Author Archive for: Alex - Chart Freak
Entries by Alex - Chart Freak
May 12th Weekend Report
Let's review our market activity for the week. After enduring a lot of choppiness in various Market Sectors recently, this was a week of change, with out prior reports discussing 'crossing the line' and 'Follow through'. Let's take a look...
How About Some Friday Follow Through
Yesterdays report was entitled "Cross That Line", and the markets did just that! They crossed the lines that we were looking at, so I figured that it wouldn't hurt to name Fridays report, "How about some Friday follow through", to see if they would accommodate again.
Let's take a look at how accommodating the market action was yesterday...
SPX - SPX crossed the line, breaking the down trend.
May 10th – Cross That Line
SPX - The General Markets are shaping up and as mentioned in yesterdays report- I expect the SPX to cross this line. That is ( at least short term) A bullish break out from a down trend. We also have been watching this triangle formation.
And this is why I mentioned that I would expect a break higher...
May 9th – Close One
We had a lot of movement in the markets on Tuesday, but we did not get the move that we were looking for. What was that?...
May 8th Trading
NASDAQ - The NASDAQ broke above the 50sma and has broken the down trend for now, this is short term bullish action ...
May 5th Weekend Report
Usually for the weekend report, I like to take a step back and see the Big Picture, but for this weeks report we will have several daily charts too. This will help us to focus on what to expect in the short term as well as keeping the longer term Big Picture in view.
Friday May 4th
SPX - We saw a reversal midday and I posted this daily chart in the comments / chat section at 1 p.m.
Let's discuss this further ...
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May 3rd – 1 step closer
When it comes to cycle timing, every step does get us closer to our goal.
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SPX DAILY - WEAK. We will be on day 23 Thursday, and the markets moved slightly higher after Wednesdays FOMC Decision, and then sold off into the close. This still looks weak, I remain cautious.
