Here at Chartfreak, we have always discussed the day to day market movements, trade set ups, and the bigger picture where things seem to be heading as time goes by. So in this weekend report, lets discuss the various sectors of the markets again, short term and the Big Picture scenarios. . SPX QUARTERLY – […]
The Jobs report was released and I dont really see anything that I didn’t expect at this point. Since it is the last trading day of the week, I’m just here to do a quick review. . SPX – This was the chart in the Thursday report. I expected a pullback with that toppy candle […]
The various sectors of the markets have been a bit tricky to identify strength-wise in the short term. I’ll show you what I mean… . SPX – With this set up, I wondered if we saw an Early dcl. We had the trend line break and a move below the 10sma. If THAT shallow […]
I heard that Janet Yellen had lunch on Tuesday and spoke quite a bit about…never mind, lets just say that she spoke quite a bit. Some things that I heard seemed to contradict other things that she said, but we see from the moves mid day onward, the markets received it positively. There are some […]
Monday saw many areas of the markets doing pretty much what was expected, pulling back, consolidating, and just plain ole bouncing around. .
Lets discuss what I think we are going to see going forward from here. Just like we have seen in the past, it will NOT be a straight move in one direction, I expect volatility along the way. The above picture helps us to see what to expect 🙂 . SPX– After a nice multi […]
The markets have a way of maintaining themselves, and that is through corrections. I believe we have started a few ‘corrections’ now. Any pain from these corrections should be short lived this week, since the markets are actually closed Friday in the U.S. Today is the last trading day of the week. Lets take a […]
If you’ve heard of 3D Printers, raise your hand. Not a whole lot changed in the markets Tuesday, so after a quick review, this is one area that we’ll discuss today… . SPX – No Change in my outlook from the past few reports. I expect that this daily cycle is topping.
Markets rally, Markets drop, and markets reach turning points. We discussed this in the premium side of the weekend report. Lets look at a couple of the areas that we discussed Sunday March 20th. . SPX – Whether the recent run of lower highs and lower lows started a bear market or not, I still […]
The weekend report discussed Turning Points. Though I have laid out my big picture expectations, I also mentioned that at turning points it is important to continue to examine clues from an unbiased view point. Sometimes subtle changes at turning points can either alter the bigger picture or confirm it. I discussed a few changes […]
