Entries by Alex - Chart Freak

Feb 17th – Choices

February 17, 2017 /217 Comments/in /by

There are times when I feel like I can't even find a solid trade set up, and then there are other times when I feel like there are plenty to choose from.  Right now, I feel like I'm seeing a lot of trade set ups. This Friday edition is going to feature some trade set ups after a quick review of the USD, NATGAS, and Precious Metals.

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Feb 16 – Building Bridges

February 16, 2017 /331 Comments/in /by

Sometimes building bridges by means of consolidation pave the way to higher ground.  I will discuss that later in the report, after a quick market review.

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SPX - Again, this is like a melt up phase, and if I were long I would use trailing stops and let it ride. That long bridge of consolidation has built up some energy.

This was eye opening...

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Feb 14th – Yellen Is Done Testifying

February 15, 2017 /156 Comments/in /by

Tuesday had Janet Yellen speaking before congress, and the USD and Gold both actually acted as expected. That's a relief. Let's review the markets and then of course we have to discuss the day that Nak got Whacked. What can we expect next after that big reversal?

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SPX - The markets are on their way higher after a long consolidation. That consolidation gives energy to the move and even though the vix is low, I would just use a trailing stop and follow this higher.  It is turning into a nice steady move higher at this point, and these can just melt upward.

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Feb 14- Holding On

February 14, 2017 /190 Comments/in /by

I believe that Fed Chairman Janet Yellen is meeting with congress on Tuesday to discuss  monetary policy. This could affect the USD and Precious metals if she mentions inflation and interest rate hike expectations, so let's take a look at what the charts are telling us.

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The SPX continued higher, and this makes this likely a right translated daily cycle. The bullishness of the general markets is holding on.

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Feb 13 2017 – STAY FROSTY

February 13, 2017 /129 Comments/in /by

ALONG WITH THE WEEKEND REPORT, I WANTED TO ADD A REPORT SIMPLY DISCUSSING SOME RECENT TRADE SET UPS. A PULLBACK TODAY COULD OFFER OPPORTUNITIES IF THE DIP IS NOT SEVERE.

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NAK was a buy all last week, and I pointed it out as a consolidation in an uptrend.

WRN - I also pointed out WRN as a nice weekly and daily set up earlier last week. It has popped to $1.62 since I posted this weekly chart, so what can we expect if you took this trade?  The following charts can help...

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Feb 10 – Running Again

February 11, 2017 /53 Comments/in /by

The weekend is upon us, let's review what the last week brought our way and what we should expect going forward.

 

The NASDAQ continues to climb upward and it is hard to tell if this is forming a wedge or is it rallying into a blow off top? I want to look at the SPX and discuss a thing or two there .

SPX - I had drawn this wedge inside of a long term channel for last weekends report. I said that the markets do have the potetnial to keep climbing, but eventually they would reach the top at what looks like $2400 ish. Here it was at 2280.85.

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FEB 10 Charts

February 10, 2017 /183 Comments/in /by

Friday is the last day of the week, and I usually just do a brief report with a few bullish chart set ups.   On Thursday, we did see a variety of action however,  so Fridays report will be a bit longer than normal. Keep in mind that I usually cover things with a bit more detail in the weekend report.

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SPX - Many think that the market is breaking out and going to rally a lot higher. I do not think that for reasons mentioned in prior reports, including the VIX situation.

Last  weekends chart

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FEB 9th – Race Against Time

February 9, 2017 /198 Comments/in /by

Time has certainly been on our side and our trades have been making gains for several weeks now. That said, Nothing lasts forever, so as we move forward we do begin to think about where we are in the stream of time. We are basically racing against time, but I am not concerned yet.  I will discuss this briefly now and a bit more in the weekend report.  Lets review the markets.

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Feb 8th – Still Chillin

February 8, 2017 /228 Comments/in /by

I find that I'm still not making any changes to my thinking since the weekend report. Let's review the markets.

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SPX - I'm watching the green trend line, and that will let me know when the general markets are ready to drop into a dcl.  Even though we do have a break out, the SPX has basically moved sideways since early December.

SPX WKLY from my weekend report. I'm not expecting a strong continuation higher before we roll over.

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PUBLIC REPORT – Breaking Out

February 7, 2017 in /by

In several of my last public reports, I presented the Precious Metals markets as bullish.  Have you been able to take advantage of that?  At Chartfreak, we have been confident and able to make great gains in this sector since the December lows.  I want to again share with the public some of our weekend […]