Entries by Alex - Chart Freak

March 3- Behind The Beauty Cracks Appear

March 6, 2017 /157 Comments/in /by

This week we saw the Markets continue to fly higher and even Gold and Silver were making new highs. What happened to the Miners? Behind all that beauty, cracks appeared, and that is going to be the focus of the weekend report. I have a LOT to discuss, so lets get right into it.

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SPX - We are very due for a dip into a dcl, but this is strong. Look for a break of the 10sma, please read the chart, I do not think that a dip will mark the top.

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March 3 – A Sour Note

March 3, 2017 /192 Comments/in /by

I want to share just a few thoughts about the Precious Metals markets today. I've actually been doing  some extra research all week long, because as I've been saying in each report this week, things are a bit out of sync.  Some of the things that we are seeing are different from the normal activity that I usually see. Let's dig it...

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March 2 Intra-day Changes

March 2, 2017 /218 Comments/in /by

We had a 1 day slam down in GDX & GDXJ on Monday, followed by a small, rather insignificant day on Tuesday.  Wednesday actually saw a sell off and an intra-day change to a strong reversal.  Now the question on many peoples mind is...

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Did we just have a 1 day slam down, reversal , and now we go higher like we saw in 2003? Or will there be further selling?

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March 1st – Digging Deeper

March 1, 2017 /243 Comments/in /by

After seeing the disconnect in Gold, Silver, and The Miners , I started digging in to see what I could find.  It seems that the more that I dig, the more that I am finding. We'll discuss my findings after we review the other market sectors.

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SPX -  We are due to drop into a dcl soon.  The last one was very mild inside of a consolidation period and now we have a right translated daily cycle here, so I expect that we will see another higher high after our dcl.

 

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WEEKEND REPORT – Solving Puzzles

February 26, 2017 /197 Comments/in /by

Welcome to the weekend report after a semi puzzling week.  We saw higher Gold & Silver prices, and lack luster GDX GDXJ performance.  Let's get right into the weekend report...

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SPX - I have a target for this move, but on Feb 22 I thought we could get a multi-day pullback to the 10sma before moving higher. This would be similar to what we saw in December.

SPX - We have had a 4 day sideways move to the 10sma, stronger than that dec drop,  and another reversal higher Friday.  Will we reach 2427 on this run? At this point in our timing, I would expect a dcl before getting that high, and then a continuation higher. The markets have been strong in this area of new highs ( no resistance) so time will tell. As recommended, a trailing stop would have worked very well.

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STICK THAT LANDING

February 24, 2017 /177 Comments/in /by

If you want to look good while you're performing tricks on the slopes, you definitely need to stick that landing.  Let's see if we had that in Thursdays trading...

 

GOLD - We were looking for a higher high to give us a peak that could make this a right translated daily cycle.  Gold stuck the landing with this break out, and the volume was encouraging.

If Gold continues to stick the landing, it should make it to this target area.

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Feb 22 Review

February 22, 2017 /181 Comments/in /by

We've only seen one day of trading after a 3 day weekend in the U.S., so this report will just be a brief review of the markets and a few of the trade ideas discussed recently.

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SPX - Nothing has changed here, we are seeing a strong move into new highs with no real resistance, I have targeted 2400 since the break out. It is getting quite over bougt and over heated.

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More Low Lying Fruit?

February 21, 2017 /117 Comments/in /by

 I wanted to put out a bonus report on Tuesday morning. Realistically we probably have enough on our plate, so if you are happy with your current positions, please just view this as a possible heads up for possible future trade set ups or a watch list going forward.  In the past few months we have been trading Energy, industrial Metals like CLF, VALE, WRN, NAK, X, etc. We have been trading in the Precious metals sector ( I also encouraged readers to buy & just hold on to some positions from the December lows forward ).

 You may also recall my special report in December on another sector that turned very bullish. We will discuss that a bit further here today, as well as what could be some more low lying fruit in another sector that may be sending out some bullish shoots.  These are just extra trade ideas for the active traders. Let's take a look...

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