Entries by Alex - Chart Freak

Feb 16th Weekend Wrap

February 17, 2019 in /by

We have a lot to discuss, and I have a special section on the Precious Metals that should  interest everyone here, so let's get right into it ...

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SPX WEEKLY  -  The market continues to rise out of its V-Bottom. It has now broken out over the 200sma on a daily, and that means that it is above the 50 week ma. I am using red arrows to show other slam down ICLs and their recoveries.

 

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Fridays Final Trades

February 15, 2019 in /by

Good News, Bad News.   The Good News is that in the U.S. we have a 3 day weekend to rest up and enjoy time with family and friends.  The Bad News is that in the U.S., we have a 3 day weekend.  I don't know about you, but at times I hate it when there is  no trading Monday.   Earlier in the week I was lamenting that some of the trades were choppy and not really going anywhere, but toward the end of the week the gains started adding up and now I'd like to see this continue Friday and into Monday, but I guess many of us will need to wait until Tuesday.  So let's take a look at a few things on Friday,  our last trading day until the 3 day weekend.

 

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Wed Feb 13 – Like watching Paint Dry

February 13, 2019 in /by

When the markets get later on in there cycle counts and start to get a little choppy, it can be boring and even a little tricky. You'll see what I mean by tricky when we cover the general markets and Oil.

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SPX #1 - The SPX has hit a new high as it pushed against the 200 sma Tuesday after a brief pullback.   Does that change anything? ...

 

 

SPX #2 Feb 5th  -  A while back I had mentioned that in the past that we saw false break outs at the 200 sma before, so that could happen again.   So breaking through that 200 sma doesn't really change anything, but I'll show you why it gets a little tricky shortly.

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Feb 12th – Tuesday Talk

February 12, 2019 in /by

Not much changed in Mondays trading , but I want to discuss something in addition to a quick review and possibly a new sector perking up.  Let's get right into it...

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SPX - No change here, I think that the upside on the first daily cycle has run out of steam and a dip will come before another move higher.

 

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An Index & Market Update

February 8, 2019 in /by

The following is an update on the market and indexes.  The charts are a sample of Alex's work from the week. 

 

(2/8/19)

We have been expecting a bit of  pull back in the General Markets, and it would likely start after the SPX tagged that 200sma.   I am not expecting a wash out sell off, it will be more of a ' Buy the Dip' type of pull back into the first dcl, but if you want to hold on to most of your recent gains?  Then at the first signs of cracks in the ice,  you would certainly tighten stops or take some profits.  You want to Stay Frosty for a while.

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SPX - The SPX tagged that 200sma,  dropped to the 10 sma,  and bounced  bit into the end of the day. We are on Day 30  and I expect this to eventually back test the 50sma.

 

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February 8th – Just Stay Frosty

February 8, 2019 in /by

We have been expecting a bit of  pull back in the General Markets, and it would likely start after the SPX tagged that 200sma.   I am not expecting a wash out sell off, it will be more of a ' Buy the Dip' type of pull back into the first dcl, but if you want to hold on to most of your recent gains?  Then at the first signs of cracks in the ice,  you would certainly tighten stops or take some profits.  You want to Stay Frosty for a while.

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SPX - The SPX tagged that 200sma,  dropped to the 10 sma,  and bounced  bit into the end of the day. We are on Day 30  and I expect this to eventually back test the 50sma.

 

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