All posts by Jeff Cooper
Will the SPX Break the 200 Day Moving Average?
This morning’s report showed an hourly SPX depicting a Head & Shoulders pattern.As suspected, it is snapping the Neckline, giving a projection of 2563.This ties to the level of the important April 2 ‘test’ low.Below that level discredits the conjecture of a W Bottom… a successful test of the Feb 9 low.Moreover, 78% of all […]
Continue Reading -->Did Apple Rot Before Earnings?
AAPL reports earnings tomorrow.Given the Up Opening Gap Reversals in MSFT, INTC, AMZN and GOOG, it ought to be quite the Cha Cha.AAPL turned its 3 Week Chart back up on the week of April 12 which defined a false breakout high considering the following week’s follow through.Additionally, the week of April 12 may have […]
Continue Reading -->Where Is Last-Ditch Support for This Old Bull Market?
“When the weather changes, nobody believes the laws of physics have changed. Similarly, I don’t believe that when the stock market goes into terrible gyrations its rules have changed.” –Benoit MandelbrotThe SPX experienced a 12% decline in just 14 days off its January 26 high.History shows that this is unusually small for a possible first leg […]
Continue Reading -->The SPX Has to Clear 2731… or Else
This morning’s Daily Market Report showed a Square of 9 Wheel with the key pivots using the Gann Zero Point for the year based on the beginning of the natural year… the Spring Equinox.Yesterday’s high ties to resistance, and the two low closes for the year at 2581 also tie to this synchronicity. Unless the SPX […]
Continue Reading -->Pivot Point Trading, Hit & Run Style
ADSK was a long day trade idea from last night’s report It triggered on an ORB at $125.99. Here’s how I’m playing it: I have a stop at $125.80 and I’m looking to sell at $127.75. I’m not swinging it… these are my day trade parameters. I’m looking at the overhead 20 day m.a. and the 50 period on the […]
Continue Reading -->The 3% Barrier: Why the Generational Bull Market in Bonds May Be Over
Some say 3% on the 10 year is not a big deal — that’s it’s still a historically low level. Reality: A generational bull market in bonds may be over. One pundit this morning proclaimed that it only matters to the Algo’s.Really?Below is a quarterly TNX encompassing the entire bear market in yields (bull market in bonds).From […]
Continue Reading -->Are Stocks Headed for 100% May-hem?
The bounce back following the SPX’ Monday turn down may have set the land-speed record for bear market rallies.The index satisfied a 3rd consecutive daily lower low late Monday, and rallied into an opening spike on Tuesday. It hit our key 2681 resistance level before Mr. Market pulled the plug.Let’s recap what I said yesterday when the […]
Continue Reading -->AAPL Is Pushing the Market Over the Edge
AAPL personifies the ills of the glamours that are dragging the SPX back to its 200 dma.Judging by AAPL’s chart, the 200 dma on the SPX is going to buckle. Why?1) AAPL is flirting with a rising trendline from 2016, which if broken, is a bad omen for the broad tape.2) Just below this trendline is […]
Continue Reading -->Why a Break of SPX 2644 Would Be a Problem
A daily SPX from this morning’s report shows the index was rejected from a mid-channel. This ties to the last major swing low – the August low that perpetuated the last leg up into January. 2647 is the mid-point between the August low and the January high. While we have crisscrossed that level several times, we are approaching […]
Continue Reading -->Is F.A.N.G.’s Venom Poisoning the Market
On February 21 we sent a note asking whether F.A.N.G. was losing its ‘F’ – Facebook (FB).In March, we showed this Square of 9 Chart on FB, suggesting a potential drop to $143.180 degrees down from the high is $168.180 up from the Feb $149 low is $173.The indication is a window of resistance between […]
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