Entries by Alex - Chart Freak

Feb 8th – Playing It Safe?

February 8, 2018 /140 Comments/in /by

When the Ice begins to get too thin to support you, you would proceed with caution and maybe even take the safer route.  When the markets experience a serious 2 day slam down,  it isn't always the best time to just jump ' all in' with  leverage.  That is a trade that may or may not work out, and so it has higher risk.  Leverage has probably robbed more people of their soul than thin ice has.  Let's discuss that in todays report after our recent market sell off ...

 

NASDAQ -I covered the general Markets extensively yesterday, review that report if you need reminders. We had a strong reversal, and it did stall today. It is an unconfirmed swing low.

 

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Feb 7th – Flush And Then A Fresh Start?

February 7, 2018 /132 Comments/in /by

The recent flush down of the markets is viewed by some as alarming and even terrifying, but in a bull market,  it's often just a necessary flush of excess bullishness and a re-set to a fresh start.  It takes time to see exactly how this will play out,  but let's take a look at the recent flush down and discuss those  possibilities...

 

SPX #1 - After a strong reversal, the SPX had a large 'sell on strength'.  My thoughts? We just might not get the V-Bottom that many expect.  This still may be our 'Lows' for now, and I will show you what I am thinking shortly.  This was a massive flush down compared to any other pullback on this chart.  Please read the chart.

 

 

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Feb 5th – The Markets Have Spoken

February 6, 2018 /172 Comments/in /by

The markets have spoken.  They have been ripping higher for weeks and they said,  "I need a rest!",  and so we had another scalding drop in the markets on Monday.  We were expecting a drop into a dcl, but it looks more like a drop into an ICL, since we are overdue for a good ICL too.  Let's take a look at Monday activity...

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DJIA MONTHLY-  Recently on this chart I pointed out the accelerate rate that the Markets jumped in 1 month.  That Monthly candle was a lot bigger than the rest,  like panic buying in January.

DJIA-   Now the Dow dropped 666 points on Friday and was down almost 1600 points at one point on Monday, wiping out January & Decembers trading. You can see the benefits of a trailing stop when these markets climb relentlessly.

 

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Feb 3- It’s Melting, But It’s Not Necessarily Ugly

February 4, 2018 /168 Comments/in /by

Friday gave us what looked like a Melt Down across the board.  Like the Theme picture,  melting does not necessarily mean that it is time to throw it away.  We may find some good buying opportunities when the selling dries up.  Let's take a look at the Markets...

 

DOW JONES #1 - WEEKLY - I was just pointing out this week that we haven't really seen a 2 day sell off in a long time, but we were due for a DCL ( Sell off).  Well, the Dow dropped 666 points on Friday ( No, I don't ready ANYTHING into  that )  🙂

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January 28th – The Weekend Report

January 28, 2018 /143 Comments/in /by

 We rode out some choppiness this week, so the weekend report can act as that  'beacon in the storm' that guides us along.  Let's review our Markets...

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SPX WEEKLY #1 - As expected, the General Markets are accelerating and this weekly chart shows the last 4 weeks as strong green weeks. A trailing stop has been very effective for those riding this 'long'.

 

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