Entries by Alex - Chart Freak

Did you say a “Core” position?

November 13, 2014 /16 Comments/in /by

Nov 13, 2014

 Not a lot to say today- I got about 80 replies to the recent request for input on a better designed website. I tried to reply to each and every one. I THINK I may have accidentally permanently deleted one of them, if you didn't hear back from me, I apologize- I DID read it before that happened. You can even resend it and I'll get back to you, but I spent a good deal of time replying and thanking everyone for such positive feedback.  Pat yourselves on the back, what a Kind group of people are reading here!

 AUDIO LINK HERE  click here

Now..A CORE? I had a couple people ask me why I dont discuss my "Core" holdings vs trades. I will when I have some, but until things start trending, I cut the core! Maybe some ENERGY or  COAL stocks are a little more BUY & HOLD  at this time. Some have begun trending.  And  since the COAL lows, earnings were released late OCT- it would seem that any bad news is baked in and upside seems to be steady  (Above the moving averages. Lets take a quick look...

 

BTU - recommended yesterday at 10 A.M.

BTU

1 .5 Hrs later

BTU 2

Also ...

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Nervous? Heres a different perspective

November 12, 2014 /15 Comments/in /by

Mid day update /  Miners selling off  writing at 12:05 p.m.

When I start seeing a sell off in Miners after I feel that I've done all my homework , I dont panic - I just need to look and see what might be happening. What (if anything) should limit the sell off? Is it normal? is it ugly or extreme?  So lets review a couple of quick charts that I threw together and see where we might be .  First off, GOLD is not selling off , but are Miners leading? What do I look for with GOLD?

 

GOLD  (Click to enlarge)

 

GOLD NOV 12

 

So Gold is holding up, what about Miners? Are they shaking some out, or are they about to collapse?...

 

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It isnt pretty, but the set up seems to be

November 12, 2014 /8 Comments/in /by

Nov 12   10:00 A.M. Eastern  

 

  I am pretty focused on the Metals & Miners recently, but If you missed the run up in COAL and wanted to get in, it may be setting up for another leg up after a recent pause. These 3 charts show that the recent pullback is nearing support and could offer a low risk entry, because your stop is safely below support areas.

WLT

 

And also ....

 

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Reminder: Not All Bottoms Look The Same

November 11, 2014 /29 Comments/in /by

Nov 10, 2014 

     Mondays action was what ... Scary?  Yes, scary if you had a long  position.  If you didnt have a position, maybe it was time to take one!  Was this another chance to buy in the Area near the lows ? ...or...Was today a chance to go short for the coming plunge?   I ask that because I know many  (not here necessarily) viewed today as "Weakness".    'The Bulls have no strength , no follow through, No buyers and the Bears are still alive and well.'  And while I have to admit that that COULD be the case, I doubt it.  Bottoming is often called a "Bottoming Process" because the battle of the bulls & bears doesnt allow a sell off or a rally - At First. If you examine previous "bottoms",  you'll see that many act just like this before they take off upside. If it's a Real Bottom, that battle often drops off the New buyers, and leaves them behind.

 AUDIO LINK CLICK HERE     AUDIO LINK

Look at prior lows for Example:  The reversal candle made the lows, then the next week sold at least 1/2 way down that candle

 

GOLD LOWS

 

So what we see happening also happened at June 2013 , Dec 2013  lows, May 2014 lows ...Now

 

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(Part 2) Sometimes They Just Get Tired

November 10, 2014 /23 Comments/in /by

Nov 7 Weekend Report (part 2)-

   Bear on a Tear! Bears can be powerful when on the attack, and Bear Market sell-offs are no different! Sometimes, however, they just get tired. In Part 1,  I was pointing out a few other hated sectors that have been selling off viciously and showing how they are setting up at their lows in various ways. We caught Energy (XLE)  the day of the lows mid October,  and they bounced and double bottomed and so on. COAL / Uranium stocks similar...so what about Gold, Silver, & Miners? LAST WEEK I saw some interesting things and want to share them with you now. To The Charts!

 

Audio & what I wrote are almost the same, audio is 20 minutes, if you dont have time, reading it is almost the same. AUDIO = click here   wkend report part 2

GOLD WEEKLY

GOLD WKLY

 

Gold rejected the lower price/break down last week and closed at the highs, just shy of breaking back into that trading area. We want to see that this week. Will we? Look at the Middle indicator (Histogram) & the RSI. At new Price lows , they usually drops too. We hit new price lows, break down lows, and the Hist held up. I like that divergence.

