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

Market Turning Points And Trading

May 25, 2016 in Public /by Alex - Chart Freak

Market Turning Points And Trading

In a recent premium report, I reviewed interesting Market turning points that are showing up across various sectors. I'd like to share some of that with you now. Please note that most of this information was released in the weekend report of May 21st or within previous reports.

S&P 500 - SPX - We see a mild pullback in the General Markets after a strong rally. Not even a 38.2% retrace yet. Many advisors were becoming very bearish and pointing to a possible H&S pattern, with a big drop to come. I see that H&S pattern, but they often fail, as I was more focused on a few other areas that indicated the markets were going to break out higher, not lower.

Break Through

May 25, 2016 /70 Comments/in Premium /by Alex - Chart Freak

Tuesday was a Break Through in a several ways. Let's take a look.

.

SPX - From the weekend report. For many reasons, we were waiting for a break out higher ( not lower like many other analysts).

SPX Tuesday- We see a Break through. This is Bullish. Today is only day 3 of the 2nd daily cycle, following a R.T. Daily cycle. That means that we could really see this move higher over time. Picture this : Many were shorting what appeared to be a H&S, and they may now start covering and cause a buying reaction.

And the NASDAQ?

Setting Up

May 24, 2016 /99 Comments/in Premium /by Alex - Chart Freak

We didn't really see a whole lot of change on Monday, but as mentioned in the weekend report, some areas could be setting up. Some setting up for a run higher, others setting up for a fall. To the charts...

.

SPX - No follow through yet, but I am expecting higher prices soon.

Weekend Report – Bull Cycles

May 23, 2016 /68 Comments/in Premium /by Alex - Chart Freak

In this weekend report, I want to review the markets as usual and discuss where they are at. Things look very interesting in many ways. I also wanted to discuss a few things about my personal view of trading around cycles. In my analysis, many are aware that I incorporate a variety of helpful techniques. I Mainly use various forms of Technical analysis, and along with that I add Cycles, Sentiment, a little Elliot Wave and so on. In this weekend report, I want to also briefly discuss a few things regarding Cycles and some of the trading that goes on around them. To the charts...

.

SPX - As mentioned in a prior report, for the amount of time that the SPX has rallied out of lows and moved to oversold, it has had a mild pullback. Not even a 38.2% retrace yet.

May 20 – Friday

May 20, 2016 /68 Comments/in Premium /by Alex - Chart Freak

Lets do a market review and then I'll discuss what will be in the weekend report.

.

SPX - We've been looking at what looks like a H&S. EVERYONE is looking at it and the group think is seldom correct, so I have to wonder if it'll play out. The reversal could be a DCL and may be setting up for a rally back to 2100.

FOMC AGAIN

May 19, 2016 /152 Comments/in Premium /by Alex - Chart Freak

Wednesdays release of the Fed Minutes certainly caused a 'reaction' in the various sectors of the markets. It falls in place with the timing of certain cycles, so lets review the action and what it may mean moving forward.

.

SPX - The General Markets sold off with the Fed minutes. They recovered into the close. This still looks like a H&S and has yet to recover the 50sma.

Something that I find very interesting happened on Wednesday, I'll discuss it later in the report.

Wednesday May 18

May 18, 2016 /74 Comments/in Premium /by Alex - Chart Freak

FOMC MINUTES RELEASED TODAY, that can affect the markets , since they seem to be at pivotal points. I have a lot to discuss for a Wednesday, so lets get right into the report...

.

DJIA- I usually use the SPX, but they are similar right now. POssibly dropping to the 200sma, but 'time' is important here. It really needs to move higher sooner than later cycle -wise.

Waiting For A Sign

May 17, 2016 /129 Comments/in Premium /by Alex - Chart Freak

Patience in the markets can be rewarding and it might come in various forms. Patience is often needed to wait for a pull back to turn into a buying opportunity or a trade set up. It also might come when we are holding positions and we are waiting for price to show follow through. This weekends report showed mixed signals in various sectors and Monday started clarifying a few things, but a little more time might be needed to truly see what is unfolding. lets review...

.

SPX -The general markets showed some upside potential, regaining the 50sma. It looked like the DCL came 7 days ago, so now we need to see some follow through to new highs to avoid having this become left translated and a repeat of last fall.

Goldman Sacks sees higher prices in Oil. Finally.

May 16, 2016 in Public /by Alex - Chart Freak

Using charts like the one below, you may recall that I had been call for a low in Oil in early 2016 and snap back rally in Oil and Energy stocks. Since that time, many analysts still called for another price crash, and that includes Goldman Sachs . Is this important? It is if you missed some of the 100%, 200% 300% gains in some of the energy stocks.

Did you see the news today about Oil by Goldman today? This was the headline.

May 15 Weekend Report

May 16, 2016 /43 Comments/in Premium /by Alex - Chart Freak

While looking at a variety of charts for the weekend report, I started to see things give us some mixed signals about he health of various sectors. With that in mind I wanted to do something just a little different for this report.

.