Entries by Alex - Chart Freak

9-18 -18 Falling Into Place

September 18, 2018 in /by

 

SPY FROM FRIDAY -    We had a double top and divergence in the MACD ( And RSI), so it looks like it wants to pull back.   It looks weak here on a daily, and I’ve been expecting a drop soon to a dcl or even an  ICL

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Sept 14th – A Little Choppy

September 14, 2018 in /by

When the markets are choppy and seem a little indecisive, it can be hard to make money consistently.  It becomes a stock pickers market, where some stocks are doing well, others may be struggling.  Various sectors of the markets are currently a bit choppy, so we'll discuss that here on this Friday,  the last trading day of the week...

 

NASDAQ -  After last weeks sell down, the NASDAQ landed above the 50sma and at this point that level has held as support, but it has been choppy here this week.

 

 

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9-13-2018 Oh Please!

September 13, 2018 in /by

If I could ask for 1 wish  pertaining to the markets, that I thought would benefit many people,  it would be...

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QQQ - At  this time, the 50sma is still holding up the QQQ as support again. The markets sold off on Wednesday , but fought there way back again. Volume is heavier on the downside than the upside, so it needs watching.

 

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SEPTEMBER 6TH – Mixed Again

September 6, 2018 in /by

I have been expecting a pull back in the General Markets, but notice what happened on Wednesday...

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NASDAQ - That had a pretty good size drop and the volume increased.  Also look at 3 month daily charts of  TWTR, FB, GOOG, ( Even AMZN yesterday) , SQ, etc.  They are dropping from the highs, so ...

It looks like the pull back has started, however,

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DJIA - The DOW closed higher with increasing volume.  Interesting, and ...

 

 

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