Entries by Alex - Chart Freak

Pass The Draghi Juice Please

January 23, 2015 /20 Comments/in /by

Did you see the $USD? Did you see the QQQ's?  Did you see $Gold?  Looks like "Happy days are here again" ?  Well the markets certainly did react strongly after the ECB announcement, but will it last? Can it last?  It really raised more questions than it answered, so lets look at some charts.

 

SPY -  Which was struggling below the 50 sma got a bit of a boost yesterday

sp y

 

In some ways , the 3 Q's looked even a bit better...

 

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In My Opinion, Its Back To Learning Patience

January 22, 2015 /24 Comments/in /by

Many times when  markets move , they are often setting up for the next trade.  As things are setting up , Its not always possible to tell if the set up is Bullish or Bearish.  I have mentioned here what I am seeing in the markets, but with the ECB meeting taking place and the results of that meeting not being released until  (supposedly) 8:30 Eastern time,  the goal is patience.  Often traders & investors dont realize that over trading can cause one to slowly give back the  gains recently made.  So while we need to invest to make money,  we also need to learn patience to be able to avoid knee jerk reactions and head fakes.   While we wait....Quick review.

 

NOTHING has changed with the SPX,QQQ,DJIA, etc

SPX JAN 21

Like yesterdays report 'Groundhog Day" mentioned,   as time goes on, not much has changed.  One thing I did notice is...

 

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Groundhog Day

January 21, 2015 /33 Comments/in /by

I feel like I'm living in that movie Groundhog Day, where you wake up and though some things continue to change, its just a repeat of yesterdays events.  The equity markets moved a bit , but its the same old movement, and leaves me with the same conclusion.  As for GOLD & Miners,  NATGAS, and Oil? I am expecting changed  that I will discuss  here.

First lets look at the SPX as of yesterdays close

SPX JAN 20

You can see that we are getting the same movement as expected and ...

 

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SILVER AND GOLD

January 20, 2015 in /by

Here at CHARTFREAK.COM,  we have been all over the buying of Miners and Metals related positions for many weeks now .   Since pointing out the lows in Gold in Early Nov, some miners have gone up over 100% .  It has been profitable,  but Some were a little concerned about SILVER lagging.  What did I think […]

So Much Going On, It’s Hard To Know Where To Start – Dizzying!

January 19, 2015 /30 Comments/in /by

I've started this report a few times and there is so much going on, that I found it difficult to explain everything that I see, so I'm just going to cut to the chase and try to show basically what I am observing in various markets and what the possible implications could be.  Lets start again with the general markets.  SPX, QQQ, DJIA in JANUARY are still unfolding  as I thought they would way  back when I posted this  in DEC. I saw weakness increasing

SPX dec 28

Our expected sideways consolidation continues before a directional move takes hold. We look for weakness or signs of strength going forward,  to see if this is going to resume as bullish or bearish  (short?)  Here is what I'm seeing...

 

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Hanging In There?

January 15, 2015 /34 Comments/in /by

Volatility is here and the markets are rocking and rolling.  If you have been reading my thoughts here,  you know which ones are 'Buy the dips' and which are not.   Lets review.

 

I said that I was interested in this , for one thing. A break above 22 would be 'Interesting' to say the least. Do you know where we are now?

VIX

 

Well, the markets gapped down big yesterday and  and thus Vix gapped open to 24 recently and then sold off back under that line to $21.50 yesterday .  Is that the end of it?

 

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Was That A Curve Ball?

January 13, 2015 /22 Comments/in /by

Judging by the intensity on that pitchers face?  I'd say he's throwing some heat, maybe a fastball.   When it comes to Metals and Miners , however, I think many  were  fooled the recent action  and in that case  you may hear them say,  "It really  threw me a curve ball! "   Understandably , the past few years in Metals and miners have been ugly for the bulls, but there were definitely a number of factors that helped us here at Chartfreak to navigate the recent lows, and identify that this was NOT a break down.   Its slowly  becoming clearer to all that  Miners were telling the story and Metals were not forming a bear flag as some suspected.  Metals have been  putting in some constructive lows.   The move higher might become rather swift  at this point too , and I'll show you what I mean in this report, but the real question is... Are these rallies going to last?  Or should we be alert to future downside?  We'll address that too.  To the Charts!!

First the general markets. please read this chart .

VIXY

 

Not much has changed in my thinking about the possibilities for the general markets going forward, lets review...

 

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Miners Are Acting Correctly

January 12, 2015 /9 Comments/in /by

I posted for  the public blog in Nov & Dec many times that I was expecting a strong move in Metals and Miners. It was Very unpopular and many were ( Understandably) quite nervous about entering and holding any positions, especially over the weekends.  Others doubted the idea all together.  In the premium strategies section of this site, I have been recommending Miners  with proper 'Set ups' that were projecting strong  moves  higher and I was also giving strong reason in both Nov & Dec that  buying  then would pay off going forward.  Bases were being built and could move up at any time.   Still, it wasnt easy back then at the lows.

Some Miners have done very well since then.  People are gaining confidence that maybe the move could be profitable for them too .  Let me show you what we here at chartfreak have been looking at.

 

IAG , CDE , HL, AG  were just a few that were  recommended early on .

IAG ran from $1.40 to $2.50 and  consolidated for a while.  It ended up moving 100% off of the lows already.   Last week it pulled back and reversed at the 10sma.  These leaders are looking  good and acting correctly , which adds confidence to our holding positions.

IAG JAN 12

To further add confidence to the possible moves, lets review another set up recommended here .

 

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