Entries by Alex - Chart Freak

Tuesday April 16th – Observations

April 16, 2019 in /by

The General Markets should have a little more upside, and if you are willing to ride the dips and just hold current positions,  you can use a reasonable stop.  If you hate losing any of your gains, it might be wise to tighten stops and keep an eye on open positions. The markets have been running strong and pull backs have been fairly shallow, but it is looking like we could be due for another pull back soon. Let's review what we have...

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SPX - The bearish rising wedge has been moving closer to the Apex.  This is at least shorter term bearish.  It doesn't call for a crash, but it does signal a possible pull back may be coming soon, and...

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April 13th Weekend Wrap Up

April 13, 2019 in /by

Lets get our Big Picture View in the weekend report, the weekly wrap up.

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SPX WEEKLY  -  The SPX continues higher, and will likely meet the 2018 highs, whether that happens now or whether we get a pull back to a dcl first, and it happens on the next daily cycle.  This current daily cycle seems to be a right translated Daily Cycle, so the next should pop to new highs again.  So far, this remains set up bullishly in the big picture, even if we get a short term dip.

 

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Thursday April 11th – Riding The Runners

April 11, 2019 in /by

Today I want to review the market action,  discuss the Precious Metals, and then discuss a few trades, including some of the ones that we have been riding in the Blockchain area,  since Bitcoin and other cryptocurrencies were  setting up Bullishly.   Let's get right to the Thursday report...

 

 

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Wednesday – Moment Of Truth

April 10, 2019 in /by

After a brief market review, allow me to explain why we might actually be at the 'Moment Of Truth' for the precious metals sector

 

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SPX -  The SPX is on day 22 and price inside of this short term bearish wedge is heading into the APEX.  I would expect a drop into the dcl soon. The 200sma may act as support.

 

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April 4th – Straight up

April 4, 2019 in /by

The markets continue to run straight up.  Well, maybe not straight up, but like the Theme picture shows, they have been working their way higher and some sectors are at new recent highs.  I want to point out a few things on this run higher, so lets get right into it.  We'll start with the Sox...

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SOX - Take a look at the purple line and that represents a break out after the SOX  briefly lost & regained the 200sma. From there it popped higher and chopped lower, back under the 10sma.  Now it has popped to new recent highs again.

 

That shows that a bullish run is not always an easy one to ride. Now let's take a look at the SPX...

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April 3rd- More Of The Same

April 3, 2019 in /by

Not much changed from yesterdays report, so let's start with a quick review...

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SPX - Day 17 and we have a new peak.  You could say that these markets are a bit choppy and sideways , but it does continue to climb higher with that action.

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