Alex - Chart Freak, Author at 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

That Was Different – Weekend Review

October 26, 2015 /60 Comments/in Premium /by Alex - Chart Freak

The Dollar was ripping higher this week and we saw the Markets break out higher too. Oddly enough, Gold, Silver, and the Miners were staying green during that run higher too. That was different. Lets take a look at the weeks action and discuss what we are seeing.

SPX WKLY - This was pretty impressive, I expected at least a pause at overhead resistance. Notice the break above horizontal resistance / Magenta line too ( I will discuss that in a moment).

I had this chart in a report last week, to show that the SPX broke down from a long term channel and may struggle a bit ( Just a Back Test or break back inside?). We are very close to breaking back inside.

So here is what I wanted to look at next...

Was That Smoke & Mirrors?

October 23, 2015 /135 Comments/in Premium /by Alex - Chart Freak

Did you see the Dollar rocket higher 1.38 and not send Gold, Silver, and the Miners to their knees? Silver and Miners actually closed higher, so that was like a crazy illusion. And then AMZN reported a profit and shot up $70 in after hrs, MCD, GOOG, and MSFT are up big in after hrs after the markets already broke out higher today. Lets check out the action...

SPX - The SPX , DJIA, and NASDAQ broke out today, but the BIIB, IWM & IWC lagged seriously.

Slight Variations

October 22, 2015 /76 Comments/in Premium /by Alex - Chart Freak

Did you read my Tuesday report and the Wednesday report? Not much has changed in the way of expectations really. We could say that we are just seeing a slight variation of the same theme.

Wednesday morning I pointed out the resistance above at the close on Tuesday for the NASDAQ, SPX, IWM, etc. Even though the Futures were Green, I thought that we would drop later in the day.

NASDAQ Tuesday OCT 20

The Coin Toss

October 21, 2015 /37 Comments/in Premium /by Alex - Chart Freak

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.

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

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

Mixed Reviews

October 20, 2015 /82 Comments/in Premium /by Alex - Chart Freak

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.

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

Growing Patterns

October 18, 2015 /49 Comments/in Premium /by Alex - Chart Freak

Week in review, lets see how things are growing...

SPX - Are we setting up for a back test and rejection? Or are we about to break through?

Lets look at some clues...

Whats Up?

October 16, 2015 /21 Comments/in Premium /by Alex - Chart Freak

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.

Running

October 15, 2015 /81 Comments/in Premium /by Alex - Chart Freak

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

Now we are getting a little follow through to the downside

This caught my eye however...

Just A Little Change

October 14, 2015 /53 Comments/in Premium /by Alex - Chart Freak

The markets didn't move in quantum leaps yesterday, but there was a little change in how we may want to view things. Lets discuss what stayed the same and what may have changed.

IWM - We saw a reversal at a point of resistance

Moment Of Truth Time?

October 13, 2015 /39 Comments/in Premium /by Alex - Chart Freak

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?

Author Archive for: Alex - Chart Freak