Entries by Alex - Chart Freak

Things Are Looking A Little Clearer Now

January 29, 2015 /57 Comments/in /by

You can just Re-Read yesterdays report on the General markets , and then come back here and see how much clearer it looks with the charts supplied today. Yesterday I was saying that Futures where up , but  could it last? ....

Well, Let me just start with a chart that I posted yesterday ...

MSFT

Now check this out...

 

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F.O.M.C – Back At The Crossroads

January 28, 2015 /19 Comments/in /by

(This report was written Tuesday  night )

Warning, this report goes against " common group think"   Why? Well , I want to show why slowly but surely it looks like the "Buy The Dips" crowd may be exiting the building and the next few charts may be proof.  AAPL & YHOO  had pretty good earnings,  can they save the day?  Or will it prove to be just another bounce? We shall soon see, but it's also another F.O.M.C. Wednesday and as you know...anything can happen after 2 P.M. Eastern time!   In the meantime, lets glance at a few charts.

 

MSFT -  Oh she used to be a wall street darling.  This is a Weekly chart and so far the volume is HUGE for 2 days.

MSFT

 

Is that just a fluke?   A one bad amongst many beauties? ...

 

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I WANT TO SHARE SOME TRADE IDEAS

January 26, 2015 /41 Comments/in /by

Due to the Storm approaching New England, I may lose power   ( As mentioned in my wkend report), So I want to share  a few possible  trade ideas  for you to watch , in case I wont able to post anything tomorrow. Let me start by showing you an Energy stock that got taken out to the whipping post.  It is beaten down and double bottomed. It seems like all of the downside ( At least for now) has been met. Risk reward is skewed toward less risk  (Using stops) and more upside potential if conditions play out.  Some of these stocks could just "Bounce" and do very well.

EXXI WEEKLY - Double bottom with a MACD cross?

EXXI DAILY DOUBLE

 

Why would I call it low risk though? Isnt it high risk, in danger of getting cut in half again?  Well, consider  this...

 

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I Want To Emphasize Caution

January 25, 2015 /23 Comments/in /by

Have you ever seen Black Ice?  living in New England I've seen it a lot. It looks like solid dry black pavement, but  Suddenly you see someone walking along and   Whoosh! , their feet fly out from under them and they are flat on their back.  Invisible Ice.   Well on occasion, I've  seen something similar occur in the markets.  You're going along and all things look solid and safe when suddenly...Whoosh! things slip away.  I want to mention this now and first off, so that THAT image sticks in your mind when I cover the weekdend report.

Our recent consolidation that was looking a little  Bearish in many ways (as shown in prior reports) Got Draghi juice and suddenly looks a little more normal. This is the SOX index on Friday

$SOX

Does that mean we'll break out in Bullish fashion soon? ...

 

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Look At Those Socks!

January 23, 2015 /5 Comments/in /by

I have to be honest, I was recently looking at the markets and thinking that the apparent weakness was going to prevail. Recently I've been staring at the SOX and something is starting to pop out at me.  let me explain...

 

 I had mentioned to my readers back  in DEC that I thought I saw internal weakness in the markets.  As the markets began to weakly bounce & Roll over,  I then posted this chart JAN 6 and mentioned that though I expect a bounce here,  I thought we may 'fail " at the 50sma.  BUY THE DIPS might not work, and possibly a short set up .

QQQ JAN 6

By Jan 21  the weak bounce  had played out, I began to think we may get a good shorting opportunity,  but wait for that ECB mtg.

QQQ JAN 21

 

But then I saw those SOCKS!  No, not the multi colored array of Socks above,  I mean ...

 

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Pass The Draghi Juice Please

January 23, 2015 /20 Comments/in /by

Did you see the $USD? Did you see the QQQ's?  Did you see $Gold?  Looks like "Happy days are here again" ?  Well the markets certainly did react strongly after the ECB announcement, but will it last? Can it last?  It really raised more questions than it answered, so lets look at some charts.

 

SPY -  Which was struggling below the 50 sma got a bit of a boost yesterday

sp y

 

In some ways , the 3 Q's looked even a bit better...

 

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In My Opinion, Its Back To Learning Patience

January 22, 2015 /24 Comments/in /by

Many times when  markets move , they are often setting up for the next trade.  As things are setting up , Its not always possible to tell if the set up is Bullish or Bearish.  I have mentioned here what I am seeing in the markets, but with the ECB meeting taking place and the results of that meeting not being released until  (supposedly) 8:30 Eastern time,  the goal is patience.  Often traders & investors dont realize that over trading can cause one to slowly give back the  gains recently made.  So while we need to invest to make money,  we also need to learn patience to be able to avoid knee jerk reactions and head fakes.   While we wait....Quick review.

 

NOTHING has changed with the SPX,QQQ,DJIA, etc

SPX JAN 21

Like yesterdays report 'Groundhog Day" mentioned,   as time goes on, not much has changed.  One thing I did notice is...

 

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Groundhog Day

January 21, 2015 /33 Comments/in /by

I feel like I'm living in that movie Groundhog Day, where you wake up and though some things continue to change, its just a repeat of yesterdays events.  The equity markets moved a bit , but its the same old movement, and leaves me with the same conclusion.  As for GOLD & Miners,  NATGAS, and Oil? I am expecting changed  that I will discuss  here.

First lets look at the SPX as of yesterdays close

SPX JAN 20

You can see that we are getting the same movement as expected and ...

 

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SILVER AND GOLD

January 20, 2015 in /by

Here at CHARTFREAK.COM,  we have been all over the buying of Miners and Metals related positions for many weeks now .   Since pointing out the lows in Gold in Early Nov, some miners have gone up over 100% .  It has been profitable,  but Some were a little concerned about SILVER lagging.  What did I think […]

So Much Going On, It’s Hard To Know Where To Start – Dizzying!

January 19, 2015 /30 Comments/in /by

I've started this report a few times and there is so much going on, that I found it difficult to explain everything that I see, so I'm just going to cut to the chase and try to show basically what I am observing in various markets and what the possible implications could be.  Lets start again with the general markets.  SPX, QQQ, DJIA in JANUARY are still unfolding  as I thought they would way  back when I posted this  in DEC. I saw weakness increasing

SPX dec 28

Our expected sideways consolidation continues before a directional move takes hold. We look for weakness or signs of strength going forward,  to see if this is going to resume as bullish or bearish  (short?)  Here is what I'm seeing...

 

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