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 […]
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 […]
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 […]
As a reminder: The stock market is closed on Wednesday. Most were buying or adding to positions Minday, based on previous reports and the discussion in the comments section. Let’s take a look at what happened during Mondays trading… .
Is it a Trade War that will continue as time moves forward, or will there be an agreement of terms that both sides can live with? All eyes seem to be on the G20 meeting this weekend for the answer to that question, since it already seems to be having implications on how these markets […]
LET ME SHOW YOU SOMETHING ABOUT GOLD (Below is a sample of Alex’s work from the week. ) . 1. GOLD MONDAY – Above the 50sma, it looked hopeful and Bullish on Monday, even though this was the start of the 3rd daily cycle. 2. GOLD TUESDAY – This was Gold closing under the […]
With a strong knee jerk reaction on Wednesday, we got to see what a little friendly talk about interest rate hikes could do to the markets. Next on the table is the G20 meeting, and center stage is this…
Most of my reports have included the words ‘Choppy’, ‘Volatile’, and ‘difficult’, because of the whip saw type directionless action that we have been seeing. Well, The Fed Chairman gave a little speech Wednesday, and the ride continues on. Let’s discuss the current Market set ups…
Not a lot has changed from the weekend report, so let’s take a look at Mondays action… . SPX – After breaking above the 10 sma, SPX was turned down at the 50 sma and revisited the lows. The SPX is oversold and the MACD does have divergence so we are at least getting a […]
