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All posts by Jeff Cooper

Jeff Cooper: Where Is GDXJ Going?

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GDXJ fell below the right shoulder of an inverse Head & Shoulders bottoming pattern this week after being rejected twice from its 50 day line. As we’ve flagged, the conspicuous lack of the miners to follow gold higher was a canary in the gold mine. This leaves it in a vulnerable position. However, 180 degrees […]

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Dirty Dancing with Nasdaq 6,000?

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They say the 4 most dangerous words that can be uttered in the market are This Time Is Different. Yet 2 reporters for the WSJ couldn’t wait to say these words as the Nasdaq set a new record high yesterday. Hey, there’s got to be a narrative and justification of that narrative for public consumption. […]

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French Kiss?

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On Friday we sent a note entitled Ultimate Unsustainability? So is this 3rd political event going to be the catalyst kiss that delivers a new leg higher on the SPX and our long outstanding target in the 2400’s? There is bullish potential if the SPX reclaims and holds above a 50% retrace of the correction, […]

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Jeff Cooper: The Bonfire of the Equities?

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In this morning’s report, I couldn’t help but wonder whether investors/traders are giving short shrift to the idea of a big market event in the event of a Le Pen victory in France. After all, selling volatility and not buying insurance seems the smart move a la Brexit and the US election. Right? Maybe the […]

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Is AMZN Set To Deliver A 50% Decline?

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A monthly AMZN below shows the big Stein & Handle breakout following the 2008 sell off. Since that breakout, AMZN has been gliding up the upper rail of a parallel channel . AMZN has kissed the upper rail 3 times since its last big breakout over 400 and now shows what may be an equally […]

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Is Gold Up for the Challenge?

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Last week,  we walked through the key vibrations/levels in gold. To recap, 1262 ties to 360 degrees up from the recent swing low of 1124. 1284 vibrates off the all-time high price of 1921. Two cycles of 360 degrees up from the bear market low of 1045 ties to 1319/1320. A 5-year declining trendline ties […]

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$95 Marks the Spot for NVDA

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In Jeff Cooper’s Daily Market Report, we have a long position in NVDA June $90 puts. This morning, NVDA is set to challenge the double-bottom at $95 from late February/early March. The market is closed tomorrow so this puts the $95 strike on the radar today. One would think that the bulls will try to circle […]

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Time to Panic?

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The 2007-2009 crash was 910 points. On the Square of 9 Wheel, 910 aligns with April 12. This particular mid-April time-frame is interesting in that we are 8 years from low in league with the time frame of the length of the 1921-1929 bull run. We are also entering the so-called Gann Panic Zone which […]

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Jeff Cooper: The SOX Just Crossed the 50-Yard Line

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Semiconductors have been one of the hottest sectors since the election. The SOX left a large range Gilligan sell signal on 3/20, tested the highs, and then turned down. Today, it had a Breakaway Gap below the 50 day, and it’s below this widely watched moving average for the first time since the election. The […]

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Jeff Cooper: Gold $1262 Is the Level to Watch

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If we look at the stock market versus the precious metals, we can see an interesting trend beginning in 2008. Gold, silver, and the precious metals miners got hit in tandem with the stock market in 2008. The precious metals exploded from 2009, with gold making a new all-time high at $1921 in 2011, and […]

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