Entries by Alex - Chart Freak

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.

.

 

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.

Read More

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...

.

 

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.

 

Read More

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.

.

 

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.

 

Read More

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.

.

 

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.

 

Read More

February 2nd – Weekend Update

February 2, 2019 in /by

 

 

SPX Weekly  #1 -  This is what I have said that I have been expecting out of the first daily cycle, and now we are hitting 2 resistance zones.  We May or may not be at a top, but timing wise, we are close.  We will dip to a dcl soon.

Read More

Trading Technique: Go Where the Action Is

February 1, 2019 in /by

(The following is a sample of Alex’s work from the week.  This is more of a sophisticated trading technique best served for traders with some experience under their belt.) (From 2/1/19) This example is a case where a trader is holding several positions and while active trading them, notices that one is beginning to run […]