Entries by Alex - Chart Freak

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 […]

GOLD DID NOT ‘FAIL’

December 16, 2014 /9 Comments/in /by

Gold started to dip down, rather fast yesterday, but please dont misunderstand. GOLD  did not 'fail' in our expectations. It is getting a little whip-saw action pre-Fed, but it hasnt done an epic fail like out friend above.  Let me explain.

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Weekend Update

December 15, 2014 /3 Comments/in /by

Another week has come and gone, lets do a review and see what it may tell us we might expect going into the next week of trading.

That was a fast week of selling in the $SPX , wasn't it?  : )

$SPX

 

I had pointed out the first area of support last week and we already arrived there Friday...

 

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The Forest or The Trees?

December 12, 2014 /6 Comments/in /by

Have you ever heard the expression " Cant see the Forest through the Trees" or "Cant see the Forest For the Trees" ?  Its about being so focused on 1 Tree ( Or 1 idea) that you cant see the big picture, the Forest . Its important for investors to see all things big and small , because it can affect the outcome along the way.

For example, we may see a nice set up in a stock. EBAY looks to be breaking out

EBAY

 

EBAY just might be breaking  out & take off from here, but stepping back and looking at the bigger picture helps us to see if we should be buying / waiting / or what?

 

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The larger View

December 12, 2014 /19 Comments/in /by

  The Big Picture .  Its important to your investing to know what you're looking at, each piece  big  and Small together.  Why? Sometimes it can help us to be patient and wait for the best trade set ups, other times it gives us confidence that our trade ideas will have positive follow through or minimal downside risk. Both are important as we watch the movement in the markets unfold. Well,  Today is Friday and not a whole lot has changed from the report yesterday, so I want to do a quick review and after today we can do a weekend report that may shed even more light on things.

 

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