All posts by Jeff Cooper
What’s A Soup Nazi Sell Signal?
Fast moves come from false moves. But how to get on board before the train leaves the station? My Soup Nazi sell signal does a good job of identifying these situations.. A Soup Nazi sell signal is a new 20-day high that reverses back through the prior high of a 20-day look-back the same day […]
Continue Reading -->Some Like It Hot
“The Fed caused the Great Depression” Ben Bernanke “Nobody’s perfect!” Some Like It Hot, the movie The jobs number was “hot” on Friday perpetuating a quick 50 point drop. However, the SPX struck a low just after the open and grinded higher all day closing off just 4 points. Some like it hot. The Fed raised interest […]
Continue Reading -->What’s Up With Gold?
Gold has rallied by almost $200 off the October lows. A Ghost Line (purple) shows 3 drives to yesterday’s high. Gold closed slightly above this Ghost Line. Is it real or Memorex? Is it a breakout or a Pinocchio? Let’s take a look at GLD, the gold ETF. We wrote that GLD left my Gilligan to […]
Continue Reading -->Pay Dirt Monday
Stocks dropped sharply on Monday. Despite the reasons that the media sported about unrest in China, Hit and Run subscribers know the two “reasons” the market fell sharply Monday. Interestingly, about the only names up on Monday were Chinese; but that didn’t stop the media who are always trying to pin the price action on […]
Continue Reading -->Where Is the Market Headed Into the December Fed Meeting?
On the Square of 9 Wheel of Time & Price, 407/408 (4075) is 180 degrees straight across and opposite October 13th, the low of the year. Time points to price, price points to time. As legendary trader WD Gann wrote, “When time and price square-out expect a change in trend.” I say, all important highs […]
Continue Reading -->Black Swans
Black Swans “I told you not to wander ‘round in the dark I told you ‘bout the swans, that they live in the park… Yes, I told you that the light goes up and down Don’t you notice how the wheel goes ‘round?” Eric Clapton, George Harrison FTX contained? Russian missiles into NATO-land. Market reverses, but […]
Continue Reading -->Are We the Suckers in This Rally?
“Inflation appears in spikes. When the spike is resolving, it won’t be because of Biden or Powell. It will be because that is the essence, the nature of inflation. It resolves, fools people, and then comes back. When it comes back, neither POTUS nor the Fed will take credit.” -Michael Burry In medicine, they call […]
Continue Reading -->The News Breaks With the Cycles, Not the Other Way Around
“On my command, unleash hell.” The Gladiator As Hit and Run warned yesterday, if Tuesday’s intraday low broke downside acceleration would follow. The above daily SPX shows the mid-August secondary high labeled Wave 2. The subsequent rollover started Wave 3 down. By my count Wave, 1 of 3 ended on October 13th where we got a large range Key Reversal […]
Continue Reading -->What You Need To Know About GDXJ
On Friday the precious metals complex exploded with GDXJ ripping 3 points, over 10%, to 31.24. On Monday Hit and Run wrote the following about GDXJ in a report: Using GDXJ as a proxy for the metals, we see an inverse Head & Shoulders pattern. The Neckline is 32.30. Above the Neckline gives a projection to the […]
Continue Reading -->Holy Grail Setup
The Principle of Squares, as revealed by the Square of 9 Wheel, is the most incredible trading tool I have ever seen. This is because the market is not random. It is geometric. Legendary market operator W D Gann was known to use astrology to call markets; however, he wrote that “In markets, math is […]
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