All posts by Jeff Cooper
XPEV: The Oops Sell Setup
An Oops sell sets up when a strongly trending stock goes vertical and then gaps open the next day, but jackknives below the prior day’s high. Let’s take a look at Tuesday’s Oops in China EV title XPEV. XPEV exploded from 20 to 73 this month. Monday’s large range bar of 56 to 73 with a […]
Continue Reading -->Is the Fat Lady Gargling?
Following a V Rally off its March 23 low into early June, the SPX corrected into late June, which is 90 days/degrees from the March low. In keeping with our expectation for the 90 year cycle to exert its influence, the SPX blew off into a September 2 top. This also satisfied a 90 day/degree cycle from […]
Continue Reading -->SUMO, Hot IPO Pullback Setup
SUMO IPO’d in September and, following a first pullback and test of its IPO highs, it traced out a clear cut trajectory to 16.7 — where it woke up. SUMO walked off its initial impulse off the low by consolidating and attempting a breakout through a declining trendline last Wednesday. It faltered. However, Friday it came […]
Continue Reading -->How To Trade A Rocket Using the Square of 9
Markets often play out in threes — 3 drives to a high or a low, Head & Shoulders patterns, Cup & Handles, Rule of 4 Breakouts (breakouts over triple tops). The following XPEV daily shows a 3 bagger in this Chinese EV play from the beginning of November in the scope of 3 drives from 20 to […]
Continue Reading -->You Know My Name Look Up the Number
“You know my name, you know my number, what’s up with you?” – The Beatles Although the indices have been going sideways for nearly three months, speculative sentiment has been off the charts in several sectors. There have been vertical moves in EV plays, China names such as PDD and DADA (including China EV plays such as XPEV) and, of […]
Continue Reading -->Tennis Balls or Eggs?
Following the SPX/NAZ Runaway Move into September 2, the SPX has been more of a tennis ball while the NAZ leaders look like broken eggs. For example, the SPX has bounced back with vigor off 2 big breaks… the one into September 24 and the break into October 30. The latter perpetuated a new high close above […]
Continue Reading -->FSLY, Pin Action to 85?
The following FSLY shows the 360 price drop from 136.50 to 62.19. Allow me to explain. On something called a Square of 9 Wheel, which measures the true natural spiral progression of price movement, you can see that 62 (green) is two rungs below, two SQUARES below, 136. Hence, the Square of 9 Wheel solves the enigma […]
Continue Reading -->Option Expiration Cliff Dive?
“…a declining trendline connecting the September 2 high with the October 12 high is at the 3220 region. That is key support on any decline. Breakage back through the 3588 September high that is sustained should elicit a test of 3520 (the 350 SPY strike into Friday Opex in play?)” We wrote the above in Wednesday morning’s […]
Continue Reading -->Historic Price Moves In the Midst Of Broad Distribution Patterns
Since their Climax Runs into September 2, the NAZ and SPX have carved out what look like aberrant Broadening Top formations. The classic Broadening Top is a pattern that looks like a megaphone with 5 points of successively higher highs and lower lows. Currently, both indexes show a 5 point pattern of swing highs and swing lows since September […]
Continue Reading -->Hot IPO Cup & Handle Strategy: PRLD
In the late 1990s when hot internet IPO’s were exploding all over the tape, I developed the Hot IPO Pullback strategy to take advantage of continuation after the hot money had flipped out. 20 years later the strategy still does a great job of identifying when these Hot IPO’s will be on the prowl — […]
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