Entries by Alex - Chart Freak

Oct 3rd – What’s That Guy So Happy About?

October 3, 2018 in /by
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Maybe he is Long Gold too  🙂

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GOLD - This was a nice break higher and this took place with the USD moving higher an also on the infamous ' Chinese Golden Week'.  It was a nice on day pop and I'd like to see some follow through this week.

 

GDX - Our last report already discussed the GDX : GOLD Ratio, and showed that the Miners have been leading Gold.  They kept up with Gold on Tuesday with a nice push higher on strong volume.  Since this looks like GDX is coming out of a 1/2 cycle low, it should be able to break right through that 50sma and back test it on a dcl.  We'll see.

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The Golden Week

October 2, 2018 in /by

Thanks Ray,  for reminding me by email that this is the so called Golden Week in China. What is the Golden Week?  See the calendar below, and you'll see that China is basically on holiday from Oct 1 - Oct 7th...

 

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Post Fed Rainbow -Where’s That Pot Of Gold?

September 27, 2018 in /by

I was actually on the beach today and a storm started to roll in.  We got a beautiful Post Fed Rainbow, but I'm still looking for that Pot Of Gold.  Let's do a Post FOMC Market review...

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SPY  INTRADAY FED REACTION -  We have discussed that the Knee Jerk immediate reaction after the Fed is often a false move.  Notice the reaction in the SPY at 2 p.m., as it ran higher, and then the directional change that followed.

 

 

SPX DAILY -  The MACD confirms that the recent high was weaker, and we are due for a DCL. Watch the 50sma for a break down or support.

 

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Enjoy The Ride, But Remember The risk

September 21, 2018 in /by

After a quick review of the Markets,  we'll discuss some new stock picks in various sectors and also our risky high fliers that have really been giving us a lift. As the Theme Title says,  'Enjoy the Ride , but Remember the Risks'.

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SPX #1 - Likely the upside target before a drop into that dcl.  Train Kept on rolling...

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