June 19- FOMC Countdown

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I want to open up a part of the premium report that my subscribers received this morning to the Public.   We are waiting on a FOMC Decision and things often get volatile around that time, so I wanted to share some interesting observations that I have with my readers. After discussing the General Markets and Oil, the report continued with these thoughts...

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USD - My unbiased look at the USD has me thinking that it looks like it wants to go higher short term. If the Fed  DOES NOT cut rates,  the USD could continue a little higher.  However the 50sma could stop the dollars rise because, ...

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Big Picture Weekend Report – June 8th

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I am opening up part of the Big Picture Weekend Report to the Public.  During the week, I focus  my daily reports on daily action in various sectors of the market.  I then also may offer some lower risk entry points or buy set ups if they develop during pull backs. In the weekend report, however, I take a step back and focus on the Big Picture , and this is more than of that report.  Enjoy!

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June 3rd – DIGGING FOR GOLD

My last Public Report was posted on May 11th, where I discussed the big Picture of the General Markets, and what it could mean for the GOLD, SILVER, & The MINERS, and I covered Bitcoin too.   I will do a quick review here using charts from my last public report, and then an update from this weekends premium report.   Since my last May 11th Public Report, we've continued to dig in to the Precious Metals charts,  have taken positions, and are finding that things are now playing out very bullishly for Gold, Silver, and Miners  (As expected).   Todays public report will include a good portion of my recent weekend report.

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May 11th – A Big Picture Report For The Public

It has been a while since I posted a Public Report, so I want to post part of this past weekends report to the Public.

 For my Readers,  I post daily reports to discuss the markets and also offer 'trade set ups' if certain sectors are acting bullishly,  but I like to use the weekend report  to step back and take a look at the Bigger Picture.  This report will show you some of what we have been discussing at Chartfreak.   This is part of the May 11 Big Picture Weekend report .

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An Index & Market Update

The following is an update on the market and indexes.  The charts are a sample of Alex's work from the week.    (2/8/19)

We have been expecting a bit of  pull back in the General Markets, and it would likely start after the SPX tagged that 200sma.   I am not expecting a wash out sell off, it will be more of a ' Buy the Dip' type of pull back into the first dcl, but if you want to hold on to most of your recent gains?  Then at the first signs of cracks in the ice,  you would certainly tighten stops or take some profits.  You want to Stay Frosty for a while.

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SPX - The SPX tagged that 200sma,  dropped to the 10 sma,  and bounced  bit into the end of the day. We are on Day 30  and I expect this to eventually back test the 50sma.

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Trading Technique: Go Where the Action Is

(The following is a sample of Alex’s work from the week.  This is more of a sophisticated trading technique best served for traders with some experience under their belt.)

(From 2/1/19)

This example is a case where a trader is holding several positions and while active trading them, notices that one is beginning to run while the other is maintaining its bullish nature; but, it is ‘crawling’ along.  Alex mentioned in the comments yesterday that he was planning to roll part of his position, here is his explanation:

I sold some ACB and bought more HEXO.  Why?  Is there something wrong with the ACB Set up?  No, but using intra-day charts,  HEXO looked ready to start running  ‘NOW.   I have been waiting for HEXO, ACB, and NBEV to get moving faster, but they have just been bullishly crawling along.   Well,  if I see one start moving on intraday charts… I just wanted to flip over to the action, but nothing is wrong with ACB, and I still own some.

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HEXO – So I like the way it has held the 10 sma and volume started to surge today again.  ACB is still on the 200sma, it just needs to get moving.   Who knows, maybe  HEXO runs to $7, and then ACB starts going, and I switch a portion back , from HEXO to ACB.   That is just how I trade.

 

(From 1/31/19)

For the experienced trader, playing the ‘bounce.’

KEG  – KEG has a double bottom low, yet the MACD is strongly pushing higher.  The first low was the Final capitulation low, usually a solid Bottom.  It closed green, so we have a small reversal, but if you see upside, that could be a buy with a stop under the double bottom lows.   I  have to post this as a bit risky, it has had a reverse split and sold off heavily etc, but notice that  it sold from $10 to $1 in a month.  A ‘Bounce’ alone could offer very good gains for the experienced trader. 

