Entries by Alex - Chart Freak

ARE WE ABOUT TO BECOME BEAR SNACKS

November 3, 2014 /24 Comments/in /by

NOV 3 2014     GOLD & MINERS are at the mercy of the Bears.  Since Breaking to new lows, many articles are now pointing out that all support is broken and its a LONG WAY DOWN.  I am now reading that  we are so close to 1000, that a good FLUSH  could cause it to give way to $800.    In my last report I mentioned that I heard something similar in the XLE as it broke to new recent lows and broke support too.  Many wrote that  it could crash down   ( Those alerts / articles  were loudest right before a strong reversal).  

 AUDIO-  (click the link, click  download , click open and return hereto follow along)   Metals link click here

I drew this chart on OCT 10  (Click to enlarge) . Honestly-  I was getting extreme sell off readings and  I DID NOT EXPECT IT TO BREAK SUPPORT,  but it has.  I thought instead that we might get a trade able bounce and then possibly TEST support?       Please use the audio, it saves me time.

 

HUI 1 WAY

So now that Support has been broken, is it a bottomless pit? Lets look closer.  

 

Read More

Where Do I Start?

November 3, 2014 /16 Comments/in /by

November 3, 2014 

  Its hard to know where to start.  As I begin writing (Sunday night ) Gold is testing new lows, The $USD is at new highs,  But I am thinking GOLD may reverse Like ENERGY did!  I really want to keep this simple, but there's nothing simple about the "THINGS" I am seeing, its getting exciting though!  I have so much to say that I have to do the Audio version.    About 98% of the feedback has been that Audio & later Video is the way to go.   Excellent results & feedback, thank you.  I did get a couple of emails saying that for some who do not use computers  much,  they still do not know how to use the audio, and can I still write everything out.   I apologize , but That will not work for this report.  I will try to write 'enough' , but It is going to be too lengthy and it takes me between 3-4 hrs to draw all the charts, upload all the charts, write about the charts, etc. I've already gathered hours of charts to try to explain what I am looking at.    PLEASE- do yourself a favor and follow the instructions on the link and learn to use the audio. It will be a better tool for you too

 

A QUICK MARKET UPDATE -      (  and then METALS & ENERGY)  Make sure your volume is turned up

 [RIGHT CLICK THIS LINK BELOW open in a new tab-- CLICK "Download" , then click "OPEN".   come back here and follow the charts]

  http://www.screencast.com/t/2UN2nptYnq

$TRAN   FROM OCT 21  (back in the uptrend)

$TRAN 2

 

As election Tuesday approaches,  I pointed out this ....

 

Read More

QUICK VIEW

October 30, 2014 /38 Comments/in /by

OCT 30   Quick update  ( I apologize- it has been brought to my attention that the 1st audio post did not come out- I HAVE NOW RE recorded it  Sorry for the inconvenience)  

Please RIGHT CLICK the link below -select open in a new tab & another tab will open , look for & click  "DOWNLOAD"

Then just click "OPEN" - when you hear my voice, return and follow the charts 

New Link   right click here

 

SPX oct 30

 

GDX ...

 

Read More

Something Doesnt Fit

October 29, 2014 /24 Comments/in /by

OCT 29   FED DAY    Yes, I'll admit it! 

1. I saw many charts that are set up rather nicely the DAY of the FED mtg

2. It DOSNT FIT what I usually see on  what is known as  a messy, indecisive & volatile FED DAY

3. But That was a stretch using that title just so I could use this picture of the Trooper Dog.  I just think this pic is great

 

Starting with the Markets-  SPX    click here - click 'download' then click 'open'  (when you hear audio, return here and follow charts)

 

SPX RALLY

 

Read More

Anticipation?

October 28, 2014 /16 Comments/in , /by

OCT 28  Just a quick update because we are in the FED ZONE again. The picture above depicts what can happen after the FED speaks on Wednesday , and that can be in either direction.  With that in mind,   I hate to recommend trades that can really get smoked to the downside, but I do have some pretty nice short term set ups forming, so lets just discuss a couple of things here now, and see how things play out moving forward into the Fed day and beyond.

