Entries by Alex - Chart Freak

Nov 2nd – CONUNDRUM

November 2, 2017 /82 Comments/in /by

Every now and then the Markets give us a bit of a conundrum, and it takes a little extra time and meditation to get to the bottom of things. After the Fed Decision was released and I began to review the charts, I ran into that very situation.  Lets discuss the markets and I will show you what I mean...

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DJIA - This is not the conundrum. We got a Gap open in the morning and then the markets sold off a bit into the close post fed.  Nothing has changed here yet, this looks like day 5 of a new daily cycle.

 

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Choppy Sailing & The Fed

November 1, 2017 /121 Comments/in /by

Trading was going rather smoothly recently in many areas.  We were trading some Biotech,  Steel, Copper, and Fertilizer stocks, and TECH stocks were also acting correctly.  Suddenly this week seems to have turned various areas a bit choppy.  We saw some Bullish Earnings for the big Tech stocks, yet  other areas became a bit shaky. Take a look at charts of  TGB and IPI and you'll see  crazy shake out type moves that are not normal price action.   On top of that, we are now on Fed Wednesday, so what can we expect? Well, the Oil and Energy trades still look good to me, so I want to discuss that a bit more.  Let's also discuss how a Fed Wednesday could possibly affect other areas too.

 

This is a market scan on Fed Wednesday Morning - Just about everything is green really. Click to enlarge

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Tuesday Oct 31

October 31, 2017 /122 Comments/in /by

Did you know that this is a Fed Week?  I don't think that anyone is expecting any changes, and so far, not much has changed from the weekend report. Let's have a quick review and discuss the Oil / Energy stock patterns too.

 

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WEEKEND REPORT – MAKE IT CLEAR

October 29, 2017 /86 Comments/in /by

Last weeks weekend report showed what the BIGGER BIG PICTURE expectations are. This weekend I want to cover the various sectors and explain in a short clear manner what the expectations in the near term are, going forward.

 

DOW - As mentioned last weekend, The weekly chart makes it clear that the DOW is not pulling back as much as it normally would during daily cycle draw downs into the Daily Cycle Lows.  See the chart.

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Friday Oct 27th

October 27, 2017 /128 Comments/in /by

After the closing bell Thursday we had a number of companies release their earnings reports. Some of the Big companies like GOOGLE, AMAZON, MICROSOFT, FIRST SOLAR, etc were among the group and received positive  reactions, with their stocks shooting up in after hours.  Will this usher in the next leg up in the markets  ( or maybe we should just say a 'continuation' higher) ?  Let's take a closer look...

 

DJIA - I was expecting a bit more of a correction, but this flag consolidation may simply be a pause in the run higher.

SPX - I would have expected a drop to the 50sma, but if these markets are in a parabolic run, this may be all we get as it also just continues higher. Let's see what Friday brings.

NASDAQ - I expected a drop to the 50sma area,  but all those positive earnings last night in GOOG, AMZN, Etc. could get the NASDAQ  going again too. Look for a break above the 10sma  or this red dotted trend line.

 

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October 25 – Are We Rolling Over?

October 26, 2017 /138 Comments/in /by

Are the markets starting to roll over? If so, will it be a deep dip, a 'Buy the dip", or is this just another 'one day sell off and recovery'? Let's take a look at the charts and see what we can take note of...

 

NASDAQ - So here we see that the NASDAQ sold off yesterday, but by the end of the day, some buying came in and gave us a reversal candle. Does this mean that onward and upward we go?

 

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Tuesday – Oct 24th

October 24, 2017 /73 Comments/in /by

As I proof read this report written last night, the Futures for the General markets are actually higher ( Green) .  The markets signaled a possible pullback yesterday.  When we discussed the possible Parabolic blow off top scenarios, it was pointed out that the ride was a bit choppy before that final straight shot to the top.  With that in mind, Let's discuss our markets as of Monday...

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NASDAQ OCT 20 -  The 'choppy' run higher would involve dips and surges.

NASDAQ -  I pointed out that dips to the 50sma would be a good entry point if we were to get one.

