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.
Author Archive for: Alex - Chart Freak
Entries by Alex - Chart Freak
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 […]
Tuesday August 21 – Is It Possible?
Sometimes what seems to be impossible actually becomes possible, but a man rides in to town on Tuesday and leaves 2 days later on Tuesday? If that is possible, then I guess it is possible that Gold may have bottomed too. Oh, and by the way, his horse was named Tuesday. Let’s review our […]
WEEKEND – REST AND RELATION
I hope that everyone can just enjoy some rest and relation this week, after last weeks market action. We also may want to rest up, because next week looks to be setting up to be interesting at this point… . General Markets were a bit Mixed, and remain that way . SPX – I’ve been […]
HORRIFYING! … Or…???
You are likely hearing the same thing that I am… . – “There is something incredibly wrong here, Miners have sold off before, but never like this!” – “We have NEVER seen a drop like this in Miners, GDX will be in the single digits next week!” – ” This is much […]
August 16th – Capitulation?
SPX – We saw the markets drop on Wednesday and start to recover as the day ended. I am expecting a dcl, and I do not think that this was it. We could bounce & drop or just continue lower, in my opinion.
When?
The markets still look a bit mixed, and I am expecting a dip into a dcl, so let’s start by taking a look at the current set ups. DJIA – I am expecting a dip into a daily cycle low and the DJIA appears to have a bearish rising wedge forming. There is room […]
When The Lightning Strikes…
Can’t you hear the Thunder? There are plenty of rumblings out there in the land of the Miners. They have finally decided to really Join Golds sell off in earnest. We’ll discuss that in the precious metals section after a quick market update. . SPX – I’ve been expecting a drop in the general […]
August 11 Weekend report – Think Happy Thoughts
PART 1 . Yes, that Theme Picture is a real un-doctored Gold Chart that I captured ‘live’ one night at midnight as I was writing my report. In this report I wanted to show you some things that You may find quite interesting about that time period… . You may not even remember June 3, […]
How’s It Looking For Those Miners?
That theme picture seemed funny, because it seems like day after day the deterioration has been relentless in that sector. Actually, many Miners do not really look that bad, and I will point out a couple of Miners that are setting up rather nicely too. We’ll be discussing the General Markets , Oil, The USD […]
