Entries by Alex - Chart Freak

WATCHLIST

October 7, 2014 /14 Comments/in , /by

OCT 7, 2014 

 

I thought I would just throw a couple of ideas out there, possibly  for your watchlist if you have one. In my last report I pointed out the set up in ZEN as looking like this (Chart below). Notice that, as an I.P.O. it experienced rapid buying and then just went sideways (no Sellers) consolidating those initial gains. Once you break above that area, another run up can take place, since no one is selling , everyone is along for the ride, and momentum buyers can jump in. I've seen this pattern a lot, and as long as a company is doing well, the results can be higher prices.

 

ZEN

 

With that in mind, take a look at this next chart...

 

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GRACE UNDER PRESSURE

October 6, 2014 /10 Comments/in , /by

OCT 5  weekend report  

   I love the way the above picture captures the theme of GRACE UNDER PRESSURE  ( Picture Credit to Rush & Hugh Syme).

  Ermest Hemmingway wrote that "Courage is Grace under Pressure" and for the past few weeks, the markets began selling off,  thus pressuring  'buy & hold' investors.  Remaining Graceful while enduring the "Pressure' of the markets selling off allows one the "Courage" to make good decisions.  I feel that most readers here are that way.  For protection , We actually trade with stops in place  ( be it mental or a be it a hard stop),  looking  forward to pullbacks  in hopes of buying at 'discount prices'.   While I haven't see all out panic,I have seen CNBC  interviewing many lately asking,  "Is this it?  Have the Markets topped & is October going to be the month of a crash?" 

The question is...."What were you doing?"

   On Thursday , OCT 1 , I Tweeted this SPY CHART , pointing out OCT 2013 selling off to the 26 WMA (Red line) . Would we get that 193 area ?

 

SPY

 

   We Did get that red line  (193) and it looks to have reversed.  Yay for the chart & reliability  of these markets so far.

 

SPY OCT 3

 

If you bought a nice set up in that reversal ,  you displayed Courage and  Grace under Pressure...

 

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QUICK NOTE

October 3, 2014 /8 Comments/in , /by

Oct 3, 2014    Just a quick note….It looks like its going to be a good day for traders.  Yesterdays late day reversal in the sell off of the markets has set up some very beautiful charts. Looking at the 50sma, many of the recent pullbacks landed and reversed there.  It was a time to start […]

MARIO SPEAKS TODAY

October 2, 2014 /13 Comments/in , /by

Thursday  Oct 2 ,  2014       Mario Draghi is speaking today , and likely it will affect the markets. We have JOBS Report Friday too, so the next few days can affect, even change the markets. The charts are very extended in some areas and almost calling for a little change. Nothing is certain, but lets look at some charts and see if there are clues what kind of changes could take place. We can start with something that certainly could be moved by Mario...

 

The Euro -  $XEU is due for AT LEAST a bounce and may have completed 5 waves for the Elliott Wave fans

 

$XEU

 

The opposite of the $XEU is the $USD.  Is that over-extended to the upside? ...

 

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What Are You Looking At?

October 1, 2014 /7 Comments/in , /by

OCT 1, 2014   What am I looking at?  When we have a sell off in Markets or even individual stocks, I am always looking at my list.  I want  to see if anything I wanted to buy but missed  (or owned & sold) is possibly "Setting up" as another buying opportunity.  I AM REALLY liking the setting up of some Miners , but for this report, I just want to show some stocks that look interesting and I'll also include one of the GDX .  Its the start of a new Month, Its the start of a new Quarter. Funds may do some shopping pretty soon to attempt 4th quarter  bragging rights ( And thus a 4th Quarter rally?).  Today , these are JUST A FEW of the stocks I was looking at.

 

GDX - It may have a DEC 2013 type low forming? Or it MAY have a 5th wave to go...But seriously I have a FEW indicators & sentiment calling for an ICL sooner than later.

GDX OCT 1

Going back to my recent Gold report  here  http://www.chartfreak.com/2014/09/26/illusion/

and look at many of those MINERS that I said were acting rather special in this beat down. READ That report---look at what I said about FSM, RBY, RIC, etc .