SPX MONDAY -  We now saw a 'Bearish Engulfing Candle' taking away Fridays gains.  These are usually bearish and can see follow through down, so let's discuss market dips as a possibility going forward.

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Oct 23rd – THE BIGGER BIG PICTURE

October 23, 2017 /33 Comments/in /by

I AM OPENING UP THE WEEKEND REPORT TO THE PUBLIC.  IT IS A LONG REPORT, SO IT WILL TAKE SOME TIME TO READ, BUT I HIGHLY RECOMMEND IT. IT IS A BIGGER BIG PICTURE VIEW.  ENJOY & THANKS FOR CHECKING IT OUT!

 

This weekends report is going to be a bit different.  I often give the Big Picture review, and with that, we have been discussing since last January the possibility of a Blow Off Top / Parabolic move resulting from the general markets' bullishness.   Well, this is going to be an even Bigger Picture discussion, with a number of different Markets discussed.  It is a long detailed report designed to answer many emails that I have received about the bigger big picture , so grab some coffee or tea and let's begin...

 

NASDAQ -  This chart was from last May.  I posted this idea of how the current rally that we were seeing could be becoming  parabolic. Parabolic moves seem like they will never end, and you'll hear that "Nothing can kill this market", and it feels so true. Then suddenly, they die a brilliant death as you can see in the year 2000. See the chart below, where we examined similarities of a final shake out consolidation, a ramp up with somewhat choppy trading that would still having higher lows, higher highs, and then the final Ramp higher...

NASDAQ - Here we are now and the choppiness with higher lows and higher highs seems to be playing out now, and a blow off top would follow. OR, is this the blow off top in play as it just continues higher?  This move is verticle and could lead to the blow off top.  Just ride it long. I have drawn in  a post blow off top scenario with a normal 'back test' of the break out. Let's dig in further...

NASDAQ - Currently, the 'choppiness', when examined close up, is normal.  I have advised buying with a reasonable trailing stop. Each dip to the 50sma can be bought as a low risk entry. Was that tiny dip the DCL, because we are so late into this current daily cycle?  I'll show you why that could be possible later using the RUT AND TRANNIES. If it isn't a dcl, and we get a dip to the 50sma (even with a shake out there), that would obviously be a 'buy'- please read the chart. THis is a healthy strong bull run.

Now let's also look at the BIGGER PICTURE  SPX, RUT, TRAN, DJIA

 

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THE BIGGER BIG PICTURE

October 22, 2017 /84 Comments/in /by

This weekends report is going to be a bit different.  I often give the Big Picture review, and with that, we have been discussing since last January the possibility of a Blow Off Top / Parabolic move resulting from the general markets' bullishness.   Well, this is going to be an even Bigger Picture discussion, with a few shorter term charts at the end for update purposes. It is a long detailed report designed to answer many emails that I have received about the bigger big picture , so grab some coffee or tea and let's begin...

 

NASDAQ -  This chart was from last May.  I posted this idea of how the current rally that we were seeing could be becoming  parabolic. Parabolic moves seem like they will never end, and you'll hear that "Nothing can kill this market", and it feels so true. Then suddenly, they die a brilliant death as you can see in the year 2000. See the chart below, where we examined similarities of a final shake out consolidation, a ramp up with somewhat choppy trading that would still having higher lows, higher highs, and then the final Ramp higher...

NASDAQ - Here we are now and the choppiness with higher lows and higher highs seems to be playing out now, and a blow off top would follow. OR, is this the blow off top in play as it just continues higher?  This move is verticle and could lead to the blow off top.  Just ride it long. I have drawn in  a post blow off top scenario with a normal 'back test' of the break out. Let's dig in further...

NASDAQ - Currently, the 'choppiness', when examined close up, is normal.  I have advised buying with a reasonable trailing stop. Each dip to the 50sma can be bought as a low risk entry. Was that tiny dip the DCL, because we are so late into this current daily cycle?  I'll show you why that could be possible later using the RUT AND TRANNIES. If it isn't a dcl, and we get a dip to the 50sma (even with a shake out there), that would obviously be a 'buy'- please read the chart. THis is a healthy strong bull run.

Now let's also look at the BIGGER PICTURE  SPX, RUT, TRAN, DJIA

 

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