Entries by Alex - Chart Freak

The Beat Goes On

  Yes, The beat goes on and the drums are on fire.  In my last few reports, I have mentioned how we were focused on Miners and commodities lately.  Did you see the Commodity stocks and especially the  Steel stocks today?  Many were up 15- 20+% today alone.  Take a look at charts of  X, […]

Not A Whole Lot Of Change Here

The markets are basically moving as expected, so without a whole lot of change, there isnt a whole lot to talk about. We'll do a quick market and then discuss some trade ideas.

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SPX-  Good follow through.

SPX 3-1

 

I've been discussing a rally for 2 weeks now, but where do I think this is heading?

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Public Report – Update For The Golden Pennant

Many people are looking at this almost perfect Bullish Pennant forming in Gold. Many are also looking at the C.O.T. report that came out Friday and seeing bearish implications.  Yes, Bull Flags can fail, but for now it remains a bullish trading pattern, so lets discuss Gold here using a few of todays charts from […]

What has been working lately?

The markets have been quite volatile and choppy, and that can be difficult to trade. At chartfreak, we've been focusing on bases and up trends, so lets do a market review and discuss this further.

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SPX- I've been saying that I expect higher price, but this has been quite choppy.  If we dont get a surge higher soon, this could become an overbought bearish rising wedge.

SPX 2-29

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Public Report – Bull Flags

I wrote a report about Bull Flags for the premium members last night. Why?  Questions have been raised.

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On Feb 17th, after the recent run up in Gold, I mentioned that Gold  could Pause and form a Bull Flag.  These are often just a pause along the way  (although they can fail).

Feb 17 - I discussed a possible Bull Flag forming after a strong run higher. 

GOLD 2-17

Feb 24 -   We have the Flag and as mentioned, it is often  just a pause before continuing to run higher.

GOLD 2-24

 

Well on Friday  Feb 24 Gold broke out and dropped.  Many said Gold failed at the Bull Flag.   Friday  Feb 26 ( Today)  Gold dropped down to $1212.  Does that hurt the Bull Flag and prove it is a failure,  like some are saying? 

No- Let me show you 2 ideas that are not a stretch or grasping for straws. These are legitimate patterns playing out .

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Is That A Bull Flag?

On Feb 17th, after the recent run up in Gold, I mentioned that it could Pause and form a Bull Flag.  These are often just a pause along the way  (although they can fail).  So lets discuss the last few days and discuss Golds Bull Flag and other important implications that I am seeing.

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Feb 17 - I discussed a possible Bull Flag forming after a strong run higher. 

GOLD 2-17

Feb 24,  We have the Flag and it is often  just a pause before continuing to run higher.

GOLD 2-24

Then I started seeing similar bullish formations in various Miners, like TGD. This is an ascending wedge or ascending triangle, and usually plays out in a bullish break higher too. Hmmm.

TGD 2-25

Lets discuss chart patterns and look at some more Miners...

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Quite A Ride

There were reversals all over the place yesterday.  From the Market sell off and Oil reversing higher, to  Gold and The Miners breaking out only to turn lower. What can we expect going forward?

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SPX - Volatility has produced many reversal here at the lows, but I think they were just clearing everyone out before a run higher.

SPX 2-24

In an earlier report, I pointed out this possibility, and we see it playing out...

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Buy Sell Or Hold

I've been expecting a multi week rally in the markets since Feb 11, and so far it is pretty lack luster.  I noticed weakness in the SPX on Monday and mentioned that I thought this would cause the 'rally' to stall.

  I posted this chart, read the writing.

SPX 2-22

The SPX was rejected at the 50 sma.

 

SPX 2-23

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