NOTHING HAS CHANGED More smileys for free download

 

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LESSONS

September 30, 2014 /19 Comments/in , /by

September 30, 2014      

 

                  Sometimes you learn little things along the way in life, and they become lessons that ring true with time.  They then become so common to you, that you forget that it was an important lesson once . I remember sitting next to a 4 year old eating Yogurt and he says to me, "Why do you put blueberries in your yogurt?"    I thought..." Wow,  is that a learned feature? I thought everyone knew that sometimes fruit in yogurt is a bonus! I need to get this kid some strawberries!"     So it seems that unknowingly, we take for granted & forget to share with others what seems like "the Little Things" , so I wanted to just share one important lesson that I have learned (  Thank You William O'Neil) , that can help traders / investors.  I just got 'schooled' on this lesson this month!

 

This was the IPO GO PRO in June - Aug. 

 

GPTO AUG 27

 

 

We all love GPRO  .  If this breaks out to new highs, do we buy? It looks a bit "EXTENDED", no?  If we own it do we sell?  THATS where the lesson lies....

 

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UPDATE

September 28, 2014 /17 Comments/in , /by

  Sunday Sept 28     I dont know what it is... it's either when I write about the Gold/ Silver/ Metals market or maybe its whenever I write something that is contrary to what the crowd is  thinking,  but after one of those two ideas is presented,   I get a lot of feedback  ( and I love it! ).  I got a good number of comments below the previous article for the public to see, but also many write to me by email and share thoughts or ask questions too. It was really a lot of good constructive feedback, so thank you!  I've decided to do a follow up to Thursdays report that I posted Friday morning and I've dug into more charts to explain what I am seeing. Some of it basic and some of it a bit deeper.

  To start with,  lets I review what was happening on  May 30 2014.    Gold had recently broken down from a "Continuation triangle"  the 'measured' target was $50 lower, but most felt $1180 would be broken, maybe $1150 or worse would get tagged.  EVERYWHERE I looked , articles were talking about "SEASONALITY" in Gold being Late July & AUG . THATS when "we should buy the bottom" , they were saying...the LOWS would be in then.  I wrote an article saying that it might be time to buy now  (I had entered JNUG & NUGT and few select Miners). That article is here if you want to read it.      http://www.chartfreak.com/2014/05/31/learning-to-be-patient/

 

  It Seemed that everyone was or wanted to go short- or just hated the metals all together. 

As a quick review, the charts I used went like this MAY 2014- Triangle price projection near $1200, seasonal lows in Jul/AUG

MAY 30 projection 1

 

I had noticed some very interesting things happening with Miners and even the Metals charts themselves, SO I posted this Next chart below as a contrary idea , one that would leave everyone waiting for "Seasonal Summer Lows" behind ...

 

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Its An Illusion

September 26, 2014 /35 Comments/in , /by

Friday Sept 25    ( Note: As I write, GOLD just got sold off  $1228 to $1218 )

In the above picture, are these horizontal lines parallel or do they slope?   Its an illusion.

When a magician lifts something up with his right hand and holds it right in front of your face  (While his left hand is grasping something taped to his left pant leg) and claps his hand and everything  changes in a puff of smoke...Its an Illusion

And Thursday,  when I looked back at what has happened to $GOLD & $SILVER lately , and then examined a few other things, I thought.... IS THIS REAL OR IS THIS AN ILLUSION??

Notice  $SILVER- Breaking down to new 4 year lows! Everywhere I read,  " It's going off a cliff, $10 to $13 Silver soon!"

 

$SILVER

 

Nobody is yelling,   "Its on sale! Lowest Prices in years!"     People used to buy it all the way down, but now there is an element of Fear. THATS GOOD!

And lets look at $GOLD...

 

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ENTER AT YOUR OWN RISK

September 25, 2014 /26 Comments/in , /by

SEPT 25   I have NOT even mentioned Miners lately.  They did not look ready, they weren’t acting correctly.  Depending on your daily cycle count, Miners may be very deep in their count, due for a bounce.  Some have them only on day 25, deep enough, but   I have them on day 36!  THAT is […]

SNAP-SHOTS

September 23, 2014 in , /by

TUESDAY SEPT 23, 2014   Just wanted to share just a few quick snapshots of some what I am watching lately.

 

ZNGA - Chart from yesterday, but its the same today. Tight stop below 50sma  (Thx Cheri)

 

znga

 

 More charts ....

 

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