Still A Wedge?
Not a lot has changed since the weekend report, so lets just look at some charts...
March 20 - The NASDAQ looked due to pullback
SO did it start to pullback, and if so, how far is it likely to do so?
Author Archive for: Alex - Chart Freak
Entries by Alex - Chart Freak
Things Are Popping
As expected , the Fed Mtg Wednesday caused several areas of the market to really start popping. There is so much to cover this weekend, so lets get right to the (29!) charts...
Starting with IWC - As pointed out over the past several weeks, This is a bullish looking set up
Another Bullish looking set up is he following chart...
Could Energy Still Be In A Bottoming Process?
In this past weekends premium report & again on Monday March 16th, I posted developments that we had been watching In OIL/ENERGY /METALS. I am going to share a small part of those reports here with you , and let you draw your own conclusions. MANY went short OIL this week . The Wall Street […]
POST FED GREEN LIGHT
If you were watching the markets yesterday, then you may have seen something quite interesting from about 2 P.M. onward as the FED information was released. It looked like this at a casual glance....
The $USD completely wiped out any gains from Jan 22 onward in very short order. Oh these fickle markets ...
Waiting On The Fed Again
It's Wednesday and again the FED seems to be adding uncertainty and volatility to the various markets. Lets look at some charts, not too much has changed since yesterdays report.
QQQ March 16
Here is a different view and how things progressed yesterday, March 17...
A Morning For Focus
I want to focus specifically on the subject that was my midday alert Monday, but first a quick market overview.
SPX - We looked ready to move higher, and we did, but within a possible wedge pattern.
I took a look at the QQQ's and pointed out this...
Smooth Sailing?
I have been out most of the day, but when I got back to my desk, I couldnt help but notice something, so I wanted to just quickly post a short update here....
BOUNCE
Yesterday at 7 a.m. I saw that the futures for the DJIA, SPX, and NASDAQ were green, but I said that I expected them to would sell off and close red for the day. They did. What about now , the futures are Green again pre-market, Are we due for a bounce? Lets look at some charts...
March 9 , QQQ looking for more downside. Notice the yellow dotted line and blue trend line break out
Lets look at the various markets as of yesterday ...
I Love Bases
A Lesson On Long Strong Base:
I did a report in the past about how much I love being able to trade a well formed base. The report was highlighting LONG tight bases, they can be explosive. They stand out to me because in the past I have had such huge %-Gainers when stocks broke out of them. Do they always work? No. To be honest, I have entered some that also just bounced around and bored me to death, and some have even broken down due to bad earnings or an FDA rejection of their testing, etc . The Idea is that you buy near the supporting lows, so if it drops you get stopped out with small losses,. If it breaks out higher, the upside has huge potential.
Let me show you some examples of trades that I worked on this site before it became a premium site. With the Ebola scare, I noticed that many of the Ebola play stocks had formed good bases. APT, LAKE were 2 that I bought at support in the bases.
