Author Archive for: Alex - Chart Freak
Entries by Alex - Chart Freak
December 20th – Post Fed Syndrome
I think that we knew that the Fed would raise rates, and I think that we had a good idea that there would be a'Reaction'. So let's take a look at Wednesdays market action ...
SPX - This was my chart going into the FED WEDNESDAY. Day 34 Tuesday.
WEDNESDAY – FOMC DECISION
Today is the FOMC Decision, and even though the rate hike is supposed to be figured in, These markets are stretching out and could see a sharp reaction when the time comes. Let's take a look at Tuesdays market action...
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SPX - This small candle with a new low on day 34 allows for a swing low with a move above Tuesdays highs (2573.99). If the FOMC Decision changes the markets direction, it is possible that we will have a DCL & even an ICL.
December 18th- No Market Turn Around (Yet)… FOMC Ahead?
The Dow was down another 500+ Points, and we see the general markets are at new lows again. This is not a surprise to us, I covered my thinking in the weekend report, so lets do a review and how things are playing out. We also have the FOMC meeting this Wednesday, so we will touch on that...
Some Winning Stocks You Might Have Missed
The overall market has been very choppy and that an be frustrating for a lot of traders. However, there were some real winning stocks this week. Did you catch them? Some of the highlights were $NBEV $TWTR $UBX (Below is a sample of Alex’s work from throughout the week. ) (Below chart from 12/11) NBEV […]
Friday Dec 14th – Still A Little Choppy
SPX #1 - I captured this after the first hour of trading and I posted it in the chat area. Each morning Gap higher ends up selling off. Would this be bought up into the close this time ?
SPX #2 - No, it closed slightly red. I have been watching the Cycle count in anticipation for a DCL ( ICL). I said that day 18 was too early and now we have a day 28 low. THAT might also be a bit early too, since many daily cycles extend to 30 plus days. This could just surge higher and be counted as day 4 Friday, but take a look at this...