At the end of Part 1 I said ...As I write GOLD is dropping straight down $6 and it will again be difficult to post a BULLISH report,  but I would actually like to see GOLD crash down to $1154!!     I would!      (He said as GOLD continues to drop)   We are now down $12 to $1166. I am O.K. with that.

 

 

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Are The Bears Toast – Or Just Napping?

November 9, 2014 /7 Comments/in /by

Weekend Report Nov 9  

In my past few reports, I have been pointing out many "Set ups" in Energy / Coal / Uranium stocks & Miners possibly setting up too.  Friday  I posted in my report that I was buying pre-mkt at 6 a.m. in the Gold/Silver sector , and laid out all the reasons why. In this weekend report I want to share further thoughts, observations. At times in my research  I try to think outside the box -  and I even find stuff that blows MY  mind .  I did and want to share that too.  To start....Are the Bears in some sectors taking a nap or losing control?  To the charts!  My reports earlier this week highlighted Opportunities showing double bottoms and other bullish set ups .  This chart was posted for uranium for Example:  They were READY TO BUY

 

URANIUMS

Here it is now

URA UPDATE

Others mentioned have burst upward and the good news? Similar opportunities are still present, lets review several sectors...

 

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Its Scary – Yet Its Beautiful

November 7, 2014 /41 Comments/in /by

CLOUDS

 

Nov 7, 2014  7 A.M.  The clouds that you see in the above Pictures are real. If you were standing there watching them drop down, it could be very eerie, scary , and yet at the same time....Beautiful! The Mammatus clouds are very rare, and that's why when you see one dropping down before your eyes in a way that is not normal...it is mesmerizing . It can freeze you in your tracks.

What does that have to do with GOLD?....

http:click here 

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Quick Shot

November 6, 2014 /4 Comments/in , /by

Nov 6 2014   Quick view of some interesting set ups. Still waiting for GOLD / MINERS to show downside follow through or change direction. I expect at least a solid bounce ,  a rally for a couple of weeks, but I studied some weekly charts and if the trend down resumes after a rally   (or even if it were to continues from here after a sideways move ) I get deep downside possibilities too.  I will save that for the weekend report.

For now, these were interesting charts if you want to trade another area

 

Uraniums look to be Bottoming - Double bottom

 

URANIUMS

 

Lets see some individual Uranium stocks and see if we see anything happening there

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UPDATE

November 5, 2014 /2 Comments/in , /by

Nov 5  nearing the close

 

   As the day played out, it was interesting.  The GOLD prices held the lows and GDX actually got to green at one point  (Gap fill?).  GDXJ is showing that it is still weaker than GDX...but all things said, what am I seeing right now?

1. Gold held todays lows and that was a target  (BUT Miners lead the way down, and have turned lower)

2. Miners are still weak , they appear to show lighter volume today as they stretch to new lows and you can clearly see 5 waves down- but has the 5th wave ended is the question? They COULD do a watershed move ...and weekly chart bear that out too. The week is only 1/2 over.

3. JDST and DUST look excellent on a weekly chart.  They look extremely bullish and since it is early in the week, that needs to be kept in mind. If they do not reverse by the end of the week, they have targets that are much higher  (Same for WKLY JNUG/NUGT   GDX  GDXJ lower ) .  SO jumping in looking for a bottom may not be prudent...although "Looking of signs that it could be near  a bottom" signaled by a reversal in metals and Miners into the end of the week could be.   Also a reversal in the Dollar and equity markets , if we are at a point of change. 

THAT is how I am watching things for now  and this is how bullish DUST  (& JDST)  look on a weekly time frame.  I dont usually chart 3x ETFs, but they do also play out in exaggerated ways .  SO please look at these DUST charts .  WHEN THE MOVE ENDS, the snap back in the other direction should be strong, and I want to prepare to enter "Long" positions for that move, since I feel  (for me personally) it is too late to chase the downside.  (Unless one is a day trader & fast)

4 dust charts consider....

WKLY  is bullish if it dosnt reverse by weeks end

 

DUST WKLY

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