Entries by Alex - Chart Freak

July 18th – Pops & Drops

July 18, 2018 in /by

Tuesday was definitely a story of Pops and Drops. I have SO MUCH to talk about, so let's take a look...

 

SPX -  From yesterday, we are early in the daily cycle, so I had drawn this chart up, with a run to the top of the trend line likely, before a dip into a dcl starts...

however,  I also saw something else that looks important on Tuesday...

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Tuesday July 17th

July 17, 2018 in /by

 

This is a chart that I put in my report last Tuesday.  The Financials ( Banks) were set to start reporting earnings, and this actually looked pretty good.  Take note of the POP last Monday to the 50sma.

Lets take a look at the financials this week...

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A Matter Of Perception

July 11, 2018 in /by

 I want to post something here that I pointed out to my subscribers last week.  This is a great lesson on a day when Gold & Silver are selling down again. .  Every now and then I do a little ‘lesson’ to keep us balanced.   This one has to do with the difference between […]

July 10th – Tuesdays Ideas

July 10, 2018 in /by

 What happened Mondayand what to expect Tuesday...

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SPX - July 5th we seemed to have our dcl in place, day 4.  I mentioned that it could be L.T., but a daily cycle could peak at day 15 and still be L.T., so ride it with a stop.

 

SPX - And it is heading for the upper trend line.

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Don’t Get Left Behind

July 9, 2018 in /by

The Theme picture here speaks a thousand words. At Chartfreak, we've covered plenty of bullish set ups in the General Markets like TWTR, SQ, AMD, CREE, CY, TQQQ, SOXL, etc. over the past few months, but in addition to that, I have recently been very focused on the current set up in the Precious Metals Sector. For the public, I want to share what we have been doing with that here.

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We have been tracking Gold, Silver, and especially Miners with focus for the past couple of Months. I have been expecting a deep sell off into a Cycle Low that will lead into an excellent buying opportunity. Interestingly, even though I have expected a deep sell off into that ICL (Intermediate Cycle Low), I started recommending buying at least some Miners weeks ago, because something interesting was taking place. Unlike the prior bear market sell offs, where Miners crashed down as Gold sold off, I noticed several Miners appeared to very strong. They seemed to be under accumulation, despite Golds sell off.

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Take a look at KL for example. New 2018 highs occurred while Gold was selling off over the past few weeks. In fact, it has almost doubled in 2018.

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Did you notice GORO? I have been pointing this kind strength out for Months now, but many are still afraid of this sector. This sell off in Gold has fooled many into believing that "Gold is dropping and Miners are dangerous." I got emails to that affect, but charts do not lie and my daily reports have been sharing many bullish factors that go unnoticed at times.

 

 

 

So I've decided to show portions of my last 2 weekend reports combined together here for the Public to take advantage of.

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JULY 8TH WEEKEND REPORT

July 8, 2018 in /by

I know by now you know how I feel about the Precious Metals Sector, but maybe the Theme Pic will help to clear up any doubt at a glace. 🙂  We will discuss all of the Market Sectors, but the main focus is still on Precious Metals.

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THIS IS A CHART OF THE SPX FROM FRIDAYS REPORT- The 'but' part was simply that I am  expecting a L.T. daily cycle after a rally, so I keep that in the back of my mind...

 

SPX WEEKLY- And we have a weekly reversal that should have follow through higher too. The RSI held the 50% line too, so it is a bullish set up here at this point.

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