Entries by Alex - Chart Freak

Wednesdays Floaters

April 11, 2018 /204 Comments/in /by

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

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Weekend of April 8th- Bottom Of The Ninth?

April 9, 2018 /37 Comments/in /by

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...

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April 8th – Bottom Of The Ninth?

April 7, 2018 /156 Comments/in /by

 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...

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Friday – Aprils 6ths Futures

April 6, 2018 /200 Comments/in /by

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 ...

 

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Thursday April 5th- One By One

April 5, 2018 /135 Comments/in /by

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.

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Wednesday April 4th- The View Near The Bottom

April 4, 2018 /179 Comments/in /by

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 ...

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Tuesday, April 3rd – A Look At Some Future Ideas

April 3, 2018 /83 Comments/in /by

This is going to be a relatively short report, with some market coverage and some charts of individual stocks too.  The reason is that honestly,  our expectations  from the very long weekend report and last week have not changed with Mondays action.  Let's take a look...

 

SPX -  We now have a day 34 Low.  Our cycle count for this daily cycle is maturing, we will be looking for the next DCL  or an ICL to arrive soon.  The Feeb Lows were not taken out at this point. Reminder:  If we are to  drop into an ICL, that drop  can cascade sharply, so I have been admonishing the readers here that we wait patiently wait with Cash for a DCL.  A recovery here could become a 'shake out" in the 200sma.

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Another Big Picture View

April 1, 2018 /73 Comments/in /by

We usually do a Big Picture view on the weekend report, but we leave more of the short term details to the daily reports.  In this weekend report, the Big Picture may take on a bit more importance.  Why? Because as March ended,  along with the daily details of the Mid week reports,  we now have the end of the Week, the end of The Month of March,  and The End of the 1st Quarter of the year.

So let's take a BIG PICTURE view along with a few close up daily charts and see if anything stands out...

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