 

Chart Freak Membership

Alex has been successfully writing a daily newsletter service for nearly four years now and is considered one of the best traders of precious metals miners, energy/uranium stocks, and biotechs.   This is your opportunity to join his service as a member and follow along as we enter the next bullish gold Cycle higher.

If you would like to find out more about the service or sign up, please click the buy option for more details.

 

 

Round 2. Pot Stocks

I want to show you how I follow individual stocks over the course of a month.  In this post, I’ll show you how I have been covering NBEV.

[The following is a sample of Alex’s work over the past few weeks]

(1/10/19)

NBEV  DECEMBER 21  – Back on Dec 21, NBEB broke down through an uptrend and  notice that it was Overbought .   I mentioned that it is possible that the 50sma would support it,  it could go sideways, and  form an INVERSE H&S as drawn here.   If so I would re-buy it, because this too ran swiftly.  Well guess what?

 

NBEV   – no longer overbought, it is oversold and did form an inverse H&S,  so I have been watching it daily as it rode along the 10 sma, and …

 

NBEV   – INTRADAY I watched a triangle form along a support line .  It was at he APEX at the open  yesterday and as it broke out  I jumped in.  I posted this to show that I would also like to ‘add’ on a possible back test,  but…

 

 

 

NBEV   – It flagged sideways by midday, so I  just ‘added’ again and mentioned it in the comments.  This too then broke even higher…

 

 

 

Finally, By the end of the day  NBEV had run up 11% and closed at $6.10.  The sector is acting correctly.

 

 

(1/18/19)

NBEV   –  I posted this in the morning, and NBEV traded all over the place yesterday.  THIS may be support that now holds going forward, I will look for follow through.  I own NBEV.

 

(1/24/19)

NBEV Daily – New Age Beverage has entered the CBD infused Beverage business, and has been drawing in buyers, but it DOES move quickly in both directions.   The daily chart of NBEV seems to have price climbing along a trend line or channel rather nicely, so this would be a good place to add or even start a trade.  We got a nice reversal Wednesday, and I would expect that it continues higher from here. If it breaks above the RED TREND LINE Thursday, that is bullish.  Let’s look at the weekly.

 

 

NBEV WEEKLY – We have a weekly reversal off of the weekly 8 ema and that uptrend line too.  You could put a stop under the weekly low, which is about $5.90.

 

 

As a bonus, the $MJ etf from 1/25/19

MJ ETF –  As mentioned in prior reports, I expect a second leg higher here soon.  Crawling along the 200sma is bullish and can be bought with a stop ( loose) .

 

Chart Freak Membership

Alex has been successfully writing a daily newsletter service for nearly four years now and is considered one of the best traders of precious metals miners, energy/uranium stocks, and biotechs.   This is your opportunity to join his service as a member and follow along as we enter the next bullish gold Cycle higher.

If you would like to find out more about the service or sign up, please click the buy option for more details.

Precious Metals – “Oh My Precious”

Let’s take a look at Precious Metals

(Below is a sample of Alex’s work from the week)

 

GOLD –  I posted this in the comments, just showing how GOLD does not want to sell off, it has formed a triangle so far.

 

GOLD #1 – I have stated in the past that ‘TRIANGLES’ usually mess up daily cycle counts, so I just focus on what is in front of me.  At this point,  it is a Bull flag chewing away at consolidation on the far left ( May / June trading).   I would have expected a back test of the  50 & 200sma, but so far it just wont sell down. 

 

GOLD – We are in the APEX, so this has to break up or down now. Breaking down would break the blue trend line, and usually that is what we see as a dcl, so look for a break of the blue trend line, and a reversal higher may indicate a dcl.  Honestly though, I ignore cycles when triangles form & Bullishness persists.

 

 

SILVER 10 sma  – Silver broke below the 10 sma, but it also looks like a bull flag, so…

 

SILVER  20 sma   –  Let’s see if the 20 sma acts as support, price did not break the 20sma on the run higher in November.

