September 5th- What Is Going On?
The theme picture that I drew up speaks for itself. I will address that after a market review… .
Author Archive for: Alex - Chart Freak
Entries by Alex - Chart Freak
Friday August 31 –
SPX – The SPX broke out above the upper trend line, but dropped back down on Thursday. We see a gap & the 10sma below, these could be initial targets, so let’s see how things play out.
Thursday August 30
Let’s discuss the current set up in various market sectors.
AUGUST 29th – Here Again
1. Last Night I mentioned to my readers that I was seeing a drop in Gold coming. Gold was at $1212, and I posted this chart saying that we could see a drop to $1200. That is not a big deal, but we are waiting for a short cover rally, so apparently we had to […]
August 28th – Things Are Popping
A Monday night report should be short, because we’ve only had one day since the weekend report, but Monday was a very active market. This report will be longer than the usual Monday report. . Review SPX August 21st – This was last week, and we saw the SPX meet up with 2 resistance points. […]
August 25th – Do The Weekend Swing Dance
Friday seemed like some sort of an anti-gravity day, with most sectors climbing nicely higher. We even had Swing Lows enter the dance floor, so let’s take a look at our current market set ups… RUSSELL 2000 – We looked at IWM and TNA earlier this week as buy signals, and we have follow […]
Friday Aug 24th
Welcome to the last trading day of the week… USD- This is a copy/ paste from yesterdays report, expecting a USD DCL. UUP ( USD) – It looks like the DCL may have formed. I mentioned yesterday Now let’s discuss Gold…
August 23rd – Chart Set Ups
. I will have many trade ideas at the end of this report. . TNA – I mentioned that The Russell 2000 ( RUT, IWM, and you can use the TNA) Looked bullish, and this was the break out. It was and is a buy.
August 22 – FOMC Minutes
The release of the FOMC Minutes from the last Fed Meeting is scheduled to be released today. At times, this can cause a reaction in the markets, if the verbiage or language that was used seems more Hawkish or Dovish than originally interpreted. For example, if they were to mention a concern pertaining to inflation […]