 

Oct 23 -  I thought the SPX would get stuck under the 50sma , maybe even dip to the 20sma . I posted this

 

SPX

 

The following chart shows that we have done exactly that so far...SPX remains under the 50sma on a closing basis (as I was writing, it broke above)

 

Read More

Looking Below The Surface

October 24, 2014 /33 Comments/in /by

Oct 24,2014        At times, things arent always as they appear on the surface.  You may have to dig a little deeper to find out whats really there. Thats what I am attempting to do in the Precious metals mkts. Yesterday about an hour into trading I was watching Miners break down to new lows. Again the message boards lit up with "New Lows, that means we are going a lot lower" and "Going short here, much lower prices ahead".  For me, something hasn't "Felt" right about that, so I knew that I had to dig deeper and see if I could reconcile the problem that I was having. The problem goes back to a prior report  where I pointed out that I was getting signals for a "Meaningful Low" in Gold (An ICL).

 In fact,  since that report, GOLD has been acting correctly, running up to the 50sma and stalled just like MAY LOWS, but the MINERS have NOT been keeping up. NOTICE that GOLD Lows here have been like the TWIN of MAYs Meaningful  LOWS (ICL). So to me...LOWS IN GOLD WERE IN.

 

AUDIO click here / then click  'download' / click 'open' & then come back to this page when you hear the report to follow the charts

 

$GOLD

 

The problem with everyone going short yesterday was what I had noted in other reports too...

 

Read More

Look – Dont Touch!

October 23, 2014 /33 Comments/in , /by

OCT 23, 2014                            As I begin writing  GOLD/MINERS are at lows of the day.  Miners are breaking to new lows, a break down?   It looks like it on the surface.

 

  Here is what I am seeing  ( but you may not want to touch this yet).   I know this sounds  C-R-A-Z-Y , but I am seeing something odd with the GOLD RUN UP & MINERS SELL OFF. Does THAT correlation usually last? No.  As I have mentioned -  $GOLD looks to have made a real ICL, meaningful low, just like last May.  GDX is testing High Volume FED MINUTE lows. I would watch for a "POSSIBLE" reversal today, thinking the MINERS are making a 5th wave down,  POSSIBLE false break down.  We are actually testing a HUGE candle on 1/3 rd the  volume. Those "Light Volume Tests" reverse FAR MORE OFTEN than not. I expect a reversal or bounce if volume remains this light, but its RISKY.  You may just want to LOOK ,   DONT TOUCH.

 

GDX OCT 23

 

I also want to zoom in and show you a 5 day 5 minute chart ...

 

Read More

A Closer Look

October 22, 2014 /26 Comments/in /by

OCT 22, 2014 

Lets just take a closer look at a few Market details from here... (Apologies, Audio will be back soon)

 

$GOLD looks so much like those meaningful MAY lows to me. Runs up, tags the 50sma , slam down Then recover. SO I would expect the slam down today.

 

GOLD OCT 21

 

Interestingly, GDX looks much more like the meaningful lows in DEC

 

Read More

Low Risk & Higher Risk

October 20, 2014 /13 Comments/in /by

October 20, 2014  There comes a point in every trade where (Hopefully) you get a low risk entry, and then as time moves forward, it becomes a little higher risk to enter, or even higher risk to just hold your current position. We may not be there yet  (As I start writing, futures are up nicely) , but what I am seeing leads me to believe that the Markets MIGHT just be in a bounce and MIGHT make lower lows at some point. I looked at TONS of charts this weekend, and the reversal that most of us bought was indeed a trade-able reversal, but what Now? Lets look at MANY CHARTS and try to get an idea of what is happening.  I will say that at this point ,  anything can happen...its not super clear, and that alone means we are at a slightly higher risk area. I can make the case that Markets could be on the way to making new highs, I can make the case that markets likely will make new lows. Actually Much of it depends on ... 

  (I apologize, no audio today - sore throat and cracky voice)  : (

 

The $USD...  Oct 14 - Very strong, but overdone--I was looking for a drop to the 84 area

$USD OCT 14

 

And we have dropped as expected, but theres room for more downside I.M.O.

 

Read More