Entries by Alex - Chart Freak

March 5th – Tuesday

March 5, 2019 in /by

VIX  -    In reports last week, I mentioned that the General Markets have been moving fairly smoothly up and out of a V-Bottom.  I also discussed that the VIX looked as though it could start getting choppy and this would cause volatility in the General Markets too.

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On Monday, the VIX surged to the 200sma and the markets sold off.  The VIX MACD also seems positive for a push higher, but it was capped at the 200sma like it has been in the past.  So far the VIX is near recent lows, but I'm keeping an eye on it.

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WEDNESDAY FEB 27th

February 27, 2019 in /by

The Markets themselves have not changed a lot since yesterdays report, but the trading has remained very good, so I want to discuss a little of both. Also keep in mind that Wednesday is Oil inventory day, and I think that may clear up Oils intentions.  Let's take a look...

 

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Feb 23rd Weekend Market View – 1 Step At A Time

February 23, 2019 in /by

Thanks to Rocky, I found something interesting to share with you this weekend. As one of our faster day traders,  Rocky was enjoying some fast Pops higher in the individual stocks of the general market and said, " Hey CF, are you sure about this market dropping? It just won't stop."    Well, My immediate answer was that we were due for a dip and that it isn't really rocketing higher like some stocks,  it has been sideways for a few days.  That said, I decided to dig deeper, look closer, and I may have stumbled onto something - Thanks Rocky!

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 So I have posted this and the rising wedge and this was in the Thursday & Friday reports. Also 'timing wise'  we would be late in the first daily cycle.  I said that this needs to break out higher or it will break down,  but...

 

 

Take a look at this as food for thought...

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February 22 – Just Thinking Ahead

February 22, 2019 in /by

As mentioned in recent reports, I am expecting the markets to pull back soon.  There have been some great gains in the run out of the lows for the General Markets, Oil, and Precious metals / miners,   but we really are due for a rest.  Just because I am expecting a pull back soon,  that doesn't mean that we are finished yet though.  The Theme picture may give you an idea of what I am talking about.   Lets discuss the markets and do a little thinking  ahead...

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Wait Just A Minute! Fed Minutes Released

February 21, 2019 in /by

At 2 p.m. we had our F.O.M.C. Minutes released, and some things changed right away, so we'll discuss that.  Is it likely to be a short term knee jerk reaction that only lasted for the rest of Wednesday?  Or does it look to be more of a medium term change, with days of similar action to follow.   I almost think that the readers here already know the answer to that, but we will discuss it further.

 

 

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Wednesday – Juggling Time And Ideas

February 20, 2019 in /by

If you were in front of a screen during trading hours yesterday,  you may have also noticed a multitude of  trade ideas in various sectors popping up all over the place. It was a lot like juggling for the active trader, and a couple of questions received in emails reflected the fear of missing out on some really good moves in the blockchain trade ideas that I mentioned on Feb 8th, saying,

" XXXX was up 20% and YYYY was up 50%, my stocks were only up 5%- 7%, am I in the wrong stocks?".   Those  blockchain stocks are very hard to just buy & hold and as mentioned, they are NOT for everyone, so I would not chase those.  I'll discuss them more at the end of the report.     Let's take a look at things and answer a few questions...

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