Entries by Alex - Chart Freak

The Health of The Markets

June 1, 2015 /39 Comments/in /by

This weekends report will show what the Charts have to say about the health of various markets.  Just like any living breathing thing, we can go from healthy to sick , from strong to weak and visa versa. What we will see can change, but this is what I am seeing at this point, based on the charts ...

 

The DOW JONES INDUSTRIAL AVERAGE - Selling down with a MACD cross, volume picked up on Friday

DJIA 5-29

So lets look at the DJIA WKLY chart...

 

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Chart set ups

May 29, 2015 /4 Comments/in /by

I posted a premium report pre-market, this is a portion of it for your trading enjoyment, some editing has been done to update it too 🙂

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Charts - Charts - Charts!  It's Friday, the last trading day of the week, so I just wanted to post a few charts instead of the usual full report .   Just for 'Friday trading' or building a watch-list.   I am not talking about buying and holding for a month,  some  traders dont even like to hold over the weekend with Greece and other geopolitical issues out there.  Buy one or two , or put these on your watch list to possibly buy a pull back .  We had reversals yesterday in OIL & Metals , they  can be quite trade-able.   I bought as mentioned in the chat / comments area, but is it long term or short?   Just a quick trade or more?    I'll discuss that this weekend.    On to the charts ...

$WTIC-  small bounce or lows?

WTIC 5-28

What about NATGAS?...

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Just Charts

May 29, 2015 /62 Comments/in /by

Charts - Charts - Charts!  It's Friday and I just wanted to post a few charts that look interesting . I am not talking about buying and holding for a month,  some  traders dont even like to hold over the weekend with Greece and other geopolitical issues out there.   Today I am talking about what look like trade set ups / reversals and so on.   Buy one or two , or put these on your watch list to possibly buy a pull back .  We had reversals yesterday in OIL & Metals.  I liked them because they  can be trade-able.   I bought as mentioned in the chat / comments area, but is it long term or short?   Just a quick trade or more?    I'll discuss that this weekend.    On to the charts ...

$WTIC-  small bounce or lows?

WTIC 5-28

What about NATGAS?...

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CRAZY

May 28, 2015 /130 Comments/in /by

CRAZY, right?  What a difference a day makes. Traders  that jumped from Long to Short on Tuesdays drop have likely been burned, and that may or may not change going forward. Lets take a look...

SPX WKLY- I love this.  🙂 

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This weekend I showed this weekly chart. 

1. Possible top Friday

2.Vix at lows 

3. SPX Wedge ,  so I said to expect a drop. 

SPX WKLY 5-22

SPX WKLY -  Monday was a holiday, so this is the wkly after Tuesday & Wednesday.  The drop & recovery -  Boom, Boom.

SPX WKLY 5-27

On a daily -  you cant even tell anything happened.

SPX 5-27

 

NEXT...

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Timing

May 27, 2015 /49 Comments/in /by

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

$VIX

 

So this is what has transpired...

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There’s A Chance There Is A Change

May 25, 2015 /66 Comments/in /by

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

SPX 5-22

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

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Elephant In The Room

May 21, 2015 /118 Comments/in /by

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.

 

$TRAN

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

IYT

 

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

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More Shaking?

May 20, 2015 /65 Comments/in /by

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.

SPX 5-19

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

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Under Various Circumstances

May 19, 2015 /60 Comments/in /by

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.

SPX 5-19

 

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

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Running With The Bulls?

May 18, 2015 /57 Comments/in /by

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

DJIA

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

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