https://chartfreak.com/wp-content/uploads/sites/18/2015/01/CROSSROAD.jpg 353 603 Alex - Chart Freak https://www.chartfreak.com/wp-content/uploads/sites/18/2019/11/Chart-Freak-site-logo.png Alex - Chart Freak2015-01-28 12:04:092015-01-28 12:49:21F.O.M.C – Back At The Crossroads
(This report was written Tuesday night )
Warning, this report goes against " common group think" Why? Well , I want to show why slowly but surely it looks like the "Buy The Dips" crowd may be exiting the building and the next few charts may be proof. AAPL & YHOO had pretty good earnings, can they save the day? Or will it prove to be just another bounce? We shall soon see, but it's also another F.O.M.C. Wednesday and as you know...anything can happen after 2 P.M. Eastern time! In the meantime, lets glance at a few charts.
MSFT - Oh she used to be a wall street darling. This is a Weekly chart and so far the volume is HUGE for 2 days.
Is that just a fluke? A one bad amongst many beauties? ...Read More
https://chartfreak.com/wp-content/uploads/sites/18/2014/03/BULB.jpg 215 415 Alex - Chart Freak https://www.chartfreak.com/wp-content/uploads/sites/18/2019/11/Chart-Freak-site-logo.png Alex - Chart Freak2015-01-26 17:13:032015-01-26 17:13:42I WANT TO SHARE SOME TRADE IDEAS
Due to the Storm approaching New England, I may lose power ( As mentioned in my wkend report), So I want to share a few possible trade ideas for you to watch , in case I wont able to post anything tomorrow. Let me start by showing you an Energy stock that got taken out to the whipping post. It is beaten down and double bottomed. It seems like all of the downside ( At least for now) has been met. Risk reward is skewed toward less risk (Using stops) and more upside potential if conditions play out. Some of these stocks could just "Bounce" and do very well.
EXXI WEEKLY - Double bottom with a MACD cross?
Why would I call it low risk though? Isnt it high risk, in danger of getting cut in half again? Well, consider this...Read More
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