Author Archive for: Alex - Chart Freak
Entries by Alex - Chart Freak
March 9th – Big Picture Formations
This is a long weekend report, but I want to discuss a few reminders pertaining to The Precious Metals sector, so lets dig right in...
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SPX WEEKLY - I was expecting a drop in the general Markets, so I went short. The Jobs report was a HUGE miss, but the selling actually started before that report was released. As you can see, we got a big 1 week drop. Prior drops like that usually were not isolated '1 week wonders', so we may get some follow through selling to the 10 weekly MA.
Friday March 8
We have reached the last trading day of the week again. Let's see how things have been playing out...
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March 7th – Market Thoughts
I want to discuss a few things as we go through our Market Review today, so let's dig in...
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These first 2 charts are from yesterdays report:
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SPX – The SPX has broken down from the channel, the gap open seems to have back-tested it Monday, and I still think that we are coming due for a dip, plus…
TRAN – The Transports have been leading the way and may eventually drop to the 50sma.
Wednesday – A Nice Set Up
After a quick review of the Markets, I want to discuss some really nice looking 'set ups' that have been playing out for the short term Traders and medium to longer term investors alike.
March 5th – Tuesday
VIX - In reports last week, I mentioned that the General Markets have been moving fairly smoothly up and out of a V-Bottom. I also discussed that the VIX looked as though it could start getting choppy and this would cause volatility in the General Markets too.
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On Monday, the VIX surged to the 200sma and the markets sold off. The VIX MACD also seems positive for a push higher, but it was capped at the 200sma like it has been in the past. So far the VIX is near recent lows, but I'm keeping an eye on it.
WEDNESDAY FEB 27th
The Markets themselves have not changed a lot since yesterdays report, but the trading has remained very good, so I want to discuss a little of both. Also keep in mind that Wednesday is Oil inventory day, and I think that may clear up Oils intentions. Let's take a look...
