Entries by Alex - Chart Freak

Sept 3 – WEEKEND REPORT

September 4, 2016 /117 Comments/in /by

Knowing that my readers are both short term traders and longer term  investors,  I want to always look at the charts and view them with a long term, medium term, and short term perceptive.  At times all 3 views are sunny or all are murky, but in times like these, I also get a mixed bag. Lets review the charts and you will see some good and some questionable things in various sectors. This can help to sort out our short term and longer term investments.

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Back before Aug 26th and on this Aug 26th chart, I mentioned that we could see price continue sideways until it tags the 50sma, or maybe even break it in shake out fashion.

SPX 8-27

SPX - Each sell off is met with buying reversals, so this reversal with the Jobs Report "might" be enough to put in the daily cycle low. If so, this should break out & continue higher, instead of more of this 2 month choppiness.

SPX 9-2

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Grand Designs

September 2, 2016 /141 Comments/in /by

I dont always need to know 'How?' or 'Why?' it happens.  Just like the formation of this flower, grand designs and patterns grow and develop within the markets cycles and within nature.  We watch and  wait for things to play out and right on time, we get our completed Grand Designs. Lets watch how things are playing out...

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I'm starting with the USD today.  In the weekend report,  I mentioned that I didn't really expect the USD reversal to get too far.

USD WKLY 8-27

2 days ago we found ourselves on day 8 of the daily cycle. Expecting that it should become L.T. and roll over, we pointed out the 200sma as possible resistance. The chart looks bullish, so will that pattern of being a L.T. Daily cycle play out?

USD 8-30

USD - Thursday we saw the USD drop pretty hard and even lose the 50sma again.  We'll see what happens after the JOBS REPORT FRIDAY. This $USD drop bottomed Gold. All we need is a little follow through. 

USD 9-1 a

USD LONGER TERM VIEW -  Even if the JOBS report gave the USD another burst higher, I do not see it taking out the overhead trend line.

USD b

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Same Old Song And Dance – So Far

September 1, 2016 /120 Comments/in /by

Fridays jobs report may change a few things, but so far the charts are showing the same old song and dance...

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SPX -  Not much change here (I added a Thursday candle and a Friday candle as a possibility of tagging the 50sma).Jobs report Friday may give us our directional move. Many expect this to burst higher and run, but at this point, the Vix Chart looks rather bullish.

SPX 8-31

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August 28 – Weekend Report

August 27, 2016 /74 Comments/in /by

It was a week of activity capped off with some Jackson Hole volatility. Lets take a look...

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SPX - 2 months of sideways should produce a strong trending move. A dcl could shake traders out first.

SPX 8-27

SPX WKLY - The weekly shows that we are on week 8 out of the recent lows. The prior move did top on week 10 and dip for weeks before surging and making new highs on week 17, so these markets can be tricky, even when bullishly set up.

SPX WKLY 8-27

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Wash Day

August 25, 2016 /83 Comments/in /by

The Bullish love for Miners over the past few months took a bit of a drubbing Wednesday.  We didn't see the sellers using the gentle cycle to try to wash away the sentiment, it seems that they may have pulled out that wash board and vigorously scrubbed away at it. Many seemed to be heading for the exits.  We'll discuss this further, but first...

The General markets sold down a bit, but we are still within the same consolidation that I've been pointing to for weeks. Any further selling should seek out the dcl that we have been expecting now.

SPX -

SPX 8-24

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Did You Buy That Dip?

August 24, 2016 in /by

At Chartfreak, we were anticipating that a higher low in Oil would prove to be an exceptional buying opportunity after  the recent summer sell off.  Cycle timing was telling us that it was 'time' for a low to develop, so we began monitoring the charts using technical analysis and cycle timing.  Did you buy that dip at the right time? Let me show you what we were watching using actual charts from our August reports.  You can ask yourself, if I was a chartfreak member, would this may have helped me with my investing in this sector?

 

WTIC AUG 3 - Anticipating the coming low, I used this chart to start with. We had a 50% retrace and some Energy stocks were beginning to look Bullish too. I encouraged readers not to buy until we get a break above the tight downtrend.

WTIC 8-3 Read More