Author Archive for: Alex - Chart Freak

About Alex - Chart Freak

I’ve been a full time trader for well over a decade and began trading in the late 1990s while working in management and sales at a well-known aerospace company. As my style evolved, so did my success, and it allowed me to leave corporate America to pursue my passion and trade full time.

Entries by Alex - Chart Freak

The Dogs Are Lining up.

February 18, 2015 /32 Comments/in Premium /by Alex - Chart Freak

After any extreme sell off takes place and people finish discussing all the reasons why there can be no recovery, it's often a good time to go shopping. Why? When it gets overdone, the bargains can be great %-Wise. Recently while OIL & NATGAS sold off beyond expectations , I noticed that the equities stopped selling off and began building constructive bases. Temporary bottoms or permanent? Its too early to say for sure , but trade-able? Most certainly.

Here at Chartfreak, we have been buying & trading them for weeks now. I want to share some of the charts and ideas that we are again looking at , since I am expecting another leg higher.

OIL Feb 10- Some said "Bear flag" We had been trading energy stocks , and I saw signs that OIL wanted to go higher.

Feb 18 - consolidation/ base building. I posted this chart , I wanted a drop to $49 actually...

BOUNCING

February 16, 2015 /26 Comments/in Premium /by Alex - Chart Freak

After watching various sectors endure some prolonged sell-offs, we've been able to buy near the lows and make some decent gains %-Wise. This does raise a few questions. Are these THE lows? Are these sectors just bouncing from oversold conditions, only to continue lower later with a double bottom or even making lower lows? Lets start off by looking at some "lows"

This is our current chart of OIL

You see definite signs of improvement in this bounce, but I wanted to point something else out just to keep us alert...

FRIDAY – We Have Another Sign

February 13, 2015 /26 Comments/in Premium /by Alex - Chart Freak

The Thursday report covered so much and the weekend report will wrap up the weeks activities, so I dont always feel the need to write a report on Friday. There are actually a few things of interest to note since yesterday however, so I wanted to cover those before the weekend. I'm going to start with...

OIL - As expected, A productive & Trade-able bottom for now. More on OIL in this weekends report.

Moving to the markets ...

3D Is Popping Out

February 12, 2015 in Public /by Alex - Chart Freak

Back in Dec, I noticed some interesting activity in the charts of 3D printer stocks, and pointed it out in my reports. Often after a large sell off, when selling gets exhausted , you get a period of short covering. Sometimes that can turn into a mini rally, but the inevitable pullback is to be expected . What can we look for then? Is there a way to tell if they are a Buy? Lets review:

I noticed a strong high volume POP in VJET

SO I decided to look at other stocks in that sector and see if anything was interesting ...

Did You See It? Traders To Your Stations

February 12, 2015 /37 Comments/in Premium /by Alex - Chart Freak

Did you see what I saw yesterday? I had mentioned in the weekend and daily reports what I was looking for, and by the end of the day I was fairly certain that we got what I was looking for . First lets review the markets and then discuss other sectors.

Again, I had been shorting the Nasdaq at prior highs using TZA, but I stopped last week and pointed out why last wkend...

What do I see now in the NASDAQ, SPX, and DJIA?...

Buy The Dip?

February 11, 2015 /28 Comments/in Premium /by Alex - Chart Freak

At times we sell and stay out, conditions may not be setting up for a low risk buying opportunity. At other times, however, we wait patiently for the trade to come to us and then we Buy The Dips. Are we in that position now? Some sectors are saying, "Yes, you may want to buy the dip!" lets review several sectors first and then discuss what might be setting up as a good long entry. To the charts!...

QQQ - this weekend I said I wasnt shorting this set up anymore at the blue arrows anymore / I saw internal strength

Yesterday we saw this

Here is what I am thinking...

WATCHING INTENTLY

February 10, 2015 /37 Comments/in Premium /by Alex - Chart Freak

My observations in last weeks reports and the weekend report are playing out very well and my recent recommendations in Energy are already up 20 - 40 % . There isn't much to add, but we are watching how things unfold to try to see whether we have further upside in some sectors, reversals in other sectors , and so on. This helps us to see where our opportunities may arise in the future. To the charts....

I expected a turn down, but wasnt shorting it this time

Why wasnt I shorting it this time? ...

Learning Obedience ?

February 8, 2015 /37 Comments/in Premium /by Alex - Chart Freak

I have learned over the years that you never win when you try to tell the markets what to do. It is best to be patient and listen to what the markets want to do... being patient and less forceful can help keep one from getting bitten . With that in mind, I have a lot to look at in the weekend report, Equities, Natgas, Oil, Energy stocks, Gold & Miners , etc so ...To The Charts!

After shorting the trading range a couple of times at the tops with TZA , I posted this Friday Morning

I wanted to watch things here and even though the markets did reverse into the close and started to head down, I still didnt take the short side. Let me show you why...

FRIDAYS- WHATS COOKING?

February 6, 2015 /19 Comments/in Premium /by Alex - Chart Freak

Friday , one last day in the trading week. 'Friday reports' are often not necessary, unless something has changed. For the most part , Tuesday ,Wednesday, and Thursdays report still apply , but there are a few noteworthy developments , and today we have JOBS REPORT FRIDAY , released at 8:30 A.M. Eastern time , so let me just cover a few things.

I posted this yesterday

I had been shorting the blue arrows and selling 1/2 at the lows. It was fun while it lasted , but I said I was closing that position, some things looked different...

Watchful

February 5, 2015 /22 Comments/in Premium /by Alex - Chart Freak

The website went down and my apologies for this report being released a little late, thank you for your patience! I had so much to cover, so I am going to try to write less and allow the charts to speak for themselves, feel free to ask questions in the comments section if you need my help...I will be available on & off today. To the charts...

QQQ - Same ole same ole.

I had been shorting the top ( adding TZA) and closing half at the lows, also watching the 50sma. I closed out this position , but may add if we reverse & drop lower again. It is still unclear which way this will eventually break, here is why...