Entries by Alex - Chart Freak

March 1 – Choppiness

March 1, 2018 /55 Comments/in /by

The choppiness continues,  let's take a look at what we have.

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This is a pre-market snapshot, it contains quite a bit of red so far...

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SPX - The SPX broke below the 50sma & Volume increased, so this needs to be watched carefully. Yesterday I reminded readers of my weekend reports 'lessons' section at the end, it is worth keeping in mind or re-reading. Day 12 peak so far.

 

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Feb 28th – Reminders

February 28, 2018 /62 Comments/in /by

 Market chop, Pop & Drop. Let's review the markets with an occasional reminder thrown in there too...

 

SPX   - These markets may eventually  "get over it" , but so far they seem to have something against the New Fed Chairman.  It could be his discussing 3-4 interest rate hike plan for 2018.  Read the chart. So far this is a day 11 gap fill above the 50sma,  let's look at the NASDAQ...

 

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Feb 24th Weekend Report

February 25, 2018 /72 Comments/in /by

With recent market volatility and a potential V-Type Bottom in place in the General Markets, I wanted to review the current markets, but along with that, I will also have a separate 'lesson' at the end of the report.  It will address why it is a set up to play long out of those lows, but it is also prudent to proceed with caution.  Why use the trailing stop?

 

SPX DAILY - Day 9 and the SPX closed above the 50 sma Friday.  Many here bought this reversal off of the 200sma when it was mentioned 2 weeks ago, and after stalling for a week in a bull flag,  it looks like it may give additional follow through next week.

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Friday – Carrying A Lighter Load

February 23, 2018 /82 Comments/in /by

As mentioned in yesterdays report, I find that as each day goes by I have taken profits and lightened the load a little bit  since buying the reversal low in Miners.  I am doing this until the volatility, and thus the short term uncertainty, passes.  Let's review the markets again...

 

SPX REVIEW AGAIN -  Feb 6th I pointed out that Markets may drop a-b-c style to the 200 sma, and then flounder around trying to form a base.

NASDAQ -  That went for the NASDAQ & DOW too, as seen here...

 

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February 22 – No Straight Path

February 22, 2018 /77 Comments/in /by

SPX - REMINDER:  2 weeks ago I showed how the Markets can base build after such a sharp drop & added volatility.  I mentioned that they may  drop to the 200sma in an  A-B-C type drop and then even go sideways.  SPX actually did drop to that 200sma after I posted this ,  so this may be base building.  See the next chart...

SPX - So far, the above pattern is playing out. Drop to the 200sma and now we wait and see.

 

 

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Yay Or Nay? Wednesday Fed Minutes Release

February 21, 2018 /112 Comments/in /by

Today is the release of the Fed minutes.  At times we get the same reaction that we saw when the Fed Decision was released, and other times we get the opposite, so that is todays question...what will todays Fed Minutes bring? It shouldn't be as bad as THAT guy thinks, but it is worth paying attention if you are rather heavily invested.

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SPX -  The markets pulled back a bit on Tuesday, but after that strong 6 day blast higher, the pull back was minimal.

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