Thursday July 13
The climb is hardly ever straight up. . SPX – We were anticipating a trend line break and a close above the 10 sma to help confirm a dcl. We got it. The last time that this happened, the gap filled one month later.
Author Archive for: Alex - Chart Freak
Entries by Alex - Chart Freak
Wed July 12 – Target Practice
I’ve been posting a variety of trade set ups in the past few reports, and we are seeing some nice follow through. Let’s take a quick look at a few Market Sectors and then discuss more trade set ups, and current trades in the works. NASDAQ – The NASDAQ closed above the 50sma and […]
WHAT AM I SEEING HERE? THAT’S ODD.
This is a long report. I wanted to discuss Gold & them Miners in detail in this report. I have mentioned that I am seeing various interesting things in that sector over the past few weeks, so let’s just briefly review the general markets and go right into Precious Metals. SPX – The actual […]
June 9 Weekend Report
SPX – From Fridays report, this shows that the SPX could be forming a megaphone pattern as it sat around the 50sma. SPX – Friday the SPX moved higher off of the 50sma, but has a new daily cycle started 6 days ago? This is what I would look for going forward…
Friday And The Weekend
It is Friday, the last trading day of the week. Jobs numbers will be released, along with the Natgas Inventory numbers. I like to remind ‘traders’ and ‘investors’ that today is the last day to be positioned heading into the weekend. I am holding several trades through the weekend, but I have been over 50% […]
Thursday June 6 – Are We There Yet?
NASDAQ – We did see a small reversal , but we are still under the 50sma. I just don’t think that we are there yet, so I expect further downside.
July 5th – Gradual Change
With only 1/2 day trading on Monday, did anything really significantly change for todays report? Nothing has changed from my expectations, but we did see some decent moves, and they are worth discussing, so lets begin… DJIA – This was in the weekend report. An eventual drop to the 50sma or more. The NASDAQ […]
Holiday Trading For July 3
With only 1/2 day of trading on Monday in the U.S., wedged between a weekend and a holiday Tuesday where the markets are closed, I think that we can expect light volume trading on that Monday. Many people may have just checked out and gone away from Friday through Tuesday, so let’s just discuss where […]
Friday June 30 – More Stock Picks
I wanted to add some more stock picks to the list that we already have out there, and there is also something else that we should keep in mind…
