Entries by Alex - Chart Freak

Stretched

August 6, 2015 /92 Comments/in /by

When dealing with Cycles, there are times that they are getting s-t-r-e-t-c-h-e-d, and other times when the count has simply started over.  Right now in the Precious Metals markets we are facing that situation, so lets discus that further after we review some other areas of the markets.

 SPX - more sideways action. Yesterdays rally attempt sold off

 

 

SPX 8-5

Lets look at the NASDAQ...

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What Is The Golden Key

August 5, 2015 /49 Comments/in /by

Lets get right to the charts...

I mentioned yesterday that in addition to other things like the SOX, TRAN, and a few other things, AAPL showed signs of cracking. Please dont shoot the messenger, but it sold off further. Watch to see how this acts on the Bounce or recovery move higher. 

AAPL

AAPL

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Wasting Time

August 4, 2015 /106 Comments/in /by

I wanted to get this report out tonight ,  so it's just going to be a quick review of todays market action and a bit more on GOLD and MINERS.

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DJIA - The Good news was that todays sell off ended with a reversal candle

DJIA 8-3

 

But there are cracks in the armor for now. Notice above the downward sloping channel with lower lows and lower highs?  Also notice...

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Steady Balancing Act

August 3, 2015 /60 Comments/in /by

If you are a subscriber here at Chartfreak.com,  you know what this picture represents. Lets discuss the markets and see where they landed at the end of last week.

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I will start with the wkly chart of the SPX. 

Again we see a LONG consolidation for the entire yr of 2015 really.  Bullish if it breaks higher and rallies, but...

SPX wkly 7-30

I want to point out the MACD on the above chart and this following chart as a reminder...

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Weekend Approaching

July 31, 2015 /98 Comments/in /by

I wanted to write this late day report for 2 important reasons-

1. You've been filling up the comments section on the last report, so I thought you needed a fresh space to write in  🙂

2. Even thought things are still playing out pretty much  as expected in certain areas, this is just a reminder about being able to sleep over the weekend.

 

Lets do a quick review...

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Searching For Clues

July 30, 2015 /160 Comments/in /by

 Wednesdays Fed Meeting went off without a hitch. Sometimes the following day can get a little volatile, so Lets look at some clues within the market moves and see if things look normal or sketchy

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SPX-  bounced off of the 200sma and now has good follow through above the 50sma.  I would expect a possible break above the recent highs

SPX 7-29

 

You cant help but notice that the markets have been basically going sideways all year. Will they break out here and just start a nice rally?  Here is an interesting clue...

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A Good Hand

July 28, 2015 /42 Comments/in /by

Have you ever heard the expression , "You have to play the hand you're dealt." ?  Well, that term is usually used when you are dealt a bad set of circumstances in life.  You need to do the best you can with what you have in front of you.  In the markets you can choose to sit this one out, use whats in front of you, and so on.  The choice is yours.  Right now we have been dealt a pretty good hand,  but tomorrow we'll be playing against the Fed.  🙁    Thats not always a  bad thing, but we should also try to  think in terms of what could beat our hand and prepare accordingly. We will discuss that further in this report.  Lets discuss the charts right now.

We are seeing a variety of things in the markets.

First we see that the SPX landed on the 200sma. Futures as I write look ready to give the markets a good bounce.

SPX 7-27 

Remember my bigger picture view posted in the weekend report looked like this...

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Just The Facts – 31 Charts Of Evidence

July 26, 2015 /71 Comments/in /by

For the past few weeks I have daily been pointing out various 'clues' in the Precious Metals Markets indicating that a drop could lead to a nice summer rally in Gold & Miners. Is there any 'evidence' saying that such a rally is still ahead?  Some have sent me articles  ( like the one shown  below) saying that Gold is just a pet rock, Gold is Doomed, Gold has no value, and will continue to drop until it gets to $600-$800.  Well of course anything can happen, but in the weekend report we will look at all of the 'evidence' and draw our conclusions from the charts

REPORT

First, a review of the various markets...

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