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

Lets Just Ignore The Elephant In The Room

January 27, 2016 /58 Comments/in Premium /by Alex - Chart Freak

So lets just pretend that today is just a Wednesday like any other Wednesday. Things are playing out exactly as expected. To the charts!

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SPX Monday - I called the reversal last week a trade-able low, and the Quick sell off Monday just a back test of the trend line.

SPX TUESDAY - It's only day 4 , so I expect this run higher to continue.

DRAG

January 26, 2016 /30 Comments/in Premium /by Alex - Chart Freak

Monday saw a little drag on various sectors of the market, but I still expect a bounce before another wave of strong selling resumes. WEDNESDAY is a FED day, so anything can happen, but Cycle timing is right for bounce.

The old saying is that a picture is worth 1000 words, and sometimes I see a chart that's worth a thousand words too. The Banking index, for example , says a lot.

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This is the Banking Index

The above chart is quite oversold, but it is also quite unhealthy looking...

Public Post – The Bigger Picture

January 25, 2016 in Public /by Alex - Chart Freak

Here at Chartfreak , we've been looking at the short term moves for traders that are likely to occur as well as The Big Picture that may be changing. I expected changes, and that is what we have seen developing already in 2016. The weekend report had over 30 charts, so I thought that I would share a couple here with the public readers.

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SPX QUARTERLY - They say that a picture is worth 1000 words. This speaks volumes if things dont change in a big way.

Lets look at a few other areas...

1-23-2016 WEEKEND REPORT

January 24, 2016 /36 Comments/in Premium /by Alex - Chart Freak

The weekend report will discuss the changes that we have expected for months, and how we now see those changes taking place. Also, as mentioned in the last report, the recent sell off is now changing into a Long position, but for how long? To the charts! 🙂

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SPX - On Thursday, Jan 21st I mentioned that a swing low was in place ( Bullish for going long). It is safer to wait for follow through with a confirmation break above the 9 sma.

SPX - We had that confirmation on Friday. For traders, going long SSO, TQQQ,IWM, and various stocks was in place.

But please, lets not forget the Big picture too...

Fast Trades

January 22, 2016 /32 Comments/in Premium /by Alex - Chart Freak

Just a Quick market review and then I want to discuss some fast trades for those that like to trade, but aren't ready to buy & hold quite yet.

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SPX - I discussed the reversal and likelihood of that low to be in place for a bounce / rally. Thursday did put a swing low in place and the timing is right for a low. We do not have a break above the 10sma as confirmation yet , so the safer trade lies ahead, but some may have wanted to buy the swing based on timing, and place a stop below the Wed lows.

SSO, TQQQ, etc can be traded coming out of the lows, with a stop just below recent lows.

1-21-16 – Prepare For A Bounce

January 21, 2016 /48 Comments/in Premium /by Alex - Chart Freak

The Dow Jones Industrial Average was down over 550 points yesterday and then rallied back into the end of the day, putting a form of reversal candle in place. Thursday morning the futures are RED, but we are at an extreme point that calls for a bounce/ rally. Yes it could last for days and weeks, but is the selling over? Lets review the markets and some stocks.

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The SPX put in a large reversal candle too, after breaking below the August lows. 1730 is a normal downside target, but I think we rally first. It should be easy to get a swing low. A move above yesterdays highs begins the process.

What do I expect from this move higher after it starts?

Public Post – Market Madness

January 20, 2016 /3 Comments/in Public /by Alex - Chart Freak

We saw quite a few reversals by the close of trading on Wednesday. Below are excerpts From Tuesday nights premium newsletter.

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NASDAQ - The futures are up over 100 to 200 points each morning, but the rally fades. What to do? Wait for a reversal and a move above the 9sma to be safe.

Here is the SPX ...

They Did What?

January 20, 2016 /68 Comments/in Premium /by Alex - Chart Freak

Yes, Gold has a bullish looking set up, and miners not only sold off, but they broke to new lows. We will discuss that, but first lets take a look at the rest of the markets.

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NASDAQ - The futures are up over 100 to 200 points each morning, but the rally fades. What to do?

Here is the SPX ...

Jan 16 2016 – Weekend Report

January 18, 2016 /96 Comments/in Premium /by Alex - Chart Freak

As expected, we have seen quite the sell off in the general markets. Oil & Commodities have been selling off too. Gold , Silver , And Precious metals are holding up, but are they ready to run now, or will they sell off? I actually spent a part of this weekend digging in to older charts and making some new ones, so lets take a look.

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While digging into older charts, I actually found this warning chart that I posted in April of 2015, when I said I thought we were seeing that rising wedge forming. Also by counting the months of the Bull market, we looked to be late in the bull. I am re-posting it because it had a logical target to me at that time.

SPY - We topped in May 1 month later. Now drop to Test the break out?

SPX - We broke the Aug lows Friday and recovered. This is a failure, but we can get a solid bounce soon. Lets discuss a couple of possible scenarios . One is a flash crash right now, the other is a believable rally that rolls over eventually.

1-15-2016 Miner Exception To The Rule

January 15, 2016 /89 Comments/in Premium /by Alex - Chart Freak

Yesterday I saw a rather bearish development in Miners, so I immediately began doing research to see if what I was seeing was a major concern. I found something very interesting that happened in the past, and I will share that finding with you here, but first let me review Gold here.

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This was Gold in my last couple of reports, and I expected it to drop down and test the break out. As mentioned, Gold had a very bullish set up, and the C.O.T.remains bullish. Here is how it played out. I expected a back test.

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We got the back test, but Miners broke down as gold reversed higher. And with Gold then down pre-market, would this pattern hold up?

This was Gold at the close Thursday. We would like to see this triangle hold up, and so far so good.

What about the Miners though? What did I see that was concerning, and what did I find that I thought was important to share with you?