Entries by Alex - Chart Freak

4-6-2016 FED Again

April 6, 2016 /74 Comments/in /by

By the end of the day,  we'll all be well Fed.  The Fed minutes are released today. Will the markets react?  We shall soon see.

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SPX -  April 1 - Expecting a pull back

SPX 4-1

SPX  April 5-  We are getting a pull back and finally breaking below the 13 sma that I have been watching.  

SPX 4-5

Even that MACD that was holding tight is breaking down,  lets see what the Fed can do.

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Stretching It Out

April 5, 2016 /83 Comments/in /by

The various sectors of the markets continue to chug along and stretch out, ahead of the FED this week. The Fed Minutes are released Wednesday.  Obviously since the weekend report was posted,  not a whole lot has happened, but lets review our expectations anyway.

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SPX- An idea from the weekend report.  A pullback similar to the OCT -Nov run higher.

SPX 4-1

I captured this chart of the SPX Midday today. Notice...

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APRIL 2016 – REVIEWING THAT BIG PICTURE

April 4, 2016 /67 Comments/in /by

Here at Chartfreak,  we have always discussed the day to day market movements,  trade set ups, and the bigger picture where things seem to be heading as time goes by.  So in this weekend report, lets discuss the various sectors of the markets again, short term and the Big Picture scenarios. 

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SPX QUARTERLY - If you were subscribing back in January, you may recall this chart.  I was pointing out the break below certain critical areas at prior tops never recovered, and I said we would watch these Quarterly, Monthly and Weekly.

SPX QUARTERLY

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April 1 – Jobs

April 1, 2016 /19 Comments/in /by

The Jobs report was released and I dont really see anything that I didn't expect at this point. Since it is the last trading day of the week, I'm just here to do a quick review.

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SPX -  This was the chart in the Thursday report. I expected a pullback with that toppy candle Wednesday. It may not be a huge pullback, I do expect another run higher in the next daily cycle.

SPX 3-30

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Wednesday March 30 report

March 31, 2016 /53 Comments/in /by

The various sectors of the markets have been a bit tricky to identify strength-wise in the short term. I'll show you what I mean...

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SPX - With this set up,  I wondered if we saw an   Early dcl.  We had the trend line break and a move below the 10sma. If THAT shallow pull back is all we got, this little rally could become quite the threat moving higher.

SPX 3-29

But...

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She Said What?

March 30, 2016 /70 Comments/in /by

I heard that Janet Yellen had lunch on Tuesday and spoke quite a bit about...never mind, lets just say that she spoke quite a bit.

Some things that I heard seemed to contradict other things that she said, but we see from the moves mid day onward,  the markets received it positively.  There are some very interesting developments...

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Going Forward

March 28, 2016 /71 Comments/in /by

Lets discuss what I think we are going to see going forward from here.  Just like we have seen in the past, it will NOT be a straight move in one direction, I expect volatility along the way.  The above picture helps us to see what to expect 🙂

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SPX-  After a nice multi week rally,  I have been saying that we are due for a pull back. I do not think that the 3 day pull back that we got is all that we will get, even though that was a reversal candle on Thursday. We are at resistance for 1 thing, and ...

SPX open page

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March 24 – Corrections

March 24, 2016 /84 Comments/in /by

The markets have a way of maintaining themselves, and that is through corrections. I believe we have started a few 'corrections' now. Any pain from these corrections should be short lived this week, since the markets are actually closed Friday in the U.S.   Today is the last trading day of the week. Lets take a look at the markets.

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SPX - I have been pointing out this rising bear wedge for a while, expecting a correction. I believe that it has started.

SPX 3-23

The Dow looks the same

DJIA 3-23

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3 D

March 23, 2016 /41 Comments/in /by

If you've heard of 3D Printers, raise your hand.  Not a whole lot changed in the markets Tuesday,  so after a quick review, this is one area that we'll discuss today...

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SPX - No Change in my outlook from the past few reports. I expect that this daily cycle is topping.

SPX 3-22

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