Friday May 5th
Lets get right to the report…
Author Archive for: Alex - Chart Freak
Entries by Alex - Chart Freak
Fed Follow Up Report
Honestly, there was little permanent reaction when the Fed decision was made known, but we can’t say that a lot changed. Expectations remain the same, so lets review these markets…. SPX – This was in yesterdays report, please read the chart. Also the signs of improvement in the XLF continued. DJIA – I […]
May 5th – Fed Changes
As the Fed Decision approaches, it is expected to be a non-event when it comes to an interest rate hike. It does appear that some sectors are lined up for some changes, however. Let’s discuss why.
Tuesday May 2nd
I wasn’t really expecting a whole lot of change in the various markets sectors on Monday, Tuesday, and even Wednesday morning, but we do have the FOMC Decision at 2 p.m. Wednesday afternoon, and that may cause some ‘changes’. Let’s discuss the precious metals markets. GOLD – We’ve been waiting for and expecting this […]
“Where Have You Been?”
I received a couple of emails recently from the public readers ( one was an old friend, Thanks Bob C. !) , either asking where have I been when it comes to my public posts, or asking me to review what I have been seeing lately. I’ve been very busy this spring with the premium […]
April 29th – Sounds Like A Plan
Another week has come and gone and the markets have moved closer to the FOMC meeting and other events that can affect the markets. Let’s discuss the latest market action and what the plan is going forward. SPX – This looks like Day24 for this daily cycle and it has a Day 21 peak. […]
Friday April 28th
Good question, Danny! That is what we will be discussing in the weekend report. WTIC – Yesterday Oil broke the 200sma and recovered it , putting in a reversal candle. I have a few thoughts about this…
Thursday April 27
Last week I mentioned that the sideways choppy market action and sell offs that we were experiencing would eventually lead to bullish trade set ups. At this time, it seems that we are starting to see some of those good looking trade set ups. Along with the set ups we are also seeing some follow […]
April 28th – A Matter Of Time
Next Wednesday we have the FOMC meeting. These have affected various sectors of the market in the recent past, so it may just be a matter of time before we see a change take place. SPX – Consolidations build up steam and can make for a lasting run. These markets could run higher into […]
April 25th – Give Me A Break
After the 1st round of the French Elections Sunday, we saw price break through many of the trend lines that we were watching. SPX – This chart was from the weekend report showing that trend line resistance for the SPX. And we had a break out on Monday, even if I use the […]
