Entries by Alex - Chart Freak

The Ups And Downs…

October 8, 2015 /149 Comments/in /by

The saying ,  "What goes up must come down"  is true within Bull and Bear markets. Lets take a look at what is going up and what is likely to come back down, keeping in mind that the FED MINUTES are to be released later today.

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I drew this last week to show that I expected the SPX to move up to the purple line

SPX WKLY SIMILARITY

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Gusher

October 7, 2015 /100 Comments/in /by

The Oil and Energy Stocks were leading the way with their recent bullish activity. As pointed out yesterday, the XLE broke out from a downtrend and was probably signaling that OIL was about to follow. Quite a few of the stocks were up 20 - 30% in 1 day yesterday! We'll discuss more about the potential here in a moment, but first lets review the rest of the market action.

SPX-   Resistance is overhead.  A pause below the 50 sma may be building energy to break higher, and a break above could see buyers rush in and push it higher.

SPX 10-6

Why is it possible that this resistance wont hold it back?...

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The Runners

October 6, 2015 /84 Comments/in /by

Yesterday we saw some of the Energy and Mining stocks running swiftly. There are some small bases that have formed in the past few weeks, and now they may be starting a small leg up. Some had Gains of 20 % in one day, which could just be a mix of short covering and a little buying, but they may still continue higher.  We'll take a look at some individual stock set ups like the one below.

SGY - A break above the 50sma, we see a possible Inverse H&S forming.

SGY

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The Real Deal?

October 5, 2015 /69 Comments/in /by

We discussed abnormal cycles in the markets in the last 2 reports, and I want to finish that discussion in the Gold report today. First lets review the other sectors and then we'll see whether or not the moves in Precious Metals are likely to be a few more false starts, or closer to the real deal.

My SPX chart from over 1 month ago is playing out nicely. I expected a test of the lows and a test of the break down as shown here.

20015 Topping SPX

SPX -  Sept 29 we got the test of the lows as expected. Now we should see a reversal higher.

SPX 9-29

SPX WKLY - We got that reversal as this week ended and I expect the SPX , DJIA, QQQ, etc to run higher.

SPX WKLY SIMILARITY

This is what I'm expecting next...

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Abnormal Cycles Part 2

October 2, 2015 /19 Comments/in /by

Part 2 of this mornings Gold report. I'll start with 2 charts that I pointed out  recently in premium reports and in the public post yesterday, indicating some bullishness in the miners...

ABX 9-30

Sept 30 -  GDX buy above the blue line and confirmation above the green dotted line .  We are currently seeing that today  ( we need to close that way)

GDX vs GLD 9-30

Why was this important? Using only Cycles, the volatile  movement in Gold and the Miners was causing concern and looked ready to fail.  While using some of the indicators that I have developed to monitor internals at the lows,  I was still seeing bullishness in a number of ways and technical analysis was also leaning toward bullishness, as seen above. I dug a little deeper to try to reconcile the differences and came up with this...

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Have You Been Trading Metals & Miners?

October 1, 2015 in /by

Have you been trading Gold, Silver, or maybe some of the Miners recently?  They have been quite volatile lately, with many good traders being stopped out and frustrated. I was recently stopped out last week, when some miners did a false break higher above their 50sma, only to turn down and close below the 50sma […]

Got Pain?

October 1, 2015 /68 Comments/in /by

The market volatility has been whip sawing people left and right. What used to look like the perfect set up falls apart in just a day or two, so having  'stops' in place has been very important. Lets take a look at the markets and then review some very interesting things that took place in the Metals and Miners area today.

 

SPX-  This bounce was expected.

SPX 9-30

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Time Decay

September 30, 2015 /125 Comments/in /by

It's time to discuss decay in the Oil and Metals markets, but first lets do a review of the equity markets.

 

SPX- This was Sept 15. I have been saying since August that I expect the lows to be tested sooner or later.

SPX 9-15 2

 

We see that happening now, so what next? ...

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Does It Fit?

September 29, 2015 /125 Comments/in /by

Crazy action in the markets today.  Some of it was expected, but some of it doesn't seem to fit. Lets take a look.

IBB - Really taking it on the chin lately. This is a weekly chart and todays volume was massive.

IBB 9-29

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