Entries by Alex - Chart Freak

Dec 22 Weekend Report- 401K Damage

December 22, 2018 in /by

It has been reported that past week was the worst December in 10 years for the General Markets.  I am hearing that depending on how it ends this week, it could even become the worst drop for the Dow in decades.

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This week I was thinking about the average person and their 401Ks.  Why?   I went to lunch with 2 friends on Thursday, and they said to me, " I saw the Dow was down 600 points! I know it'll recover, but wow,  that is the 3rd time that I saw that recently. This is just normal sideways stuff, right?"     Hmmm, Since October,  the markets have plummeted and erased all of 2018's gains.   Even though most know that the markets are shaky or 'having a rough spell' as my other friend mentioned,  I just realized that most do not know that the final quarter of 2018 wiped out all of 2018 and then some.   Depending on how their  401k is set up,  there may be an awful lot of shock when the next quarterly statement is viewed.

 I showed my friends  the chart below as of Thursday on my phone and they were shocked.  "I thought we were still chopping around at the highs?", my friend Danny said.   Let's look at some charts....

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SPX WEEKLY -  You can see that last February -April, the  sell off was steep, but this one has been 2x  that drop.  It is now approaching the 200 weekly ma as a possible support.  This chart helped my friends to see that the last 3 months of 2018 may have wiped out their entire year of 401k gains and even half of 2017, depending on how they were set up.  They were shocked and unaware, despite hearing about a few 600 point drops on the news.

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Dec 21st- Stock Trading For Dummies

December 21, 2018 in /by

Well, it started to get choppy and difficult in various sectors a few weeks ago, and then we went into full sell down mode in October for the General Markets.  Miners were sideways and choppy, forming bases but difficult to hold at times, and suddenly many of those bases have been breaking out higher.  It has been a rough ride in the Markets, even the crash test dummies are complaining, but today is Friday, the last trading day of the week.

We will be heading into a weekend that is followed by a 1/2 day of trading Monday ( what's the point?) and a closed market Tuesday,  so let's take a look at  a few things before this week of trading finishes up....

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December 20th – Post Fed Syndrome

December 20, 2018 in /by

I think that we knew that the Fed would raise rates, and I think that we had a good idea that there would be a'Reaction'.   So let's take a look at Wednesdays market action ...

 

SPX - This was my chart going into the FED WEDNESDAY.  Day 34 Tuesday.

 

 

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WEDNESDAY – FOMC DECISION

December 19, 2018 in /by

Today is the FOMC Decision, and even though the rate hike is supposed to be figured in, These markets are stretching out and could see a sharp reaction when the time comes.  Let's take a look at Tuesdays market action...

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SPX - This small candle with a new low on day 34 allows for a swing low with a move above Tuesdays highs  (2573.99).  If the FOMC Decision changes the markets direction, it is possible that we will have a DCL & even an ICL.

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Some Winning Stocks You Might Have Missed

December 14, 2018 in /by

The overall market has been very choppy and that an be frustrating for a lot of traders. However, there were some real winning stocks this week. Did you catch them? Some of the highlights were $NBEV $TWTR $UBX (Below is a sample of Alex’s work from throughout the week. ) (Below chart from 12/11) NBEV  […]

Friday Dec 14th – Still A Little Choppy

December 14, 2018 in /by

 

SPX #1 -  I captured this after the first hour of trading and I posted it in the chat area. Each morning Gap higher ends up selling off.  Would this be bought up into the close this time ?

 

SPX #2  - No, it closed slightly red.  I have been watching the Cycle count in anticipation for a DCL ( ICL).  I said that day 18 was too early and  now we have a day 28 low.  THAT  might also be a bit early too, since many daily cycles extend to 30 plus days.   This could just surge higher and be counted as day 4 Friday,  but take a look at this...

 

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Dec 13th – Mainly Picks

December 13, 2018 in /by

The outlook for the Markets has not changed from my prior reports with the trading on Wednesday,  so today we will mainly look at some more Picks.  I also want to look at Oil and cover something important with the Miners,  so let's begin, this is a long report...

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