Author Archive for: Alex - Chart Freak
Entries by Alex - Chart Freak
July 18th – Pops & Drops
Tuesday was definitely a story of Pops and Drops. I have SO MUCH to talk about, so let's take a look...
SPX - From yesterday, we are early in the daily cycle, so I had drawn this chart up, with a run to the top of the trend line likely, before a dip into a dcl starts...
however, I also saw something else that looks important on Tuesday...
Tuesday July 17th
This is a chart that I put in my report last Tuesday. The Financials ( Banks) were set to start reporting earnings, and this actually looked pretty good. Take note of the POP last Monday to the 50sma.
Lets take a look at the financials this week...
July 14th – Let’s Go, I’m Ready Already!
I'm sure that by now, you are ready too! Well, I have some good news on the 'Waiting for an ICL in Gold' part, but first let's cover all of the markets, including something very interesting that I noticed about The EEM. To The Charts!!
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Friday July 13th – Almost There
Today is Friday the 13th, the last trading day of the week. No, I am not superstitious, and the things that we have been watching unfold seem to almost be complete. Let's take a look...
A Matter Of Perception
I want to post something here that I pointed out to my subscribers last week. This is a great lesson on a day when Gold & Silver are selling down again. . Every now and then I do a little ‘lesson’ to keep us balanced. This one has to do with the difference between […]
Wednesday July 11th- Finding Support
Let's review some of yesterdays market action...
July 10th – Tuesdays Ideas
What happened Mondayand what to expect Tuesday...
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SPX - July 5th we seemed to have our dcl in place, day 4. I mentioned that it could be L.T., but a daily cycle could peak at day 15 and still be L.T., so ride it with a stop.
SPX - And it is heading for the upper trend line.
Don’t Get Left Behind
The Theme picture here speaks a thousand words. At Chartfreak, we've covered plenty of bullish set ups in the General Markets like TWTR, SQ, AMD, CREE, CY, TQQQ, SOXL, etc. over the past few months, but in addition to that, I have recently been very focused on the current set up in the Precious Metals Sector. For the public, I want to share what we have been doing with that here.
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We have been tracking Gold, Silver, and especially Miners with focus for the past couple of Months. I have been expecting a deep sell off into a Cycle Low that will lead into an excellent buying opportunity. Interestingly, even though I have expected a deep sell off into that ICL (Intermediate Cycle Low), I started recommending buying at least some Miners weeks ago, because something interesting was taking place. Unlike the prior bear market sell offs, where Miners crashed down as Gold sold off, I noticed several Miners appeared to very strong. They seemed to be under accumulation, despite Golds sell off.
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Take a look at KL for example. New 2018 highs occurred while Gold was selling off over the past few weeks. In fact, it has almost doubled in 2018.
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Did you notice GORO? I have been pointing this kind strength out for Months now, but many are still afraid of this sector. This sell off in Gold has fooled many into believing that "Gold is dropping and Miners are dangerous." I got emails to that affect, but charts do not lie and my daily reports have been sharing many bullish factors that go unnoticed at times.
