take a look at what the week started off like...

.

 

SPX - We had the break of the short term downtrend recently, but the upside follow through has been lacking.  The SPX lost the 50sma, but  this may just be a back test of that trend line.  We'll see if we get a bounce Tuesday.

 

Read More

May 18th 2019 Weekend Report

May 18, 2019 in /by

For our Weekend Report,  we'll take a look at the changes that took place this week, and see how our Big Picture Views are shaping up.  I think that you that you are going to love this report, so please take your time with the precious metals Sector and enjoy...

 

 

SPX - The General Markets are due for a dcl, and this looks like day 4 even though it sold off Friday. I wanted to start with the DAILY Chart, because the weekly alone would look less like a DCL formed.

 

Read More

Friday May 17th – Options Expiration

May 17, 2019 in /by

Today is the last day of the trading week, and with the General Markets and Oil trying to bottom, and Precious Metals  ( Gold, Silver, and Miners) bouncing around at their recent lows,  it has been a Bumpy Ride.   Add to that Options Expiration, and I would say that the last day of the week won't be much better.  Let's just take a look at what we have...

Read More

Thursday May 16th

May 16, 2019 in /by

I am seeing signs that the General Markets are close if not already at their next lows, and as expected, I also believe that Oil has put in its lows. I want to discuss what this might mean going forward.

Read More