Entries by Alex - Chart Freak

Target Practice

September 3, 2015 /2 Comments/in /by

The following are a few of the charts I’ve posted in recent  Premium section of the website.  I believe we may be seeing a major shift in the markets and the recipients of future money flow just may surprise many. Hint: They have been targeted on the short side for many months and in some […]

Pulling The Trigger

September 3, 2015 /54 Comments/in /by

Many times we hear about buying the pullback, but when the pullback comes, it may be too intimidating to pull the trigger. Did you do any buying yesterday? Lets review the market action and also  discuss "Pulling The Trigger".

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SPX - The Spx has turned back down at resistance and has been rejected at the 10sma too. Wednesday the markets reversed back up to the 10 sma. This time it may be able to push higher.

SPX 9-2

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Buy The Dip?

September 2, 2015 /92 Comments/in /by

It felt like just about everything in the market was pulling back today. Not all pullbacks will qualify as a 'Buy the dip" candidate, but some may be setting up as a nice opportunity. Lets take a look...

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SPX -  This turned down at multiple resistance areas.

SPX 9-1

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Moving

August 31, 2015 /85 Comments/in /by

In last weeks reports, I was pointing out the things that were moving and really catching my interest.  Lets review and see how things played out and what that can mean going forward.

SPX WKLY - We had a very high volume sell off & reversal this week.  The last 2 stand outs had 2 different immediate reactions.  Aug 2011 just went sideways for weeks, while Oct 2014 recovered strongly. 

SPX WKLY 8 28

 

Which one is likely here, or is there another possibility? ...

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It’s Not A Straight line

August 27, 2015 /147 Comments/in /by

We all know that the markets don't move in a straight line, and lately the volatility has made the path to successful investing a bit trickier. At times it is best to get a longer term view of where things are headed, so the wiggles or shake ups don't knock us off course. Lets look at some charts.

SPX - This summer I was looking for that drop in the markets.

SPX 7-26 crash coming

The question is , is it done?

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The Hardest Part

August 26, 2015 /73 Comments/in /by

According to Tom Petty,  "The waiting is the hardest part".   I do believe he's right, but at times it is the safest thing to do.  For example, did you see the futures yesterday in the morning? The Dow was set to open up hundreds of points higher and in fact, most of the day the Dow was up 300+ points. We were putting in a very nice bounce and suddenly going into the close the Dow sold off and closed down 2o4 points.  The S&P and NASDAQ did the same thing.  Lets take a look.

DJIA - Both Monday and Tuesday if traders entered the markets during the rally, they were stopped out or seeing red by the close.  Today the Futures are up big again. 

DJIA 8-25 2

 The markets are very oversold.  I expect a bounce up to the major moving averages, but that may actually be a shorting opportunity. Now If you look at the Dow this way, you can see that several  more days like we just saw and you could make the case for the formation of a bear flag, wearing off oversold conditions.

DJIA 8-25

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Are You Ready?

August 25, 2015 /9 Comments/in /by

Are you ready to make a leap of faith? A buying opportunity is fast approaching in MINERS, whether it looks like they are crashing down or not.   Let me show you what I am seeing.      In July I  showed that I expected a drop in the USD to the lower support line.  […]

TRAPPED

August 25, 2015 /81 Comments/in /by

We were not long the markets over the weekend, but if you woke up Monday and you were?  The above picture is a perfect example of what that probably felt like. Dow futures were down hundreds of points and there was no escaping the bear claws.  We expected a drop, but I was very surprised at just how fast and  deep things unraveled.

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There will be a bounce, notice on the left side of this chart that even in Bear market sell offs, there are bear market rallies.  Pretty big ones.  We want to watch how that unfolds, as mentioned in the weekend report.

SPX BOUNCE

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