NOTE: GAS PRICES HAVE SKYROCKETED IN THE U.S. THIS WEEK. We’ll keep that in mind as we discuss the Energy sector. NASDAQ – We got the follow through to that daily cycle low that I was expecting, and now we also have a weekly swing low in place. Stay long and watch overhead resistance. […]
Actually, we were expecting higher prices in many of the Market sectors yesterday, so this Green Board that I captured Thursday afternoon was a welcome sight. Let’s discuss these GREEN market Sectors and some Stocks.
The General Markets are breaking higher as expected, and the Biotech sector is also acting Bullishly. After reviewing these sectors and the Precious Metals, we’ll review some bullish set ups in various Tech and Biotech companies. AUG 25th – This weekly chart reversal at support was a buy point, so I pointed this out last […]
SPX– Yesterdays reversal filled a gap and strongly moved higher. It is right against the down trend line, and a push higher above the 50sma and the trend line is a buy if you ask me( I would have taken a chance and bought here). A break higher should indicate that we have […]
We will talk about this and what it could mean for the Miners, after a brief review…
Were you prepared for this action today? At chartfreak, we have been selectively buying Miners and other commodity stocks for weeks, and discussing the bullishness in this sector, despite many articles expressing concern over it. I’m opening up the weekend report, because we have been expecting this break out in Gold for weeks now. […]
Let’s review the weeks market movement and see what is likely to happen next week. NASDAQ -We still haven’t dropped into our ICL, but you can see that the NASDAQ has basically gone sideways all summer. Price is where it was in May. Is this reversal ready to move price higher out of this […]
SPX – So the SPX has a swing low in place, and the timing is right for a dcl, but at the same time, we are overdue for an ICL and this drop did not fit that definition. The SPX was rejected at the 50sma and it is good to note that a […]
Time for what? The clue is in the picture, and we’ll discuss that after a brief review of the markets. USD – We were due for an ICL and not just a dcl in August, but so far this low is acting just like the other dcls, and they rolled over after going sideways […]
SPX – We are well within the timing for a dcl, and the swing low on Tuesday gives a valid buy, with a stop under the low of Monday. If we get the dcl in place here, will the General Markets now just recover and take off to new highs?
