Entries by Alex - Chart Freak

TRADE-ABLE GOLD BOTTOMS

July 21, 2015 in /by

BELOW are clips from my premium weekend report

Seems that lately we've been hearing a lot about "Drops" in the markets. Remember when CNBC was reporting that Shanghais drop  may never end until it hits the lows around 2000 again?   "Its collapsing!"  Well, all drops,  no matter how steep, end when selling exhausts.  I posted this support for my readers.  Would it be a trade-able low?-

SSEC

It did end there, so far.  THAT was a trade-able low

SSEC

 

GOLD , SILVER, And the MINERS are dropping, but it too will end.  It may become a very profitable trade.  It may be not  THE LOWS of the bear market, but rallies that come out of these exhaustion sell off s can be very profitable . Lets take a look...

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RISK

July 21, 2015 /38 Comments/in /by

This weekends report talked about "Drops",  because many markets like the  Shanghai and even our own markets recently encountered them. I mentioned that after a drop, their often comes a great opportunity and now the equity markets were rallying.  Gold has entered its cycle timing to put in a low after it finishes its current drop too.  What does that mean?  It means we should discuss RISK, as we approach what I think is going to be an excellent  buying opportunity in the precious metals area.  First lets review the markets...

 

NASDAQ - We have rallied nicely out of the ICL as expected. We are outside the Bollinger Bands (not shown) and we could get a pause here sideways, or even a pullback. Notice that eventually all break outs get tested.

NAZ 7-20

Interesting thing about the chart of the SPX...

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Talking About Drops

July 20, 2015 /75 Comments/in /by

Seems that lately we've been hearing a lot about "Drops" in the markets. Remember when CNBC was reporting that Shanghais drop  may never end until it hits the lows again? Its collapsing!  All drops end, and this one looked like it may just return to the break out.

SSEC

It did..

SSEC

And the stock market itself just had a drop, blaming the concerns of China,  Greece , etc as the problem. Lets discuss these drops since GOLD / MINERS starting dropping rather rapidly last week too. Will it end? Of course. Where and when ??  Lets discuss drops ...

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A Matter Of Time

July 16, 2015 /50 Comments/in /by

Lets talk about timing.

So far the markets are acting as expected for an equity market that has found its ICL.  The Excessive Bearish sentiment , Put / Call Ratio extremes , the Vix and Various set ups pointed out here in early July were all calling for a contrary reaction.  Not what the crowd would expect.  I expected a rally, but waiting for it each day seemed like time was being warped.    I still see the Precious Metals under similar circumstances, but as you wait for an inverse reaction , it seems like each day is a week.  Lets review this thinking.

Here is one of the many charts that I used to say that I expected a meaningful low in the equity Markets. This was July 6th.  Extremes comparable to OCT & Feb lows were in place, but when would we see a rally?

SPX T

SPX July 15 -   Notice that after July 6th, we dropped to new lows July 7,8,9. Three  days felt like forever, but now they are forgotten.  The rally continues to have follow through.

SPX July-15

Keep the above in mind, and we'll discus it further in the report.

 

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July 15, 2015 /20 Comments/in /by

Below are just a few trade ideas.

We try to find low risk set ups and entries.  To ensure that the risk remains low,  we use reasonable stops and honor them if the trade goes against us. Being wrong is OK, it will happen from time to time.  Staying wrong can damage your account.

WIX - Just broke back above the 50sma again. Your stop would be under the 50sma.

WIX

 

GPRO - re-gained the 50sma, but gapped open. You may want to wait for a break out above the blue dotted line

GPRO

Continue on...

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GOLD DROPS $113!

July 15, 2015 /13 Comments/in /by

Hey, it did happen a few yrs ago, but now that I have your attention 🙂  I need to review something in the GOLD - SILVER -  MINERS section of this report.  First a quick review of the markets.

As expected , Follow through in the DJIA, SPX, NASDAQ, etc

NAZ 7-14

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Shopping

July 14, 2015 /48 Comments/in /by

When the markets are volatile and choppy, it can be difficult to buy and hold a position for anything more than a day or two. We have had some very choppy markets lately.  The good news is that the current  set up that I am seeing in the markets currently may provide an opportunity to 'SHOP'  with  a little less "CHOP".

SPX - The blue lines point to the type of run I think we will see. We may have a pause or two, but I expect higher prices.

SPX 7-13

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SUMMER RALLY FOR GOLD & SILVER?

July 13, 2015 /20 Comments/in /by

 ** This report contains excerpts from the GOLD & SILVER section of my premium report this weekend. 

 

After doing a lot of research last week and this weekend, I am thinking that we could see a very trade-able low in Gold & Silver, and very soon.  Almost all of the letter writers and gold reports that were out there were saying that Gold would crash to $800-$1000 this spring.  My readers know that  I maintained all along that I did not see that happening (yet).    🙂

 

Lets look at The USD ,  GOLD & SILVER

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GOLD IDEAS

July 13, 2015 /32 Comments/in /by

This report covers a lot, especially when we get to the precious metals - Gold, Silver, & Miners part, so lets just get right into it.

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SPX - It has been a very volatile market, but let me discuss why I am getting signs of a meaningful trade-able low  here (or very soon). 

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