 

 

GDX –  My current thoughts :  I know that GDX held the 200 sma lately, but is it a mini bear flag?  I think that this can drop to the 50sma. Notice – It is under the 10sma, the 10sma is curled down, and I would normally expect a break of the blue trend line.  So I’m still watching for a tag or break of the 50sma.  IF THIS BREAKS OUT HIGHER above the 10sma, you can  simply ‘adjust to that’ and Buy it with a tighter stop under the 200sma, or a loose one under the 50sma. .

(from 1/17/19)

Let’s look at some Bullish Metals leaders, and then some that should play catch up

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HBM  – I pointed out This as a BUY, inverse H&S.  I also had some other bullish looking METALS stocks .  HBM as an inverse H&S,  TGB, WRN, CPST, X, AKS, etc etc . were bullishly popping too.     Here on Jan 4th,  the  HBM  volume pops look Bullish…

HBM  – HBM has been running with strong volume from there, and the Metals still seem to be  basing and Bullish.

 

 

CPST #1 –  Capstone Turbine usually runs with Metals. I posted that this had a large POP out of the base, look for a possible bull flag to buy…

CPST #2 –  I posted this as a bullish crawl along the 50 sma, a Bull Flag, and a break out.  It popped  10% again as a leader.  It continued higher as the day went on…

CPST #3– And closed up almost 20%,  and …

CPST #3  – CPST continues to  lead the way higher.   So let’s look at a few other Metals stocks setting up bullishly…

 

 

 

CLF  – Crawling under the 50sma,  this looks ready to pop higher soon. I would buy this , AKS, X, or many of these below with a stop in a reasonable place , in case of any bed news releases.  Hold a small basket of stocks for safety or start with smaller positions.

 

 

AKS – This is also crawling sideways and looks ready to pop soon.  Read the chart.  So keep your eye on your watchlist of X, CENX, AA, VALE, TGB, WRN, ETC.

 

ZEUS  broke out yesterday, as a possible leader, so watch X, AKS, etc. 

 

Chart Freak Membership

Alex has been successfully writing a daily newsletter service for nearly four years now and is considered one of the best traders of precious metals miners, energy/uranium stocks, and biotechs.   This is your opportunity to join his service as a member and follow along as we enter the next bullish gold Cycle higher.

If you would like to find out more about the service or sign up, please click the buy option for more details.

 

Let me tell you a story about gold.

Gold has been on a run during this market correction.  There is more to the story and I’d like to show you.

 

Before we get started, lets look back at $GDX and $GDXJ how they closed out 2018…

THE MONTH OF DECEMBER HAS NOW CLOSED,  AND THERE IS NOTHING BEARISH ABOUT THIS MONTHLY CHART.  THIS IS A VERY BULLISH LOOKING CHART!  THIS LOOKS VERY BULLISH FOR 2019!

 

GDXJ MONTHLY –  December has ended and this is the first Positive Month since MAY!   I pointed out that down trend line last weekend,  and it has been broken!   Again, I see NOTHING BEARISH about this chart.  2019 Could be a very profitable year !

(The following is a sample of Alex’s work from the past week)

(1/9/19)

GOLD LIVE WEDNESDAY JAN 9th-  Gold has been dropping, but it is mild at this point.  I’d like to see more of a drop.

ALO –  In December I pointed this out as a lagger that Popped and was a buy. I pointed out that these bases can actually produce a nice run . 

ALOIt ran and is now Bull Flagging.   I then pointed out other stocks that resemble this set up, and mentioned that they could be bought as those ‘lagging stocks trying to play catch up’  ( Advice:  a small basket to avoid individual risk, and  you can also use a small position size).  

 

 

NGDHere we go,  JAN 3rd, a similar base as ALO  was pointed out here and looking ready to go.  It popped 10 % here and I was looking for a nice run to the 200 sma as possible over time.  

