All posts by Jeff Cooper
Can The Market Be Timed?
In our Hit & Run Morning Report for Monday, Lock, Stock and Barrel, we flagged “well-defined resistance at 3943 SPX by two methods” Tuesday morning’s report pointed to Monday’s NR 7 Day/ Holy Grail sell setup as a signal that volatility was ready to expand and to expect “two-way volatility with a possible Up Opening […]
Continue Reading -->Can This Pig of a Market Fly?
Bears looked down the barrel of a loaded quarter-end rifle last week as fund managers put lipstick on a pig to save a bit of performance as the second half winds down. The question is can this pig fly further though the summer? Based on my big picture cycles, the next two weeks will answer […]
Continue Reading -->Is the Bottom In?
One of the ways we define the near-term trend is by the 3-Day Chart. It turns up with 3 consecutive higher daily highs (intraday, not closing highs). It is not so much the turn-up of the 3-Day Chart in and of itself that tells the tale of the tape, but rather, the subsequent action. As […]
Continue Reading -->Thelma & Louise & Jerry
“I got something to say that might cause you pain.” The Beatles X the Mona Lisa Twins It is a dimension as vast as space and as timeless as infinity. It is the middle ground between light and shadow, between science and superstition, and it lies between the pit of man’s fears and the summit […]
Continue Reading -->Just Another Panic Monday?
“One of the saddest lessons of history is this: If we’ve been bamboozled long enough, we tend to reject any evidence of the bamboozle. We’re no longer interested in finding out the truth. The bamboozle has captured us. t’s simply too painful to acknowledge, even to ourselves, that we’ve been taken. Once you give a […]
Continue Reading -->There Are Reasons To Think Rally Continues: How To Determine the Trend
“Whenever you find yourself on the side of the majority, it is time to pause and reflect.” – Mark Twain $SQQQ 3x inverse $QQQ ETF – posts record weekly inflow of +$918M – 2nd largest weekly inflow was 11/5/20 +$290M cc @zerohedge To succeed in speculation, we must make decisions based on incomplete information. This […]
Continue Reading -->QQQ Option Expiration Pinball
On Thursday, the SPX came just shy of a 540 degree move to 4187 up from the 3810 May 20 low. As it stands, the index has rallied some 360 Gann points toward this 4187 region. You can’t make this stuff up. Yesterday’s report was looking for a 5th wave up and, after an early drop, the […]
Continue Reading -->The Market Bounced Because Time & Price Cycles Aligned
“If we wish to avert failure in speculation, we must deal with causes. Everything in existence is based on exact proportion and perfect relationship. There is no chance in nature, because mathematical principles of the highest order lie at the foundation of all things. Faraday said, ‘There is nothing in the Universe but mathematical points […]
Continue Reading -->A Rally Phase Is Approaching… If Not Already Here
My expectation was that Monday’s follow through from Friday’s reversal would push a little higher — toward the key 4020 level, which to recap, is 1080 degrees down from the 4818 ATH. With Monday’s close near session highs that seemed a strong likelihood with a daily Minus One/Plus Two sell setup (on trade above Monday’s […]
Continue Reading -->Is the Bottom In? An Honest Perspective
On Wednesday, in the midst of an echo of FOMO, we warned that the market had not seen real fear and that a Killer Wave was on deck. We followed up stating that a failure of the 220 point SPX rally off last week’s lows could trigger the kind of fear needed to open the door […]
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