Category Archives for Jeff Cooper
Will a Red F.A.N.G. Bring Back the Volatility Gorilla?
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 -->Jeff Cooper: Extraordinary Popular Crowds and the Madness of Delusions
“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 […]
Continue Reading -->Jeff Cooper: Can Amazon Keep the Nasdaq Floating?
AMZN spiked after earnings and will test toward all-time highs around the 1050 strike this morning. Today is T-3 Settlement for October 31 fiscal year-end, so it will be interesting to see if AMZN is the goose that gets the gander to a new high. Strong bull markets love to set new record highs on the […]
Continue Reading -->Jeff Cooper: The End of the Volatility Fire Sale
The SPX went flat Tuesday, unable to rally back to prior day’s highs. It appears there is a lot of shorting just as big mutual funds try to keep this leviathan levitating into their October 31 fiscal year-end. Yesterday, the bulls ran a bank/cyclical buy program with BA up 4, CAT up 6, and MMM up 13. But the SPX and NAZ look like they […]
Continue Reading -->Deadly Waves Spotted 30 Years After Black Monday
“Black Monday was the contagious crisis that the system nearly didn’t survive. All the key fault lines that trembled in 2008…were first exposed as hazards in 1987.” -Diana Henriques With the clarity of hindsight, it became clear this year that the top in 2007 (a nominal new high above the 2000 top) was a B […]
Continue Reading -->Is the Market Headed for the Slaughter House?
“And Lot’s wife, of course, was told not to look back where all those people and their homes had been. But she did look back, and I love her for that, because it was so human. So she was turned into a pillar of salt. So it goes.” Kurt Vonnegut Jr., Slaughterhouse Five On August 17, […]
Continue Reading -->The Fed’s Grand Experiment Is Ending. What Does That Mean for Stocks?
“Steps taken forwards but sleepwalking back again…” -High Hopes, The Division Bell, Pink Floyd “Timing the sale is more difficult than timing the purchase because stocks reach their bear market lows simultaneously, but their bull market highs are attained independently. Following the stock averages and selling when the primary trend turns down is often unsatisfactory […]
Continue Reading -->Jeff Cooper: Not All Breakouts Are Created Equal
“A man forewarned is worth two.” -French proverb On September 12, the SPX set a new high above its August Key Reversal High. Two weeks later it remains to be seen whether the breakout is the real deal or a Bull Trap. The week before last, we noted the record historic 3 consecutive narrow range days. The […]
Continue Reading -->Secrets of Successful Speculation: Riding the FMSA Rocket
“I fear not the man who has practiced 10,000 kicks once, but I fear the man who has practiced one kick 10,000 times.” -Bruce Lee “Men who can be right and sit tight are uncommon.” -Jesse Livermore One of the hardest things for a trader is selectivity. There are lots of setups to choose from […]
Continue Reading -->The Gold Train Is Leaving the Station. Are You on Board?
“Success breeds complacency. Complacency breeds failure. Only the paranoid survive.” -Andy Grove “Complacency is a state of mind that exists only in retrospective: it has to be shattered before being ascertained.” -Vladimir Nabokov. “The word cosmic is in danger of losing its s.” -Vladimir Nabokov The phase ‘suspension of disbelief’ is a literary term of […]
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