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

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...

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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.

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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.

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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...

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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...

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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.

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Friday The 13th ( Of May )

May 13, 2016 /55 Comments/in Premium /by Alex - Chart Freak

This is my "It's Friday and I dont usually do reports on Friday" report. Whenever Thursdays action raises questions that can't wait until the weekend, I do a Friday report.

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SPX - This was yesterdays chart. We likely saw a DCL last Friday with the reversal at the 50sma. AS LONG AS THOSE LOWS HOLD, the DCL is in place. Even if it goes sideways for days above the dcl, like the red circle that I drew above the Jan DCL, nothing has changed.

SPX Thursday - Nothing has outwardly changed yet, but this is looking weak. Volume increased a bit, the MACD looks weak, and the hrly charts look weak. If this breaks down, that H&S measures a move down to the 200sma. Do I expect that?

MAY 12 – Timing

May 12, 2016 /63 Comments/in Premium /by Alex - Chart Freak

After a brief market review, I want to point out something that seems to be telling me that now is the time to act. Lets begin...

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SPX - Price was rejected at the upper trend line, and it dropped down to the 10sma. The Red Circle shows that shortly after prior DCLs, price did the same thing. A drop below the dcl would not be healthy, the first daily cycle would be extending way too far and I would be suspicious.

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From here I'm going straight to OIL, NATTY, and The CRB...

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It Happens

May 11, 2016 /82 Comments/in Premium /by Alex - Chart Freak

Have you ever been thrown off of a Bull? Maybe your stop was triggered only to see that stock turn and move higher. What can you do? We'll discuss that after a quick market review.

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SPX - This was my May 5th chart. I have been pointing out that the SPX ( And general markets) are due to rally.

SPX as of Tuesday - That is what we see happening as the markets were green for the past 3 days.