July 18th – Pops & Drops

Tuesday was definitely a story of Pops and Drops. I have SO MUCH to talk about, so let's take a look...

 

SPX -  From yesterday, we are early in the daily cycle, so I had drawn this chart up, with a run to the top of the trend line likely, before a dip into a dcl starts...

however,  I also saw something else that looks important on Tuesday...

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Tuesday July 17th

 

This is a chart that I put in my report last Tuesday.  The Financials ( Banks) were set to start reporting earnings, and this actually looked pretty good.  Take note of the POP last Monday to the 50sma.

Lets take a look at the financials this week...

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July 14th – Let’s Go, I’m Ready Already!

I'm sure that by now, you are ready too!  Well, I have some good news on the 'Waiting for an ICL in Gold' part, but first let's cover all of the markets, including something very interesting that I noticed about The EEM.  To The Charts!!

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Friday July 13th – Almost There

Today is Friday the 13th, the last trading day of the week.  No, I am not superstitious, and the things that we have been watching unfold seem to almost be complete.  Let's take a look...

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July 12th – Two Faced

This report is going to discuss a few things about our 2 faced friends - The Miners  🙂

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A Matter Of Perception

 I want to post something here that I pointed out to my subscribers last week.  This is a great lesson on a day when Gold & Silver are selling down again.

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 Every now and then I do a little ‘lesson’ to keep us balanced.   This one has to do with the difference between ‘trading’ & ‘buy and hold’ for weeks or months.  The problem with Buy & Hold for some is that the daily wiggles can be uncomfortable to them.  No one wants to see a down day give back some of our recent gains, but it happens in buy & hold.   What can give us proper perspective?

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Staying focused on the bigger picture.  It is all about Perception.   I am both a trader short term and a longer buy & hold under the right bullish conditions, so let’s take a look at perceptions.  Enjoy!

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CDE #1– CDE has had many small runs in 2018, like a trading range between the green arrow to red arrow.  I would say that people that own it using ‘buy & hold’ may even be a bit sick of this action.  What you want to do is step back and get a bigger picture view of the situation.  As noted in prior reports, CDE did excellent in 2016. Let’s step back…

 

CDE #2 – So stepping back, we see a ‘Base’ is forming and a break out & run could tack on some nice gains rather quickly  (Silver stocks do run quickly once they get going). This could quickly run to $9, however…

 

CDE #3– By really taking a step back and looking at what we are dealing with, we see what I would say is a massive bullish pattern forming.  Look how CDE ran in 2016,  from under $2 to $16!   This year of 2018 has been the bottom right hand side of what looks like a massive base that could form a multi-year’cup’ on a run higher.  CDE from $8 back to $16 would be 100% for the buy & hold investor, and then a break out could send it even higher, if these rally like they did in 2016.

 

 

LAST WEEK, CDE WAS TRADING AT $7.20 AND STARTED MOVING HIGHER AGAIN.  WHAT HAS CDE DONE SINCE I PUT THIS IN THE  REPORT?  SILVER HAS BEEN TAKEN DOWN MONDAY & TUESDAY AND WEDNESDAY, BUT THIS IS THE CURRENT CHART OF CDE

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CDE WEDNESDAY 7-11 –   $8.45.  CDE continues Higher, even with Silver dropping this week.  The BIG PICTURE VIEW would help one to avoid selling the ‘wiggles’, as long as the Precious Metals sector remains bullish  (and my analysis shows that it is).

 

When I was pointing that out in AG as a ‘BUY’ in April, it looked similar to CDE now.  A long descending wedge type of pattern had formed there too. This was my big Picture chart of AG for April 13.  I mentioned that buying AG under $6 would probably look like a gift in the future.

 

AG –  Ag now trades near $8.  Since the Feb lows, AG has begun to put in a steady run higher, breaking above the down trending channel.  It has done this WHILE SILVER SOLD OFF TOO.  Imagine when Gold & Silver run higher out of an ICL?  CDE, AG, and other Miners should all  do very well.

 

If Conditions remain bullish in this sector, whether it is inflation creeping in or the USD dropping into its 15 yr cycle low over then next few years, these Miners can become big winners in your portfolio.      Some already are, and I have pointed out the leaders like KL, GORO, and so on in my reports.  THEY ARE TRENDING HIGHER AS GOLD SELLS OFF TO NEW LOWS.

Try not to completely miss the train as it leaves the station by at least owning some Miners.  I have been recommending them for a while now, and I will continue to  cover individual miners as they set up to break out & move higher too.

Thanks for being here at Chartfreak!

~ALEX

 

Wednesday July 11th- Finding Support

 Let's review some of yesterdays market action...

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July 10th – Tuesdays Ideas

 What happened Mondayand what to expect Tuesday...

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SPX - July 5th we seemed to have our dcl in place, day 4.  I mentioned that it could be L.T., but a daily cycle could peak at day 15 and still be L.T., so ride it with a stop.

 

SPX - And it is heading for the upper trend line.

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Don’t Get Left Behind

The Theme picture here speaks a thousand words. At Chartfreak, we've covered plenty of bullish set ups in the General Markets like TWTR, SQ, AMD, CREE, CY, TQQQ, SOXL, etc. over the past few months, but in addition to that, I have recently been very focused on the current set up in the Precious Metals Sector. For the public, I want to share what we have been doing with that here.

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We have been tracking Gold, Silver, and especially Miners with focus for the past couple of Months. I have been expecting a deep sell off into a Cycle Low that will lead into an excellent buying opportunity. Interestingly, even though I have expected a deep sell off into that ICL (Intermediate Cycle Low), I started recommending buying at least some Miners weeks ago, because something interesting was taking place. Unlike the prior bear market sell offs, where Miners crashed down as Gold sold off, I noticed several Miners appeared to very strong. They seemed to be under accumulation, despite Golds sell off.

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Take a look at KL for example. New 2018 highs occurred while Gold was selling off over the past few weeks. In fact, it has almost doubled in 2018.

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Did you notice GORO? I have been pointing this kind strength out for Months now, but many are still afraid of this sector. This sell off in Gold has fooled many into believing that "Gold is dropping and Miners are dangerous." I got emails to that affect, but charts do not lie and my daily reports have been sharing many bullish factors that go unnoticed at times.

     

So I've decided to show portions of my last 2 weekend reports combined together here for the Public to take advantage of.

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JULY 8TH WEEKEND REPORT

I know by now you know how I feel about the Precious Metals Sector, but maybe the Theme Pic will help to clear up any doubt at a glace. 🙂  We will discuss all of the Market Sectors, but the main focus is still on Precious Metals.

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THIS IS A CHART OF THE SPX FROM FRIDAYS REPORT- The 'but' part was simply that I am  expecting a L.T. daily cycle after a rally, so I keep that in the back of my mind...

 

SPX WEEKLY- And we have a weekly reversal that should have follow through higher too. The RSI held the 50% line too, so it is a bullish set up here at this point.

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