Entries by Alex - Chart Freak

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.

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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.

 

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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.

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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.

 

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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.

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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 […]

January 31st – Post Fed Pops

January 31, 2019 in /by

 

We had some nice action after the FOMC Decision Wednesday.  A lot of the sectors played our as expected, so lets discuss what to expect going forward too.

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SPX - The General Markets broke higher with the Fed 'No Rate Hike" Decision.  I expect a little more upside.

 

UPRO - UPRO, SOXL, TQQQ, etc are good 3x etfs for 'Fast Gains",  since this daily cycle could peak after another run higher.

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January 30th – Waiting On The Fed Again

January 30, 2019 in /by

 Let's take a look at the markets current set up, as we wait for the FOMC Decision at 2 PM. Eastern today.

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SPX -  Basically still sliding sideways along the 50sma as expected, we had no  real change in the General Markets.  Are they waiting for the FOMC Decision too? 

I wanted to take a look at something else here, to see if there are any clues as to which way the Markets may break after the Fed Decision...

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