Entries by Alex - Chart Freak

I Love Bases

March 11, 2015 /3 Comments/in /by

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.

APT 1 BUY

 

APT was stair-stepping higher and the pullbacks were being accumulated.  Suddenly ...

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Patiently Waiting

March 11, 2015 /52 Comments/in /by

As mentioned in the past, there are times when the markets allow us to see clearly the direction they want to head in  for a sustained period of time, and at other times it's just not that clear.     Often times when the various markets are changing direction, price gets a little choppy.  Entering trades during that period can be frustrating too,  since  even good set ups may work for a day  or two , only to fail the next.  Unless you are a day trader , then that leads us to this conclusion for traders who want to buy & hold positions for a week or two - Sometimes it's a good time to be trading and at other times it's best to just try to be patient.

Futures are currently higher in the DJIA, SPX, and NASDAQ, is the pullback over?

Yesterday , I was looking for a deeper pullback

QQQ

 

Yes, the futures are green, but is it just a bounce?  Notice what I wrote on  the following chart of the QQQ's...

 

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Peace Of Mind

March 10, 2015 /40 Comments/in /by

There are times in the markets when the next short term direction is a little hazy, though the longer term view seems fairly certain.  Lets face it, when one is invested , any uncertainty  can cause one to get anxious while holding positions, especially if there is any volatility. So what can be done to find peace Of Mind under such circumstances? Lets review the various markets and then answer that question.

QQQ- The 1st target in the Nasdaq was met  ( 5000) , and now a  drop is likely.

QQQ

The Nasdaq has plenty of room to drop, even just to "test" the recent break out, but notice the SPX...

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MIDDLE GROUND

March 9, 2015 /22 Comments/in /by

We may need a little more information to know the short term direction in various sectors, since the markets all seem to currently be somewhere on Middle Ground.  Lets take a look at a few charts and you'll see what I mean.

This was the NASDAQ March 3rd -  1st target met - a possible pullback to test the break out or 50sma

NASDAQ march 3

This was the NASDAQ Friday ...

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Look – A Pile Of Dots!

March 5, 2015 /42 Comments/in /by

Sometimes people can look at the same thing and see something different than someone else. That is understandable , since we all have different experience in life and different ways of looking at things. When looking at charts , experience and training your eyes to look for certain things  can be helpful in seeing what others may not. So is the above picture  just a random pile of dots? Or is it a runner in action? The answer may depend on your focus or how closely you look at it. Lets look at some charts...

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SPX- the markets have been resisting the pullback. I posted this yesterday

SPX march 2

Is there anything noteworthy in todays chart of the SPX?...

 

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Whats In A Number?

March 4, 2015 /51 Comments/in /by

Whats in a number? I dont know, but I had mentioned back in mid Feb that the NASDAQ may pullback and could even test that break out , but probably not until it tags the big round number 5000. Why? Apparently, It's just part of the game 

NASDAQ FEB 23

NADAQ MARCH 3

NASDAQ march 3

SO are we about to pullback 200 points to test the break out, or ride the 10sma again?...

 

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What’s On The Radar?

March 2, 2015 /2 Comments/in /by

If you've been reading my posts here for a while, then you know that we caught some large Moves in Miners Dec through Jan rising out of their bases.  When that move topped out, we switched to Energy from the end of Jan through Feb. While OIL sold off relentlessly, many of the energy stocks were forming sweet looking bases ( please see prior reports if you are new here.   ).  With both of those sectors,  I have also kept an eye on  the SPX, NASDAQ, NATGAS, etc.    So what has caught my attention lately?

On Feb 24 -  I called a likely temporary bottom in Gold using the charts below.

GOLD is in a squeeze with spikes along the bottom. This is a bullish set up

GOLD FEB 24 2

This next chart showed that  GOLD was  on a supporting trend line...

 

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Lets Wrap It Up!

March 1, 2015 /34 Comments/in /by

Since I have 32 charts in this wkend report, lets just get right to  the weekend wrap up and discuss future possibilities, shall we?

Feb 25 - I felt that the NASDAQ  is close to a 'rest' here or near 5000, and then pull back.

NAZ Feb 25

Does that mean it's done and going to fall apart, or just a small pullback, maybe even sideways move ?...

 

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