Author Archive for: Alex - Chart Freak

About Alex - Chart Freak

I’ve been a full time trader for well over a decade and began trading in the late 1990s while working in management and sales at a well-known aerospace company. As my style evolved, so did my success, and it allowed me to leave corporate America to pursue my passion and trade full time.

Entries by Alex - Chart Freak

Same Old Song And Dance – So Far

September 1, 2016 /120 Comments/in Premium /by Alex - Chart Freak

Fridays jobs report may change a few things, but so far the charts are showing the same old song and dance...

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SPX - Not much change here (I added a Thursday candle and a Friday candle as a possibility of tagging the 50sma).Jobs report Friday may give us our directional move. Many expect this to burst higher and run, but at this point, the Vix Chart looks rather bullish.

Straight to The Top

August 31, 2016 /57 Comments/in Premium /by Alex - Chart Freak

The theme picture is just a reminder: The markets do not usually go straight up to the top 🙂

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SPX - No change

Not Much Has Changed Here

August 30, 2016 /117 Comments/in Premium /by Alex - Chart Freak

Monday didn't bring a whole lot of change since the weekend report, but there are few interesting things to discuss.

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DJIA - The general markets continue the chop, and as they become oversold, the 50sma continues to rise under price as possible support.

August 28 – Weekend Report

August 27, 2016 /74 Comments/in Premium /by Alex - Chart Freak

It was a week of activity capped off with some Jackson Hole volatility. Lets take a look...

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SPX - 2 months of sideways should produce a strong trending move. A dcl could shake traders out first.

SPX WKLY - The weekly shows that we are on week 8 out of the recent lows. The prior move did top on week 10 and dip for weeks before surging and making new highs on week 17, so these markets can be tricky, even when bullishly set up.

JACKSON HOLE

August 26, 2016 /80 Comments/in Premium /by Alex - Chart Freak

Welcome to Jackson Hole Friday, please make yourself comfortable, we may experience some volatility. 🙂

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DJIA - I still think that we should get some downside, as we are expecting a dcl.

Wash Day

August 25, 2016 /83 Comments/in Premium /by Alex - Chart Freak

The Bullish love for Miners over the past few months took a bit of a drubbing Wednesday. We didn't see the sellers using the gentle cycle to try to wash away the sentiment, it seems that they may have pulled out that wash board and vigorously scrubbed away at it. Many seemed to be heading for the exits. We'll discuss this further, but first...

The General markets sold down a bit, but we are still within the same consolidation that I've been pointing to for weeks. Any further selling should seek out the dcl that we have been expecting now.

SPX -

Did You Buy That Dip?

August 24, 2016 in Public /by Alex - Chart Freak

At Chartfreak, we were anticipating that a higher low in Oil would prove to be an exceptional buying opportunity after the recent summer sell off. Cycle timing was telling us that it was 'time' for a low to develop, so we began monitoring the charts using technical analysis and cycle timing. Did you buy that dip at the right time? Let me show you what we were watching using actual charts from our August reports. You can ask yourself, if I was a chartfreak member, would this may have helped me with my investing in this sector?

WTIC AUG 3 - Anticipating the coming low, I used this chart to start with. We had a 50% retrace and some Energy stocks were beginning to look Bullish too. I encouraged readers not to buy until we get a break above the tight downtrend.

Have You Been Shopping?

August 24, 2016 /104 Comments/in Premium /by Alex - Chart Freak

Tuesdays markets sparked my interest in a few ways. Let's get to the charts...

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SPX - We've certainly seen this before. Frustrating the longs and the shorts, the sideways move continues.

This Road Won’t Beat You

August 23, 2016 /83 Comments/in Premium /by Alex - Chart Freak

As mentioned in a few prior reports, we are riding through a consolidation zone in some sectors, and now Oil and Energy are experiencing a slight pull back. In Bull Markets, these are healthy events and over time we eventually see higher lows and higher highs. Understandably, these periods where gains are given and then taken back get frustrating for some, especially if they last for long periods of time. With that, I wanted to re-post this recent report from Aug 12th to help us to maintain an unemotional perspective. Please read the article with the link below again, or just skim through it if you have time.

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SPX - The set up is bullish, but I am expecting a cycle dip into a dcl, so I am viewing it this way for now. There is a possibility that these markets just remain supported and head upward into a runaway type move. The dips are very muted.

AUG 21 Weekend Report

August 22, 2016 /48 Comments/in Premium /by Alex - Chart Freak

Looking forward...

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SPX - The squeeze on the Bollinger Bands usually leads to a strong directional move.

You can see that we are consolidating in a bit of a triangle / wedge and heading into the apex. A break out 1 way or the other should occur soon. A break out higher could lead to a runaway move ...