Entries by Alex - Chart Freak

Confirmation, Time, and Targets

August 13, 2015 /82 Comments/in /by

I have good news and bad, but the bad news isn't really all that bad either. The good news is that we have done a great job of pinpointing and navigating the lows of what appears to be an ICL ( a deep meaningful low) in the precious metals market. The bad news is that we now have to navigate the upside and as you will see, its a bit trickier than many may expect.  Lets quickly review the markets first.

SPX- This has been no picnic for investors either. The SPX is basically flat for the entire year. Strong sell off and reversal yesterday, but can it break to new highs? It needs to be monitored. A break below the July lows in the next few weeks would be very bearish in my opinion.

SPX 8-12

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GOLD WATCHES

August 12, 2015 /3 Comments/in /by

There is more than one type of Gold Watch.  The obvious one is the one that you carry around to tell you what time it is. The Gold Watch that we have been carrying around here at Chartfreak is the one where you closely watch Gold and gather clues about its next possible trade / […]

GOLD SILVER AND ENERGY STOCKS

August 12, 2015 /109 Comments/in /by

Gold, Silver, and Energy stocks have been bottoming and some have begun adding nice %-Gains already. I had warned that if we didn't take a position, it might get very hard to do so. Why?  We might see what is known as an Island Bottom. A Gap open higher that may not fill.  I used this chart yesterday to point that possibility out.

GDX 8-11 3

Lets review some charts of Gold, Silver, and Energy stocks for potential entries...

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A Step In The Right Direction

August 11, 2015 /61 Comments/in /by

I was very happy to see the steps that the Metals and OIL markets took as the day went on. We will discus those steps in detail further on in the report, but first lets take a look at one of the major players in todays movement. 

 

USD - many were saying how strong the DOLLAR was looking, but I was writing that it looked weak internally, since mid July. This should bode well for Commodities.

USD 8-7

Notice the next chart of the Dollar...

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DIFFERENT

August 10, 2015 /68 Comments/in /by

For quite some time I have been pointing out things to take note of that are a little different than many others saw things. I think others are starting to see what we were pointing out here months ago. I was mentioning  a bearish rising wedge pattern in the spring, and in June I looked at the SPX this way.

SPX WKLY 6-17 

JULY 24, the SPX had not broken out from that toppy looking curve.

SPX WKLY 7-24

Would the BULL MARKET break higher soon?

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Oversold Oil

August 6, 2015 in /by

The Dollar has been strong for a long time, and the markets have gone up with it.  Also Metals have dropped with the stronger dollar. This is the dollar.  Is it going to BREAK OUT?

USD 8-5

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Stretched

August 6, 2015 /92 Comments/in /by

When dealing with Cycles, there are times that they are getting s-t-r-e-t-c-h-e-d, and other times when the count has simply started over.  Right now in the Precious Metals markets we are facing that situation, so lets discus that further after we review some other areas of the markets.

 SPX - more sideways action. Yesterdays rally attempt sold off

 

 

SPX 8-5

Lets look at the NASDAQ...

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What Is The Golden Key

August 5, 2015 /49 Comments/in /by

Lets get right to the charts...

I mentioned yesterday that in addition to other things like the SOX, TRAN, and a few other things, AAPL showed signs of cracking. Please dont shoot the messenger, but it sold off further. Watch to see how this acts on the Bounce or recovery move higher. 

AAPL

AAPL

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