Entries by Alex - Chart Freak

Perspective

April 19, 2016 /94 Comments/in /by

It's all a matter of perspective. If you fell asleep Sunday night and didn't wake up until after the market closed on Monday, you may have thought that not a lot had happened.  If, however, you read my report Monday morning , you saw that Oil had dropped 4% overnight.   CNBC and many other sources of information where lit up.  Was 'Oil dropping to the 20's again'? Was it 'a great time to go short'?  No, Cycle timing and the charts were pointing to possibly just a small pull back.  We are invested in Oil & Energy, so this was important.   This was our Oil chart in the report.

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WTIC - Oil was early in the 2nd daily cycle, and the first one was R.T., so I expected more than just a day 6th high in this run. Maybe we would get a gap fill?

OIL 4-15b

WTIC MONDAY -  Many ( Not here at Chartfreak) likely jumped in on the short side pre-market, but the shorts got overwhelmed.  This reversal did fill the gap and it did something else too...

WTIC 4-18

Notice this important observation

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Friday April 15th

April 15, 2016 /150 Comments/in /by

Its Friday April 15th, so I wanted to remind you that it is Tax day in the States, and I also needed to offer a clean slate in the comments section, since yesterdays comments section was FULL. 🙂

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General Markets : We watched the markets break out Wednesday

SPX 4-13

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Get Your Ducks In A Row

April 14, 2016 /139 Comments/in /by

I cannot believe how nicely these markets are getting their ducks all lined up in a row.  This report is going to be as long as a weekend report! You may even be a little surprised to see what I am about to show you...

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SPX - Tuesday I pointed out that the wedge had resolved itself.

SPX 3-12

Break out

SPX 4-13

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It’s Been A Blast (Off)

April 13, 2016 /11 Comments/in /by

I recently wrote up a public post showing what we have been invested in as far as Gold, Miners, Energy, and Commodity Stocks. With careful analysis, we have been able to catch blast off after blast off   in a variety of sectors. These runs do not last forever.  They run up, then consolidate those gains, and if conditions remain bullish,  they  can enjoy another run higher. Lets review how we've been doing that.

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I did call these lows in the General market notice that we did get the expected run higher. I then pointed out in MARCH a bearish rising wedge, so caution was warranted.  A drop was expected.

SPX 3-22

In todays premium report I showed that  Yesterday we saw a reversal and the sideways action has 'repaired' that Bear Wedge.  It now could be a channel, and the markets can resume their up-leg.

SPX 3-12

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IT IS NOT EASY

April 13, 2016 /108 Comments/in /by

It is NOT easy when you have a stock up 10%, and the other 4 or 5 are up 20% 34% and so on , but we'll just have to deal with it  🙂 .  Yes, I'm kidding, but seriously that is the way it has been lately.  Dont get used to it, it can be short lived reward for the patience that we have put in. Lets discuss selling and rocket ships after a quick review.

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SPX  April 4th chart - I pointed out this bearish rising wedge and called for the markets to stop rising as a result. I said that I then would expect another run higher.

SPX 4-4

SPX - Those wedges can cause a drop or a sideways move that can correct the wedge, and so far we now have a channel . That wedge has fixed itself.

SPX 3-12

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Charting The Course

April 12, 2016 /179 Comments/in /by

Using the April 8th  (Fridays Chart), we see the markets consolidating sideways. This usually prepares it for a directional move , up or down. In this case, it can also take that bearish wedge and allow it to become a channel.

SPX 4-9

The Markets continued that sideways move on Monday...

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What’s The Big Idea?

April 11, 2016 /14 Comments/in /by

My weekend report had over40 charts, some for educational purposes and others to point out a few trade set ups.   We have been focused on specific sectors and I wanted to focus on what I think could be important at this moment. I'd like to share a small portion of that with you here.

 

IBB - One area that I've been  stalking lately is the the Biotech sector.   It has been  bottoming for over a month and broke out recently.  Lets review what we've been watching.

IBB March 21= double bottom base

IBB 3-21

Nice break out  (But notice the resistance on the left.  Were there buyers there hoping to sell at break even?).

IBB 4-6

IBB WKLY -  Apparently so, sellers may be present, but I expect this to go higher when they are out of the way.   Thats a nice base.  Support is now near $270-$275,  The saying is  "Buy the dips , sell the rips". 

IBB 4-8

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SO I HAVE BEEN DISCUSSING BIOTECH IN MY REPORTS

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Pieces Of The Puzzle For growth

April 11, 2016 /139 Comments/in /by

The environment for trading in 2016 has been excellent for traders and investors that knew where to look. If you have been a subscriber since January, then you have seen so many trade ideas blossom and grow. We have been finding various sectors that had bullish set ups that many were actually afraid to trade in.  Coming out of their lows, the potential has been tremendous if you know what to look for.

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For example, just look at this one stock.

MUX -  Whether you traded it, or bought and held when it was recommended, it is up over 100% from its lows.

 

MUX 3-31 wkly

Lets look at a number of current trade set ups with conditions that favor the upside...

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Starting Gun

April 10, 2016 /26 Comments/in /by

This weekend report will be slightly different from past weekend reports.   I usually like to cover "Everything" in my weekend reports. I want this report to focus more on what I think could be important at this moment, and less on everything else. We will discuss the meaning of the Starting Gun too, but if you've been here for a while, I would imagine that you know exactly what I am talking about.

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SPX - Less important right now to my current trading. See Fridays report for thoughts on the SPX.

SPX 4-9

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