Entries by Alex - Chart Freak

May 12th Weekend Report

May 13, 2018 /92 Comments/in /by

Let's review our market activity for the week.  After enduring a lot of choppiness in various Market Sectors recently, this was a week of change, with out prior reports discussing 'crossing the line' and 'Follow through'.   Let's take a look...

 

Read More

How About Some Friday Follow Through

May 11, 2018 /79 Comments/in /by

Yesterdays report was entitled  "Cross That Line", and the markets did just that!  They crossed the lines that we were looking at,  so I figured that it wouldn't hurt to name Fridays report, "How about some Friday follow through", to see if they would accommodate again.

Let's take a look at how accommodating  the market action was yesterday...

 

SPX - SPX crossed the line, breaking the down trend.

 

Read More

May 10th – Cross That Line

May 10, 2018 /154 Comments/in /by

 

 

SPX - The General Markets are shaping up and as mentioned in yesterdays report- I expect the SPX to cross this line.  That is ( at least short term) A bullish break out from a down trend. We also have been watching this triangle formation.

 

And this is why I mentioned that I would expect a break higher...

Read More

May 5th Weekend Report

May 6, 2018 /170 Comments/in /by

Usually for the weekend report, I like to take a step back and see the Big Picture, but for this weeks report we will have several daily charts too.  This will help us to focus on what to expect in the short term as well as keeping the longer term Big Picture in view.

 

Read More

May 3rd – 1 step closer

May 3, 2018 /70 Comments/in /by

 When it comes to cycle timing, every step does get us closer to our goal.

.

 

SPX DAILY  - WEAK. We will be on day 23 Thursday, and the markets moved slightly higher after Wednesdays FOMC Decision, and then sold off into the close. This still looks weak, I remain cautious.

 

Read More

Tuesday May 1st

May 1, 2018 /74 Comments/in /by

 I have been expecting this to be an active week, so as we approach FED Wednesday, lets review how Monday traded...

 

SPX - So far, the move out of the April lows has been weak and appears to be struggling at the 50sma.  With the daily cycle count ticking away, this needs to break above that 50sma soon, or it will get caught up in a sell off when the 'time' is up.

 

And don't forget this...

 

Read More