Knee Jerk Reaction Or Chain Reaction?
The short term unknown …
Author Archive for: Alex - Chart Freak
Entries by Alex - Chart Freak
April 5 – Resistance
Wednesday when the Oil inventory report was released, Oil reacted to a resistance point. Later in the day, when the Fed Minutes were released, various markets also reacted to their resistance points. . NYA April 4th – I’ve been a bit cautious about the General Markets and pointed out the charts of the NYA & […]
April 5th – Still Waiting
NYA – The markets look set up to break out higher, but we need to see some signs of strength. You recall that I’ve been watching this…
4-3-2017 Keep It Simple
I need to keep this report SIMPLE. Best wishes to me on that one… ALL EYES ON GOLD & THE USD THIS MORNING- The 200sma is at $1262 and that has acted as resistance in the past few days (so far)
April-1-2017 Weekend Report
Uh Oh! – What does “Don’t Shoot The Messenger” have to do with our weekend report? Read on and you’ll see that what I am seeing lately is not what many were hoping for in the Miners. We will discuss the implications in the Precious Metals section of this report. This is a rather huge […]
Friday March 31
SPX – 3 days ago I was noticing how similar this pullback was to the one in December SPX – The follow through is good and the RSI looks promising. The one in December went sideways for a while, but this one is coming right off of the 50sma and would be more likely […]
Thursday March 30
SPX – I still have concerns with the weakness internally of the XLF, so I’m watching the General Markets closely. So far we have a swing low and a move that closed above the 10sma Wednesday. Anyone long should still be using a stop as we wait for an overhead trend-line to be broken. […]
Wednesday March 29th
Here we are midweek and we have lots of changes to discuss in our review, so let’s get right to it… . SPX – I was expecting 1 of 2 things, either a deep drop into an ICL, or a shallow drop that may eventually lead to a blow off parabolic type top later. So […]
Balancing Risks
With the recent volatility in the markets, we have seen the equity markets sell off, Banking and the XLF were hit hard, Oil & Energy stocks sold down, NATGAS bottomed , and The Miners and Metals have been volatile in their own way. In this environment, we had to try to find a few trades […]
3-24-17 Sleep And The Shiny Red Apple
There are times when different markets may look ripe for the taking, but we don’t want to fall asleep to the possible warning signs in some market sectors. Lets review the weeks activities… SPX #1 – The drop on the weekly chart isnt drastic, we’ve seen similar drop before. If it just continues up […]
