Thursday Jan 25
Author Archive for: Alex - Chart Freak
Entries by Alex - Chart Freak
January 23rd – Still Waiting
SPX - I believe this is day 44 of this daily cycle. It looked like a bull flag going into the weekend, and it did break upward, but it is late in that daily cycle. I would expect a small pull back soon. These are very bullish markets.
JAN 20 Weekend Report
We have a Big weekend report, dealing with the BIG PICTURE, so let's get right into it...
SPX - This is usually a topping candle, a 'spinning top' on the weekly. The markets have been very strong, so a pull back would be normal. We'll see how this plays out next week in our daily reports.
January 19th – Closing In
I want to do a quick market review, and then I have some very interesting charts of Gold & The Miners pertaining to the situation that we find ourselves in currently. I want to use this Friday report to further prepare us for what is coming in the Precious Metals Sector...
SPX - Day 42 is late for a daily cycle and I expect a pull back eventually, but these markets are very strong. Last weekends report pointed out that the 'weekly charts' looked to be heading into a parabolic run, and this week may close at highs again! 'Longs' just continue to take advantage of this never ending gift with a trailing stop 🙂
Jan 18th – More Picks
The VIX was Popping, the markets were dropping, and ...
DJIA - We just can't even get a 2 day pull back in this runaway move 🙂 A trailing stop still has you in this long position ( TQQQ, UPRO, UDOW, ETC). If we do get a sustained pull back, it will likely be a very good buying opportunity.Day 41 for the Dow is getting late.
January 17th – Expectations
With only 1 trading day behind us since the weekend report, nothing has really changed in our expectations for the various Market sectors, but some small changes did take place. Let's just take a look at what we expect going forward.
SPX & VIX - Using the chart below, I had mentioned on January 3rd that as the markets keep running higher, they continues to look to have that parabolic type climb to it. Then I pointed out that with the VIX trading at 9, we should expect a POP in the VIX at some point, and a drop (temporary) in the run. Here I pointed out that LOWS come after a pop in the vix.
The VIX started to pop Tuesday and ...
SPX - The Markets started to roll over. It is day 40, so we are due for a pull back using cycle timing. I would look for a drop to possibly dip under the 10sma for starters. The dips have been shallow, so we'll see how this plays out over the next few days.
January 16th – A GOLDEN BULL
A large part of my weekend report was directed to The USD, Gold, Silver, & the Miners. We caught the lows in December and have been investing in various Miners (& JNUG/NUGT) since even before Mid December. In the daily reports I discuss various bullish set ups and buying opportunities, but each weekend I often […]
WEEKEND REPORT
There is an old saying designed to help us avoid being fooled into believing that something is anything other than it really is. Maybe you are familiar with that saying, it goes like this...
“If it walks like a duck, quacks like a duck, looks like a duck, it must be a duck”
.
I think that this saying can also apply to a Bull too, or even when it comes to a Bull Market run. Whether it is short term or longer term, a Bull Run should be treated as one until it no longer looks like one. Another helpful saying in this regard has been , "Never short a Bull market". Let's discuss a number of Bull Markets on the run here...
SPX - Well nothing has changed here and this is a weekly chart. This is a bull market and anyone trying to short this has been trampled down.
SPX - I have recommended just using a trailing stop to be able to continue riding this Bull ( UPRO, UDOW, TQQQ, ETC), and with these shallow sideways pull backs, the ride continued to another week of new highs.
Let's take a look at the DJIA too...
Something For Everyone
The way the various sectors of the markets have been playing out, I would say that there is something out there for everyone. We have 'short term trades', 'longer term set ups', 'trending runs', etc.
