All posts by Jeff Cooper
Jeff Cooper: Why the Gold Explosion May Boom Bigger
The precious metals miners were the big story on Tuesday. And I think it’s the beginning of a bigger move. The upthrust didn’t take us by surprise since the Daily Market Report has been positioned long in GDXJ, FNV and PAAS for the past week. What was surprising was the persistent trend day that wouldn’t […]
Continue Reading -->LOXO: How to Combine Technical Signals for Maximum Profits
The Daily Market Report just had its trade of the year — a long trade in biotech name Loxo Oncology (LOXO). LOXO is up 45% this morning on positive news from a cancer drug trial. And I’m going to walk you through how we sniffed out this winning trade. I initially listed LOXO as a long day trade opportunity […]
Continue Reading -->Jeff Cooper: Why SPX Could Hit 2482
Our report yesterday stated that after month-end cross-currents, there would be no excuse for momentum not to show up. It did. The longer I’m in this game, the more I am surprised about how professionals can look at the same tape and see two diametrically opposed pictures. One fellow technician said the tape looked tired yesterday […]
Continue Reading -->Kick Like a MULE: A Case Study in Breakouts
First pullbacks following authoritative breakouts offer solid risk-to-reward long setups. Subscribers had a nice trade last week in MULE as it pivoted out of a Cup & Handle (A on the chart). The long signal was in the spirit of an Expansion Breakout/180 buy signal. An Expansion Breakout is a breakout to a new 60 […]
Continue Reading -->STMP Case Study: How to Profit with the Square of 9 Wheel
“My calculations are based on the cycle theory and on mathematical sequences.” -W.D. Gann STMP has been on a tear, ripping from 112 to 142 in just 6 sessions. The spike to new highs presented a perfected time/price square-out shorting opportunity Tuesday morning, and we sent out an alert shortly after the open to short STMP. Let’s […]
Continue Reading -->Jeff Cooper: The Message of the Parabolic Nasdaq
The Nasdaq has gone parabolic this year, culminating with a big rebound off a rising trendline, eliciting a new record high last week. However, it’s also kissing resistance defined by a shorter-term trendline from the March high (see the green line on the chart): The NAZ low in November was 5034. Using 503 to work […]
Continue Reading -->Jeff Cooper: Is Gold About to Explode?
“Prices are governed by Time Time causes Prices to change. Time angels are resistant to Price.” -W.D. Gann Yesterday’s report shows gold’s big picture ending down-wedge. As indicated, a breakout over the declining trendline could trigger an explosive advance. See weekly gold from yesterday here again: At the same time gold shows this ending down-wedge, […]
Continue Reading -->Feeding the Ducks?
An historic contraction in volatility this year cooked up a whack-a-mole stew of selling volatility. Every time the market got hit, it was just another Sunday at Church for the Buy the Dip Congregation. Lately, it seems like it’s Sunday every day. The bounce back from last Wednesday’s air pocket set the land speed record […]
Continue Reading -->AAOI: The Power of Putting the Pieces Together
Applied Optoelectronics (AAOI) was a long setup for Monday from the Nightly Stock Report. The setup was based on two things: 1) AAOI turned its 3 Day Chart down on Thursday for the first time since April 5. The turndown perpetuated a reversal as AAOI left a large range outside up day (LROD) on Thursday. Note […]
Continue Reading -->Jeff Cooper: Is the Train Coming Off the Tracks?
“You said no strings could secure you at the station Platform ticket, restless diesels, goodbye windows.” -White Room, Cream After Monday’s new high SPX close above 2400, they had very opportunity to gun the stops above 2400 yesterday but failed to do so. Amongst the heavy weights, only IBM and MSFT were doing heavy lifting. […]
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