Entries by Alex - Chart Freak

Things Are Popping

March 22, 2015 /32 Comments/in /by

As expected , the Fed Mtg Wednesday caused  several areas of the market to really start popping. There is so much to cover this weekend, so lets get right to the  (29!)  charts...

 

Starting with IWC - As pointed out over the past several weeks, This is a bullish looking set up

IWC WKLY

Another Bullish looking set up is he following chart...

 

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Could Energy Still Be In A Bottoming Process?

March 19, 2015 /2 Comments/in /by

In this past weekends premium report & again on Monday March 16th,  I  posted developments that we had been watching In OIL/ENERGY /METALS.  I am going to share a small part of those reports here with you , and let you draw your own conclusions. MANY went short OIL this week .  The Wall Street […]

POST FED GREEN LIGHT

March 19, 2015 /51 Comments/in /by

If you were watching the markets yesterday, then you may have seen something quite interesting from about 2 P.M. onward as the  FED information was released.  It looked like this at a casual glance....

USD

The $USD  completely wiped out  any gains from Jan 22 onward in very short order. Oh these fickle markets ...

 

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Waiting On The Fed Again

March 18, 2015 /51 Comments/in /by

It's Wednesday and again the FED seems to be adding uncertainty and volatility to the various markets. Lets look at some charts, not too much has changed since yesterdays report.

 

QQQ March 16

QQQ march 16

Here is a different view and how things progressed yesterday, March 17...

 

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A Morning For Focus

March 17, 2015 /35 Comments/in /by

I want to focus specifically on the subject that was my midday alert Monday, but first a quick market overview.

 

SPX - We looked ready to move higher, and we did, but within a possible wedge pattern.

SPX WEDGE

I took a look at the QQQ's and pointed out this...

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BOUNCE

March 12, 2015 /46 Comments/in /by

   Yesterday at 7 a.m. I saw that  the futures for the DJIA, SPX, and NASDAQ  were green, but I said that I expected them to would sell off and close red for the day.  They did. What about now , the futures are Green again pre-market,  Are we due for a bounce?  Lets look at some charts...

March 9 , QQQ looking for more downside. Notice the yellow dotted line and blue trend line break out

QQQ

Lets look at the various markets  as of yesterday ...

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I Love Bases

March 11, 2015 /3 Comments/in /by

A Lesson On Long Strong Base:

I did a report in the  past about how much I love being able to trade a well formed base.  The report was highlighting LONG tight bases, they can be explosive. They stand out to me because in the past I have had such huge %-Gainers when stocks broke out of them.   Do they always work? No.   To be honest, I have entered some that also just bounced around and bored me to death, and some have even broken down due to bad earnings or an FDA rejection of their testing, etc .    The Idea is that you buy near the supporting lows, so if  it drops you get stopped out with small losses,.  If it breaks out higher, the upside has huge potential.

 

Let me show you some examples of trades that I worked on this site before it became a premium site.   With the Ebola scare, I noticed that many of the Ebola play stocks had formed good bases.  APT, LAKE were 2 that I bought at support in the bases.

APT 1 BUY

 

APT was stair-stepping higher and the pullbacks were being accumulated.  Suddenly ...

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Patiently Waiting

March 11, 2015 /52 Comments/in /by

As mentioned in the past, there are times when the markets allow us to see clearly the direction they want to head in  for a sustained period of time, and at other times it's just not that clear.     Often times when the various markets are changing direction, price gets a little choppy.  Entering trades during that period can be frustrating too,  since  even good set ups may work for a day  or two , only to fail the next.  Unless you are a day trader , then that leads us to this conclusion for traders who want to buy & hold positions for a week or two - Sometimes it's a good time to be trading and at other times it's best to just try to be patient.

Futures are currently higher in the DJIA, SPX, and NASDAQ, is the pullback over?

Yesterday , I was looking for a deeper pullback

QQQ

 

Yes, the futures are green, but is it just a bounce?  Notice what I wrote on  the following chart of the QQQ's...

 

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