Author Archive for: Alex - Chart Freak

About Alex - Chart Freak

I’ve been a full time trader for well over a decade and began trading in the late 1990s while working in management and sales at a well-known aerospace company. As my style evolved, so did my success, and it allowed me to leave corporate America to pursue my passion and trade full time.

Entries by Alex - Chart Freak

Elephant In The Room

May 21, 2015 /118 Comments/in Premium /by Alex - Chart Freak

Can we talk about the elephant in the room for a minute? Not the one seen above, I'm actually talking about the one below . Notice how the Trannies sideways move has lost strength & momentum.

IYT- Zoom in and see the break down in the IYT

How can this be in such a strong market. Buy the dip mode is in full force, right?

More Shaking?

May 20, 2015 /65 Comments/in Premium /by Alex - Chart Freak

I want to review the market moves from yesterday and their possible implications. WIth that I am also keeping in mind the FOMC minutes will be released at 2 p.m. Eastern today. That has the possibility of shaking things up at times.

My SPX thoughts are bullish, as shown in yesterdays chart. The SPX 'paused' yesterday after breaking to new highs.

That said, I want to point something out that could weigh on the markets too...

Under Various Circumstances

May 19, 2015 /60 Comments/in Premium /by Alex - Chart Freak

What happens if I am conditioned to see an egg sink in water, and then I see one float? I think that I would want to try to understand what the difference is. What has caused this change. Sometimes in the markets we also get accustomed to seeing something occur, but when the opposite happens, I like to try to understand what has changed. We'll discuss this later in this report, for now...

The SPX has broken to new highs! If this pattern plays out, it has room to run.

Look at this next chart below , and compare it with the SPX. I posted this April 29 and you saw what happened

Running With The Bulls?

May 18, 2015 /57 Comments/in Premium /by Alex - Chart Freak

The DJIA, SPX and NASDAQ have basically been in a sideways move through most of 2015, as seen in the chart below. Despite the sideways action, there have been many Bullish set ups and even Bullish action in some of the beaten down sectors . The good news is that it doesn't look like it is about to end now. Lets look at some charts and discuss this further...

DJIA- Jan -May was rather sideways

We have discussed sideways consolidations in the past and how they can lead to some nice trending moves when they finally break free...

JUMP!

May 14, 2015 /80 Comments/in Premium /by Alex - Chart Freak

If you're a premium reader here, then you know what we've been getting a little excited about, even wondering out loud if it's possible that ...??? Well, We'll get to that in a minute, first lets discuss a few other charts : )

SPX - When this consolidation breaks, the move should last for a while

The NASDAQ looks a little different...

Are There Storms On The Horizon?

May 13, 2015 /31 Comments/in Premium /by Alex - Chart Freak

As I have discussed in previous reports, I am seeing some really bullish set ups in some Sectors, and some interesting moves in other sectors, but still I have to wonder if there could be future storms rolling in within the equity markets? Lets look at some charts...

The NASDAQ re-gained the 50sma, but is still weakish. Look at that MACD. We need a burst higher soon.

Lets look at the SPX...

Similarities

May 12, 2015 /27 Comments/in Premium /by Alex - Chart Freak

Not much changed from The weekend report to now, so lets quickly review the mkts and then review a couple of trade set ups...

For the NASDAQ- I have been showing a bearish wedge, and I pointed out how they occasionally can consolidate & turn bullish like in this 2011-2013 wedge. I shared this chart

Lets look at the SPX currently

TRIANGLES

May 10, 2015 /43 Comments/in Premium /by Alex - Chart Freak

I am seeing a lot of Triangles forming in the markets, some bullish by nature and others bearish. Lets take a look and review the past week and look forward to a few ideas too...

I posted this WKLY NASDAQ in a mid-week report on MAY 6. Could it recover?

Amazing. It recovered by week end.

Lets look at some other triangles and wedges...

CHANGE

May 7, 2015 /132 Comments/in Premium /by Alex - Chart Freak

6:30 a.m. Eastern time : I collected most of the Charts for todays report last night. I thought to myself that like I wrote in the weekend report, it looks like we are seeing some Big Picture changes lately. I awoke this morning to Futures down quite a bit and that makes the charts you are bout to see all the more interesting. We all know that when you wake up to Futures down, the day can reverse and still close green and visa versa, but take a look at where we are , and you'll see that things look quite interesting.

I like to start with the previous days chart, so here is the Nasdaq from Tuesday. Breaking down?

SO what happened Wednesday? Oh yes, it wasnt a FED WEDNESDAY, but The Fed did say something in an interview that shook the markets a bit more...

Healthy Pullbacks

May 6, 2015 /70 Comments/in Premium /by Alex - Chart Freak

As mentioned recently in a prior report, The Markets seem to breath in and out with human interaction. They can Ebb & Flow like the ocean, and some pullbacks can be very healthy , giving the upward move more energy to break above resistance. The picture above shows the idea of a pullback that has done its job. SO in this report I wanted to discuss certain pullbacks that can be buying opportunities, and of course there are some that aren't. Lets do a market review...

NASDAQ- This was my chart for yesterday, I mentioned that a pullback usually occurred with the little move that we saw on Monday. It too could be a healthy little pullback.

So we did dip yesterday, lets take a look...