Entries by Alex - Chart Freak

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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September 20th

September 20, 2018 in /by

Yesterdays report actually had 46 charts in it, and the ones  prior to it had many stock picks as well as the market review too. This is an important report, so I want to keep it a bit shorter than the past reports, to keep it simple.  It has 23 charts ( Edit: Plus 2, I just added 2 more)   🙂

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DJIA - We see follow through in the break higher by the DJIA.  This is bullish, but..

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9-18 -18 Falling Into Place

September 18, 2018 in /by

 

SPY FROM FRIDAY -    We had a double top and divergence in the MACD ( And RSI), so it looks like it wants to pull back.   It looks weak here on a daily, and I’ve been expecting a drop soon to a dcl or even an  ICL

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Sept 14th – A Little Choppy

September 14, 2018 in /by

When the markets are choppy and seem a little indecisive, it can be hard to make money consistently.  It becomes a stock pickers market, where some stocks are doing well, others may be struggling.  Various sectors of the markets are currently a bit choppy, so we'll discuss that here on this Friday,  the last trading day of the week...

 

NASDAQ -  After last weeks sell down, the NASDAQ landed above the 50sma and at this point that level has held as support, but it has been choppy here this week.

 

 

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