All posts by Jeff Cooper
Why the NDX Could Hit 6,000 This Year
This morning’s report showed a monthly NDX from June 1998.While the NDX is in a culminating big picture 5th wave and a bearish Ascending Wedge, it has upside potential from 7500 to as high as 8000, theoretically.But given the structure and the timing angle at X, the advance should be over any time this year.The […]
Continue Reading -->The Message of the T-D Setup in HUYA
Yesterday before the open, we sent an alert to subscribers to buy HUYA in the pre-market.My T-D or Touch Down buy setup was on the table.This occurs when a stock (or a market) has an upthrust or impulse momentum move as HUYA had on Monday.On Wednesday morning it was set to trade below Tuesday’s low.The […]
Continue Reading -->Did We Just See a False Breakout in the SPX?
After the bell, the futures dropped 1% as the Trump administration seeks tariffs on $200 billion in Chinese goods.You all know what to do this morning, right? Buy The Dip. Right?Virtually every pundit, soothsayer and Wall Street analyst trotted out on TV in the last month to throw calming waters on Trade War Talk has […]
Continue Reading -->A Warning: How Passive Greed Is Masking the Mania Around You
Greed underpins every speculative mania.However this time unbridled greed is being masked by ETF’s and indexing:Market participants who have adopted the ETF and indexing strategies have conned themselves into thinking they are passive investors — from Dot. Com Bubble to Dot.Con Bubble, if you will.In reality, the market is being forced to drink from the […]
Continue Reading -->Why the Market Could Face a Cold July
Bull tops such as 2000 and 1929 are as close as the market has ever come to perfection.And that is the problem. The irony of that victory of sentiment, of conviction over skepticism — in its near perfection — is that the performance couldn’t be sustained beyond the moment.At extreme highs and buying climaxes in […]
Continue Reading -->Are Gold and Oil Changing Colors?
The other day we sent a note on oil with a chart showing the test of the 73-74 high and its significance based on the Square of 9 Wheel.This morning, oil gapped up but it reversed with authority.At the same time, gold looks set to leave bullish Train Tracks.Both oil and gold are sometimes dollar […]
Continue Reading -->Why the Bull/Bear Lines Are Converging Here
“By the Law of Periodical Repetition, everything which has happened once must happen again and again and again—and not capriciously, but at regular periods, and each thing in its own period, not another’s, and each obeying its own law…the same Nature which delights in periodical repetition in the skies is the Nature which orders the […]
Continue Reading -->What Stocks and the Dollar Mean for Each Other Right Now
Last week was set to be a turning point in the dollar, gold and stocks.The dollar saw a large range reversal as it was rejected from 95.95 ‘points to’ late June/early July on the Square of 9.(click here to enlarge)The dollar reversal comes from a possible 3 drives to resistance.It looks like a mirror image […]
Continue Reading -->GBT Case Study: How the Jackknife Setup Works
GBT has been in a persistent downtrend since leaving a Key Reversal Day on February 22.Yesterday morning it was down 4 points pre-market and opened in the hole accordingly.However, a funny thing happened on the way to what looked like a debacle.GBT never followed through it made a Opening Spike Low.No big deal—often stocks that […]
Continue Reading -->Where the Wild Things Are: A Comparison with the Year 2000
“We may never know where we’re going, but we’d better have a good idea where we are…and act accordingly.” Howard MarksAs the U.S. takes out the bazooka on trade. Beijing has quietly weaponized the yuan as shown in a chart in yesterday morning’s report.It may be a replay of the summer of 2015-early 2016.. .but […]
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