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

Hanging In There?

January 15, 2015 /34 Comments/in Premium /by Alex - Chart Freak

Volatility is here and the markets are rocking and rolling. If you have been reading my thoughts here, you know which ones are 'Buy the dips' and which are not. Lets review.

I said that I was interested in this , for one thing. A break above 22 would be 'Interesting' to say the least. Do you know where we are now?

Well, the markets gapped down big yesterday and and thus Vix gapped open to 24 recently and then sold off back under that line to $21.50 yesterday . Is that the end of it?

TIME

January 13, 2015 /16 Comments/in Premium /by Alex - Chart Freak

This message is an afternoon update.

Was That A Curve Ball?

January 13, 2015 /22 Comments/in Premium /by Alex - Chart Freak

Judging by the intensity on that pitchers face? I'd say he's throwing some heat, maybe a fastball. When it comes to Metals and Miners , however, I think many were fooled the recent action and in that case you may hear them say, "It really threw me a curve ball! " Understandably , the past few years in Metals and miners have been ugly for the bulls, but there were definitely a number of factors that helped us here at Chartfreak to navigate the recent lows, and identify that this was NOT a break down. Its slowly becoming clearer to all that Miners were telling the story and Metals were not forming a bear flag as some suspected. Metals have been putting in some constructive lows. The move higher might become rather swift at this point too , and I'll show you what I mean in this report, but the real question is... Are these rallies going to last? Or should we be alert to future downside? We'll address that too. To the Charts!!

First the general markets. please read this chart .

Not much has changed in my thinking about the possibilities for the general markets going forward, lets review...

Miners Are Acting Correctly

January 12, 2015 /9 Comments/in Public /by Alex - Chart Freak

I posted for the public blog in Nov & Dec many times that I was expecting a strong move in Metals and Miners. It was Very unpopular and many were ( Understandably) quite nervous about entering and holding any positions, especially over the weekends. Others doubted the idea all together. In the premium strategies section of this site, I have been recommending Miners with proper 'Set ups' that were projecting strong moves higher and I was also giving strong reason in both Nov & Dec that buying then would pay off going forward. Bases were being built and could move up at any time. Still, it wasnt easy back then at the lows.

Some Miners have done very well since then. People are gaining confidence that maybe the move could be profitable for them too . Let me show you what we here at chartfreak have been looking at.

IAG , CDE , HL, AG were just a few that were recommended early on .

IAG ran from $1.40 to $2.50 and consolidated for a while. It ended up moving 100% off of the lows already. Last week it pulled back and reversed at the 10sma. These leaders are looking good and acting correctly , which adds confidence to our holding positions.

To further add confidence to the possible moves, lets review another set up recommended here .

Looking for a Miner?

January 12, 2015 /11 Comments/in Premium /by Alex - Chart Freak

Are you looking for another miner?

I have been posting some good buy set ups, and they have played out very well. If you missed them or I know that some have even told me that they took profits recently, only to see them continue higher. What to do? Look for another decent "set up". SO I want to share a some good looking set ups here with you now.

Week ending Jan 9 Review

January 12, 2015 /11 Comments/in Premium /by Alex - Chart Freak

I like to look back at the end of each week and just see if the charts are telling us anything new. Are they confirming what we expected ? Are there new implications? Is there something there can boosts our confidence moving forward? This week , I see all of the above . Lets review .

Lets take a look at the $USD for a moment- practically straight up

Ooops, wrong image, but they look the same. Here is the correct chart of the $USD

Is it really going to pause? Well, lets look at a few other charts ...

JUST CHARTS & THOUGHTS

January 9, 2015 /14 Comments/in Premium /by Alex - Chart Freak

Weeks ago I mentioned that sometimes when the markets are breaking to new highs on weakness, it can cause volatility and lack of direction. Do you feel that we are seeing that now? This chart from DEC 23 showed what I was referring to as we broke to new highs with weakness. I was afraid that we might be heading there again.

Its can be hard to make good Money when the volatility has markets ( say the Dow for example ) moving up & down 100's of points daily. Down 300 , up 200, down 300, up 320, down 250, etc etc etc . Yesterday the Markets re-gained the 50sma and today they are giving it up again. Volume is a tad heavyish so far today and I am again watching the close to see if we get an idea what to expect going forward...

JAN 8 Follow up / Quick Turns

January 8, 2015 /16 Comments/in Premium /by Alex - Chart Freak

Well I was hoping I could use this picture again , what a Fast moving beauty! : ) Actually , speaking of fast moves , this is an update to this mornings post. As we watch things unfold here , and I mentioned what I was looking for, I hope you are seeing what I am seeing.

OBSERVATIONS

January 8, 2015 /10 Comments/in Public /by Alex - Chart Freak

I have been watching the various markets intently , examining internals and how they've reacted under similar circumstances in the past to try to get an idea of what to expect . I think that I have done rather well with the general markets and Metals and miners, but I must say...there are some extremes in some areas that I have just left alone until I get a clearer idea of how things may unfold going forward. What am I referring to? Well, specifically the ENERGY sector with OIL and NATGAS has been a little tricky, and of course the $USD has been very strong - now even higher than I anticipated. lets take a look at those areas. They that have been difficult to call, for Sure.

I know what I "Guess" they could do, but when it comes to putting advice in my premium reports on these sectors, I have decided to just wait until things clear up , and focus on some other very trade-able areas.

I expected the $USD to stop in the $92 area. ( Actually, I had that as a target, but I thought it may not make it there, I mentioned that it could roll over near 91 because GOLD began completely ignoring the $USD strength. I assumed GOLD was sniffing out Dollar weakening).

I posted this chart Jan 2- $92 target

Then on JAN 5 , I noticed this ...

Nothing Has Changed

January 8, 2015 /13 Comments/in Premium /by Alex - Chart Freak

You could basically read my last few reports and get the same results. Even though the numbers have changed and the moves are taking place, my outlook hasnt changed.

Here is yesterdays wkly chart of SPX - we expected a move higher, but a bounce or a buy the dip recovery?

I thought that the markets looked a little 'different' this time, so I mentioned that it could 'fail' . Yesterday we did have a reversal

And CNBC had a lot of people on saying, "You just have to Buy the Dips. Its been working for years now! " Is THAT what I mean when I say nothing has changed?...