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

Watchful

February 5, 2015 /22 Comments/in Premium /by Alex - Chart Freak

The website went down and my apologies for this report being released a little late, thank you for your patience! I had so much to cover, so I am going to try to write less and allow the charts to speak for themselves, feel free to ask questions in the comments section if you need my help...I will be available on & off today. To the charts...

QQQ - Same ole same ole.

I had been shorting the top ( adding TZA) and closing half at the lows, also watching the 50sma. I closed out this position , but may add if we reverse & drop lower again. It is still unclear which way this will eventually break, here is why...

ENERGY TRADE ideas

February 4, 2015 /4 Comments/in Public /by Alex - Chart Freak

The following is a portion of a ' Premium Report' put out Monday Jan 26. This is only 1/2 of the report, but should be helpful . To be honest, I initially only made small profits on some of these trades at first. I had to leave town after the New England Storm , and since positions are volatile at the lows , I cashed out & re-entered later when I could monitor them. I 've added a few updated charts too. Enjoy

JAN 26 ,2015

Let me start by showing you an Energy stock that got taken out to the whipping post. It is beaten down and has double bottomed. It seems like all of the downside ( At least for now) has been met. Risk reward is skewed toward less risk (Using stops) and more upside potential if conditions play out. Some of these stocks could just "Bounce" and do very well.

EXXI WEEKLY - Double bottom with a MACD cross? $2.60

TRADE IDEAS

February 4, 2015 /10 Comments/in Premium /by Alex - Chart Freak

I have a lot to cover, so lets just do a quick review and on to the charts...

SPX - as the consolidation continues it goes from looking weak to looking more bullish

In prior posts I wrote that...

Question: Do You Know What This Is Called?

February 3, 2015 /32 Comments/in Premium /by Alex - Chart Freak

Answer: Frustrating ! Actually its an example of a trading range. Often after a stock or index Price has run higher , you get a sideways consolidation that is called a trading range. They can form as flags, wedges, channels, etc. It can be a trading opportunity on one hand, buy the lows & sell the top/ flip and short the top , ride down to the lows. If you aren't an active trader, however, and you are just waiting for some directional move, a nice trend to ride? It can be a little frustrating. Its tough to tell which way it will break, and the chart above actually looks like it may break higher. The chart below is the end result of the chart above.

The reason that I bring this up is because our markets are currently in a consolidation too...

QUITE A BATTLE GOING ON

January 31, 2015 /36 Comments/in Premium /by Alex - Chart Freak

We have been watching some great battles going on, and thankfully we have been able to make some nice trades despite the up & down action of the various markets. Volatility can be a traders paradise, but an investors nightmare as price basically can remain the same in the up & down battle for direction. Having technical analysis, some cycle counts , and a bit of experience in our tool box , we gain an edge in certain areas. This weekend report will highlight some interesting charts ( 24 charts again to be exact!) ...so to the charts!!!

Well look at this break out in OIL

It exploded at the end of Friday and shot up 8%. That is a lot for a commodity like OIL. It closed above the 10 & 20 sma for the first time in a long time , as you can see.

Quick Friday Update

January 30, 2015 /37 Comments/in Premium /by Alex - Chart Freak

I dont always see the need to post Friday , because Thursdays report covers my expectations and Friday usually doesnt leave me with much to say until the big weekend report. Today I just felt the need for a quick update because 2 questions arise...

1. Has anything changed?

2. Do you want to hold over the weekend? QUICK commentary

$NATGAS - The "Floor" broke down. May just be a 'test', but you should be out

SPX/QQQ/DJIA ...

Things Are Looking A Little Clearer Now

January 29, 2015 /57 Comments/in Premium /by Alex - Chart Freak

You can just Re-Read yesterdays report on the General markets , and then come back here and see how much clearer it looks with the charts supplied today. Yesterday I was saying that Futures where up , but could it last? ....

Well, Let me just start with a chart that I posted yesterday ...

Now check this out...

F.O.M.C – Back At The Crossroads

January 28, 2015 /19 Comments/in Premium /by Alex - Chart Freak

(This report was written Tuesday night )

Warning, this report goes against " common group think" Why? Well , I want to show why slowly but surely it looks like the "Buy The Dips" crowd may be exiting the building and the next few charts may be proof. AAPL & YHOO had pretty good earnings, can they save the day? Or will it prove to be just another bounce? We shall soon see, but it's also another F.O.M.C. Wednesday and as you know...anything can happen after 2 P.M. Eastern time! In the meantime, lets glance at a few charts.

MSFT - Oh she used to be a wall street darling. This is a Weekly chart and so far the volume is HUGE for 2 days.

Is that just a fluke? A one bad amongst many beauties? ...

I WANT TO SHARE SOME TRADE IDEAS

January 26, 2015 /41 Comments/in Premium /by Alex - Chart Freak

Due to the Storm approaching New England, I may lose power ( As mentioned in my wkend report), So I want to share a few possible trade ideas for you to watch , in case I wont able to post anything tomorrow. Let me start by showing you an Energy stock that got taken out to the whipping post. It is beaten down and double bottomed. It seems like all of the downside ( At least for now) has been met. Risk reward is skewed toward less risk (Using stops) and more upside potential if conditions play out. Some of these stocks could just "Bounce" and do very well.

EXXI WEEKLY - Double bottom with a MACD cross?

Why would I call it low risk though? Isnt it high risk, in danger of getting cut in half again? Well, consider this...

I Want To Emphasize Caution

January 25, 2015 /23 Comments/in Premium /by Alex - Chart Freak

Have you ever seen Black Ice? living in New England I've seen it a lot. It looks like solid dry black pavement, but Suddenly you see someone walking along and Whoosh! , their feet fly out from under them and they are flat on their back. Invisible Ice. Well on occasion, I've seen something similar occur in the markets. You're going along and all things look solid and safe when suddenly...Whoosh! things slip away. I want to mention this now and first off, so that THAT image sticks in your mind when I cover the weekdend report.

Our recent consolidation that was looking a little Bearish in many ways (as shown in prior reports) Got Draghi juice and suddenly looks a little more normal. This is the SOX index on Friday

Does that mean we'll break out in Bullish fashion soon? ...