Author Archive for: Alex - Chart Freak
Entries by Alex - Chart Freak
Some Winning Stocks You Might Have Missed
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
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...
Dec 13th – Mainly Picks
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...
Dec 8th Big Picture Ideas Coming Together
SPX WEEKLY - So far this looks quite similar to the Early 2018 Choppiness, but I did explain one big difference in Fridays report ...
Dec 7th – Fast Markets, Fast Reversals
After dropping 800 points on Tuesday, if I told you that the DOW JONES rallied more than 700 Points on Thursday, would you believe me?
Well, it actually did, but that was only after it dropped over another 800 points first! These markets have been fast, choppy, and Crazy at times. Within just 1 week we saw 2 Bullish bursts after Powell and the G20 Mtg, followed by 2 days of crashing that actually erased weeks of trading.
Well, today is Friday, the last trading day of the week. Let's look at some of the market action, and this weekend I will cover more detail in the Big Picture Weekend Update. ...
.
SPX #1- Day 26 of this daily cycle saw a big crash & a big reversal too. What Might be next in the short term ?
December 6th – Thursdays Trading
Well, it has only been 1 trading day since my last Tuesday morning report, what has changed since then? The Theme Picture of this report is a hint. Wow!
.
Review for those that need it: The markets have been very volatile lately. Since the Sell off in the month of October to a trade-able Low, the trading has been very choppy ( as expected). As of last week, we had a 'Powell Pop' 5 trading days ago, and then price moved to the 50 & 200 sma as we approached the 'G20 Weekend Meeting'. The daily cycle was getting old at day 23, and that 50 & 200 could be strong resistance, so what would happen after that G20 Meeting? Well, Monday had another Gap open higher, right above both the 50 & 200 sma, but it closed in a doji candle with a gap under it. That looked very strong & convincing for this daily cycle, but I did note that the Doji could indicate a dip down to close that gap. A stop under the 10sma was advised. Well, from there, we can discuss Tuesdays trading, a day that actually saw the Dow lose 800 Points!
.
OIL UPDATE DEC 5th
Just a quick update of what we at Chartfreak were looking for with Oils recent plunge. . OIL – Nov 20th, I was telling my readers that I would be watching for a break above the 8 ema, to make a safe entry at a swing low. Each pause sideways was breaking down ( Bear […]