Entries by Alex - Chart Freak

On The Right Track?

September 10, 2015 /219 Comments/in /by

I wanted to post a picture of something where glue was just melting and everything was becoming unglued, because Wednesday morning I saw quite a bit of Green on my screen and by the close things become a little unglued.  So it raises the question,  "Are things still on the right track?"  Lets look at the charts.

DJIA - Wednesdays rally hit the 20sma and back tested that down trend line, and then promptly gave it up.  I actually think this type of action could lead to a nice post Fed rally next week. For now it is difficult to trade.

DJIA 9-9

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Timing The Trade

September 9, 2015 /69 Comments/in /by

Now that we have seen some steady selling in various areas of the markets, some set ups look ready to buy again. Before discussing these set ups, lets review the markets in general.

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NASDAQ - After the steep drop, we usually see some consolidation and chart repair under the 10sma. Eventually if you get a break back above that 10sma, price often continues higher. We could break back inside this channel, but it was the start of a downtrend. Trading is no longer buy & hold for many.

NAZ 9-8

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ANOTHER STEP CLOSER

September 8, 2015 /108 Comments/in /by

Lets see how the various market sectors continue to march toward their next big move.

SPX - Many thought that the recent sell off would recover straight up like the one on the left last October. Did you notice the back tests recently? These are acting like resistance points.

SPX 9-4

Lets look closer...

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Why?

September 4, 2015 /91 Comments/in /by

I dont always do a Friday report, because the Thursdays report usually also covers what could follow through on Friday. Since Friday is the last trading day of the week,  the weekend report covers it all.   I wanted to write one today - Just Bcuz.

SPX - This could be a consolidation to push higher or could be forming a bear flag.

SPX 9-3

Yesterday it was noted that even when the markets were higher in the morning, the usual suspects were not joining in. That would be F.B., GOOG, AMZN, etc.

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Target Practice

September 3, 2015 /2 Comments/in /by

The following are a few of the charts I’ve posted in recent  Premium section of the website.  I believe we may be seeing a major shift in the markets and the recipients of future money flow just may surprise many. Hint: They have been targeted on the short side for many months and in some […]

Pulling The Trigger

September 3, 2015 /54 Comments/in /by

Many times we hear about buying the pullback, but when the pullback comes, it may be too intimidating to pull the trigger. Did you do any buying yesterday? Lets review the market action and also  discuss "Pulling The Trigger".

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SPX - The Spx has turned back down at resistance and has been rejected at the 10sma too. Wednesday the markets reversed back up to the 10 sma. This time it may be able to push higher.

SPX 9-2

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Buy The Dip?

September 2, 2015 /92 Comments/in /by

It felt like just about everything in the market was pulling back today. Not all pullbacks will qualify as a 'Buy the dip" candidate, but some may be setting up as a nice opportunity. Lets take a look...

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SPX -  This turned down at multiple resistance areas.

SPX 9-1

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Moving

August 31, 2015 /85 Comments/in /by

In last weeks reports, I was pointing out the things that were moving and really catching my interest.  Lets review and see how things played out and what that can mean going forward.

SPX WKLY - We had a very high volume sell off & reversal this week.  The last 2 stand outs had 2 different immediate reactions.  Aug 2011 just went sideways for weeks, while Oct 2014 recovered strongly. 

SPX WKLY 8 28

 

Which one is likely here, or is there another possibility? ...

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