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Market chop, Pop & Drop. Let's review the markets with an occasional reminder thrown in there too...
SPX - These markets may eventually "get over it" , but so far they seem to have something against the New Fed Chairman. It could be his discussing 3-4 interest rate hike plan for 2018. Read the chart. So far this is a day 11 gap fill above the 50sma, let's look at the NASDAQ...
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Alex - Chart Freak2018-02-28 12:18:572018-02-28 12:19:39Feb 28th – RemindersSince the weekend report, we are seeing what was expected out of the General Markets & Oil, so I am going to get right to a few other areas first, and then I will have a couple of Stock Picks to consider.
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Alex - Chart Freak2018-02-27 12:21:242018-02-27 12:59:08Feb 27th – Tuesdays IdeasWith recent market volatility and a potential V-Type Bottom in place in the General Markets, I wanted to review the current markets, but along with that, I will also have a separate 'lesson' at the end of the report. It will address why it is a set up to play long out of those lows, but it is also prudent to proceed with caution. Why use the trailing stop?
SPX DAILY - Day 9 and the SPX closed above the 50 sma Friday. Many here bought this reversal off of the 200sma when it was mentioned 2 weeks ago, and after stalling for a week in a bull flag, it looks like it may give additional follow through next week.
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Alex - Chart Freak2018-02-25 14:21:532018-02-25 14:54:10Feb 24th Weekend Report
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