Entries by Alex - Chart Freak

November 10

November 11, 2016 /350 Comments/in /by

It has been a crazy week, that's for sure. Odd differences are appearing in the markets this week. Let's get right into the report and you'll see what I mean.

.

You probably heard about the Markets ripping out to new record highs if you were watching CNBC, and they were. This was the DJIA. The BKX ( banks) broke to new highs, the TRAN, RUT,IWM, SPX, and so on were rallying higher. This certainly looks like the start  of a bullish break out.

dow-jones-11-10

 

And then there was the NASDAQ.  Hmmm, that was quite the reversal lower on Thursday.The Nasdaq closed down 42.

nasdaq-11-10

Lets look at a couple of our strong Tech companies.  Hmmm? Apple?

aapl-11-10

Look at GOOGLES  RSI & MACD.

goog-11-10

Read More

Nov 9th – Storm Winds In The Future(s)

November 9, 2016 /144 Comments/in /by

Sometimes when we are looking out over the horizon, we see what looks like a storm rolling in.  Basically there is nothing that you can do, except to be prepared. It is normal to wonder, "Will the winds of change do a lot of damage?"  "Will they just be a moment of unsettled turbulence with minimal damage?"  "Will we have to pick up an abundance of scattered debris, or will this just pass by?"

We have been taking positions in the Precious Metals markets, so this storm may be just like riding the rapids for most of us,  if things do not change by the morning. The General Markets, on the other hand,  are taking a good hit tonight for those trading in that area. We just have to watch how things settle after the storm surge passes.  Let me show you why...

Read More

Where Are We Now?

November 8, 2016 /112 Comments/in /by

So far things are playing out in ways that we anticipated. This should make the trades easier to enter. Lets review the Monday action in the markets.

.

SPX OCT 31 - Using cycle analyses, I have been expecting the SPX to drop into a trade-able low. The circled area was the expected target, a higher low and not an outright crash. 

spx-10-31

SPX - Nov 4th, This is a gravestone doji and quite often acts as a reversal candle after a sell off. Timing was correct and we were within that circled area.  We would look for a reversal.

spx-11-4

SPX Nov 7th -  Monday definitely saw a strong move out of the lows by all indexes.  The SPX broke above the 10sma and in the past, day 1 was not the end of it. I expect follow through and then a possible back test of the 10sma. We saw this in Februarys ICL and Junes ICL. 

spx-11-7

Read More

WEEKEND REPORT – CONFIDENCE

November 6, 2016 /145 Comments/in /by

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!

.

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

spx-10-31

 

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."

spx-11-4

Read More

What’s Next?

November 3, 2016 /109 Comments/in /by

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)...

Read More

Nov 2 – Fed Wednesday Again

November 2, 2016 /213 Comments/in /by

  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. 

.

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

spx-10-31

 

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.

spx-11-1

.

Read More

Oct 31 – A Closer Look

November 1, 2016 /156 Comments/in /by

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...

.

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.

spx-10-31

Read More

Weekend Report – Visibility

October 30, 2016 /51 Comments/in /by

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. 

.

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-29

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.

spx-10-29

Lets look at the weekly chart

Read More