February 9th – Weekend Change
Let's discuss last weeks activities and the expectations of what is likely to come...
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SPX WEEKLY - Here we see a weekly DOJI formed and it formed at the 50 week MA.
Author Archive for: Alex - Chart Freak
Entries by Alex - Chart Freak
An Index & Market Update
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.
February 8th – Just Stay Frosty
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.
February 6th – Wednesday Watchfulness
I've been mentioning that we could start to see some short term changes , possibly as soon as Wednesday of this week. Let's take another look at the reasons on the charts...
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Feb 5th – Time For A Change?
Nothing has really changed since the long weekend report, but I'm going to discuss why it might be time for a change. Let's begin...
February 2nd – Weekend Update
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.
Trading Technique: Go Where the Action Is
(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 […]
FRIDAY – Still Running Like A Cheetah
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It's the last trading day of the week. Let's see if the 'Things' that have been running like a Cheetah in the markets can give us one more up day! 
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January 31st – Post Fed Pops
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.
