Author Archive for: Alex - Chart Freak
About Alex - Chart Freak
I’ve been a full time trader for well over a decade and began trading in the late 1990s while working in management and sales at a well-known aerospace company. As my style evolved, so did my success, and it allowed me to leave corporate America to pursue my passion and trade full time.
Entries by Alex - Chart Freak
Are You Ready?
August 25, 2015 /9 Comments/in Public /by Alex - Chart FreakAre you ready to make a leap of faith? A buying opportunity is fast approaching in MINERS, whether it looks like they are crashing down or not. Let me show you what I am seeing. In July I showed that I expected a drop in the USD to the lower support line. […]
TRAPPED
August 25, 2015 /81 Comments/in Premium /by Alex - Chart FreakWe were not long the markets over the weekend, but if you woke up Monday and you were? The above picture is a perfect example of what that probably felt like. Dow futures were down hundreds of points and there was no escaping the bear claws. We expected a drop, but I was very surprised at just how fast and deep things unraveled.
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There will be a bounce, notice on the left side of this chart that even in Bear market sell offs, there are bear market rallies. Pretty big ones. We want to watch how that unfolds, as mentioned in the weekend report.
How’s It Going?
August 24, 2015 /106 Comments/in Premium /by Alex - Chart FreakFor months I have been pointing out this Rising Bearish Wedge and then a possible topping process ? Just a few of those charts posted are below. March, June and then AUG 17, 2015
We cant say that this topping process was exactly a surprise...
One Little Victory
August 20, 2015 /204 Comments/in Premium /by Alex - Chart FreakAnother little victory for the precious Metals Sector. I like to enjoy them while I can, since I know how fast these markets can change. We actually saw Gold move higher after the release of the fed minutes yesterday, and that was a small victory. A short term top may be close, so we'll discuss what that may mean.
First , lets review these volatile markets.
SPX- The markets may finally be rolling over.
We've been discussing this for weeks and I have mentioned that topping is a process, but notice these additional signs.
Beat The Clock
August 19, 2015 /82 Comments/in Premium /by Alex - Chart FreakToday at 2 P.M. Eastern time, we get the release of the Fed Minutes. Today could amount to a lot of "Hurry up and do nothing!" until then. Lets review and see where the markets currently stand.
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SPX- yesterday I showed this break out, it looked bullish short term, but I noted that it looked weak internally
SPX - Price dropped back inside yesterday
How did the other markets fair?
QUICK POST
August 18, 2015 /54 Comments/in Premium /by Alex - Chart FreakWanted to mention before the close...
Turning Points
August 18, 2015 /94 Comments/in Premium /by Alex - Chart FreakI've been seeing differences between my long term view and my short term view for the markets. This could be indicating that we are seeing turning points. Lets discuss why that could be.
SPX - I've been seeing this longer term. It looks like the markets are acting rather toppy. Monthly charts are now showing weakness quite clearly as well.
Now looking at things from an even longer term view...
The Big Picture
August 17, 2015 /92 Comments/in Premium /by Alex - Chart FreakLets review last weeks market action by stepping back and looking at the bigger picture.
SPX - This long consolidation has left price right where it was in Jan. The MACD is dropping steadily on the weekly. This is a reversal candle so we may see a bounce this week.
Shaken, Not Stirred
August 14, 2015 /4 Comments/in Public /by Alex - Chart FreakAfter a solid 5 day rally, gold sold off on Thursday, and the precious metals miners were sold-off indescriminetly. Both GDX and GDXJ were down almost 6%, leading many to be shaken out of position on the pullback. For me, these events are expected and become opportunities, so lets examine the charts to see why.
$GOLD - a pullback to the 10 & 20 sma as support is normal.
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