Entries by Alex - Chart Freak

What’s In Your Wallet?

February 2, 2017 in /by

What have the readers at Chartfreak been looking at as the best near term investment?  Since the lows were put in in December, we have been buying and focused on Miners.  I did expect a pause or pullback in January, but I also wrote a special report telling my readers "Not to get too cute"  and over trade this sector, because more upside was on the horizon.  On the blog, last week I wrote specifically about GDX, see post: https://chartfreak.com/2017/01/market-vectors-gold-miners-gdx/

I've decided to give you a portion of the member report sent before Fed Wednesday.  The report covered all of the markets, but the main focus has been on the Precious Metals sector. So the following is a part of Wednesday's precious metals section.

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FED WEDNESDAY IS CLOSE

January 31, 2017 /137 Comments/in /by

Let's discuss Monday and keep in mind that we are closing in on the FOMC meeting Wednesday.

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SPX FROM THE WEEKEND REPORT - After the break out the VIX was below 11!  I expected that we could get a drop and not a continuation higher for now.

I posted this in the comments section near 11 a.m.,  the VIX was popping and the markets were dropping.  This looked like the markets could be rolling over going into the Fed Meeting.

SPX END OF THE DAY -  Then the markets reversed and put in a pretty big reversal candle. It recovered back to the consolidation highs, but it was still down 14 points. The jury is still out, but anyone that jumped in long at the break out or short as the day sold off have both been schooled a bit. The school of volatility.

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Weekend Post- Progress Report

January 29, 2017 /38 Comments/in /by

This is our weekend wrap up, and I really like what I am seeing. This is a long report with a good amount of discussion and about 30 charts, enjoy.

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SPX - The General Markets broke out as expected, but we have yet to see follow through.

Let me show you something interesting ...

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Still On Target

January 27, 2017 /163 Comments/in /by

It's Friday, the last trading day of the week, and things are continuing to move ahead, right on target. Let's take a look...

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When I pointed out the USD on Wednesday, we were looking at a new low on day 32, with a peak on day 16.

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Wednesday Jan 25th

January 25, 2017 /174 Comments/in /by

Some of our trades are running and others have paused.  We'll discuss this as we go through our market review.

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SPX - This looks like an inverse H&S and looks to be breaking out higher. The SPX and Nasdaq did hit new highs.

Let's look at the Dow Jones ( Dow 20,000?)...

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