Author Archive for: Alex - Chart Freak
About Alex - Chart Freak
I’ve been a full time trader for well over a decade and began trading in the late 1990s while working in management and sales at a well-known aerospace company. As my style evolved, so did my success, and it allowed me to leave corporate America to pursue my passion and trade full time.
Entries by Alex - Chart Freak
August 24th Weekend Report
August 24, 2019 in Premium /by Alex - Chart FreakAfter a very choppy sideways start to the week, the FOMC Minutes release on Wednesday was a non-event, but when we reached Friday and the Jackson Hole speech was delivered, it looks as though we finally have our 'directional' trades revealing themselves. The China trade wars and the Jackson Hole speech did seem to shake things up a bit. I usually mainly discuss the Big Picture in the weekend report, but this report will contain some short term possibilities with daily charts & The Bigger Picture.
SPX DAILY - That was a big drop with heavy volume Friday and this is only day 14! We have plenty of time for this to really sell off. The General Markets closed below the 10 sma, and this definitely looks like we will revisit the June lows short term, and possibly experience an even deeper drop & break down. The Big Picture shows a possible large drop too...
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SPX WEEKLY - LAST WEEK I showed you tthis break down and possibly 'just a back test' during this chop, and now it looks to be breaking down further...
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SPX WEEKLY - In the past, I have also pointed out this possible Bullhorn or magaphone in the Bigger Picture, and the idea is still valid. This has been warning that we could have a deeper sell off at anytime, rather than 'New highs & Blue skies' at the '5' area, as many used to think.
Friday – The Chance For Some Change
August 23, 2019 in Premium /by Alex - Chart FreakThe various market sectors have been choppy and sideways, but with Fed Chair Powell speaking at Jackson Hole this morning ( U.S. Time), there is at least a chance for that to change. Let's look at our markets...
August 22 – Jackson Hole
August 22, 2019 in Premium /by Alex - Chart FreakAugust 21 FOMC Minutes
August 21, 2019 in Premium /by Alex - Chart FreakAugust 20th – A little More Chop
August 20, 2019 in Premium /by Alex - Chart FreakAugust 17th Weekend Report – Perspectives
August 17, 2019 in Premium /by Alex - Chart Freak.
When stocks run steadily higher, they can get a bit extended or maybe sentiment even gets a bit euphoric. A healthy market then starts to enter a period of consolidation or begins to pull back and digest those gains. I think that is what we are seeing currently in the Precious Metals Sector, but is that also what we are seeing in the General Markets? Let's discuss our current Market set up...
Friday August 16th – A Time To Rest?
August 16, 2019 in Premium /by Alex - Chart FreakThursday August 15th – Be Careful Where You Step Out There
August 15, 2019 in Premium /by Alex - Chart FreakRecently I have been pointing out various areas where divergence seemed to be sending out a warning. Wednesdays trading got pretty ugly by the end of the day, so let's see how everything was affected...
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NASDAQ DAILY - We have been trading the Miners more than anything else, but for those that take positions in the General markets, this reversal at the Red Arrow could be bought for those wanting to go long. I also said that it would need a stop, and the stop should be Raised as price moved higher, due to the wide open MACD gap. The Nasdaq was rejected at the 50sma, and ...
August 14 – Are You Still Hanging In There?
August 14, 2019 in Premium /by Alex - Chart Freak.
I've heard the old expression, "What a difference a day makes", but Now I truly understand the expression: "Wow what a difference a day makes! "
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