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

Testing

January 7, 2016 /22 Comments/in Premium /by Alex - Chart Freak

I dont regularly watch CNBC, but I was in the waiting room today and CNBC was on and I actually saw them reporting that North Korea tested a Hydrogen Bomb and caused the markets to sell off. I guess they dont use charts? Was todays sell off sudden and unexpected?

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SPX - We've been discussing it for months here at Chartfreak. This Dec 31st chart showed that the SPX hit the top of its trading range, lost the 50sma, and was likely heading lower into 2016.

Now lets take a look at potential targets...

PUBLIC POST: Embracing The Big Picture

January 6, 2016 in Public /by Alex - Chart Freak

As 2015 started to wind down in December, I began to lay out in my weekend reports a little more of the Big Picture changes that I think we might see as we head into 2016. I decided to post a few of those charts here.

SPX - This idea has been discussed in detail for weeks actually. This is my chart from October 16 weekend report. It continues to take time to see whether this will become a major break down or just a normal correction. Allow these charts from prior reports to point out the weakness that I was seeing as time went on.

Was this just a back test?

The RUT/ IWM / NYC etc were not recovering to former highs with the other markets after the August drop.

So what about other areas of the markets as we move into 2016?

Short Term and Long Term

January 6, 2016 /30 Comments/in Premium /by Alex - Chart Freak

Though the long term views remain the same here at Chartfreak, the short term views do get a bit hazy at times. For Shorter Term Traders, we look for immediate low risk trade set ups, but some shorter term things are a tad unclear. I will show you what I am thinking is likely, but please remember that in times of uncertainty, cash may nor be NOT a bad thing. Patience may even save funds for future trades. 🙂

SPX - As mentioned yesterday, we could be at support but this remains weak looking and even with a bounce we see overhead resistance that should be noted.

Remember that in the NASDAQ I pointed this out...

Shattered Dreams?

January 5, 2016 /23 Comments/in Premium /by Alex - Chart Freak

Day 1 of 2016 was actually what we have been expecting. The question is , will there be follow through?

On Dec 30th , I showed this chart to point out that I had expected a drop in the markets. Look how rapidly the CPCE dropped ( bearish). After yesterdays drop in the markets, the CPCE currently reads .80 - so that can be close enough for a bounce, but the CPCE also could move higher as seen on this chart. That means further downside is also possible today. Lets look at more charts...

SPX - Yesterdays drop did rebound a bit near support, so we may bounce, but this can keep selling off.

Overall this looks weak...

Time For Changes?

January 4, 2016 /64 Comments/in Premium /by Alex - Chart Freak

In recent reports we've been discussing some possible bigger changes in the coming year. Lets review the markets and see if these changes still appear to be setting up as we start a new year.

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2015 was pretty much a sideways year.

SPX, DJIA, RUT, NYA- Posted a yrly loss in 2015. NASDAQ AND IBB posted small gains.

That alone is not signaling a change necessarily, so lets look at a few more things ...

Ideas To Share

December 31, 2015 /21 Comments/in Premium /by Alex - Chart Freak

Since calling the lows in NATGAS recently, it has run straight up. I was asked if I had any idea what may happen next. Lets take a look at this and a few other ideas for the last trading day of 2015.

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Review: This was NATGAS at the lows. I thought we could buy a pullback, possibly on a dip at the 20sma.

The short covering was too strong. NATGAS went straight up to almost $2.40!. Nice move. I pointed out the 50sma as a possible support, and it held yesterday, but let me share 1 more idea.

A new year Approaches

December 30, 2015 /40 Comments/in Premium /by Alex - Chart Freak

As this trading year wraps up, I plan on using the weekend report to discuss some ideas of what we may expect in 2016. We have 2 trading days left this week and then it's on to 2016. Lets review what the charts are saying...

DJIA - So far the Dow has made lower highs since May. We are at resistance and may drop back down to the lower support. If this breaks out and runs to the blue dotted line, it will be the first set of higher highs.

There are several interesting things to look at here...

In Search Of A Catalyst

December 29, 2015 /21 Comments/in Premium /by Alex - Chart Freak

If you are wondering why I chose the above picture, I'll explain that later. Right now we have the markets in limbo, Natgas on Fire , and Precious Metals seem to be searching for a catalyst . Lets do a review...

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NYA - I thought it was interesting that the NYSE looks a tad more bullish than than the SPX or NASDAQ short term. It had a MACD cross higher 2 days ago, while the SPX doesn't (yet). It almost resembles a bullhorn pattern.

Homework

December 26, 2015 /36 Comments/in Premium /by Alex - Chart Freak

Over the past 2 months I have received one specific question about Gold , Silver, and Miners often enough to know that it's important to the readers here. Even though I answered that question in separate emails, I have already done the homework, so why not share it here in the weekend report to benefit everyone? First, a market review...

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SPX - This is the area that I have been pointing out for the markets to prove themselves.

Now a look at the SPX WKLY chart...

Looking Forward

December 23, 2015 /64 Comments/in Premium /by Alex - Chart Freak

I'm actually looking forward to the weekend report. This week is playing out as anticipated for the most part, so this weekend I will point out some more of the bigger picture things that I have been looking at.

SPX - This climb is heading towards some resistance. We have Wednesday and a 1/2 day Thursday, do you think this will be able to break out higher on a 1/2 day of light volume holiday trading? Hmmm?

Look at this weekly chart of the SPX ...