Entries by Alex - Chart Freak

ENERGY (And A Touch Of miners Update)

December 24, 2014 /12 Comments/in /by

Just a quick post today to show you what I will be watching at the close on this 1/2 day of trading, and also what to look at Friday morning when the markets resume trading.   It is noteworthy that OIL sold off again today and OIL is heading back to its lows. Bear Flag?

 

$WTIC

It's certainly possible that OIL undercuts recent lows. It almost did that today, but notice this ...

 

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Oh That Light Volume Trading

December 23, 2014 /14 Comments/in /by

We had a little bit of selling & volume in The miners today , so instead of a morning report Tuesday, I wanted to post some thoughts tonight. I started getting some questions about things as the day went forward. Nothing wrong with that, it is expected.  I had mentioned possibly seeing light volume holiday trading and by noon, we had some selling in Miners.  I posted this chart Mid-Day  before the selling really started to escalate, to point out some similarities to a prior sell off .

 

  Selling increased from that point on, so what Now?

 

GDX DEC 22

 

Lets take a closer look at all things cycles and technical analysis ...

 

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Not Much Has Changed

December 22, 2014 /15 Comments/in /by

This week is usually a lighter volume  / traders going on vacation - holiday week of trading. Not much has changed from Fridays report.  Things really have to play out further to confirm our expectations or to change them. In other words...not much has changed.  We experienced another peoriod of selling similar to what we had in Oct. Many twondered if the Sell off would end the year ugly and then suddenly ,  right on time ...

 

QQQ wkly

 

QQQ WKLY

 

Its a strong reversal on a weekly basis and take a look at the next chart...

 

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Its Triple Witching Friday

December 19, 2014 /16 Comments/in /by

Today is triple witching and that can increase volatility and volumes.  The first hour tends to see the volatility, and by  the last hour the total day volume increases become evident.  If you are long the markets , you'll be happy to know that  usually there is a bullish bias to Decembers triple witching activity.  Nothing is guaranteed, so We'll have to wait and see.

 

SPX hit that lower target and reversed as seen here

SPX WKLY

As shown yesterday  on the charts that I had drawn up for QQQ, IWC, IWM, RUT and so on, these markets are being bought at targets  as that BUY THE DIPS mantra continues

 

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SWINGS!

December 18, 2014 /2 Comments/in /by

When I was a kid, I used to really love playing on the swings.  Then when  I grew up  I  found that  I still love to play with the swings.   ‘Market Swings’ ! They  can actually be profitable to an investor or trader, because they may afford a low risk entry with potentially   more […]

Survived Another Fed Wednesday Storm

December 18, 2014 /23 Comments/in /by

Just as I mentioned in the Wednesday morning report, The Fed Wednesday Storm was enough to more than Rock The Boat.  If you watched the action from 2 P.M. to market close , the name of the game was Volatility. Remember though, sometimes the storms wash the landscape clean and we see the light of a new day, and today lets discuss the beauty of what might be...

 

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FED MTG TODAY

December 17, 2014 /18 Comments/in /by

In the past I have found that either on Fed Wednesday or Follow Through Thursday much of the analysis, whether it's using cycles, Tech Analysis, Fundamentals, etc -  is both correct for a short time, then wrong for a short time, then correct again, then wrong again, and then the true direction that is going to hold finally seems to take hold.  So for today ....

 

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REVERSALS EVERYWHERE- WILL THEY HOLD

December 16, 2014 in /by

Today is a day full of reversals. The question is , with the FED MEETING tomorrow , will they stick? Some like OIL & ENERGY seem to have been put in with conviction, if they close here.   Sure-   some of the energy stocks are up 15 – 20 % , but in recent […]