Entries by Alex - Chart Freak

Friday – Setting Up

September 22, 2017 /41 Comments/in /by

When I was a kid and my mother was making Jello or a Chocolate Pudding or Cake, she would tell me that I should not be impatient. I needed to wait until it was finished 'setting up'. That is where we are in the Precious Metals sector, and also some Energy stocks,  so let's take a look  at the markets and then that area in particular...

 

Read More

Sept 15- Friday Again

September 15, 2017 /133 Comments/in /by

Just 1 more day of trading and then we have the weekend. Let's take a look at a few things of interest ...

 

USD -  The USD has a swing low in place ( unconfirmed, and the last one 2 weeks ago rolled over). We do see bullish divergence, but the proof would be in a close above 93 in my opinion.

Read More

Sept 13th – Bottom Fishing

September 13, 2017 /122 Comments/in /by

After another short review, we will talk about some trade set ups and some 'bottom fishing'.

 

 

SPX - The General Markets are still moving up out of the recent lows. No change from yesterdays report, I would raise my stops to lock in gains if the gap below eventually fills.

Read More

Is It A Melt Up?

September 11, 2017 /14 Comments/in /by

I wanted to open up a slightly shortened version of  this weekends report to the public. In the weekend report, I usually cover the action that we saw in all of the Sectors that we have been covering lately, and in the daily reports, these are updated and stock picks are also added, if the set ups present themselves.  So even though the premium members will have a lot of additional information as things upfold, the Public should be able to get a solid idea of what we have been looking for, and how it has all been playing out.    Enjoy this weekends report.

 

SPX-  I will repeat,  I never called the recent dip an ICL. It lacks the characteristics of one, but what I did say is that we have been overdue for one for a while. So we have a dcl, and similar to the last couple of dcls, the move higher has been a bit choppy, but we have higher lows and higher highs, so an uptrend continues.

SPX - In August I reminded readers that we were due for an ICL, but visually, I still do not clearly see one.

SPX - Then on Sept 1st, I posted this as a cautionary note for the future - a possible rising wedge and mentioned that OCTOBER can be tough for the markets, historically speaking. We have seen some pretty big crashes in October. Will we get the ICL then?  We'll have to be alert going forward to any signs of weakness as this unfolds. So some are long from the recent dcl, I am just helping my readers to see a reason to stay alert, and I will monitor it along the way.

 

Read More