Entries by Alex - Chart Freak

A Golden Bull?

October 9, 2018 /1 Comment/in /by

Below is a snippet of Alex’s work from the past few days and his coverage of Gold.   (From Saturday) 2 BULLISH SIGNS IN GOLD LAST WEEK . 1. The USD was higher, GOLD, SILVER  & MINERS were not phased by it. 2. Remember that last week was known as the Chinese Golden Week, a […]

What A Nice Surprise

October 9, 2018 in /by
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What was surprising about Monday?  It was this- Gold dropped over $17 and the Miners fought their way back to green...

 

GDX:GLD -  I discussed the bullishness when Miners lead Gold,  so this is how Golds drop & Miners POP affected the GDX:GLD ratio. Bullish.

 

 

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Friday October 5th

October 5, 2018 in /by

It is Friday, the last trading day of the week, so let's just do a quick review...

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SPX - Yesterday using this chart , I pointed out that the SPX was running up along the top of the B.B. with divergence and due for a daily cycle low. The Markets dropped yesterday.

QQQ - The Markets began to sell off .  We Also discussed that the General Markets were showing divergence in the RSI & MACD, Due for a dip cycle-wise, and showing a much higher number of new lows than new highs at the top here. A dip is due and seems to be starting here...

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Oct 3rd – What’s That Guy So Happy About?

October 3, 2018 in /by
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Maybe he is Long Gold too  🙂

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GOLD - This was a nice break higher and this took place with the USD moving higher an also on the infamous ' Chinese Golden Week'.  It was a nice on day pop and I'd like to see some follow through this week.

 

GDX - Our last report already discussed the GDX : GOLD Ratio, and showed that the Miners have been leading Gold.  They kept up with Gold on Tuesday with a nice push higher on strong volume.  Since this looks like GDX is coming out of a 1/2 cycle low, it should be able to break right through that 50sma and back test it on a dcl.  We'll see.

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The Golden Week

October 2, 2018 in /by

Thanks Ray,  for reminding me by email that this is the so called Golden Week in China. What is the Golden Week?  See the calendar below, and you'll see that China is basically on holiday from Oct 1 - Oct 7th...

 

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