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

Partly Clear And Partly Cloudy

March 15, 2016 /95 Comments/in Premium /by Alex - Chart Freak

The short term trade set ups seem pretty clear, but with that Fed Wednesday Meeting rapidly approaching, the end of the week could host a number of reactions. Lets see how things are currently unfolding .

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SPX - This bearish wedge was forming last week (March 9 chart).

The SPX did drop quickly and recovered last week, as seen here. Is this still a wedge though?

The Fed Mtg is approaching and could affect the outcome.

There It Is Again

March 13, 2016 /78 Comments/in Premium /by Alex - Chart Freak

Well, after several weeks of good trading , it appears again. Yes, I'm taking about that Elephant in the room - only this time things He's levitating as we head into the Fed Mtg this Wednesday. Lets take a look at our markets, keeping in mind that we do have a Fed Meeting this week.

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SPX - I see a rising wedge and on day 20, we could drop to a 1/2 cycle low. So we could drop heading into the Fed Wednesday or possibly see a drop after?

I mentioned something important last week and I want to remind friends of that here...

Just Follow the Pullbacks

March 11, 2016 /100 Comments/in Premium /by Alex - Chart Freak

Quick update on the Pullbacks...

SPX - Remember that Wedge from March 9 below? I still expected it to run to the 200sma , and then a drop to the 50sma in a 1/2 cycle low.

SPX - The 2 spike down days could be changing the way that lower trend line looks. The SPX has the run up /sideways/ run up/ sideways look. It is in a congested resistance area, this as it heads into next weeks fed mtg. That is where it bears watching ( For strength or weakness).

Watching The Pullbacks

March 10, 2016 /80 Comments/in Premium /by Alex - Chart Freak

Have you ever noticed that when we are waiting to see if a pull back presents a buying opportunity, it feels like price just drips down in slow motion day after day , no matter how sweet it looks? I'm feeling that now 🙂 Lets review the markets and then check out a few areas of interest.

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SPX - No change from the last few reports

Can We Buy The Dips?

March 9, 2016 /91 Comments/in Premium /by Alex - Chart Freak

Yesterdays report mentioning Anti-Gravity stocks was just the right thing to start the corrections 🙂 In Energy stocks I think we were getting a bit spoiled with 70 & 80 % gains in a single trade, but not so spoiled with giving back 20 - 25% today in BAS, LGCY, ARP, etc. Commodities are pulling back and Miners may start joining them. Will we be buying this dip? Lets take a look.

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SPX - My chart from yesterday. I had called for a rally , but now calling for caution.

SPX - And we did start a little selling Tuesday. We can go higher since we are still inside of that wedge, but eventually I expect a drop to at least the 50sma.

Anti Gravity

March 8, 2016 /98 Comments/in Premium /by Alex - Chart Freak

The stocks that we have been trading / investing in have been defying gravity for weeks. The fact that we are catching them right at the lows gives us time to enjoy the ride and nit worry about a short term pullback. So far, a short term pullback is rather hard to come by. Lets review the markets and look for more set ups.

SPX - It may be early in the investor cycle, but this doesnt look ready to power higher to me. I expect the markets to fail at resistance, at least short term.

It’s In The Charts

March 7, 2016 /14 Comments/in Public /by Alex - Chart Freak

Well, the past several weeks have been excellent for trading Metals, Miners, and Energy, and whether you follow me in the Public area or the premium side, I hope you've had a chance to make some solid gains. I've already discussed in past public posts about chart set ups in Miners and Commodities like X, AKS, FCX, CLF, etc, so Lets take a look at the recent crazy but very lucrative trading set ups in Energy.

OIL & ENERGY - Why?

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WTIC - As I pointed out in a public report weeks ago, I was looking for a possible bottom in Oil around $26.09 from this Nov Wkly chart.

WTIC WKLY - I believe Oil bottomed in a shake out type manner. Is it just a bounce? This chart looks quite Bullish.

Anything Else?

March 6, 2016 /114 Comments/in Premium /by Alex - Chart Freak

Well, the past several weeks have been excellent for trading , and we have seriously had reasons to celebrate, catching the lows in various sectors. All good things come to an end, so is it that time yet? Can we keep the celebration going? lets review!

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SPX ( or SPY) - A few weeks ago I was calling for a rally to get the bulls excited. Those who wanted to play it long should now be a bit more cautious short term. We have reached the spy gap, using a wedge to transport us there. The 200sma is there on the spx too 😉

Lets look at another indication that the SPX is at least short term topping, and we'll then look at a longer term weekly SPX chart.

Lets Wrap This Week Up

March 4, 2016 /144 Comments/in Premium /by Alex - Chart Freak

Another great week of trading! Lets wrap this week up...

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SPX - Will Friday s Job report end the recent rally? We are approaching resistance.

March 3 Trade Ideas

March 3, 2016 /148 Comments/in Premium /by Alex - Chart Freak

Trading has been amazing, and there are still some set ups that we can examine. Lets get to it...

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WTIC - Starting with OIL, this looks set up to pop. I pointed out a possible bottom in oil a couple of weeks ago , and I mentioned that when Oil broke to new lows, some Oil stocks like WTI had higher lows and held up nicely.

Now look at this ...