Entries by Alex - Chart Freak

March 7th – Market Thoughts

March 7, 2019 in /by

I want to discuss a few things as we go through our Market Review today, so let's dig in...

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These first 2 charts are from yesterdays report:

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SPX – The SPX has broken down from the channel, the gap open seems to have back-tested it Monday, and  I still think that we are coming due for a dip, plus…

 

TRAN – The Transports have been leading the way and may  eventually drop to the 50sma.

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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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