Entries by Alex - Chart Freak

Wash Day

August 25, 2016 /83 Comments/in /by

The Bullish love for Miners over the past few months took a bit of a drubbing Wednesday.  We didn't see the sellers using the gentle cycle to try to wash away the sentiment, it seems that they may have pulled out that wash board and vigorously scrubbed away at it. Many seemed to be heading for the exits.  We'll discuss this further, but first...

The General markets sold down a bit, but we are still within the same consolidation that I've been pointing to for weeks. Any further selling should seek out the dcl that we have been expecting now.

SPX -

SPX 8-24

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Did You Buy That Dip?

August 24, 2016 in /by

At Chartfreak, we were anticipating that a higher low in Oil would prove to be an exceptional buying opportunity after  the recent summer sell off.  Cycle timing was telling us that it was 'time' for a low to develop, so we began monitoring the charts using technical analysis and cycle timing.  Did you buy that dip at the right time? Let me show you what we were watching using actual charts from our August reports.  You can ask yourself, if I was a chartfreak member, would this may have helped me with my investing in this sector?

 

WTIC AUG 3 - Anticipating the coming low, I used this chart to start with. We had a 50% retrace and some Energy stocks were beginning to look Bullish too. I encouraged readers not to buy until we get a break above the tight downtrend.

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This Road Won’t Beat You

August 23, 2016 /83 Comments/in /by

As mentioned in a few prior reports, we are riding through a consolidation zone in some sectors, and now Oil and Energy are experiencing a slight pull back. In Bull Markets, these are healthy events and over time we eventually see higher lows and higher highs.   Understandably,  these periods where gains are given and then taken back get frustrating for some, especially if they last for long periods of time.  With that, I wanted to re-post this recent report from Aug 12th to help us to maintain an unemotional perspective. Please read the article with the link below again, or just skim through it if you have time.

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CHOPPY WATERS

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SPX - The set up is bullish, but I am expecting a cycle dip into a dcl, so I am viewing it this way for now. There is a possibility that these markets just remain supported and head upward into a runaway type move. The dips are very muted.

SPX 8-22

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AUG 21 Weekend Report

August 22, 2016 /48 Comments/in /by

Looking forward...

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SPX - The squeeze on the Bollinger Bands usually leads to a strong directional move.

SPX 8-20 b

You can see that we are consolidating in a bit of a triangle / wedge and heading into the apex. A break out 1 way or the other should occur soon. A break out higher could lead to a runaway move ...

SPX 8-20 a

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The Force Awakens

August 19, 2016 /65 Comments/in /by

And as predicted, it is a force to be invested in  🙂

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WTIC - Many doubted that Oil could come back so quickly, some on CNBC were saying that it would not make it past $44.  With an ICL in place, there is no doubt that this chart shows us....The Force Awakened. 

wtic 8-18

We have been investing in Oil/Energy since I pointed out some nice set ups over 2 weeks ago. Some of these gains are already satisfying. Is this it? Will Oil only double top like I hear some saying? I will discuss the potential briefly here and in the weekend report.

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Just A Minute

August 17, 2016 /83 Comments/in /by

Fed Minutes are released today. We have seen a few sideways moves in various sectors, maybe this will be a catalyst for a directional move.

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SPX - If you re not long or short, don't jump the gun. After a long consolidation, the move can be prolonged, and I have actually been expecting a dip into a dcl. I dont think that the early Aug dip on day 25 was enough.

 

SPX 8-16

 

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The Eye Of The Beholder

August 16, 2016 /123 Comments/in /by

Not much has changed since the weekend report, and we are still seeing once semi-ugly charts becoming diamonds in the rough. Let's review...

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SPX -  I personally took a long trade after calling the ICL in June  ( And pointing out the 3 white soldiers very bullish pattern),  I didn't stay long  during the long sideways move started getting drawn out.  I still expect a dip soon into a dcl, though this break out does have an occasional pop higher out of the sideways consolidation.  I think you are looking at 1-2-3-4-5 completing for now.   It may become a buy the dip in the future.

SPX 5-15

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WEEKEND REPORT Aug 14- TORN

August 14, 2016 /46 Comments/in /by

The past few weeks of trading have been very good. Active traders have been able to find set up after set up, especially in Miners and now Energy. Some that Bought Miners in late May and Early June are still reaping rewards, and we have been looking at Energy trades for the past 2 weeks too. I am just a little torn about what I am seeing in some areas.  For example, The General Markets broke to new highs and consolidated, but the VIX is very low. Also I've mentioned the  lack of follow through in Golds Pop at the open for the last 3 days, etc.  Lets go through our weekend update and review our weeks activity.

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SPX - After a long sideways consolidation, we had a pop and basically more consolidation.

SPX 8-12

The Markets should have a strong move after such a long consolidation, but so far they are just continuing sideways and the VIX is at a point that usually ushers in a temporary top. Cycle-wise, we are due for a DCL soon,  so I'd expect that we get a drop soon.

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SPX WKLY - That drop could back test the break out or the 10ma.

SPX WKLY 8-12

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