END OF DECEMBER 2019 – A BIG PICTURE REVIEW

I want to open my recent Big Picture Review report to the Public. The following is a partial report of what I showed my readers a few days ago. Enjoy!

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Dec 24th – Gold

Hello and welcome back to Chartfreak. It has been a while since I did a public post, so what have we been busy with? While we have traded a variety of trade set ups, like AMD, MU, ENPH, VSLR, and other stocks like it in the General Markets, but we have also been watching the Precious Metals Sector very closely. Why? Well we caught the lows in May and rode many Miners higher into September. Some stocks like EGO, SBGL, HMY, DRD, etc doubled and tripled. After a strong rally, you often get a top and a consolidation period, so we exited leverage in August and sold many Miners in September, anticipating a consolidation period and then another strong run higher. Some individual Miners are still running nicely, like SBGL, SVM, HL, CDE, etc, so we continued to trade those, but we have been watching the correction in GDX, GDXJ, SILJ, etc closely, and I wanted to share what I am seeing now.

Monday Gold pushed a bit higher and it has closed above the 50 sma. On what would normally be a light volume week of holiday trading, GDX pushed away from the 50 sma with decent volume. We now wonder: "Is Gold about to rocket higher?" As mentioned, we have been anticipating that possibility for weeks as the sector churns sideways. The Bullish action in Miners on Monday seems to indicate that it is time to go higher and that this consolidation period will end soon.

Let's just take a look at some of the recent charts from past reports along with the current set ups, and discuss further what we have been looking for.

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June 19- FOMC Countdown

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I want to open up a part of the premium report that my subscribers received this morning to the Public.   We are waiting on a FOMC Decision and things often get volatile around that time, so I wanted to share some interesting observations that I have with my readers. After discussing the General Markets and Oil, the report continued with these thoughts...

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USD - My unbiased look at the USD has me thinking that it looks like it wants to go higher short term. If the Fed  DOES NOT cut rates,  the USD could continue a little higher.  However the 50sma could stop the dollars rise because, ...

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Big Picture Weekend Report – June 8th

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I am opening up part of the Big Picture Weekend Report to the Public.  During the week, I focus  my daily reports on daily action in various sectors of the market.  I then also may offer some lower risk entry points or buy set ups if they develop during pull backs. In the weekend report, however, I take a step back and focus on the Big Picture , and this is more than of that report.  Enjoy!

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June 3rd – DIGGING FOR GOLD

My last Public Report was posted on May 11th, where I discussed the big Picture of the General Markets, and what it could mean for the GOLD, SILVER, & The MINERS, and I covered Bitcoin too.   I will do a quick review here using charts from my last public report, and then an update from this weekends premium report.   Since my last May 11th Public Report, we've continued to dig in to the Precious Metals charts,  have taken positions, and are finding that things are now playing out very bullishly for Gold, Silver, and Miners  (As expected).   Todays public report will include a good portion of my recent weekend report.

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May 11th – A Big Picture Report For The Public

It has been a while since I posted a Public Report, so I want to post part of this past weekends report to the Public.

 For my Readers,  I post daily reports to discuss the markets and also offer 'trade set ups' if certain sectors are acting bullishly,  but I like to use the weekend report  to step back and take a look at the Bigger Picture.  This report will show you some of what we have been discussing at Chartfreak.   This is part of the May 11 Big Picture Weekend report .

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An Index & Market Update

The following is an update on the market and indexes.  The charts are a sample of Alex's work from the week.    (2/8/19)

We have been expecting a bit of  pull back in the General Markets, and it would likely start after the SPX tagged that 200sma.   I am not expecting a wash out sell off, it will be more of a ' Buy the Dip' type of pull back into the first dcl, but if you want to hold on to most of your recent gains?  Then at the first signs of cracks in the ice,  you would certainly tighten stops or take some profits.  You want to Stay Frosty for a while.

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SPX - The SPX tagged that 200sma,  dropped to the 10 sma,  and bounced  bit into the end of the day. We are on Day 30  and I expect this to eventually back test the 50sma.

