Tuesday Dec 13 – A Pre-Fed Hike

 We are one day away from the FOMC meeting  that is expected to result in the first rate hike of 2016.  After a quick  review of the markets, we'll discuss some action in the markets Monday that may be of interest to many of us.

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DEC 10 WEEKEND REPORT – Flying Low

The general markets are flying high, but the Precious Metals are still flying low. Let's take a look at last weeks market action.

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SPX - Please read the chart

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STOCK PICKS

My weekend report covers Monday  and I usually post full reports for Tuesday, Wednesday, and Thursday morning. Most of the readers at Chartfreak know that when I started this service, I thought that whatever I wrote in Thursdays report would also be able to cover Friday, the final day of the trading week.  The readers here also know that in 2016, I got into the habit of posting a Friday report anyway.  Today is Friday, so let's just look at Stock picks!

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NAK has been on my "must have' list for much of 2016. The chart set up, that long Base, those Volume surges.  I also loved the story about their reserves and their future possibilities. I loved it and was loading up when it was 30-40cents.

NAK 7-11 wkly

NAK - After an initial strong run higher, we got a normal correction. In October I was trying again to get people to add to this set up.  I have 20 charts of NAK from 2016 reports, encouraging low risk buys all along.I expected a possible 1-2-3-4-5 wave move higher.

nak-e-w

NAK Dec 8th.  -  The first 1-2-3-4-5 was a run from 50 cents to $1. This could be a larger 1-2-3-4-5 playing out. NAK is up around 600% so far - Congrats to all who caught some of this strong move. I'm only selling a partial, and will add on future dips.

nak-12-8

Lets look at some current set ups!

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