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

Sept 10 Weekend Report

September 11, 2016 /53 Comments/in Premium /by Alex - Chart Freak

This week ended on a sour note if you were long in various sectors. With the Fed decision coming up, investors seem jittery or anxious to lock in profits. Is this the start of a new sell off , or just another small ripple in the large sea of investments? Lets examine the charts...

SPX SEPT 6th- I thought that we finally got our DCL on that slight dip to the 50sma, and I will address that in the next chart. This LOOKS like the start of a major sell off, but ...

ENERGY AND PRECIOUS METALS

September 9, 2016 /72 Comments/in Premium /by Alex - Chart Freak

The OIL and NATGAS inventory reports were released on Thursday morning, It looks like we can continue making money from the Energy set ups.

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WTIC -

NATGAS -

Is That A Gift?

September 8, 2016 /169 Comments/in Premium /by Alex - Chart Freak

It looks like a gift so far, but until it is unwrapped, we really cant be sure. One thing stands true though, I dont want to be ungrateful if it is.

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Back Up Plans

September 7, 2016 /121 Comments/in Premium /by Alex - Chart Freak

We have a good amount of volatility shaking things up, so we want to have a plan and a back up plan. Lets review...

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Sept 3 – WEEKEND REPORT

September 4, 2016 /117 Comments/in Premium /by Alex - Chart Freak

Knowing that my readers are both short term traders and longer term investors, I want to always look at the charts and view them with a long term, medium term, and short term perceptive. At times all 3 views are sunny or all are murky, but in times like these, I also get a mixed bag. Lets review the charts and you will see some good and some questionable things in various sectors. This can help to sort out our short term and longer term investments.

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Back before Aug 26th and on this Aug 26th chart, I mentioned that we could see price continue sideways until it tags the 50sma, or maybe even break it in shake out fashion.

SPX - Each sell off is met with buying reversals, so this reversal with the Jobs Report "might" be enough to put in the daily cycle low. If so, this should break out & continue higher, instead of more of this 2 month choppiness.

Grand Designs

September 2, 2016 /141 Comments/in Premium /by Alex - Chart Freak

I dont always need to know 'How?' or 'Why?' it happens. Just like the formation of this flower, grand designs and patterns grow and develop within the markets cycles and within nature. We watch and wait for things to play out and right on time, we get our completed Grand Designs. Lets watch how things are playing out...

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I'm starting with the USD today. In the weekend report, I mentioned that I didn't really expect the USD reversal to get too far.

2 days ago we found ourselves on day 8 of the daily cycle. Expecting that it should become L.T. and roll over, we pointed out the 200sma as possible resistance. The chart looks bullish, so will that pattern of being a L.T. Daily cycle play out?

USD - Thursday we saw the USD drop pretty hard and even lose the 50sma again. We'll see what happens after the JOBS REPORT FRIDAY. This $USD drop bottomed Gold. All we need is a little follow through.

USD LONGER TERM VIEW - Even if the JOBS report gave the USD another burst higher, I do not see it taking out the overhead trend line.

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.