Entries by Alex - Chart Freak

Have You Been Trading Metals & Miners?

October 1, 2015 in /by

Have you been trading Gold, Silver, or maybe some of the Miners recently?  They have been quite volatile lately, with many good traders being stopped out and frustrated. I was recently stopped out last week, when some miners did a false break higher above their 50sma, only to turn down and close below the 50sma […]

Got Pain?

October 1, 2015 /68 Comments/in /by

The market volatility has been whip sawing people left and right. What used to look like the perfect set up falls apart in just a day or two, so having  'stops' in place has been very important. Lets take a look at the markets and then review some very interesting things that took place in the Metals and Miners area today.

 

SPX-  This bounce was expected.

SPX 9-30

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Time Decay

September 30, 2015 /125 Comments/in /by

It's time to discuss decay in the Oil and Metals markets, but first lets do a review of the equity markets.

 

SPX- This was Sept 15. I have been saying since August that I expect the lows to be tested sooner or later.

SPX 9-15 2

 

We see that happening now, so what next? ...

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Does It Fit?

September 29, 2015 /125 Comments/in /by

Crazy action in the markets today.  Some of it was expected, but some of it doesn't seem to fit. Lets take a look.

IBB - Really taking it on the chin lately. This is a weekly chart and todays volume was massive.

IBB 9-29

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Gold Is Jumping

September 24, 2015 in /by

Yes, Gold is jumping, but we’ve seen that before, right?   The question is , ” Will it make it to it’s intended target, or land flat and flounder around like a (gold) Fish out of water?”   Here at Chartfreak, we have been waiting for this next leg higher. Lets review some of the charts […]

Clear As Mud

September 24, 2015 /94 Comments/in /by

Whenever we get mixed signals in the markets, it may take time to  allow  things to clear up. We are seeing that with the divergence between Metals and Miners right now, but until time resolves the differences, we can also look for clues. We'll do that here, but first lets review a few other sectors.

NASDAQ - We got the back test that we expected and then the drop back down. I expect the Aug lows to be tested or broken, but you can see that volatility has kept things from being a smooth move. We may bounce around inside this down channel too.

NASDAQ 9-23

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Watching

September 23, 2015 /98 Comments/in /by

We are still keeping an eye out for various signs in these markets. Lets take a look...

TRAN  - I posted this wdge as a warning in Monday nights report

$TRAN 9-23

TRAN -  There was some follow through. 

TRAN 9-22

The selling was  not on very heavy volume, so I am starting to think this move is going to drive longs and shorts crazy, here is why -

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Pulling Back

September 22, 2015 /81 Comments/in /by

Our positions in the Miners are pulling back, but it is a slow pull back so far. This pullback  was expected. We'll discuss what to expect later in the report, but lets start with the pull back that came in the equity markets first.

SPX - It started with a shooting star and the stochastics indicate that we could see more downside.  In fact, I have mentioned that I expect a test of the 'high volume candle lows' sooner or later.

SPX 9-21

 

The TRANNIES looked pretty strong re-gaining that 50sma, but they've done that before and a rising wedge is bearish. Notice the shooting star candles at past tops?

$TRAN 9-23

 

OIL is playing out as expected too...

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