Entries by Alex - Chart Freak

Thursday June 7th- Just Ride’em!

June 7, 2018 in /by

SPX -  At the end of May we completed out Break out and Back test, so this was expected to make a run for the January highs.

SPX - And we have been running higher, so with this kind of set up, you can just buy & hold.  Let me show you a couple of other charts...

 

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May 31st – Waiting For The Fat Pitch

May 31, 2018 in /by

 

SPX TUESDAY - Break outs often 'back test' the break out, so I mentioned that this drop Tuesday was possibly just a back test. General Markets would be a BUY with a tight stop at this point.  ( UPRO, TQQQ, ETC).

SPX YESTERDAY -  SPX broke back above the 10sma and that was likely a perfect back test. This is a buy, but we really want to see this move higher quickly. That may have been a 1/2 cycle low.

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Wednesday May 30th

May 30, 2018 in /by

After my long weekend report, I was planning on just a quick cover of the markets and then discussing various Miners.  That plan changed a bit when the market action also changed a little bit. I received a few emails discussing concern over Italy leaving the Eurozone, and problems with Greece, the Euro, etc., and the possible affect on US Markets,  so now I'll  just briefly discuss this and a number of things...

 

 

SPX - I'm looking at 2 things here. Yes,our General Markets dropped a bit, but if Italy and Greece have problems, the US markets could also be considered a bit of a safe haven area. Money could eventually flow into these as an investment, so...

1. If this reversal at the 50sma holds here, this is a nice set up as a low risk entry. It looks like a back test of the recent break out too.

2. If it closes below the 50sma, I would be concerned that things could be breaking down and would become more cautious until things settle down.

 

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May 26th Weekend Report

May 29, 2018 in /by

 We have really been focusing on whats going on in the Precious Metals Sector lately, so with that in mind, I am releasing this weekends  Premium Weekend Report to the public, enjoy!

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SPX - We discussed the break out from the down trend / triangle as bullish 2 weeks ago, but we really need some upside to increase the big picture bullishness.  An ICL in Feb formed and I'd like to see new highs within this intermediate cycle. This is currently a bullish set up, as discussed in the weekday reports.

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May 26th Weekend Report

May 27, 2018 in /by

SPX - We discussed the break out from the down trend / triangle as bullish 2 weeks ago, but we really need some upside to increase the big picture bullishness.  An ICL in Feb formed and I'd like to see new highs within this intermediate cycle. This is currently a bullish set up, as discussed in the weekday reports.

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