Category Archives for Jeff Cooper
Tesla: The Stock That Launched a Thousand Shorts
Tesla (TSLA) Tuesday was a one/two punch to the shorts in the stock. First, the news the Saudi Sovereign Fund had built a position. Key word, ‘had’. Then, remarkably coincidentally, Musk’s tweet about ‘considering taking TSLA private at 420.’ I don’t believe in too many coincidences in the market any more than hope is a strategy. […]
Continue Reading -->Why This Is Such an Important Week for Traders
August 8, 1908 is the day Gann said he discovered his Master Time Factor. The likelihood is he was being cryptic, as usual. You have to remember that Gann sold courses back in the 1930’s for as much as $5,000, equivalent to the price of a big house. There is a significant cyclical signature in […]
Continue Reading -->2 Bearish Signals That Would Confirm a Turning Point
We’ve been flagging August 8, 2018 as a possible big cycle turning point for over a month now. In concert with this potential time frame, we noted a possible square-out on the SPX yesterday as August 7/8 ‘points to’ 2863. The SPX spiked up to 2863 and sat there all day tailing off and leaving a […]
Continue Reading -->The Daily Market Report Radar: What We’re Doing Today
This morning we sent a ROKU daily showing a Holy Grail sell setup. It gapped up on a further Pinocchio of its 20 day m.a. and rolled over triggering us short on an Opening Range Break at 47.81. Bearishly, ROKU has offset this morning’s gap. First support is near 46.80 and the 20 period on […]
Continue Reading -->QQQ: Is Mr. Market About to Pull the Plug?
Jeff Cooper’s Daily Market Report See the position of the leading QQQ’s and learn why this week is an important pivot. What level will pull the plug on the entire structure of the Q’s for 2018? Jeff Cooper has the answers. While there is potential for a fling to 185, caution is warranted because of an intersection of […]
Continue Reading -->Where NFLX and FB Could Go Now
At the end of July following the swan dives in NFLX and FB, we flagged that 360 degrees down from NFLX’ 434 high is 345. Often stocks overshoot 90 degrees which ties to the low print in NFLX last week at 328. NFLX has traced out what looks like a little Bear Flag. That could […]
Continue Reading -->How to Know When the Bull Market Is Over
The SPX‘ range for this year is 340 points. From the January top to the February low a decline of 340 points played out for the first test of the 200 day m.a. since the election. 340 is 180 degrees straight across and opposite August 21st on the Square of 9 Wheel. August 21st was […]
Continue Reading -->If the Market Can’t Rally on AAPL, Something Is Wrong
“This was a big storm and he might as well enjoy it. It was ruining everything, but you might as well enjoy it. ” -Ernest Hemmingway, For Whom the Bell Tolls “In times of rapid change, learners inherit the Earth, while the learned find themselves beautifully equipped to deal with a world that no longer […]
Continue Reading -->Why I’m Short Tesla Into Earnings
Jeff Cooper’s Daily Market Report TSLA reports after the bell.A fellow trader just asked me what I think.I’m staying short.As Jesse Livermore said, the line of resistance is down.TSLA broke a 3 point trendline from March, May and July on 7/23.It bounced up into the open gap turning its 3 Day Chart up in the […]
Continue Reading -->How to Ride a Stock Waterfall the Right Way
Jeff Cooper’s Daily Market Report Whether we like it or not, as traders, we are all in the pattern recognition business. This video walks through how pattern recognition of the fractals of the double tops in GDS, which backstopped my zeroing in on it for a short idea last Friday. We covered half on Friday and rode the 2nd […]
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