Author Archive for: Alex - Chart Freak
Entries by Alex - Chart Freak
Still Waiting On Gold – Weekend Report
It was a crazy week of activity, from the meeting between U.S. President Trump & North Korean leader Kim Jong - Un, to the FOMC Mtg Wednesday and the ECB Mtg Thursday. With all of that, nothing really changed....until Friday! Let's discuss the weeks Market activity...
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SPX WEEKLY - Nothing changed with the General Markets, this is still a bullish set up.
June 15th – CHANGE
I want to briefly discuss something that I mentioned I was looking for to signal a change in the Gold Market. I believe we have that change as of Thursdays ECB Mtg.
And Next – The E.C.B.
At times the FOMC Meeting and the ECB Meetings can be game changers, but so far we survived the F.O.M.C. Rate hike. Now Thursday at 8 a.m. Eastern time, we face the ECB Mtg.
Fed Wednesday-
What Can I Say, that hasn't already been said? I was thinking about this FOMC WEDNESDAY Report, and basically we have covered it all, so What Else Can I Say? We have been through this FED DAY CHOPPINESS many times too, and so I got to thinking, "The weekend report was written with this FOMC Mtg in mind". That's when I decided to take the charts from the weekend report and add them here as a review, along with some newer updated charts. That way we can see what we expected then, and where we are now.
Honestly - expectations remain the same. Let's take a look...
June 12th Stock Picks
The weekend report covered the big picture for the various Market Sectors. Mondays trading did not change that outlook, so todays report will just cover GOLD, MINERS, and several stock picks...
June 9th Weekend Report
This weekend report will show that we did not see a lot of change from the expectations of last weekends Big Picture Report. We will discuss Gold a lot more than the other sectors though, since it is boring us to death at a very important time period. Our Theme Picture could be entitled, "Wake me when Time's Up!"
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SPX - So far the break out, back test, and follow through higher is playing out. We really want to see 2801.90 taken out to prevent a L.T. Intermediate Cycle. That is only 22.87 higher from Fridays close.
FRIDAY – JUNE 8th
Let's discuss a little bit of Everything on this Friday before trading...
Thursday June 7th- Just Ride’em!
SPX - At the end of May we completed out Break out and Back test, so this was expected to make a run for the January highs.
SPX - And we have been running higher, so with this kind of set up, you can just buy & hold. Let me show you a couple of other charts...
