Entries by Alex - Chart Freak

Free Falling

November 5, 2015 /55 Comments/in /by

Count the Green days vs the Red days in Gold for the past 2 weeks, and you could say that it has been in free fall for a bit. We'll discuss that after a market review. 

 

The SPX has been moving rapidly higher and recovering from the August - September  sell off quickly. Since the former highs could offer resistance, we may see a drop with the jobs report .

SPX 11-4 b

Now I want to show you a chart of the SPX that really looks like a drop could come soon.

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Energy Bull?

November 4, 2015 /44 Comments/in /by

I want to discus a few things in todays report, and then I will have a small ton of charts & Set ups in Energy and Commodities.  I will start with the markets and their nice run higher lately. I did mention that the IWM, TRAN, and the IBB  looked to be lagging a bit.   IWM had a bullish set up and popped higher, but it hit another short term resistance area. I wanted to see a pop higher if it is going to possibly play catch up. 

This was the IWM at that point on Oct 30.  I expected a break higher.

IWM 10-30

IWM Nov 3 -  We got he break higher ( Note: We may back test that break soon). 

IWM nov 3

Lets look at the NASDAQ before we discuss Energy, The CRB, & The Precious Metals...

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Reversals

November 3, 2015 /69 Comments/in /by

We had some nice reversals in certain sectors today, so I wanted to share a few ideas here with that in mind.  Some ideas are Bullish , and a few cautionary notes in there too. This is your Tuesday morning report a tad early.  🙂

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Action And Reaction

November 2, 2015 /56 Comments/in /by

It was a Fed Week and the Action (or lack thereof ) and reaction were somewhat expected. Lets look at our week in review. 

Thursday I mentioned that I found it surprising that the USD & CRB were both moving together Post Fed.  Was one faking it's move?

USD 10-28

CRB 10-28

Now lets take a closer look...

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Riding The Dips

October 29, 2015 /42 Comments/in /by

As expected, the Fed Mtg on Wednesday certainly gave us some dips to work with. We saw both strength and weakness as a result.

SPY -  This was a tough dip to ride 'real time', but the markets closed back at the highs.

SPY 10-28

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Hang On Kids- Its Fed Wednesday!

October 28, 2015 /73 Comments/in /by

What can I say here when we all know that charts could be quite different after the Fed Mtg on Wednesday? Lets just review some expectations.

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The SPX, Dow Jones and NASDAQ  have recovered nicely from the summer sell off, but a few areas have yet to catch up  (If they are going to). I showed this rather bullish looking set up yesterday, but...

IWM 10-26

Today the TRAN , IWM, and IWC  sold off nearing the close. Is it a fake sell off or is smart money heading for the exits Pre-Fed? Lets take a look...

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$NATGAS – Public Report

October 27, 2015 /1 Comment/in /by

I’ve been hearing a lot of talk about the  NATGAS plunge.  It has dropped roughly from $3.00 to $2.00 since May!  It’s bouncing today , so I wanted to take a look at a couple of charts and point out to members in the premium report this morning what we have before us technically. I […]

Ready To Run?

October 27, 2015 /51 Comments/in /by

Not a whole lot has changed since my Weekend report. This is a week with a Fed Mtg on Wednesday, and I dont usually expect a lot of action until the deed is done.  My weekend report covered  a couple of different scenarios going into the Fed Mtg, so lets see how things played out on Monday.

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$USD -  2 left translated cycles and then a strong surge higher with news from the ECB & CHINA last week. We are pausing at resistance.  Is the USD waiting on the Fed?

USD 10-26

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That Was Different – Weekend Review

October 26, 2015 /60 Comments/in /by

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). 

SPX WKLY OCT 23

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.

SPX 10-22

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

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Was That Smoke & Mirrors?

October 23, 2015 /135 Comments/in /by

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...

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

SPX 10-22 2

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