Slow Race To The Finish Line
The SPX ( Left Translated) dropped to break the prior lows and then put in a shake out reversal. It has struggled at the 50sma, and now that it faled, I expect it to roll over, possibly after tagging that 50sma again.
Author Archive for: Alex - Chart Freak
Entries by Alex - Chart Freak
October 13- Still On The Hunt
When hunting for good set ups, just keep in mind that every day that passes brings us closer to the target.
Release The Minutes!
The Fed Minutes are scheduled to be released today. At times like this, we sometimes get a glimpse of what was behind the recent decision on interest rates. Is inflation starting to creep in? Just how divided or united were the Fed members when it came to timing for rate hikes, etc. Lets take a […]
Tired Of Waiting?
If you have been investing and trading for years, no doubt there are times that you find it is best to wait for that ‘Fat Pitch’, but not always so easy. Well the good news is, I can see that a real low risk buying opportunity is fast approaching, so lets discuss that again in […]
Gathering The Goods
Another week of choppy trading, but there is a lot to talk about this weekend. It may be time to start gathering the goods, so lets get right to the charts. . SPX – More of the same, Capped at the 50sma and L.T. ( left Translated) so far, it still needs to break one […]
STILL WAITING – OCT 7
We are still waiting and maybe, just maybe, the Jobs report FRIDAY before the bell will act as a catalyst. Lets discuss why it would be great to see the futures in Gold higher before the market opens. . $GOLD – To start with, we have been expecting this type of a deep sell off […]
Oct 6th – A Closer Look
Today I want to take a closer look at Oil and Gold.
We Were Not Caught Off Guard
If you have been here for a few months, then you know that this is what we have been waiting for. Lets review. . GDX – Way back in August I started to ready us for a deeper pull back than many at that time would think is likely. You may recall that I kept […]
GOLD & ENERGY OPPORTUNITIES
Our recent weeks of trading have had a lot of choppy sideways action, and this gets frustrating to both the longs and the shorts. My premium reports discussed how that choppiness was ending in Oil, and we began looking at buy set ups forming in the energy markets. I wanted to share my thoughts on […]
October 4th – Good Energy
Lets take a look at what appears to be some good energy. . WTIC – As expected, Oil is following through to the upside. Sitting near the August highs, it could form a handle on this mini cup , or it may just power higher to the June highs.
