Author Archive for: Alex - Chart Freak
Entries by Alex - Chart Freak
Not Much Has Changed
This week is usually a lighter volume / traders going on vacation - holiday week of trading. Not much has changed from Fridays report. Things really have to play out further to confirm our expectations or to change them. In other words...not much has changed. We experienced another peoriod of selling similar to what we had in Oct. Many twondered if the Sell off would end the year ugly and then suddenly , right on time ...
QQQ wkly
Its a strong reversal on a weekly basis and take a look at the next chart...
Its Triple Witching Friday
Today is triple witching and that can increase volatility and volumes. The first hour tends to see the volatility, and by the last hour the total day volume increases become evident. If you are long the markets , you'll be happy to know that usually there is a bullish bias to Decembers triple witching activity. Nothing is guaranteed, so We'll have to wait and see.
SPX hit that lower target and reversed as seen here
As shown yesterday on the charts that I had drawn up for QQQ, IWC, IWM, RUT and so on, these markets are being bought at targets as that BUY THE DIPS mantra continues
SWINGS!
When I was a kid, I used to really love playing on the swings. Then when I grew up I found that I still love to play with the swings. ‘Market Swings’ ! They can actually be profitable to an investor or trader, because they may afford a low risk entry with potentially more […]
Survived Another Fed Wednesday Storm
Just as I mentioned in the Wednesday morning report, The Fed Wednesday Storm was enough to more than Rock The Boat. If you watched the action from 2 P.M. to market close , the name of the game was Volatility. Remember though, sometimes the storms wash the landscape clean and we see the light of a new day, and today lets discuss the beauty of what might be...
FED MTG TODAY
In the past I have found that either on Fed Wednesday or Follow Through Thursday much of the analysis, whether it's using cycles, Tech Analysis, Fundamentals, etc - is both correct for a short time, then wrong for a short time, then correct again, then wrong again, and then the true direction that is going to hold finally seems to take hold. So for today ....
REVERSALS EVERYWHERE- WILL THEY HOLD
Today is a day full of reversals. The question is , with the FED MEETING tomorrow , will they stick? Some like OIL & ENERGY seem to have been put in with conviction, if they close here. Sure- some of the energy stocks are up 15 – 20 % , but in recent […]
