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

I See More Than Just One Out There

November 10, 2016 /175 Comments/in Premium /by Alex - Chart Freak

Well Wednesday was pretty crazy in the markets to say the least. Nothing has changed in my analyses however. I still think that we are seeing several Bulls ready to run. Let's get right to the charts and see what we can discern from the extreme moves that took place Yesterday.

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Nov 9th – Storm Winds In The Future(s)

November 9, 2016 /144 Comments/in Premium /by Alex - Chart Freak

Sometimes when we are looking out over the horizon, we see what looks like a storm rolling in. Basically there is nothing that you can do, except to be prepared. It is normal to wonder, "Will the winds of change do a lot of damage?" "Will they just be a moment of unsettled turbulence with minimal damage?" "Will we have to pick up an abundance of scattered debris, or will this just pass by?"

We have been taking positions in the Precious Metals markets, so this storm may be just like riding the rapids for most of us, if things do not change by the morning. The General Markets, on the other hand, are taking a good hit tonight for those trading in that area. We just have to watch how things settle after the storm surge passes. Let me show you why...

Where Are We Now?

November 8, 2016 /112 Comments/in Premium /by Alex - Chart Freak

So far things are playing out in ways that we anticipated. This should make the trades easier to enter. Lets review the Monday action in the markets.

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SPX OCT 31 - Using cycle analyses, I have been expecting the SPX to drop into a trade-able low. The circled area was the expected target, a higher low and not an outright crash.

SPX - Nov 4th, This is a gravestone doji and quite often acts as a reversal candle after a sell off. Timing was correct and we were within that circled area. We would look for a reversal.

SPX Nov 7th - Monday definitely saw a strong move out of the lows by all indexes. The SPX broke above the 10sma and in the past, day 1 was not the end of it. I expect follow through and then a possible back test of the 10sma. We saw this in Februarys ICL and Junes ICL.

WEEKEND REPORT – CONFIDENCE

November 6, 2016 /145 Comments/in Premium /by Alex - Chart Freak

Welcome to the weekend report. It is another long report with roughly 30 charts, to build up your confidence. So grab your coffee and lets get right to the charts!

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SPX - I have been expecting this dip and my target area shown here has been met. Do we see signs of a bottom?

SPX - Yes, this is a gravestone doji sitting on the 200sma. This could be the dcl, because the ' cycle-timing' is right. We wait for a swing low and confirmation before entering, since it can drop below the 200sma as a shake out. Look at the selling here, 9 straight days of red high volume. THAT will change sentiment from Bullish to " I dont want to be long". We may get post election rally no matter who wins, and everyone will then say , " SO & SO won, and that was good news to the markets."

Shopping For What?

November 4, 2016 /120 Comments/in Premium /by Alex - Chart Freak

Fridays idea...

What’s Next?

November 3, 2016 /109 Comments/in Premium /by Alex - Chart Freak

We go into a Fed Day knowing that there will be volatility. It doesn't matter what my expectations are longterm, the short term volatility can be difficult for many. That's why I wrote this on Wednesday morning before the Fed release when asked about Gold ( and miners)...

Nov 2 – Fed Wednesday Again

November 2, 2016 /213 Comments/in Premium /by Alex - Chart Freak

There is not going to be much new to discuss here until after the Fed on Thursday. We are in the middle or late in various daily cycles, but we can review how things are playing out so far.

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SPX Tuesdays report - I was pointing out that I an expecting a drop

SPX - We got the market drop, but then it reversed going into the close, so we have a reversal candle. With a Fed day Wednesday I wouldn't put my trust in it yet. I did expect a deeper drop.

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Oct 31 – A Closer Look

November 1, 2016 /156 Comments/in Premium /by Alex - Chart Freak

We had a huge weekend report, and so what possibly could be said only 1 day later? Well, I have 14 charts in this report to help us to take a closer look at things, because this is a Fed Week. To the charts...

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SPX - I want to say that there is no change from my expectations over the past several weeks. We didn't go long or short, because these sideways markets can just waste time and chop up funds. We are due for a dcl ( possible ICL) , so I do expect a bit more of a drop to a new low, not a move higher yet. We have Fed Wednesday ahead.

Weekend Report – Visibility

October 30, 2016 /51 Comments/in Premium /by Alex - Chart Freak

Another week that started off a little unclear in some areas, but I think we're starting to see some clarity now. Lets review the current condition of the markets and then focus on Precious Metals sector.

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I have been pointing out the potential resistance in the General markets. With the exception of the Nasdaq , which has done a little better, Markets have been rather stagnant. Lets look at the progress over the Month of October.

SPX -This was SEPTEMBER 30th, and the choppiness was making it unpredictable and untradeable.

SPX NOW - 1 Month later and it is a tad lower with a big rounding top. On Oct 13th it broke to a new low and I warned that it now looked like it would NOT go upside until it first breaks to new lows again ( Failed daily cycle). 2077 is currently the 200sma and a possible support.

Lets look at the weekly chart

Friday October 28

October 28, 2016 /194 Comments/in Premium /by Alex - Chart Freak

Well, you know the story. I don't usually plan on doing a Friday report. Thursdays report can usually cover what could happen on both Thursday and Friday. We are specifically focused on Gold & Miners , so we should discuss that area a bit before the weekend. Let's start with the $USD.

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USD Oct 26 - Would the dollar drop into its Daily Cycle Low, or would the 10sma act as suppport? It is overdue to dip down.

USD Oct 27 - It DID use the 10sma as support so far. This Daily cycle rise is longer than normal.