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

WEEKEND REPORT – CONFIDENCE

November 6, 2016 /145 Comments/in Premium /by Alex - Chart Freak

Welcome to the weekend report. It is another long report with roughly 30 charts, to build up your confidence. So grab your coffee and lets get right to the charts!

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SPX - I have been expecting this dip and my target area shown here has been met. Do we see signs of a bottom?

SPX - Yes, this is a gravestone doji sitting on the 200sma. This could be the dcl, because the ' cycle-timing' is right. We wait for a swing low and confirmation before entering, since it can drop below the 200sma as a shake out. Look at the selling here, 9 straight days of red high volume. THAT will change sentiment from Bullish to " I dont want to be long". We may get post election rally no matter who wins, and everyone will then say , " SO & SO won, and that was good news to the markets."

Shopping For What?

November 4, 2016 /120 Comments/in Premium /by Alex - Chart Freak

Fridays idea...

What’s Next?

November 3, 2016 /109 Comments/in Premium /by Alex - Chart Freak

We go into a Fed Day knowing that there will be volatility. It doesn't matter what my expectations are longterm, the short term volatility can be difficult for many. That's why I wrote this on Wednesday morning before the Fed release when asked about Gold ( and miners)...

Nov 2 – Fed Wednesday Again

November 2, 2016 /213 Comments/in Premium /by Alex - Chart Freak

There is not going to be much new to discuss here until after the Fed on Thursday. We are in the middle or late in various daily cycles, but we can review how things are playing out so far.

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SPX Tuesdays report - I was pointing out that I an expecting a drop

SPX - We got the market drop, but then it reversed going into the close, so we have a reversal candle. With a Fed day Wednesday I wouldn't put my trust in it yet. I did expect a deeper drop.

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Oct 31 – A Closer Look

November 1, 2016 /156 Comments/in Premium /by Alex - Chart Freak

We had a huge weekend report, and so what possibly could be said only 1 day later? Well, I have 14 charts in this report to help us to take a closer look at things, because this is a Fed Week. To the charts...

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SPX - I want to say that there is no change from my expectations over the past several weeks. We didn't go long or short, because these sideways markets can just waste time and chop up funds. We are due for a dcl ( possible ICL) , so I do expect a bit more of a drop to a new low, not a move higher yet. We have Fed Wednesday ahead.

Weekend Report – Visibility

October 30, 2016 /51 Comments/in Premium /by Alex - Chart Freak

Another week that started off a little unclear in some areas, but I think we're starting to see some clarity now. Lets review the current condition of the markets and then focus on Precious Metals sector.

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I have been pointing out the potential resistance in the General markets. With the exception of the Nasdaq , which has done a little better, Markets have been rather stagnant. Lets look at the progress over the Month of October.

SPX -This was SEPTEMBER 30th, and the choppiness was making it unpredictable and untradeable.

SPX NOW - 1 Month later and it is a tad lower with a big rounding top. On Oct 13th it broke to a new low and I warned that it now looked like it would NOT go upside until it first breaks to new lows again ( Failed daily cycle). 2077 is currently the 200sma and a possible support.

Lets look at the weekly chart

Friday October 28

October 28, 2016 /194 Comments/in Premium /by Alex - Chart Freak

Well, you know the story. I don't usually plan on doing a Friday report. Thursdays report can usually cover what could happen on both Thursday and Friday. We are specifically focused on Gold & Miners , so we should discuss that area a bit before the weekend. Let's start with the $USD.

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USD Oct 26 - Would the dollar drop into its Daily Cycle Low, or would the 10sma act as suppport? It is overdue to dip down.

USD Oct 27 - It DID use the 10sma as support so far. This Daily cycle rise is longer than normal.

Oct 26 – Lines In The Sand

October 27, 2016 /158 Comments/in Premium /by Alex - Chart Freak

At this point in time, we should discuss lines in the sand for protective purposes. First, a quick market review.

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SPX - No Change at this point. I see a failed daily cycle and weakness so far.

Lets take a look at the USD ...

So That’s How The Internet Works

October 26, 2016 /138 Comments/in Premium /by Alex - Chart Freak

This report is all about How the internet works, and Gold, Silver and Miners.

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This is how the internet works...

GDX - This was from my weekend report, and I showed how the 10sma could be tagged by GDX and the drop would back test the trend line. Totally normal, so we were ready.

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GDX MONDAY - When it actually happened, this was exactly what we knew should happen. Well, the internet lit up with Bearish chatter. I was hearing that Gold was about to get crushed, Miners were 'crashing' , and the USD was rallying! T-H-A-T is how the internet works now, fear breeds fear. Is this soooooo bad?

Well lets discuss Tuesday and see ...

Mixed Monday

October 25, 2016 /149 Comments/in Premium /by Alex - Chart Freak

So far I think that the action in the markets today basically matched my weekend report, but they were received with mixed fanfare. Lets take a look and review expectations.

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I was looking at SPX like this, trapped under the 50sma and 10sma.

Today the Markets gapped open higher and the NASDAQ was up near the 2016 highs. Lets take a look.