Entries by Alex - Chart Freak

Weekend Post- Progress Report

January 29, 2017 /38 Comments/in /by

This is our weekend wrap up, and I really like what I am seeing. This is a long report with a good amount of discussion and about 30 charts, enjoy.

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SPX - The General Markets broke out as expected, but we have yet to see follow through.

Let me show you something interesting ...

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Still On Target

January 27, 2017 /163 Comments/in /by

It's Friday, the last trading day of the week, and things are continuing to move ahead, right on target. Let's take a look...

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When I pointed out the USD on Wednesday, we were looking at a new low on day 32, with a peak on day 16.

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Wednesday Jan 25th

January 25, 2017 /174 Comments/in /by

Some of our trades are running and others have paused.  We'll discuss this as we go through our market review.

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SPX - This looks like an inverse H&S and looks to be breaking out higher. The SPX and Nasdaq did hit new highs.

Let's look at the Dow Jones ( Dow 20,000?)...

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JAN 20 – The SET UPS

January 22, 2017 /119 Comments/in /by

The weekend report discusses the current set ups in various sectors, with a bit more focus on the precious metals sector.

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SPX WKLY -  I'm not saying that the General markets cannot go higher, this riding along the upper wedge can continue, but this wedge does tell me that I should expect a pull back sooner or later.  We'll continue to monitor that as it plays out.

Remember that I mentioned this last week too...

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Friday Jan 20th- Think About This

January 20, 2017 /95 Comments/in /by

I wanted to start the Friday report by looking at the HUI in the year 2000, as it began to rise out of the bear market lows.  We will also discuss a few other things pertaining to the Mining sector, including GDX and its current run higher.

 

HUI 2000 - This run higher was so smooth and predictable. Notice how it found support and resistance repeatedly around the 50 & 200sma. This was a very smooth run.

Now I want to direct your attention to Gold at that time...

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Jan 18 – The Road To Greater Heights

January 18, 2017 /117 Comments/in /by

We'll discuss the theme after a quick review

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There was no real change in the General Markets from the weekend report, however the USD did move as expected. In the weekend report I mentioned that I see weakness in the USD chart. It broke below the 50sma Monday. We can get a bounce in time, but I expect the USD to continue to roll over, as noted in the weekend report.

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