Author Archive for: Alex - Chart Freak

Tuesday Sept 16 , 2014  There was a time that I HATED pullbacks in the Markets. Many years ago I thought something might be wrong when Markets sold off.  CNBC would tell me that it was because of "THIS" and "THAT" , and there was no end in sight to "THOSE THINGS".  I worried that the sell offs would gain momentum and people would panic out leaving me with losses. Come to think of it, back then it did kind of work that way, but thats mainly because of WHEN I bought, and DIDNT SELL.  15 years later , and  in this recent  Bull Market, I love the Pull backs.  They have been great buying opportunities, and while the Bull Market can end at any time (and  you'll need to reassess and change your strategy then) for the past few years,  "BUY THE DIPS" has been the best way to make $$.  If you've been watching stocks rip higher and Higher day after day and then jumped in after they've been up 5 days in a row - you realize that 'BUY THE DIPS, SELL THE RIPS' is a good strategy.

  As a reminder, I posted a chart last SEPT 5th of the SPX, showing what  I watch for.  Here is an Updated one .   Notice  we repeatedly run up, often go sideways, then dip...often to the 50sma or 125 in bigger corrections.   Where are we now ?

There is one thing that may be of concern. The FED is discussing possibly raising rates sooner then later and how will the MKT perceive that?  Notice in the above chart that the SPX has basically gone straight up lately....

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WEEKEND UPDATE SEPT 13, 2014   I wanted to just go back over the ideas / trades that I have been posting in the past few weeks.  Most have had great success really, some obviously more than others, (Yes a few failed & broke down , namely WEAT, CORN, DBA & GDXJ but we weren't buying those yet until they proved themselves- and they tanked). By examining past trades & thinking, and re-examining what the "Set up" was that lead to those gains, we benefit.   How?   As I wrote in the last 2 reports entitled 'GIANTS AMONG US' and 'TRADERS PARADISE' - these set ups are still forming and even trades already mentioned and future ones that I will point out are still valid. The "traders Paradise"  does not appear to be over. I have gone over tons of charts this a.m. and I know in advance that this will be my longest report to date, so I am going to try to be 'brief in words' and 'long in charts'. Feel free to ask questions in the 'comments' section if my brevity leaves out something you need to know.   SO LETS REVIEW...To The Charts!!!

I got a Tweet asking , Why didn't you cover Gold stocks in UR last report...

Here is why , I last posted this in August ...

Did it Fail at the "Test" of the 50sma as mentioned?  Yes...

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September 8 , 2014   There are Giants among us indeed.  Have you seen any?  In my last report I mentioned a few (see  DGLY, JRJC,HGSH, etc) and today (Now Tonight- I tried to finish this report Earlier today, but it didnt happen) That question remains even more valid, they are popping up more & more. As you will see, the question is not only  "Have you seen any Giants?" but "Can I catch a Giant?". It is absolutely a traders paradise out there.  Before we get to that, let me discuss the Markets . These charts are from this weekend when I intended to write this, and since most are long term charts, I will still use them- nothing has changed.

Originally I wanted to point out that as these markets break to new highs, they also simply consolidate, pullback , run higher...basically "Do their thing" in an uptrend. Nothing really too unusual thus far, but within these markets, some equities are growing up in a GIANT way.  Beaten down stocks with Strong earnings are taking off like Rockets on the launch pad.  It makes me wonder, are we going to just see a blow off parabola , irrational exuberance stage in the markets eventually too? I cant tell here yet, notice here how the markets themselves just seem to be acting normally.

And on this chart of the SPX , each pullback so far...despite Geopolitical concerns , The Fed, Dragi and so on, are normal retracements in an uptrend...

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AUG 25, 2014             Oh, I'm sorry, those are crazy small cats in the picture, but have you seen some of the CRAZY SMALL CAPS?  Rather explosive moves have been occurring  in many small caps like  LEJU, JRJC, HGSH, DGLY, KNDI, MOBI, DANG, after experiencing rather steep sell offs. As mentioned in my last report, I have been very busy this August, so while I did catch a couple of these baby rocket-ships early on due to their "Set ups"   (Leju & JRJC) ...I also have been forced to sell way too soon.  JRJC was sold at $8 for example, and They are still running nicely. They have left me behind after I sold them.  The point that I am making here, however, is that certain 'set ups' after a steep sell off can indicate a possible explosive move is coming and those were just a few examples.  IF THERE ARE MORE currently setting up that have not exploded upwards yet...there may be opportunity for more Low Risk Entries prior to a nice POP (I cant re-enter the above mentioned unless they pullback).

First lets review a few things in various Markets...

When the markets sell off, you hear all kinds of warnings, but it has been buying opportunities as the selling became overdone.

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AUG 5  12 Eastern time -     I just wanted to quickly review my expectations. Things look normal in the Metals and Miners at first glance, but are they really just Normal? Or are there other things to consider?  I'll show you what I expect short term, but I am also seeing something else in the bigger picture.   To the charts!

GLD  looks like a normal re-trace & Gap fill.

As mentioned in Yesterdays report - With the descending wedge and oversold conditions, I would expect a break higher soon.

What about Silver?  It looks like its selling off harder than Gold today, so Lets look at a few more charts ...

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