All posts by Jeff Cooper
How to Capture Explosive Moves Around Options Expiration
Powerful players often use options expiration to game the market. Stocks often move violently around strike prices around options expiration on Friday. My Bowling For Strikes strategy was created to take advantage of stocks that ‘knife’ from one strike to the other. When a stock crashes through one strike, it is often pinned to the […]
Continue Reading -->NVDA’s Test Failure Could Mean Pain Ahead
When is the safest time to short a stock? This is a recipe to look for: Stock advances for a long time Makes a top and has a fast, sharp decline Rallies for a double top that fails This may be what we’e seeing unfold in Nvidia (NVDA). NVDA ran from a low of $24.75 […]
Continue Reading -->ROKU: Why $51.24 and $55.44 Are the Levels to Watch
Roku (ROKU) reports earnings after the bell today. Relative strength is one of the best tools out there. ROKU shrugged off February’s market slide, so apparently, the bulls think there’s good news on the table. As soon as the market stabilized, ROKU exploded. ROKU carved out a W Bottom from January 17 to February 6, leaving a large […]
Continue Reading -->Market Leaders Indicate SPX Is Going to New Highs
The SPX is gapping below its 50 day moving average today. But the action in many leading names indicates that the buyers are still here. For example, NVDA is NOT following through from its Soup Nazi sell setup. Follow-through is always key to any potential setup. KLAC tailed off Friday and after a peek into […]
Continue Reading -->What NVDA Is Telling Us About the Market
The action in the leading stocks offers good clues for where the market’s going The SPX left multiple sell signals on Friday: a Lizard Sell and a Holy Grail Sell. A Lizard is a new 10 day high Topping Tail. In other words the market opens flattish, runs up and then reverses to close at/near […]
Continue Reading -->Why Traders Should Consider ‘Retriggers’ After a Loss
On Tuesday, we initiated a long position in Wayfair (W) but got stopped out. We were looking for a move to $99 but got stopped out. I like to say that sometimes, the second mouse gets the cheese. In other words, I’ve often found that taking a trade a second time if it ‘re-triggers’ can […]
Continue Reading -->Why the SPX Has to Hold 2630
In today’s report, I’m going to break down: The reaction to Wednesday’s CPI number How to assess the rally off the Friday low Why SPX 2630 needs to hold to keep the bull move going 90 minutes before the open on Wednesday morning, futures were up nicely. Then a hot CPI number slammed the SPX […]
Continue Reading -->How I Called the Friday Bottom, and How to Know If It Will Stick
On Monday January 29, we said to expect intense swings to begin with accelerated momentum. This is because 10% or more declines (but less than 20%) occur on average 1 ½ times a year and we hadn’t had one in 2 years. The intense swings I was looking for far exceeded my expectations. The market was all […]
Continue Reading -->Why the SPX Could Hit the 200 Day by Monday
Byron Wein was just on CNBC saying he thinks we have more downside to go but is bullish. He said we have more downside to go because you don’t bottom until euphoria is converted to concern. When as how we’ll know when we’ve bottomed he said strategists (like himself) will be on TV saying we […]
Continue Reading -->How Multiple Signals Create Strong Setups
Monday morning’s report concluded, “It looks like volatility has come out of hibernation. The balance of the year should be marked by intense swings—in both directions. But the move on Monday with a 1000 point Dow decline in 30 minutes that broke the back of the short volatility trade followed by Tuesday’s 500 point opening […]
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