Author Archive for: Alex - Chart Freak

 USD WKLY -  looks strong and found support in an important area

The DAILY USD  - looks a bit more bearish. The MACD dipped well below the zero line for the first time in a long time. Is that a H&S forming? The outcome of this move could affect all markets.

Lets look at several other sectors...

Read More

Things are stacking up as expected.

.

SPX - it was assumed that we would turn higher here. A low risk long trade.

SPX - this was the follow through as of yesterday, and its still oversold.

Read More

It seems that things continue to play out as outlined here over the past few weeks and months. Lets look at the charts.

SPX- watch this number.  SPX needs to bounce soon.

The markets have not had a healthy correction in years. A long term chart shows ...

Read More

I dont always do a Friday report, but things looked fairly interesting today in various markets. There is uncertainty in the waters below and it may be up to the Friday Jobs report to set things in motion.  May the picture above emphasize the need to honor stops so we can trade another day .

$TRAN-  We've discussed the Dow Theory and "sell In May" concepts.   Will Fridays jobs report bring  recovery or sell off?

The TRAN also made the 50/200 Death cross.

Lets look at the SPX...

Read More

Lets get right to it,  this was a BIG move Tuesday...

$USD

Read More