Author Archive for: Alex - Chart Freak

About Alex - Chart Freak

I’ve been a full time trader for well over a decade and began trading in the late 1990s while working in management and sales at a well-known aerospace company. As my style evolved, so did my success, and it allowed me to leave corporate America to pursue my passion and trade full time.

Entries by Alex - Chart Freak

AUGUST 29th – Here Again

August 29, 2018 in Premium /by Alex - Chart Freak

1. Last Night I mentioned to my readers that I was seeing a drop in Gold coming. Gold was at $1212, and I posted this chart saying that we could see a drop to $1200. That is not a big deal, but we are waiting for a short cover rally, so apparently we had to 'expect delays'...

2. The drop started here, and I posted this in the comments section. Again, not a big scary concern, just Expect delays..

Let's talk about Gold $1200

August 28th – Things Are Popping

August 28, 2018 in Premium /by Alex - Chart Freak

A Monday night report should be short, because we've only had one day since the weekend report, but Monday was a very active market. This report will be longer than the usual Monday report.

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Review SPX August 21st - This was last week, and we saw the SPX meet up with 2 resistance points.

SPX WEEKLY Aug 24th - So for the weekend report, I drew that same resistance here. It could climb along the upper magenta line, but would need to break the blue line first...

August 25th – Do The Weekend Swing Dance

August 25, 2018 in Premium /by Alex - Chart Freak

Friday seemed like some sort of an anti-gravity day, with most sectors climbing nicely higher. We even had Swing Lows enter the dance floor, so let's take a look at our current market set ups...

RUSSELL 2000 - We looked at IWM and TNA earlier this week as buy signals, and we have follow through. Raise stops and see if they continue higher ...

Friday Aug 24th

August 24, 2018 in Premium /by Alex - Chart Freak

Welcome to the last trading day of the week...

USD- This is a copy/ paste from yesterdays report, expecting a USD DCL.

UUP ( USD) - It looks like the DCL may have formed. I mentioned yesterday

Now let's discuss Gold...

August 23rd – Chart Set Ups

August 23, 2018 in Premium /by Alex - Chart Freak

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I will have many trade ideas at the end of this report.

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TNA - I mentioned that The Russell 2000 ( RUT, IWM, and you can use the TNA) Looked bullish, and this was the break out. It was and is a buy.

August 22 – FOMC Minutes

August 22, 2018 in Premium /by Alex - Chart Freak

The release of the FOMC Minutes from the last Fed Meeting is scheduled to be released today. At times, this can cause a reaction in the markets, if the verbiage or language that was used seems more Hawkish or Dovish than originally interpreted. For example, if they were to mention a concern pertaining to inflation rising faster than expected, that could affect certain sectors, so we just want to be mindful that the markets could move unexpectedly around 2 P.M. Eastern.

SPX #1 - Right where the SPX was about to break to new highs, it sold off a bit.

Tuesday August 21 – Is It Possible?

August 21, 2018 in Premium /by Alex - Chart Freak

Sometimes what seems to be impossible actually becomes possible, but a man rides in to town on Tuesday and leaves 2 days later on Tuesday? If that is possible, then I guess it is possible that Gold may have bottomed too. Oh, and by the way, his horse was named Tuesday. Let's review our markets...

WEEKEND – REST AND RELATION

August 18, 2018 in Premium /by Alex - Chart Freak

I hope that everyone can just enjoy some rest and relation this week, after last weeks market action. We also may want to rest up, because next week looks to be setting up to be interesting at this point...

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General Markets were a bit Mixed, and remain that way

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SPX - I've been expecting a drop into a dcl. The DJIA and NASDAQ looked to be dropping, and so did the SPX, but with a Wednesday reversal, it has moved higher. AT THIS POINT, I don't think that this is enough to be a dcl, but I shouldn't rule it out completely. Lets look at ...

HORRIFYING! … Or…???

August 17, 2018 in Premium /by Alex - Chart Freak

You are likely hearing the same thing that I am...

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- "There is something incredibly wrong here, Miners have sold off before, but never like this!"

- "We have NEVER seen a drop like this in Miners, GDX will be in the single digits next week!"

- " This is much worse that 2008"

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It is even possible that this kind of fear and panic can affect how you feel about what you see. Yes, the sell off in the Precious Metals is steep, and it is the talk of the town. This week the drop in Miners has been extreme, as you will see, but is it really the worst drop ever? Does it automatically make Miners destined for the grave? I want to address this in light of these statements above first, and then I will still cover the General Markets, so let's begin...

GDX - GDX closed down 2.37%, and the last couple of days have been crash mode, no doubt about it. I mentioned in yesterdays report that the volume looks like capitulation. This is a very sharp drop, however...

Now let me show you something that you may find interesting. It might even blow your mind ...

August 16th – Capitulation?

August 16, 2018 in Premium /by Alex - Chart Freak

SPX - We saw the markets drop on Wednesday and start to recover as the day ended. I am expecting a dcl, and I do not think that this was it. We could bounce & drop or just continue lower, in my opinion.