Author Archive for: Alex - Chart Freak

About Alex - Chart Freak

I’ve been a full time trader for well over a decade and began trading in the late 1990s while working in management and sales at a well-known aerospace company. As my style evolved, so did my success, and it allowed me to leave corporate America to pursue my passion and trade full time.

Entries by Alex - Chart Freak

Timing

May 27, 2015 /49 Comments/in Premium /by Alex - Chart Freak

It certainly looks obvious that various sectors are starting what could be a significant decline. I pointed out the VIX and the elephant in the room last week, indicating that one should be coming, it was just a matter of time. Lets look at the charts ...

In this chart of the VIX I was pointing out that tops (maybe just temporary ones) often started with the Vix in the 12-14 area. It also did a reversal Friday

So this is what has transpired...

There’s A Chance There Is A Change

May 25, 2015 /66 Comments/in Premium /by Alex - Chart Freak

I was away from my desk Friday and upon returning to the charts on Monday, I am seeing some changes that I want to discuss. Lets start with our regular market review. Lets take several views of the markets, both bullish and bearish, while remember that ELEPHANT IN THE ROOM discussed here last week.

SPX

But we keep this in mind too as we remember that Elephant in the room...

Elephant In The Room

May 21, 2015 /118 Comments/in Premium /by Alex - Chart Freak

Can we talk about the elephant in the room for a minute? Not the one seen above, I'm actually talking about the one below . Notice how the Trannies sideways move has lost strength & momentum.

IYT- Zoom in and see the break down in the IYT

How can this be in such a strong market. Buy the dip mode is in full force, right?

More Shaking?

May 20, 2015 /65 Comments/in Premium /by Alex - Chart Freak

I want to review the market moves from yesterday and their possible implications. WIth that I am also keeping in mind the FOMC minutes will be released at 2 p.m. Eastern today. That has the possibility of shaking things up at times.

My SPX thoughts are bullish, as shown in yesterdays chart. The SPX 'paused' yesterday after breaking to new highs.

That said, I want to point something out that could weigh on the markets too...

Under Various Circumstances

May 19, 2015 /60 Comments/in Premium /by Alex - Chart Freak

What happens if I am conditioned to see an egg sink in water, and then I see one float? I think that I would want to try to understand what the difference is. What has caused this change. Sometimes in the markets we also get accustomed to seeing something occur, but when the opposite happens, I like to try to understand what has changed. We'll discuss this later in this report, for now...

The SPX has broken to new highs! If this pattern plays out, it has room to run.

Look at this next chart below , and compare it with the SPX. I posted this April 29 and you saw what happened

Running With The Bulls?

May 18, 2015 /57 Comments/in Premium /by Alex - Chart Freak

The DJIA, SPX and NASDAQ have basically been in a sideways move through most of 2015, as seen in the chart below. Despite the sideways action, there have been many Bullish set ups and even Bullish action in some of the beaten down sectors . The good news is that it doesn't look like it is about to end now. Lets look at some charts and discuss this further...

DJIA- Jan -May was rather sideways

We have discussed sideways consolidations in the past and how they can lead to some nice trending moves when they finally break free...

JUMP!

May 14, 2015 /80 Comments/in Premium /by Alex - Chart Freak

If you're a premium reader here, then you know what we've been getting a little excited about, even wondering out loud if it's possible that ...??? Well, We'll get to that in a minute, first lets discuss a few other charts : )

SPX - When this consolidation breaks, the move should last for a while

The NASDAQ looks a little different...

Are There Storms On The Horizon?

May 13, 2015 /31 Comments/in Premium /by Alex - Chart Freak

As I have discussed in previous reports, I am seeing some really bullish set ups in some Sectors, and some interesting moves in other sectors, but still I have to wonder if there could be future storms rolling in within the equity markets? Lets look at some charts...

The NASDAQ re-gained the 50sma, but is still weakish. Look at that MACD. We need a burst higher soon.

Lets look at the SPX...

Similarities

May 12, 2015 /27 Comments/in Premium /by Alex - Chart Freak

Not much changed from The weekend report to now, so lets quickly review the mkts and then review a couple of trade set ups...

For the NASDAQ- I have been showing a bearish wedge, and I pointed out how they occasionally can consolidate & turn bullish like in this 2011-2013 wedge. I shared this chart

Lets look at the SPX currently

TRIANGLES

May 10, 2015 /43 Comments/in Premium /by Alex - Chart Freak

I am seeing a lot of Triangles forming in the markets, some bullish by nature and others bearish. Lets take a look and review the past week and look forward to a few ideas too...

I posted this WKLY NASDAQ in a mid-week report on MAY 6. Could it recover?

Amazing. It recovered by week end.

Lets look at some other triangles and wedges...