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Financial market movements can be erratic on days when options and futures contracts expire, especially on Triple Witching Friday. Today is that day. Along with that, I want to point out a couple of 'Cracks' that may be appearing in various parts of the Markets. When cracks begin to show up, it is good to take note and use a little more caution, because the strength of what is supporting things may give way. Let's take a look...
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SPX - The SPX is at resistance, as mentioned in prior reports. I also said that it could get choppy from here...
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Alex - Chart Freak2019-03-15 10:11:572019-03-15 10:11:57March 15th – Watch For ‘Cracks’
SPX - The SPX ran up to that resistance line and pulled back. I mentioned that this might become choppy in my last report. We'll see.
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Alex - Chart Freak2019-03-14 11:32:582019-03-14 11:32:58Thursday March 14th- Good TradingSome of the trade set ups that we have been reviewing are resolving quickly to the upside, so it may require pouncing on the set up before it breaks out, and it also may involve jumping off of the trade or cashing in, before it pulls back. Well, that is if you are in it as a short term trade. Some can be held for longer periods of time and allow them to play out. We will discuss that at the end of the report. Let's review the markets.
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SPX - The SPX closed above the 10sma again, but it is also back in that resistance area. It got choppy here at the end of February, and that may happen again if it can't break through resistance. The MACD is not breaking as strongly as price- usually indicates short term choppy.
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Alex - Chart Freak2019-03-13 11:26:352019-03-13 11:26:35Wednesday March 13th – Fast Trades
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Alex - Chart Freak2019-03-12 11:37:402019-03-12 11:37:40Tuesday March 12thThis is a long weekend report, but I want to discuss a few reminders pertaining to The Precious Metals sector, so lets dig right in...
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SPX WEEKLY - I was expecting a drop in the general Markets, so I went short. The Jobs report was a HUGE miss, but the selling actually started before that report was released. As you can see, we got a big 1 week drop. Prior drops like that usually were not isolated '1 week wonders', so we may get some follow through selling to the 10 weekly MA.
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Alex - Chart Freak2019-03-09 22:02:502019-03-09 22:02:50March 9th – Big Picture FormationsWe have reached the last trading day of the week again. Let's see how things have been playing out...
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Alex - Chart Freak2019-03-08 12:12:432019-03-08 12:12:43Friday March 8I want to discuss a few things as we go through our Market Review today, so let's dig in...
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These first 2 charts are from yesterdays report:
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SPX – The SPX has broken down from the channel, the gap open seems to have back-tested it Monday, and I still think that we are coming due for a dip, plus…
TRAN – The Transports have been leading the way and may eventually drop to the 50sma.
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Alex - Chart Freak2019-03-07 12:19:032019-03-07 12:20:40March 7th – Market ThoughtsAfter a quick review of the Markets, I want to discuss some really nice looking 'set ups' that have been playing out for the short term Traders and medium to longer term investors alike.
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Alex - Chart Freak2019-03-06 12:20:522019-03-06 12:25:09Wednesday – A Nice Set UpVIX - In reports last week, I mentioned that the General Markets have been moving fairly smoothly up and out of a V-Bottom. I also discussed that the VIX looked as though it could start getting choppy and this would cause volatility in the General Markets too.
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On Monday, the VIX surged to the 200sma and the markets sold off. The VIX MACD also seems positive for a push higher, but it was capped at the 200sma like it has been in the past. So far the VIX is near recent lows, but I'm keeping an eye on it.
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Alex - Chart Freak2019-03-05 12:12:092019-03-05 12:14:30March 5th – Tuesday
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Alex - Chart Freak2019-03-02 18:45:542019-03-02 18:45:54March 2nd -The Weekend Report
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