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Trading Technique: Go Where the Action Is

(The following is a sample of Alex’s work from the week.  This is more of a sophisticated trading technique best served for traders with some experience under their belt.)

(From 2/1/19)

This example is a case where a trader is holding several positions and while active trading them, notices that one is beginning to run while the other is maintaining its bullish nature; but, it is ‘crawling’ along.  Alex mentioned in the comments yesterday that he was planning to roll part of his position, here is his explanation:

I sold some ACB and bought more HEXO.  Why?  Is there something wrong with the ACB Set up?  No, but using intra-day charts,  HEXO looked ready to start running  ‘NOW.   I have been waiting for HEXO, ACB, and NBEV to get moving faster, but they have just been bullishly crawling along.   Well,  if I see one start moving on intraday charts… I just wanted to flip over to the action, but nothing is wrong with ACB, and I still own some.

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HEXO – So I like the way it has held the 10 sma and volume started to surge today again.  ACB is still on the 200sma, it just needs to get moving.   Who knows, maybe  HEXO runs to $7, and then ACB starts going, and I switch a portion back , from HEXO to ACB.   That is just how I trade.

 

(From 1/31/19)

For the experienced trader, playing the ‘bounce.’

KEG  – KEG has a double bottom low, yet the MACD is strongly pushing higher.  The first low was the Final capitulation low, usually a solid Bottom.  It closed green, so we have a small reversal, but if you see upside, that could be a buy with a stop under the double bottom lows.   I  have to post this as a bit risky, it has had a reverse split and sold off heavily etc, but notice that  it sold from $10 to $1 in a month.  A ‘Bounce’ alone could offer very good gains for the experienced trader. 

 

Chart Freak Membership

Alex has been successfully writing a daily newsletter service for nearly four years now and is considered one of the best traders of precious metals miners, energy/uranium stocks, and biotechs.   This is your opportunity to join his service as a member and follow along as we enter the next bullish gold Cycle higher.

If you would like to find out more about the service or sign up, please click the buy option for more details.

 

 

Round 2. Pot Stocks

I want to show you how I follow individual stocks over the course of a month.  In this post, I’ll show you how I have been covering NBEV.

[The following is a sample of Alex’s work over the past few weeks]

(1/10/19)

NBEV  DECEMBER 21  – Back on Dec 21, NBEB broke down through an uptrend and  notice that it was Overbought .   I mentioned that it is possible that the 50sma would support it,  it could go sideways, and  form an INVERSE H&S as drawn here.   If so I would re-buy it, because this too ran swiftly.  Well guess what?

 

NBEV   – no longer overbought, it is oversold and did form an inverse H&S,  so I have been watching it daily as it rode along the 10 sma, and …

 

NBEV   – INTRADAY I watched a triangle form along a support line .  It was at he APEX at the open  yesterday and as it broke out  I jumped in.  I posted this to show that I would also like to ‘add’ on a possible back test,  but…

 

 

 

NBEV   – It flagged sideways by midday, so I  just ‘added’ again and mentioned it in the comments.  This too then broke even higher…

 

 

 

Finally, By the end of the day  NBEV had run up 11% and closed at $6.10.  The sector is acting correctly.

 

 

(1/18/19)

NBEV   –  I posted this in the morning, and NBEV traded all over the place yesterday.  THIS may be support that now holds going forward, I will look for follow through.  I own NBEV.

 

(1/24/19)

NBEV Daily – New Age Beverage has entered the CBD infused Beverage business, and has been drawing in buyers, but it DOES move quickly in both directions.   The daily chart of NBEV seems to have price climbing along a trend line or channel rather nicely, so this would be a good place to add or even start a trade.  We got a nice reversal Wednesday, and I would expect that it continues higher from here. If it breaks above the RED TREND LINE Thursday, that is bullish.  Let’s look at the weekly.

 

 

NBEV WEEKLY – We have a weekly reversal off of the weekly 8 ema and that uptrend line too.  You could put a stop under the weekly low, which is about $5.90.

