Entries by Alex - Chart Freak

WEDNESDAY – FOMC DECISION

Today is the FOMC Decision, and even though the rate hike is supposed to be figured in, These markets are stretching out and could see a sharp reaction when the time comes.  Let's take a look at Tuesdays market action...

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SPX - This small candle with a new low on day 34 allows for a swing low with a move above Tuesdays highs  (2573.99).  If the FOMC Decision changes the markets direction, it is possible that we will have a DCL & even an ICL.

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Some Winning Stocks You Might Have Missed

The overall market has been very choppy and that an be frustrating for a lot of traders. However, there were some real winning stocks this week. Did you catch them? Some of the highlights were $NBEV $TWTR $UBX (Below is a sample of Alex’s work from throughout the week. ) (Below chart from 12/11) NBEV  […]

Friday Dec 14th – Still A Little Choppy

 

SPX #1 -  I captured this after the first hour of trading and I posted it in the chat area. Each morning Gap higher ends up selling off.  Would this be bought up into the close this time ?

 

SPX #2  - No, it closed slightly red.  I have been watching the Cycle count in anticipation for a DCL ( ICL).  I said that day 18 was too early and  now we have a day 28 low.  THAT  might also be a bit early too, since many daily cycles extend to 30 plus days.   This could just surge higher and be counted as day 4 Friday,  but take a look at this...

 

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Dec 13th – Mainly Picks

The outlook for the Markets has not changed from my prior reports with the trading on Wednesday,  so today we will mainly look at some more Picks.  I also want to look at Oil and cover something important with the Miners,  so let's begin, this is a long report...

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Dec 7th – Fast Markets, Fast Reversals

  After dropping 800 points on Tuesday, if I told you that the DOW JONES rallied more than 700 Points on Thursday, would you believe me?

 Well, it actually did,  but that was only after it dropped over another 800 points first!  These markets have been fast, choppy, and Crazy at times.    Within just 1 week we saw 2 Bullish bursts after Powell and the G20 Mtg, followed by 2 days of crashing  that actually erased weeks of trading.

  Well, today is Friday,  the last trading day of the week.    Let's look at some of the market action, and this weekend I will cover more detail in the Big Picture Weekend Update. ...

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SPX #1-  Day 26 of this daily cycle saw a  big crash & a big reversal too.  What Might be next in the short term ?

 

 

 

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