Entries by Alex - Chart Freak

Oct 31 – A Closer Look

November 1, 2016 /156 Comments/in /by

We had a huge weekend report, and so what possibly could be said only 1 day later? Well, I have 14 charts in this report to help us to take a closer look at things, because this is a Fed Week.  To the charts...

.

SPX - I want to say that there is no change from my expectations over the past several weeks. We didn't go long or short, because these sideways markets can just waste time and chop up funds. We are due for a dcl ( possible ICL) , so I do expect a bit more of a drop to a new low, not a move higher yet.  We have Fed Wednesday ahead.

spx-10-31

Read More

Weekend Report – Visibility

October 30, 2016 /51 Comments/in /by

Another week that started off a little unclear in some areas, but I think we're starting to see some clarity now. Lets review the current condition of the markets and then focus on Precious Metals sector. 

.

I have been pointing out the potential resistance in the General markets. With the exception of the Nasdaq , which has done a little better, Markets have been rather stagnant. Lets look at the progress over the Month of October. 

SPX -This was SEPTEMBER 30th, and the choppiness was making it unpredictable and untradeable.

spx-29

SPX NOW - 1 Month later and it is a tad lower with a big rounding top.  On Oct 13th it broke to a new low and I warned that it now looked like it would NOT go upside until it first breaks to new lows again ( Failed daily cycle). 2077 is currently the 200sma and a possible support.

spx-10-29

Lets look at the weekly chart

Read More

Friday October 28

October 28, 2016 /194 Comments/in /by

Well, you know the story. I don't usually plan on doing a Friday report. Thursdays report can usually cover what could happen on both Thursday and Friday.  We are specifically focused on Gold  & Miners , so we should discuss that area a bit before the weekend. Let's start with the $USD.

.

USD Oct 26 - Would the dollar drop into its Daily Cycle Low, or would the 10sma act as suppport? It is overdue to dip down.

usd-10-26

USD Oct 27 - It DID use the 10sma as support so far. This Daily cycle rise is longer than normal.

usd-10-27

Read More

So That’s How The Internet Works

October 26, 2016 /138 Comments/in /by

This report is all about How the internet works, and Gold, Silver and Miners.

.

This is how the internet works...

GDX - This was from my weekend report, and I showed how the 10sma could be tagged by GDX and the drop would back test the trend line.  Totally normal, so we were ready.

.

gdx-wkend-reportGDX MONDAY -  When it actually  happened, this was exactly what  we knew should happen.   Well, the  internet lit up with Bearish chatter.  I was hearing that Gold was about to get crushed, Miners were 'crashing' , and the USD was rallying!  T-H-A-T is how the internet works now, fear breeds fear.  Is this soooooo bad?

gdx-10-24-3-14-pm

Well  lets discuss Tuesday and see ...

Read More

Mixed Monday

October 25, 2016 /149 Comments/in /by

So far I think that the action in the markets today basically matched my weekend report, but they were received with mixed fanfare. Lets take a look and review expectations.

.

I was looking at SPX like this, trapped under the 50sma and 10sma. 

spx-10-18

Today the Markets gapped open higher and the NASDAQ was up near the 2016 highs. Lets take a look.

Read More

GOLD AND THE USD

October 24, 2016 /14 Comments/in /by

CAN GOLD CONTINUE TO RISE, SINCE THE USD IS MOVING HIGHER TOO?

.

That question and other ones similar to it keep coming up lately and understandably so.  Gold usually drops when the USD rises, but lately we do see both rising at the same time. I called a low in Gold recently and have been trading in the Precious Metals sector, but some are having a hard time believing it when they see the USD rising too.  Allow me to share my thoughts on this. The following 4 charts are from the weekend report, where I tried to help my readers see the answer that question.

GOLD AND THE USD

 

CHART #1 -The USD has slowly been approaching the Highs of 2015. The chart does look quite bullish, but it does also show prior lows being taken out and lower highs so far.

 

usd10-21w

Read More

Underlying Strength

October 21, 2016 /88 Comments/in /by

There was a time when I only released reports Tuesday , Wednesday, Thursday and the huge weekend report would cover Monday. I felt that the Thursday report would cover both Thursday and Friday and that the weekend report caught us up for the Monday trading. With the Bull markets of Precious Metals, Oil, and Commodities coming alive this year, I have released at least a small Friday report almost every Friday in 2016. Why stop now?  

 

.

So this is just another short ( short?  13 charts  )  report to point out that Thursdays dip or slam down  in Gold , Silver, and Miners actually may hint at some underlying strength, and that may be enough to encourage anyone that is a little too light to buy these dips. Lets take a look...

Read More

Step By Step

October 20, 2016 /107 Comments/in /by

Things have been falling into place step by step this week. In this report, I just want to point out a few things that I am watching when it comes to our positions in Miners after a brief review of the Dollar and Oil.

.

USD - This looks bullish really, but it is very stretched according to cycle timing. It should roll over into a dcl soon. The Precious Metals are ignoring the USD when it rises now, possibly a sign that the Dollar is ready to dip down.

usd-10-19

Read More