Entries by Alex - Chart Freak

Sideways Moves

June 16, 2015 /41 Comments/in /by

As mentioned in prior reports, sideways consolidations and bases can build up energy for larger directional moves. The Vix chart  above ( click on it) seems to be basing and other sectors also have been moving in sideways in consolidations. If the VIX breaks out & runs eventually, the markets should correct.  Lets take a closer look  at recent activity and see if we can determine what it means.

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SPX- So far the dips have been bought and trading this pattern has been obvious, but is it due to change sometime soon?

SPX 6-15

 

Lets take a look at the NASDAQ...

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How Does It All End?

June 14, 2015 /48 Comments/in /by

 USD WKLY -  looks strong and found support in an important area

USD WKLY 6-12

The DAILY USD  - looks a bit more bearish. The MACD dipped well below the zero line for the first time in a long time. Is that a H&S forming? The outcome of this move could affect all markets.

 

USD 6-12

Lets look at several other sectors...

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Whats Your Favorite Color?

June 10, 2015 /49 Comments/in /by

If your favorite color is GREEN, then you probably like the futures this morning at 6 a.m. Eastern time. Is Green expected to continue as the color of the day?   lets take a look.

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SPX- yesterday I thought we could expect a reversal and it looks to have happened

SPX 6-9

The NASDAQ looks very much the same, except...

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Interesting Developments

June 9, 2015 /77 Comments/in /by

It seems that things continue to play out as outlined here over the past few weeks and months. Lets look at the charts.

 

SPX- watch this number.  SPX needs to bounce soon.

SPX 6-8

 

The markets have not had a healthy correction in years. A long term chart shows ...

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33 Charts

June 8, 2015 /55 Comments/in /by

The charts have lots to say,  lets just look at the charts....

SPX- I have been watching a wedge pattern for months.  It looks a lot like it  broke down & back-tested  (Orange Arrow)  It needs to break higher real soon or it will continue to just roll over.

SPX 6-5

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Tricky Times

June 5, 2015 /52 Comments/in /by

I dont always do a Friday report, but things looked fairly interesting today in various markets. There is uncertainty in the waters below and it may be up to the Friday Jobs report to set things in motion.  May the picture above emphasize the need to honor stops so we can trade another day .

$TRAN-  We've discussed the Dow Theory and "sell In May" concepts.   Will Fridays jobs report bring  recovery or sell off?

TRAN

The TRAN also made the 50/200 Death cross.

$TRAN 1

Lets look at the SPX...

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SCARY, HORRIBLE , UGLY (Or Not?)

June 4, 2015 /71 Comments/in /by

I want to show you the chart that I had in my morning report for OIL Wednesday .  Please notice that it says that OIL may pull back to either the upper trend line or $59.34.  It also could pull back to the 50sma in this consolidation and be perfectly healthy...

 

WTIC june-2

So what did OIL do Wednesday and what does it mean? ...

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