(Editor’s Note: Get Jeff Coopers All-New Hit & Run Training 2.0 Home Study Course PLUS 30 days access to the Daily Market Report for just $7. Click here to get started today) On Tuesday morning, I sent Daily Market Report readers this chart of the Philly Semiconductors Index (SOX): The SOX was perched on a trendline from […]
Continue Reading -->(Editor’s Note: Get Jeff Coopers All-New Hit & Run Training 2.0 Home Study Course PLUS 30 days access to the Daily Market Report for just $7. Click here to get started today) On October 25, China Lodging Group (HTHT) put in a Large Range Key Reversal Day following a bit uptrend: After drifting lower, on 11/15, my […]
Continue Reading -->There is an old saw that history repeats is because we don’t learn from it. Sometimes when we look at the panorama of the past, nuances and unique synchronicities resonate with the present. With that in mind, I can’t help but notice that the song Happy Days Are Here Again was written in 1929. Even […]
Continue Reading -->Yesterday, we showed Daily Market Report readers a chart suggesting AAPL’s 20-point rip to well-defined resistance may have been a culminating climax of some degree. AAPL is set to turn the important 3 Day Chart down (3 consecutive lower daily lows) this morning, putting it into gap-window from November 3. Offsetting the gap suggests a test […]
Continue Reading -->“At the end it became quite complicated but at the beginning it was simple.” -Paul McCartney “This is our journey and things have been put in place inside of our consciousness.” -John Lennon There are markers across the mystery of the social panorama that over time become larger than life. An explosion in the culture and popular […]
Continue Reading -->“The path is smooth that leadeth on to danger.” William Shakespeare There’s always some news for pundits to point to explain market action day today. There’s always some news ….and someone usually knows. Take a look at the chart below of the sell spike prior to news on the tax bill yesterday. (click to enlarge) […]
Continue Reading -->“How do I forecast future cycles?” you may ask. In order to forecast future cycles, the most important thing is to begin right, for if we have the right beginning, we will get the right ending. If we know the cause of the effect, then there can be no doubt about predicting the future event […]
Continue Reading -->On October 24, 2017, fracking Fairmount Santrol Holdings (FMSA), a name familiar to Daily Market Report subscribers, came back on my radar. It showed a 50% retrace from the $2.50 summer base to the early October $5.00 high. It also successfully tested the 50-day moving average, as you can see on the chart. I initiated a […]
Continue Reading -->Potentially, the market blew off one week ago on earnings from AMZN, GOOG and MSFT last Friday. The SPX hit the important 2582 level, which ties to a Gann 4,500 degrees up from the 666 low in 2009. The SPX has respected 2582 since last Friday. It will be interesting to see if the index can cobble out another new high on […]
Continue Reading -->“In reading The History of Nations, we find that, like individuals, they have their whims and their peculiarities, their seasons of excitement and recklessness, when they care not what they do. We find that whole communities suddenly fix their minds upon one object and go mad in its pursuit; that millions of people become simultaneously […]
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