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 […]
It doesn’t matter whether markets are rising or falling, sooner or later, they hit a turning point. We have a lot to discuss this weekend regarding those turning points, so lets dig right in… . SPX – Whether we started a bear market or not, I still expected a strong rally when we were at […]
Quad witching can add volume and a little volatility to the trading day, so I just wanted to do a review of the markets and discuss a few trades. . Let me start with the IWM this time. I actually like this set up for a run to the 200msa. We’ll see if Quad witching […]
In the premium section of chartfreak, we’ve discussed using Low risk entries to take a position in a stock, but what makes them low risk? Lets take a look at a couple of examples. . First, we have been trading sectors that looked to have bottomed recently after seriously selling off . They give evidence […]
Nobody wants to take unnecessary risks in the market, but the saying “Nothing ventured, nothing gained” applies too. So you have heard me mention looking for “Low risk entries”, but what is that? It is timing an entry where the risk to the downside is minimal, and the gain on the upside outweighs it. We […]
It’s Fed Wednesday, and so far there is no real change here, going into that decision. SPX – No real change in this chart, but there may be a change of character. We have the Fed decision Wednesday and Quad witching Friday to pop this above the 200sma, or drop it down to maybe […]
The short term trade set ups seem pretty clear, but with that Fed Wednesday Meeting rapidly approaching, the end of the week could host a number of reactions. Lets see how things are currently unfolding . . SPX – This bearish wedge was forming last week (March 9 chart). The SPX did drop quickly and […]
Well, after several weeks of good trading , it appears again. Yes, I’m taking about that Elephant in the room – only this time things He’s levitating as we head into the Fed Mtg this Wednesday. Lets take a look at our markets, keeping in mind that we do have a Fed Meeting this week. […]
Quick update on the Pullbacks… SPX – Remember that Wedge from March 9 below? I still expected it to run to the 200sma , and then a drop to the 50sma in a 1/2 cycle low. SPX – The 2 spike down days could be changing the way that lower trend line looks. The SPX […]
Have you ever noticed that when we are waiting to see if a pull back presents a buying opportunity, it feels like price just drips down in slow motion day after day , no matter how sweet it looks? I’m feeling that now 🙂 Lets review the markets and then check out a few areas […]