NGD –  Boom Boom Boom-  it is playing catch up, even on days when GDX & GDXJ were down.  So I see that as an indication that some of these will act on their own,  as buyers step in to accumulate. 

GORO DEC 31  – So I used this chart and said that it looks similar to ALO and NGD, but it needs a bit more sign of strength. I wouldn’t just buy a 1 day reversal, but…

GORO  – It started pushing on that 50sma, and Tuesday it POPPED above it. THAT IS A BUY.  GDX & GDXJ were down at the time,  they were pulling back, but GORO was being bought up.  This  is a buy, but I did notice the DEEP RED CRASH DAY every 3 months before the base (red arrow).  That MIGHT be earnings, so be aware of the earnings date. 

 

HL –  HL was a BUY on JAN 3 too.  It has lagged, and it was a Silver stock still at the very lows, MACD rising.  Low risk, with a stop at the lows.   $2.47

HL –   It started flagging sideways and Tuesday HL has a 10 % POP.  Again,  this happened while GOLD, GDX, and GDXJ were down.  SO IF CYCLES SAY GOLD & GDX Need  a pull back,  maybe some of these that didn’t join in on the run higher in December  (laggers or Base building) will still just do  their own thing in January?   

 

 

HL – It could easily run, crawl along the 50sma, and break out as shown here. 

 

(1/11/19)

GDX  – If we can get a drop,  it might only look like this,  but so far GDX got choppy again.   Believe it or not,  this is 3 weeks sideways. It is simply going sideways along the 200 sma now, and that can be a Bullish Crawl.  IF GOLD BREAKS OUT HIGHER, THIS CRAWL ALONG THE 200 SMA MAY BE THE ONLY PULL BACK THAT WE SEE ALSO. 

CDE  –  So some Miners do look like they could pull back for a buy opportunity.  CDE could tag that 50sma unless it just breaks this apex higher. 

 

Chart Freak Membership

Alex has been successfully writing a daily newsletter service for nearly four years now and is considered one of the best traders of precious metals miners, energy/uranium stocks, and biotechs.   This is your opportunity to join his service as a member and follow along as we enter the next bullish gold Cycle higher.

If you would like to find out more about the service or sign up, please click the buy option for more details.

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  –  WHAT A RUN IN SEPTEMBER!    I bought NBEV  instead of  WTER and it moves fast.    It is pushing on the 50sma,  so lets take a look at WTER.

(Below chart from 12/14)

NBEV  – NBEV Reversed Thursday, and I think that it could drop to the $5 area,  if this is a back test of the 50sma.

 

(Below charts from 12/12)

TWTR  – The Stock Market (NASDAQ)  is back at the October lows,  but  TWTR  moved from $26 at the October lows to almost $36 in at October highs, and now it is still at $34 and looks ready to break out even higher.   And…

 

TWTR  – I stepped back and saw

1.  A large inverse H&S formed

2.  With price now above the 50sma,  and

3.  The 50sma is already curling upward.  This looks Bullish now.

(Below chart from 12/14)

TWTR  –   This remains a bullish set up.  I  personally would not use too  tight of a stop on a set up like this.  A stop under the 200sma should keep you in the trade and not have to worry about the wiggles.   This has rallied since the October lows and did NOT follow the markets back down to the lows, so it is a bullish set up.

 

(Below chart from 12/6)

I said that I bought UBX near the 50sma, and it continued higher.

 

(Below chart from 12/14)

UBX  –  This stock just will not stop  🙂     $12 to almost $17  since last week.   I liked this one for the volume coming out of that base too.

 

As a bonus: Keep an eye on Oil.

(Chart from 12/14)

WTIC  –  Oil seems to be basing after putting in  a low 9 days ago, and the MACD is rising. This looks pretty promising.

Chart Freak Membership

Alex has been successfully writing a daily newsletter service for nearly four years now and is considered one of the best traders of precious metals miners, energy/uranium stocks, and biotechs.   This is your opportunity to join his service as a member and follow along as we enter the next bullish gold Cycle higher.

If you would like to find out more about the service or sign up, please click the buy option for more details.