Entries by Alex - Chart Freak

Just Follow the Pullbacks

March 11, 2016 /100 Comments/in /by

Quick update on the Pullbacks...

SPX - Remember that Wedge from March 9 below? I still expected it to run to the 200sma , and then a drop to the 50sma in a 1/2 cycle low.

SPX 3-9

SPX - The 2 spike down days could be changing the way that lower trend line looks. The SPX has the run up /sideways/ run up/ sideways look. It is in a congested resistance area,  this as it heads into next weeks fed mtg.  That is where it bears watching  ( For strength or weakness).

SPX 3-10

Read More

Watching The Pullbacks

March 10, 2016 /80 Comments/in /by

Have you ever noticed that when we are waiting to see if a pull back presents a buying opportunity, it  feels like price just drips down in slow motion day after day , no matter how sweet it looks? I'm feeling that now 🙂  Lets review the markets and then check out a few areas of interest.

.

SPX - No change from the last few reports

SPX 3-9

Read More

Can We Buy The Dips?

March 9, 2016 /91 Comments/in /by

Yesterdays report mentioning Anti-Gravity stocks was just the right thing to start the corrections  🙂   In Energy stocks I think we were getting a bit spoiled with 70 & 80 % gains in a single trade,  but not so spoiled with giving back 20 - 25% today in BAS, LGCY, ARP, etc.  Commodities are pulling back and Miners may start joining them.  Will we be buying this dip?  Lets take a look.

.

SPX - My chart from yesterday. I had called for a rally , but now calling for caution. 

SPX 3-7

SPX - And we did start a little selling Tuesday. We can go higher since we are still inside of that wedge, but eventually I expect a drop to at least the 50sma.

SPX 3-8 b

Read More

Anti Gravity

March 8, 2016 /98 Comments/in /by

The stocks that we have been trading / investing in have been defying gravity for weeks. The fact that we are catching them right at the lows gives us time to enjoy the ride and nit worry about a short term pullback. So far, a short term pullback is rather hard to come by. Lets review the markets and look for more set ups.

SPX - It may be early in the investor cycle, but this doesnt look ready to power higher to me. I expect the markets to fail at resistance, at least short term.

SPX 3-7

Read More

It’s In The Charts

March 7, 2016 /14 Comments/in /by

Well, the past several weeks have been excellent for trading Metals, Miners, and Energy, and whether you follow me in the Public area or the premium side, I hope you've had a chance to make some solid gains. I've already discussed in past public posts about chart set ups in Miners and Commodities like X, AKS, FCX, CLF, etc, so  Lets take a look at the recent crazy but very lucrative trading set ups in Energy.

OIL & ENERGY - Why?

.

WTIC -  As I pointed out in a public report weeks ago,  I was looking for a possible bottom in Oil around $26.09 from this Nov Wkly chart.

WTIC WKLY 11-13

 

WTIC WKLY - I believe Oil bottomed in a shake out type manner.  Is it just a bounce? This chart looks quite Bullish.

WTIC wkly 3-4

Read More

Anything Else?

March 6, 2016 /114 Comments/in /by

Well, the past several weeks have been excellent for trading , and we have seriously had reasons to celebrate, catching the lows in various sectors. All good things come to an end, so is it that time yet? Can we keep the celebration going?  lets review!

.

SPX ( or SPY) - A few weeks ago I was calling for a rally to get the bulls excited. Those who wanted to play it long should now be a bit more cautious short term. We have reached the spy gap, using a wedge to transport us there. The 200sma is there on the spx too 😉

SPY 3-4

Lets look at  another indication that the SPX is at least short term topping, and we'll then look at a longer term weekly SPX chart.

Read More

March 3 Trade Ideas

March 3, 2016 /148 Comments/in /by

Trading has been amazing, and there are still some set ups that we can examine.  Lets get to it...

.

WTIC - Starting with OIL, this looks set up to pop.    I pointed out  a possible bottom in oil a couple of weeks ago , and I mentioned that when Oil broke to new lows, some Oil  stocks like WTI had higher lows and held up nicely.

WTIC 3-2

Now look at this ...

Read More

The Beat Goes On

March 2, 2016 in /by

  Yes, The beat goes on and the drums are on fire.  In my last few reports, I have mentioned how we were focused on Miners and commodities lately.  Did you see the Commodity stocks and especially the  Steel stocks today?  Many were up 15- 20+% today alone.  Take a look at charts of  X, […]

Not A Whole Lot Of Change Here

March 2, 2016 /57 Comments/in /by

The markets are basically moving as expected, so without a whole lot of change, there isnt a whole lot to talk about. We'll do a quick market and then discuss some trade ideas.

.

SPX-  Good follow through.

SPX 3-1

 

I've been discussing a rally for 2 weeks now, but where do I think this is heading?

Read More