Entries by Alex - Chart Freak

IT IS NOT EASY

April 13, 2016 /108 Comments/in /by

It is NOT easy when you have a stock up 10%, and the other 4 or 5 are up 20% 34% and so on , but we'll just have to deal with it  🙂 .  Yes, I'm kidding, but seriously that is the way it has been lately.  Dont get used to it, it can be short lived reward for the patience that we have put in. Lets discuss selling and rocket ships after a quick review.

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SPX  April 4th chart - I pointed out this bearish rising wedge and called for the markets to stop rising as a result. I said that I then would expect another run higher.

SPX 4-4

SPX - Those wedges can cause a drop or a sideways move that can correct the wedge, and so far we now have a channel . That wedge has fixed itself.

SPX 3-12

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Charting The Course

April 12, 2016 /179 Comments/in /by

Using the April 8th  (Fridays Chart), we see the markets consolidating sideways. This usually prepares it for a directional move , up or down. In this case, it can also take that bearish wedge and allow it to become a channel.

SPX 4-9

The Markets continued that sideways move on Monday...

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What’s The Big Idea?

April 11, 2016 /14 Comments/in /by

My weekend report had over40 charts, some for educational purposes and others to point out a few trade set ups.   We have been focused on specific sectors and I wanted to focus on what I think could be important at this moment. I'd like to share a small portion of that with you here.

 

IBB - One area that I've been  stalking lately is the the Biotech sector.   It has been  bottoming for over a month and broke out recently.  Lets review what we've been watching.

IBB March 21= double bottom base

IBB 3-21

Nice break out  (But notice the resistance on the left.  Were there buyers there hoping to sell at break even?).

IBB 4-6

IBB WKLY -  Apparently so, sellers may be present, but I expect this to go higher when they are out of the way.   Thats a nice base.  Support is now near $270-$275,  The saying is  "Buy the dips , sell the rips". 

IBB 4-8

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SO I HAVE BEEN DISCUSSING BIOTECH IN MY REPORTS

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Pieces Of The Puzzle For growth

April 11, 2016 /139 Comments/in /by

The environment for trading in 2016 has been excellent for traders and investors that knew where to look. If you have been a subscriber since January, then you have seen so many trade ideas blossom and grow. We have been finding various sectors that had bullish set ups that many were actually afraid to trade in.  Coming out of their lows, the potential has been tremendous if you know what to look for.

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For example, just look at this one stock.

MUX -  Whether you traded it, or bought and held when it was recommended, it is up over 100% from its lows.

 

MUX 3-31 wkly

Lets look at a number of current trade set ups with conditions that favor the upside...

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Starting Gun

April 10, 2016 /26 Comments/in /by

This weekend report will be slightly different from past weekend reports.   I usually like to cover "Everything" in my weekend reports. I want this report to focus more on what I think could be important at this moment, and less on everything else. We will discuss the meaning of the Starting Gun too, but if you've been here for a while, I would imagine that you know exactly what I am talking about.

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SPX - Less important right now to my current trading. See Fridays report for thoughts on the SPX.

SPX 4-9

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April 7, 2016 – Signs Of Strength

April 7, 2016 /113 Comments/in /by

Signs of strength are popping up everywhere...

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April 4th - I've been expecting a dip down to a dcl.

SPX 4-4

We had the Fed Minutes released today and the SPX ( or markets in general ) is NOT breaking down. These markets are not breaking down at the 13 sma, and they look like they still want higher prices. Is this just going to go sideways as a consolidation?

 

SPX 4-6

Consider this too...

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PUBLIC POST – REVIEWING THE BIG PICTURE

April 6, 2016 in /by

Here at Chartfreak, we discuss the  day to day market movements and trade set ups, but we also review the bigger picture at times too.  So in this weekends premium report, that's what we did.  I'm going to release about 75% of my weekend report here, to give you some of my bigger picture views.  Please remember that since this was the weekend report, many of these charts are from last Friday.   Enjoy.

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SPX QUARTERLY - In 2015, I pointed out bearish signs that I was seeing in the markets and expected a drop.   Then I showed subscribers this chart  back in January.  I was pointing out the break below certain critical areas where bear markets began at prior tops. I said we would watch these on a Quarterly, Monthly and Weekly basis, to see if we have put in another top.

SPX QUARTERLY

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4-6-2016 FED Again

April 6, 2016 /74 Comments/in /by

By the end of the day,  we'll all be well Fed.  The Fed minutes are released today. Will the markets react?  We shall soon see.

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SPX -  April 1 - Expecting a pull back

SPX 4-1

SPX  April 5-  We are getting a pull back and finally breaking below the 13 sma that I have been watching.  

SPX 4-5

Even that MACD that was holding tight is breaking down,  lets see what the Fed can do.

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Stretching It Out

April 5, 2016 /83 Comments/in /by

The various sectors of the markets continue to chug along and stretch out, ahead of the FED this week. The Fed Minutes are released Wednesday.  Obviously since the weekend report was posted,  not a whole lot has happened, but lets review our expectations anyway.

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SPX- An idea from the weekend report.  A pullback similar to the OCT -Nov run higher.

SPX 4-1

I captured this chart of the SPX Midday today. Notice...

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