Entries by Alex - Chart Freak

The Coin Toss

October 21, 2015 /37 Comments/in /by

Many sectors of the market look ready to break one way or the other. Can we gain an edge as to which way they will go, or is it just a coin toss? Lets take a closer look.

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This was the NASDAQ at the close on Monday. It was pushing against resistance in various forms.

NASDAQ 10-19

Notice what seems to have showed up by the close today...

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Mixed Reviews

October 20, 2015 /82 Comments/in /by

Mondays show opened up to mixed reviews.

SPX -  SO far we have seen a nice move up from the double bottom lows, but there is some resistance slightly overhead.

SPX 10-19

So here is where the reviews get a bit mixed...

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Whats Up?

October 16, 2015 /21 Comments/in /by

I'll tell you whats up. The SPX , DJIA, NASDAQ, IBB, IWM, SOX, USD, OIL, OIH, XLE, SILVER,  all closed higher and GOLD & GDX were for  up for most of the day too.  Yes, it was Green just about everywhere except for NATGAS.  Lets discuss the points of interest.

This is basically what the SPX, NASDAQ, DJIA, IWM, etc.  all looked like.

NAZ 10-15

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Running

October 15, 2015 /81 Comments/in /by

Some of the 'set ups' mentioned last week are running now, other stocks that ran recently have pulled back and may be currently setting up to make another run higher.  Lets discuss this after our market review. Something interesting may be happening there too.

From yesterdays report, we saw this in a few sectors

IWM 10-13

Now we are getting a little follow through to the downside

IWM 10-14

This caught my eye however...

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Moment Of Truth Time?

October 13, 2015 /39 Comments/in /by

I was a little surprised to see the dollar down and also see the $CRB, $GDX, and $OIL down too.  They've all had nice moves out of their lows, and now it looks like it may be the moment of truth. Time to see if it was just another bear market rally or could it be the start of something more?

WTIC - From the weekend report. I had been expecting the 200sma to offer resistance and a quick dip lower.

WTIC DAILY 10-9

There are a couple of other factors in play that I am watching too at this point.

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Lets Look At The Big Picture

October 12, 2015 /73 Comments/in /by

Every now and then I like to step back for the weekend report and take a look at the Big Picture. I have been reporting for months that I see big picture changes in many sectors starting to take shape.  Lets see if they are advancing or falling apart.

The SPX is approaching resistance. Will it halt the rise, or possibly just give it a pause like we saw in 2011?

SPX WKLY 10-9

Lets look for some clues...

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Base Jumping

October 9, 2015 /12 Comments/in /by

In the premium reports, we've been looking at bullish bases in the Energy and Precious Metals sector lately . Very quickly  they are jumping making some strong moves %-wise.  Explosive gains actually.

For example, this was SGY when I pointed it out.  It ran from $4 to $7 in August/September and then pulled back after hitting resistance at the 50sma, forming an inverse H&S.  When it broke above the 50sma , it was a buy around $6.

SGY

SGY  - 3 days later and it is nearing $10.  Thats $4 to $10 in about 1 month. 

SGY 10-8

EXXI is up 150% in 7 days!

EXXI 10-8

These are obviously getting extended and may be due for a pull back.  That means that it is best to look at other bases that are currently set up, and try to front run some Base Jumping...

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Running The Bases

October 9, 2015 /110 Comments/in /by

We've been looking at bullish bases in the Energy and Precious Metals sector lately. Very quickly  they have been making some strong moves. Explosive gains actually.

For example, this was SGY when I pointed it out.  It ran from $4 to $7 in August/September and then pulled back after hitting resistance at the 50sma, forming an inverse H&S.  When it broke above the 50sma , it was a buy around $6.

SGY

SGY  - 3 days later and it is nearing $10.  Thats $4 to $10 in about 1 month. 

SGY 10-8

EXXI is up 150% in 7 days!

EXXI 10-8

These are obviously getting extended and may be due for a pull back.  That means that it is best to look at other bases that are currently set up, but not extended...

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