 

 

As a bonus, the $MJ etf from 1/25/19

MJ ETF –  As mentioned in prior reports, I expect a second leg higher here soon.  Crawling along the 200sma is bullish and can be bought with a stop ( loose) .

 

Chart Freak Membership

Alex has been successfully writing a daily newsletter service for nearly four years now and is considered one of the best traders of precious metals miners, energy/uranium stocks, and biotechs.   This is your opportunity to join his service as a member and follow along as we enter the next bullish gold Cycle higher.

If you would like to find out more about the service or sign up, please click the buy option for more details.

Precious Metals – “Oh My Precious”

Let’s take a look at Precious Metals

(Below is a sample of Alex’s work from the week)

 

GOLD –  I posted this in the comments, just showing how GOLD does not want to sell off, it has formed a triangle so far.

 

GOLD #1 – I have stated in the past that ‘TRIANGLES’ usually mess up daily cycle counts, so I just focus on what is in front of me.  At this point,  it is a Bull flag chewing away at consolidation on the far left ( May / June trading).   I would have expected a back test of the  50 & 200sma, but so far it just wont sell down. 

 

GOLD – We are in the APEX, so this has to break up or down now. Breaking down would break the blue trend line, and usually that is what we see as a dcl, so look for a break of the blue trend line, and a reversal higher may indicate a dcl.  Honestly though, I ignore cycles when triangles form & Bullishness persists.

 

 

SILVER 10 sma  – Silver broke below the 10 sma, but it also looks like a bull flag, so…

 

SILVER  20 sma   –  Let’s see if the 20 sma acts as support, price did not break the 20sma on the run higher in November.

 

 

GDX –  My current thoughts :  I know that GDX held the 200 sma lately, but is it a mini bear flag?  I think that this can drop to the 50sma. Notice – It is under the 10sma, the 10sma is curled down, and I would normally expect a break of the blue trend line.  So I’m still watching for a tag or break of the 50sma.  IF THIS BREAKS OUT HIGHER above the 10sma, you can  simply ‘adjust to that’ and Buy it with a tighter stop under the 200sma, or a loose one under the 50sma. .

(from 1/17/19)

Let’s look at some Bullish Metals leaders, and then some that should play catch up

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HBM  – I pointed out This as a BUY, inverse H&S.  I also had some other bullish looking METALS stocks .  HBM as an inverse H&S,  TGB, WRN, CPST, X, AKS, etc etc . were bullishly popping too.     Here on Jan 4th,  the  HBM  volume pops look Bullish…

HBM  – HBM has been running with strong volume from there, and the Metals still seem to be  basing and Bullish.

 

 

CPST #1 –  Capstone Turbine usually runs with Metals. I posted that this had a large POP out of the base, look for a possible bull flag to buy…

CPST #2 –  I posted this as a bullish crawl along the 50 sma, a Bull Flag, and a break out.  It popped  10% again as a leader.  It continued higher as the day went on…

CPST #3– And closed up almost 20%,  and …

CPST #3  – CPST continues to  lead the way higher.   So let’s look at a few other Metals stocks setting up bullishly…

 

 

 

CLF  – Crawling under the 50sma,  this looks ready to pop higher soon. I would buy this , AKS, X, or many of these below with a stop in a reasonable place , in case of any bed news releases.  Hold a small basket of stocks for safety or start with smaller positions.

 

 

AKS – This is also crawling sideways and looks ready to pop soon.  Read the chart.  So keep your eye on your watchlist of X, CENX, AA, VALE, TGB, WRN, ETC.

 

ZEUS  broke out yesterday, as a possible leader, so watch X, AKS, etc. 

 

Chart Freak Membership

Alex has been successfully writing a daily newsletter service for nearly four years now and is considered one of the best traders of precious metals miners, energy/uranium stocks, and biotechs.   This is your opportunity to join his service as a member and follow along as we enter the next bullish gold Cycle higher.

If you would like to find out more about the service or sign up, please click the buy option for more details.