Entries by Alex - Chart Freak

Ready To Run?

October 27, 2015 /51 Comments/in /by

Not a whole lot has changed since my Weekend report. This is a week with a Fed Mtg on Wednesday, and I dont usually expect a lot of action until the deed is done.  My weekend report covered  a couple of different scenarios going into the Fed Mtg, so lets see how things played out on Monday.

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$USD -  2 left translated cycles and then a strong surge higher with news from the ECB & CHINA last week. We are pausing at resistance.  Is the USD waiting on the Fed?

USD 10-26

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That Was Different – Weekend Review

October 26, 2015 /60 Comments/in /by

The Dollar was ripping higher this week and we saw the Markets break out higher too. Oddly enough, Gold, Silver, and the Miners were staying green during that run higher too. That was different. Lets take a look at the weeks action and discuss what we are seeing.

SPX WKLY -  This was pretty impressive, I expected at least a pause at overhead resistance.  Notice the break above horizontal resistance / Magenta line  too  ( I will discuss that in a moment). 

SPX WKLY OCT 23

I had this chart in a report last week, to show that the SPX broke down from a long term channel and may struggle a bit ( Just a Back Test or break back inside?).  We are very close to breaking back inside.

SPX 10-22

So here is what I wanted to look at next...

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Was That Smoke & Mirrors?

October 23, 2015 /135 Comments/in /by

Did you see the Dollar rocket higher 1.38 and not  send Gold, Silver, and the Miners to their knees? Silver and Miners actually closed higher, so that was like a crazy illusion.  And then AMZN reported a profit and shot up $70 in after hrs, MCD, GOOG,  and MSFT are up big in after hrs after the markets already broke out higher today. Lets check out the action...

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SPX -  The SPX , DJIA, and NASDAQ broke out today, but the BIIB, IWM & IWC  lagged seriously. 

SPX 10-22 2

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Slight Variations

October 22, 2015 /76 Comments/in /by

Did you read my Tuesday report and the Wednesday report? Not much has changed in the way of expectations really.  We could say that we are  just seeing a slight variation of the same theme.

Wednesday morning I pointed out the resistance above at the close on Tuesday for the   NASDAQ, SPX, IWM, etc.   Even though the Futures were Green, I thought that we would drop later in the day.

NASDAQ Tuesday OCT 20

NASDAQ 10-20

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The Coin Toss

October 21, 2015 /37 Comments/in /by

Many sectors of the market look ready to break one way or the other. Can we gain an edge as to which way they will go, or is it just a coin toss? Lets take a closer look.

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This was the NASDAQ at the close on Monday. It was pushing against resistance in various forms.

NASDAQ 10-19

Notice what seems to have showed up by the close today...

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Mixed Reviews

October 20, 2015 /82 Comments/in /by

Mondays show opened up to mixed reviews.

SPX -  SO far we have seen a nice move up from the double bottom lows, but there is some resistance slightly overhead.

SPX 10-19

So here is where the reviews get a bit mixed...

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Whats Up?

October 16, 2015 /21 Comments/in /by

I'll tell you whats up. The SPX , DJIA, NASDAQ, IBB, IWM, SOX, USD, OIL, OIH, XLE, SILVER,  all closed higher and GOLD & GDX were for  up for most of the day too.  Yes, it was Green just about everywhere except for NATGAS.  Lets discuss the points of interest.

This is basically what the SPX, NASDAQ, DJIA, IWM, etc.  all looked like.

NAZ 10-15

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Running

October 15, 2015 /81 Comments/in /by

Some of the 'set ups' mentioned last week are running now, other stocks that ran recently have pulled back and may be currently setting up to make another run higher.  Lets discuss this after our market review. Something interesting may be happening there too.

From yesterdays report, we saw this in a few sectors

IWM 10-13

Now we are getting a little follow through to the downside

IWM 10-14

This caught my eye however...

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