Entries by Alex - Chart Freak

Thursday October 19th

October 19, 2017 /98 Comments/in /by

 

 

SPX - Yesterday in our comments and in other blogs I read where people were saying how this market can't pull back,  nothing can drop it down, people were adding leverage, etc .  That very thing happened at the various 'tops'  before a big drop on other occasions, late in a daily cycle.  Let me show you the DOW & THE NAZ.

 

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Wednesday October 18

October 18, 2017 /122 Comments/in /by

 

 

DOW JONES -  No change here, just a bullish run up and off of the 50sma that seems like it'll never end, but they do. We are overdue for a dcl, so trailing stop and we'll see if we get that dip this week. The Dow hit 23,000 for the first time ever.  When it hit 21,000 & 22,000 it dipped within 4 days.

 

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OCT 14th Weekend Report

October 14, 2017 /185 Comments/in /by

For the weekend reports, I am trying to cover all of the sectors and point out where we are in time and what we are looking for in the big picture. During the week, I focus mainly on things like stock picks , trade set ups, day to day progress and expectations for the various sectors near term.  In some cases, when advantageous, I'll  cover daily charts in the weekend report too. This weekend I will do a little of both.  Let's take a look at our Big Picture expectations.

 

 

SPX DAILY - We are running late in this daily cycle, so it is due for a dip into a dcl. The markets have been very bullish and buyers have bought each 1 day dip lately.  Now -  Look at the Last week of July & the First week of August.  We may have a similar formation now, however a POP in any direction can take place first. Trailing stops work the best here.

Weekly charts ...

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Oct 10 – Have A Seat

October 11, 2017 /188 Comments/in /by

Welcome to Wednesdays trading, please have a seat and we'll start out discussion...

 

SPX - I believe that this is day 36 and I would expect that the markets can pull back into a dcl at anytime.  This remains a strong market, able to peak around day 36  ( R.T. Again).

 

 

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Oct 8th – Are We There Yet?

October 8, 2017 /133 Comments/in /by

Let's take a look and see where the last week of trading took the markets...

 

SPX -  The Big Picture for the General Markets remains the same. The ICLs  ( deep meaningful dips in the market) are becoming less visible as the bull run picks up speed.  Daily cycle wise? We are entering the time for a dip into a dcl.

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Friday October 6th

October 6, 2017 /180 Comments/in /by

Today is Friday, the last trading day of the week, and I have quite a few thoughts rolling around my head.  One of the biggest is the employment report.  Why? The Markets are on fire, The NASDAQ just broke out , following the SPX, DJIA, and RUT - which have been on fire.  What if the Jobs report disappoints?  What if the hurricane that hit Texas and then another one that hit Florida disrupts the employment numbers and caused more than expected to report that they are not working?

 

Well, again, it is Friday the last trading day of the week, so lets just look at what is in front of us as of Thursday nights close.

 

SPY - What a solid run higher after the break out. No change here.

 

IWM -  I used this chart in the comments /  chat section yesterday to simply show why I would use a 'trailing stop'  rather than just selling my position when it gets to a point of 'overbought'.  You would not be forced to sell in a runaway move,  you just ride the gains until the top is in.

 

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