Author Archive for: Alex - Chart Freak

About Alex - Chart Freak

I’ve been a full time trader for well over a decade and began trading in the late 1990s while working in management and sales at a well-known aerospace company. As my style evolved, so did my success, and it allowed me to leave corporate America to pursue my passion and trade full time.

Entries by Alex - Chart Freak

March 14- Big Picture Review

April 14, 2018 /117 Comments/in Premium /by Alex - Chart Freak

As mentioned in many of the 2018 reports, and especially in the weekend report delivered 2 weeks ago, we are seeing many changes slowly taking place in the markets. Today we will do our very important Big Picture Review, and along the way , I will discuss what I am seeing.

SPX DAILY - So far we still have our low on day 34. The SPX is going on day 10, and we are awaiting an upside break out.

Friday April 13th – It’s Just A Date

April 13, 2018 /114 Comments/in Premium /by Alex - Chart Freak

Friday is the final trading day of the week, and usually I do not cover the entire market, just what may be important for Friday. It is enough until we get to the long weekend report.

SPX - Yesterdays chart showed the day count of this daily cycle. We had the low ( DCL) on Day 34, Thursday was day 7, so Friday is day 8, and it is early in this new daily cycle. The chart was bullishly improving internally, as you an see with my indicators on this chart.

Let me show you how they look going into the final trading day of this week...

One Of THOSE Days

April 12, 2018 /103 Comments/in Premium /by Alex - Chart Freak

Wednesday was another day where buying pushed price higher on many of the set ups that we have been discussing, but it was a very nice day for both Gold & Oil. Lets review the markets and discuss the days action...

SPY - The markets rallied but then sold off as the day went on. I posted this chart in our chat area simply to show that it was nothing to worry about.

Wednesdays Floaters

April 11, 2018 /204 Comments/in Premium /by Alex - Chart Freak

It was strange, but yesterday it seemed like every sector had stocks that were climbing. Tech was green, Some Miners went green, Energy was very green, Uranium stocks are bullish, and so on. Let's jut take a look at the markets and discuss this as we go ...

SPX - Our day 34 low has held and we moved above the 10sma and the trend line. This looks to be day 6 of a new daily cycle. I'd expect a run to the 50sma, and then resistance might temporarily stall it, similar to Feb.0

April 10th – How Low Can We Go?

April 10, 2018 /159 Comments/in Premium /by Alex - Chart Freak

The markets rallied Monday and sold off into the end of the day. As I write this report on Monday night, the futures are pushing higher again. Let's take a look at where that left things and what we can expect going forward...

Weekend of April 8th- Bottom Of The Ninth?

April 9, 2018 /37 Comments/in Public /by Alex - Chart Freak

I AM RELEASING MY PREMIUM EDITION WEEKEND REPORT TO THE PUBLIC, IT IS MORE OF A BIG PICTURE VIEW OF THE MARKETS, ENJOY!

In baseball, the simple call that this is " The Bottom of the Ninth' means that the game has entered the second part of the ninth and final inning. Unless there is another rally that extends the game, we reach The end of that game. For the team worried about going home with losses, it is the beginning of the end, unless this final opportunity provides a winning rally ( or at least extends the game into extra innings).

Could the General Markets be nearing that time? I'm not necessarily talking about THE TOP, but maybe the end of this winning run and a consolidation period would follow? Maybe, lets discuss this further.

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In my last 'Weekend Report' we took a deeper look at the 'Big Picture', because we had additional views to examine at the end of March. This gave us not only a weekly view , but also the end of the months Monthly view, and also a Quarterly view. I went over that report today and it did point out that behind the beauty, cracks appeared. This week the cracks continued, and though I do not think that necessarily signals The End of the Bull Markets season, We could be in the Bottom of the Ninth for this run. Let's look at our Big Picture View...

SPX DAILY - This is our daily cycle count, with the most recent low of the SPX still at day 34, and it looks like we have a dcl when it closed over the 10sma. Could that change? Unless buyers step in on Monday, I'd say that another 'shake out' dip below the 200sma is not out of the question into day 40 + and here is why I say that...

April 8th – Bottom Of The Ninth?

April 7, 2018 /156 Comments/in Premium /by Alex - Chart Freak

In baseball, the simple call that this is " The Bottom of the Ninth' means that the game has entered the second part of the ninth and final inning. Unless there is another rally that extends the game, we reach The end of that game. For the team worried about going home with losses, it is the beginning of the end, unless this final opportunity provides a winning rally ( or at least extends the game into extra innings).

Could the General Markets be nearing that time? I'm not necessarily talking about THE TOP, but maybe the end of this winning run and a consolidation period would follow? Maybe, lets discuss this further.

.

In my last 'Weekend Report' we took a deeper look at the 'Big Picture', because we had additional views to examine at the end of March. This gave us not only a weekly view , but also the end of the months Monthly view, and also a Quarterly view. I went over that report today and it did point out that behind the beauty, cracks appeared. This week the cracks continued, and though I do not think that necessarily signals The End of the Bull Markets season, We could be in the Bottom of the Ninth for this run. Let's look at our Big Picture View...

SPX DAILY - This is our daily cycle count, with the most recent low of the SPX still at day 34, and it looks like we have a dcl when it closed over the 10sma. Could that change? Unless buyers step in on Monday, I'd say that another 'shake out' dip below the 200sma is not out of the question into day 40 + and here is why I say that...

Friday – Aprils 6ths Futures

April 6, 2018 /200 Comments/in Premium /by Alex - Chart Freak

I am going to release this report at 1 A.M. Eastern, so by the time many wake up, the futures could be recovering, about the same, or getting worse. Did anyone in your house wake up looking like this Theme Picture when they saw the futures? This was the Midnight Eastern time view of the Futures. I got just a couple of emails. What does it mean?

Well, I'm here to say 2 things...

1. It could get a lot better or a lot worse before the Markets open with any news released before then ( Sorry for the cold comfort), but...

2. I do have what I think is some good news, so please read on ...

Thursday April 5th- One By One

April 5, 2018 /135 Comments/in Premium /by Alex - Chart Freak

Todays report is more like a progress report. By now, we all should know what we have been looking for, let's take a look and see if, One By One, we have made some progress. Spoiler alert: We have 🙂 .

SPX - We have day 34 as the low at this point,. In the morning we saw a gap down and buying brought it back above the 200smaand even above the 10sma. This was a swing low on day 2.

Wednesday April 4th- The View Near The Bottom

April 4, 2018 /179 Comments/in Premium /by Alex - Chart Freak

I'm going to start this report with a quick view of the Markets in general, and then I have PART 2 of "What am I watching for during this correction".

SPX - Our daily cycle count is either day 35 and one more drop to come, or the low is in place and Tuesday was day 1. Another drop would be expected, it can give us the normal 'shake out' at the 200sma and shake off the early buy the dips people again. 2638.30 is the upside number to put a swing in place, but let me show you a few other charts backing up the thought that we are at least near the lows ...