The Dogs Are Lining up.

/32 Comments/in /by

After any extreme sell off takes place and people finish  discussing all the reasons why there can be no recovery, it's often a good time to go shopping.  Why?  When it gets overdone, the bargains can be great %-Wise.  Recently while OIL  & NATGAS   sold off beyond expectations , I noticed that the equities stopped selling off and began building constructive bases. Temporary bottoms or permanent? Its too early to say for sure , but trade-able?  Most certainly.

 Here at Chartfreak, we have been buying & trading  them for weeks now.  I want to share some of the charts and ideas that we are again looking at , since I am expecting another leg higher.

OIL Feb 10- Some said "Bear flag"  We had been trading energy stocks , and I  saw signs that OIL wanted to go higher.

$WTIC FEB 10

Feb 18 - consolidation/ base building. I posted this chart  , I wanted a drop to $49 actually...

  Read More

BOUNCING

/26 Comments/in /by

After watching various sectors endure some  prolonged sell-offs, we've been able to buy near the lows and make some decent gains %-Wise.  This does raise a few questions.  Are these THE lows?  Are these sectors  just bouncing from oversold conditions, only to continue lower later with a double bottom or even making lower lows?  Lets start off by looking at some "lows"

 This is our current chart of OIL

$WTIC FEB 13

You see definite signs of improvement in this bounce, but I wanted to point something else out just to keep us alert...

  Read More

FRIDAY – We Have Another Sign

/26 Comments/in /by

 The Thursday report covered so much and the weekend report will wrap up the weeks activities, so I dont always feel the need to write a report on Friday.  There are actually a few things of interest to note since yesterday however, so I wanted to cover those before the weekend.  I'm going to start with...

OIL -  As expected, A productive & Trade-able bottom for now. More on OIL in this weekends report.

WTIC FEB 12

Moving to the markets ...

Read More