All posts by Jeff Cooper
Why Facebook Could Hit $143
Soon, FB CEO Mark Zuckerberg will face 45 senators for 5 minutes each.That should really get to the bottom of things.A monthly chart shows FB perched on its 20 month moving average, which acted as support in 2015.However, it has broken a trend line from 2015, indicating that the lower rail off a channel below […]
Continue Reading -->Why the ‘Buy the Dip’ Obsession Is Wearing Thin
Yesterday, the SPX futures gapped up overnight trapping shorts after an ugly Friday. Then a buy program took the index back toward last week’s highs before the plug was pulled in the last hour.These fades ding the ‘buy the dip’ psychology and the tape gets less resilient.And they run the risk that the SPX will […]
Continue Reading -->Another Close Below the 200 Day Could Be Deadly
The futures were down 40 after last night’s Tariff Tantrum.The SPX opened down 20 and then bounced.This was actually more bearish than opening down 40 or 50 handles like in Monday.Why?If you buy in the hole down 40, the risk-to-reward is well defined where buying down ‘only’ 20 leaves you more vulnerable to a real […]
Continue Reading -->Tesla’s Big Drive to $248 Was Not Random
If you can’t measure risk, you can’t manage risk.Trends aren’t linear. They play out in a logarithmic fashion.The Square of 9 is a logarithmic calculator that helps us make highly accurate price projection. Let’s look at Tesla (TSLA).When TSLA was trading around 320, we projected it would plunge to $248 based on the Square of […]
Continue Reading -->In a Market Like This, Every Trader Needs a Plan B | Jeff Cooper
Jeff Cooper’s Daily Market Report In this video lesson, Jeff Cooper shows you why traders need a plan B. Jeff idenfities the intraday pivots and inflection points that could lead to downside acceleration.Get Jeff’s all-new home-study course Hit & Run Trading 2.0 for free when you start a 30 day trial for just $47.50>> Hit […]
Continue Reading -->The Frontline Is at SPX 2700. Here’s Why…
2700 is the level that really matters in the SPX. Here’s why. This morning, I showed you a daily SPX chart which defined initial resistance near 2660ish:This was based on 2 things:1) Parallel channels2) This is the midpoint of the February low to the March recovery high.And with today’s rally, the SPX also just went into my Minus One/Plus […]
Continue Reading -->The W Bottom Has Been Targeted for Termination
Despite the uniform, uninterrupted advance in from the election into this January’s top, this year’s volatility shock is a reminder that change happens quick. like a thief in the night.The big question, of course, is whether this year’s thunderbolt is a buying opportunity or something more pernicious.There is a very real possibility a bear market […]
Continue Reading -->Why the Semiconductors Control the Market Right Now
In March, SMH, the semiconductor ETF, carved out its largest monthly reversal since 2000.A monthly SMH below shows the reversal occurred from a test of the 2000 top. The geometry proves the significance of the March high.Notice the Measured Move of the two 45-point moves in SMH since the November 2008 low.Tech leads the market, and […]
Continue Reading -->Will the Market Plunge If It Takes Out the Morning Lows?
The bulls circled the wagons this morning, pulling out all the ammo they can to protect the SPX baby at the February 9 low and the 200 dma.The SPX triggered a down ORB (Opening Range Break) on trade below the first half hour’s range today. However the pullback, reversed into gapfill.Then there was a Reverse […]
Continue Reading -->Why You Need to Watch the 200 Day Moving Average
As this morning’s report noted, the beginning and end of quarters is often an important turning point.Today, the SPX is slipping below its 200 day line which it Pinocchioed in February.The last time the SPX closed below its 200 dma was on June 27, 2016 — the Brexit Low.Even going into the election, the SPX […]
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