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Category Archives for Jeff Cooper

Jeff Cooper: The Emperor’s New Kimono

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The record streak of 110 day days without a 1% or more decline on a closing basis ended on Tuesday. Tuesday’s stab down put a nail in the buying stampede that actually ended with an Exhaustion Gap on March 1. The March 15 Fed Hike Spike put in a lower high with Tuesday’s stiletto lower […]

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Is the Russell 2000 Shouting Get Out of Dodge?

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In mid-Feb we flagged 138 as a key level. 138 is a square-out being 180 degrees up from the Nov low. 138 is also 360 degrees up from the February 2016 low. IWM attempted to breakout over 138 in February 2017…360 degrees/days as it was challenging 360 degrees up in price. That breakout attempt left […]

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Why SPX 2353 Is the Line in the Sand

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Yesterday we got a 2nd close on the SPX at its Holy Grail Line…the 20 day. The first was 3/14 which follows a test and tail at the 20 day on 3/9. Today the index has already traced out an outside down day and is well below its 20 day. It is offsetting the 3/15 Fed Day […]

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Why the US Dollar Is Vulnerable, and What It Means for Gold

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The ‘Dutch Trump’ populist lost his bid to become Prime Minister last week. This may have elicited strength in the euro and selling in the dolloar. A daily dollar shows it broke its 50 day line with authority triggering my Expansion pivot sell signal in the process. In so doing the dollar also triggered a […]

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Mr. Cooper Has Set the Price, and It’s 2370

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2370 is the key level to watch in SPX. This ties to yesterday’s lows and the 20 day line. So snapping 2370 in short order will also leave Train Tracks, as noted earlier in the Daily Market Report. The SPX has already triggered a down Opening Range Breakdown (a break below the low of the […]

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Is That an Oil Selling Climax I See?

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After steadily rising for nearly a year, crude crashed last week, ending down more than 9% and closing below $50 a barrel for the first time since the election. A year ago oil was the tail that wagged the equity dog. That correlation broke in December. For example, XLE left a large range Gilligan sell […]

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Jeff Cooper: I Smell FOMO Ahead of Fed Day!

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“Economic history is a never-ending series of episodes based on falsehoods and lies, not truths. It represents the path to big money. The object is to recognize the trend whose premise is false, ride that trend, and step off before it is discredited.” -George Soros The thing about markets is that things are not black […]

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Jeff Cooper: SPY $238 Is a Critical Level

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Last week the SPY/SPX attempted to turn up from the fourth shallow pullback since the Trump Train pulled out of the station in November. The first pullback was 26 SPX points into 12/2. The second was 40 points into 12/30. The third was 34 points into 1/31. So far the, most recent pullback has run […]

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2 Charts Active Traders Should Print Out

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In Wednesday’s Daily Market Report, we initiated a short in EXP as it had traced out a 3rd lower high and closed for the 2nd time below its 50 day line. The chart below shows the waterfall decline following an ORB (Opening Range Break). Opening Range Breakouts (ORB) do a good job of capturing continuations […]

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Jeff Cooper’s Weather Report: We’re Looking at Major Headwinds!

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A year ago, oil was the tail that wagged the market dog. So it’s going to be important to see if that correlation comes back into sync. Long-time readers will recall our forecast for a low in crude at 26 on January 20, 2016. This was based on a time/price square-out on my Square of […]

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