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

Low Liquidity

January 2, 2015 /16 Comments/in Premium /by Alex - Chart Freak

During times of low liquidity, it's easy to rock these boats back & forth , but it's not always easy to get them sailing smoothly in the intended direction. When the tide rises , or the flow of liquidity returns, however, they can begin a journey of smoother sailing . During weeks of holiday trading, its similar in the markets. low liquidity can cause volatility and rock things back and forth, but it's not always clear which direction things really want to flow.

Today is January 2, and it's the first trading day of 2015, but I'm not so sure that the liquidity will return until next week. Until then ,we may have more volatility and things may not look very clear, but there are some interesting developments to look at. As I write (Pre-Mkt) Futures are up nicely for the DOW, SPX, and NASDAQ, while GOLD shot down to $1169 , Silver is down .10 , and OIL has dropped to new lows. The $USD is again strong, up to $90.85! I still think next week will clarify the true direction of these markets, but notice this...

The dollar is at new highs in Pre-Mkt at almost $91., yet Even with the continued Dollar strength...

QUICK REPORT

December 31, 2014 /14 Comments/in Premium /by Alex - Chart Freak

Just a quick run through since we have just 1 trading day left in 2014 and it 'Should Be' a light volume day , since many will be leaving early to prepare for any evening activities. I'll start with QQQ. I posted his chart yesterday and said it looked like we could are stalling and could begin to pullback...

This is what happened Tuesday ...

Hot Air

December 30, 2014 /22 Comments/in Premium /by Alex - Chart Freak

When I think about the markets right now, it is Dec 30and we have 2 full days left for the markets to trade in 2014. I'm thinking that we are seeing a little hot air balloon action, where things just keep floating higher on light volume. Maybe people dont want to sell now and have to pay taxes this year on their recent gains, but what will they do in January when they can take some profits and not have to pay taxes on their gains until 2016? Will they lock in some gains?

Lets take a look at the SPX

Notice how we hit that upper trend line this summer in JUNE and just rode it higher for a couple of months, will we do that here? ...

Time Is Just About Up

December 29, 2014 /18 Comments/in Premium /by Alex - Chart Freak

Using cycles for 'timing' various sectors of the markets helps us to anticipate when we can expect a possible turn to take place. True, you get a little leeway of maybe plus or minus a few days, but sooner or later, we reach the end of that time period. It seems that we are rapidly approaching the point where it is Do Or Die time. Each day that passes this late in Cycle timing brings us closer to the point where we begin to see clearly how things are going to unfold. As usual, I have about 20+ charts , and at this point I'd like to start with-

GOLD - With the $USD at new highs, GOLD hasn't been hammered down to new lows as one may expect.

I posted the above chart in my public report, but it still leaves questions. Was that a bear flag that would just break down?...

Is It For Real?

December 27, 2014 in Public /by Alex - Chart Freak

( This post was written Friday a.m. Dec 26)

Have you ever seen those artists that do 'Chalk Art' along the sidewalks of public streets? They amaze me and at times you just cant believe your eyes. I find myself asking ,
"Is what I am looking at real?" Well lately, many are saying the same thing when they look at the Gold / Silver markets. I have been reporting since Nov 5th & Nov 7th that GOLD was putting in a meaningful low (At least a temporary one). See my Nov 5th report here - http://www.chartfreak.com/afraid-alert/

Looking at the chart of GOLD , you can see that the Nov lows have held and this is with the $USD at new highs!

$SILVER also has shaped up nicely in the past couple of months ...

ENERGY (And A Touch Of miners Update)

December 24, 2014 /12 Comments/in Premium /by Alex - Chart Freak

Just a quick post today to show you what I will be watching at the close on this 1/2 day of trading, and also what to look at Friday morning when the markets resume trading. It is noteworthy that OIL sold off again today and OIL is heading back to its lows. Bear Flag?

It's certainly possible that OIL undercuts recent lows. It almost did that today, but notice this ...

Oh That Light Volume Trading

December 23, 2014 /14 Comments/in Premium /by Alex - Chart Freak

We had a little bit of selling & volume in The miners today , so instead of a morning report Tuesday, I wanted to post some thoughts tonight. I started getting some questions about things as the day went forward. Nothing wrong with that, it is expected. I had mentioned possibly seeing light volume holiday trading and by noon, we had some selling in Miners. I posted this chart Mid-Day before the selling really started to escalate, to point out some similarities to a prior sell off .

Selling increased from that point on, so what Now?

Lets take a closer look at all things cycles and technical analysis ...

Thinking

December 22, 2014 /7 Comments/in Premium /by Alex - Chart Freak

I just wanted to post this before the close

Not Much Has Changed

December 22, 2014 /15 Comments/in Premium /by Alex - Chart Freak

This week is usually a lighter volume / traders going on vacation - holiday week of trading. Not much has changed from Fridays report. Things really have to play out further to confirm our expectations or to change them. In other words...not much has changed. We experienced another peoriod of selling similar to what we had in Oct. Many twondered if the Sell off would end the year ugly and then suddenly , right on time ...

QQQ wkly

Its a strong reversal on a weekly basis and take a look at the next chart...

Its Triple Witching Friday

December 19, 2014 /16 Comments/in Premium /by Alex - Chart Freak

Today is triple witching and that can increase volatility and volumes. The first hour tends to see the volatility, and by the last hour the total day volume increases become evident. If you are long the markets , you'll be happy to know that usually there is a bullish bias to Decembers triple witching activity. Nothing is guaranteed, so We'll have to wait and see.

SPX hit that lower target and reversed as seen here

As shown yesterday on the charts that I had drawn up for QQQ, IWC, IWM, RUT and so on, these markets are being bought at targets as that BUY THE DIPS mantra continues