Entries by Alex - Chart Freak

JANUARY 11 – COPY / PASTE

As I was gathering charts for the report, I realized that many of the charts for Tuesday looked just like Mondays.  That means there really isn't a whole lot new to say in some sectors, so let's do our review and then discuss some stock picks.

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From Monday - no Dow 20,000

No big change - Copy / Past

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JANUARY 2017 – WHAT TIME IS IT?

It's time to see what 2017 has to offer us as traders and investors!

We've started the new year and trading has already been very exciting in various sectors that we at Chartfreak have been looking into.  So 'What time is it?'  It's also time to get on board and make some money in a variety of bullish set ups that are appearing in the markets!  This is a glimpse what we have been looking at lately.

 

GOLD - I love deep sell offs, because they can lead to strong bounces or recovery.  We were waiting for a close above the 10sma. Some Miners bottomed first, but Gold needed to close above the 10sma to start a bullish move higher.

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January 10th – Additional Thoughts

After our normal market review, I wanted to share some additional thoughts about the Uranium Sector, since it has also been perking up and showing signs of life after a bear market sell off. I don't want this to distract anyone from our current focus and trades, but my pointing out a few things here today allows the readers some time to do a little additional research of their own if they are interested. By the end of this report, you will see why I think this could be worth bringing up.

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DJIA -  No Dow 20,000 yet. This really doesn't seem to be a true magaphone topping pattern, but it is close. A flat top pattern would be bullish, so I'm watching for a break of either blue line.

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Weekend Report – Still On Track

Things are pretty much playing out as expected in the markets, and from what I am seeing in the precious metals sector, things are still on track there too. Let's take a closer look at what last weeks action brought us.

 

DJIA -  19999.63, are you kidding me?  🙂  A fraction away from DOW 20,000.  I feel that we likely just saw a dcl and I would expect a push to new highs soon, so DOW 20,000 should be accomplished in the near future.

There are, however, a couple of other things that I'm noticing in the general markets too.

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Ready To Run

Todays report is simply to discuss stocks that look ready to run. Tuesday, while looking at the S&P 500, we saw a reversal. We also saw a reversal in many of the stocks that I had been eyeing, so let's take a look at the the markets and some of those stocks.

 

This was from yesterdays report.  It was bullish overall, because we were locking in a right translated daily cycle, but I was also expecting a dip into the daily cycle low. In the weekend report, I pointed out the 50sma as a possible target for that drop.

 

SPX - On Wednesday we saw follow through on the reversal.  I do not know for sure if that was the dcl, but these markets look set to go higher.

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Looks Inviting

There are areas of the markets that are looking quite inviting, so lets review the first day of trading in 2017 and see what we can find.

 

SPX - From the weekend report, I expected a bit more of a drop.

SPX - Good volume on the reversal, this could continue higher.

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HIGH RISK

This is a BONUS report, but please know in advance that this report is not being written to encourage all of my readers to invest in this area. It involves what could be considered higher risk trading, so while I welcome everyone to read it through, please know who you are as a trader / investor and do not take unnecessary risk. Look at that Theme picture again.  If that is not you, then please proceed with caution. 🙂

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