Hanging In There
Not a whole lot has changed in the markets since yesterday, but you'll see that they are still "hanging in There' for now in many ways. To the charts...
NASDAQ remains in a range-
Author Archive for: Alex - Chart Freak
Entries by Alex - Chart Freak
Market Observations
I wanted to take this time and just share a few charts that I have presented to my premium members in various premium reports last week. Of course as time moves forward , charts can morph and change , so we keep our eyes on things as they unfold. Currently, however, things are still playing out as expected.
March 24 NASDAQ - I was pointing out a wedge pattern. They are bearish if they dont surge higher and break the pattern before reaching the apex.
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Stacking Up
I really like the way things are stacking up, it seems that some nice opportunities are approaching. Lets look at some charts and you'll see what I am talking about.
Unanswered Questions
Things seem to be playing out as expected, but that still leaves a few unanswered questions longer term. Lets look at some charts...
$USD - the pullback has acted exactly as expected (So far)
The weekly chart of the Dollar has been very strong...
Observations
Often my Thursday report covers Thursday and Friday, leading into the Big Weekend Report, but a lot happened today, so I wanted to put out a Friday report. After a large drop Wednesday in SPX, DJIA, NASDAQ, IBB, etc , I felt we were right on target with the series of charts showing the Wedge Pattern, but were we about to slam right through it and break down? It looked it ...
Today, we saw this in many markets...
Nice Reminders
We re-entered Energy/ OIL stocks for a while waiting for Oil to POP. It really popped yesterday and overnight too, thats a perfect reminder that patience pays off if you're looking at the charts correctly. Gold & Silver Popped overnight and we'll discuss that, there is a Bullish and a Bearish Scenario that I have been pointing out and believe it or not, both are still possible. Then I have one more important reminder to point out. Lets get to the Charts...
This was my NASDAQ BEARISH WEDGE - from yesterdays report
This is the NASDAQ chart after yesterday...
SEARCH FOR CLUES
Lets discuss the overall markets and then I'll tell you why I am looking for clues...
QQQ - Not much has changed, this takes time to play out, this was March 23
So we look at what happened since then...
Still A Wedge?
Not a lot has changed since the weekend report, so lets just look at some charts...
March 20 - The NASDAQ looked due to pullback
SO did it start to pullback, and if so, how far is it likely to do so?
Things Are Popping
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
Another Bullish looking set up is he following chart...
Could Energy Still Be In A Bottoming Process?
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 […]
