Entries by Alex - Chart Freak

Nov 14 – Something Precious On The Horizon

November 14, 2017 /135 Comments/in /by

Yeah, that little guy on the left is rather precious to it's dad there, but I'm talking about Precious Metals here.  Let's discuss what I mentioned in the weekend report about the coming sell off that I expect in Gold, Silver, and Miners, and discuss what we might see ...

 

I started with these 2 charts,  one of GOLD

And the other of GDX

 

But I also included this chart and it raised questions in the minds of some of our readers, so let me discuss this a bit further...

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November 13, 2017 /78 Comments/in /by

QUICK REPORT ON THE FAST TRADES FOR OUR TRADERS

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MYMMF-  Bought at 42 cents

 

MYMMF -  Hit $1.26 today.

 

Do we have another set up similar to this and the other ones?   Yes, I believe we do...

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11-11-17 WEEKEND WRAP UP

November 11, 2017 /56 Comments/in /by

This weekend we'll discuss how the markets behaved last week, and at the end of the report, I want to also touch on daily cycle strength. Visuals may  help things to stick in our minds thumbs up emoticon

 

SPX - When looking at past  ICLs ( deeper meaningful lows), we can see that the dips have not been as deep as they used to be. This is showing the markets strength over the past year. I now can draw a middle line as recent support. Please excuse the type on the chart 🙂  We do look due for a dip down sooner than later though, don't we?

 

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Nov 10th – Fried-day

November 10, 2017 /104 Comments/in /by

SO MUCH TO WRITE ABOUT, SO LITTLE TIME.  Today is Friday, the last trading day of the week, so a quick review and a discussion on a few trade ideas...

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3 SPX  CHARTS

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SPX#1  - Thursday saw the Markets gap down, sell off, and then start to recover, so we get another 'buy the dip' reversal, however ...

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November 7th – More Of The Same

November 8, 2017 /147 Comments/in /by

Again, not a whole lot has changed, but I am expecting some changes as we move forward.  Let's discuss our current market set ups...

 

SPX - This looks the same as we have expected, but please notice the recent divergence.  This usually calls for a pause , a sideways move, or a dip.   Let's take a look at the NASDAQ and see what is happening there...

 

 

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Weekend Report – Things Are Still Lining Up Nicely

November 4, 2017 /182 Comments/in /by

The various Market sectors acted as expected this week, so let's take a look and see how things continue to line up in a way that we can profit from.

 

SPX -  The General Markets put in another high DCL, and we've discussed how the pull backs are more shallow lately and what that implies.  This would only be day 7 of a new daily cycle. That dip was sharp , but shallow, so 'longs' may not have even been stopped out with a trailing stop.  If one was stopped out, this sideways stall has allowed many to re-enter long positions.

 

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November 3rd – PULLBACKS

November 3, 2017 /142 Comments/in /by

It's Friday, there is only one trading day left in the week, so I want to cover a couple of questions that I get from time to time in todays report.   I will do a short review of a few things first,  and then I will just cover everything else in greater detail in the weekend report.  For now, this report contains a brief review, a couple of trade ideas at the end,  and a lesson or two in the middle.

 

 

SPX - No change here from our expectations. This looks like day 6 of a new daily cycle.

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Nov 2nd – CONUNDRUM

November 2, 2017 /82 Comments/in /by

Every now and then the Markets give us a bit of a conundrum, and it takes a little extra time and meditation to get to the bottom of things. After the Fed Decision was released and I began to review the charts, I ran into that very situation.  Lets discuss the markets and I will show you what I mean...

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DJIA - This is not the conundrum. We got a Gap open in the morning and then the markets sold off a bit into the close post fed.  Nothing has changed here yet, this looks like day 5 of a new daily cycle.

 

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