Category Archives for Jeff Cooper
Special Report: Is FB Putting In A Historic Double Top?
FB left a massive Key Reversal Week last July from 210. Range precedes price. Momentum precedes trend. Last July’s reversal saw FB decline a geometric 180 days/degrees into late December From Decembers 123 low FB carved out 3 drives back toward its all time high one year ago. A major peak followed by a ‘chasm’ […]
Continue Reading -->How to Get the Hit & Run Edge
Jeff Cooper is revisiting his flagship strategy: pullbacks. In an extended rally, breakout base setups are few and far between. When they do occur, they often then pullback sharply to backtest the breakout point… Or, they are late stage false breakouts, engineered by funds to feed the quacking ducks. Pullbacks can offer a swing trader […]
Continue Reading -->TSLA’s Crash: Putting the Pieces Together
TSLA reported after the bell, plunging 30 points. A monthly TSLA below shows the setup. TSLA hit a convergence of two long term trendlines before waterfalling last night. A declining Ghost trendline connecting the highs from 2014 through 2016 (red)was backtested in tandem with a rising Ghost trendline (green) from the 2016 through 2017 lows. […]
Continue Reading -->Get Up to Date on GDXJ & Gold
Today, Jeff shows you how yesterday’s reversal in GDXJ suggests it has some work to do. Plus, he explains why this is where the short-term rubber meets the intermediate road. That’s after GDXJ tested the high of the low 10 min bar from yesterday’s ‘look above and fail’ Jackknife sell. Gold is satisfying his initial […]
Continue Reading -->Trading War Stories with Jeff Cooper
Jeff Cooper’s father taught him many things, but one lesson in particular stands out today: Stocks don’t move, they are moved. Jeff shares one of his dad’s most profound stories from his hedge fund days. Based on what he saw in the tape, his father took a huge short position in a stock that was […]
Continue Reading -->Once Upon a Time on Wall Street
“Stock market bubbles don’t grow out of thin air. They have a solid basis in reality, but reality as distorted by a misconception.” -George Soros “Indeed, bull markets are fueled by successive waves of prior skeptics finally capitulating as their fears fade. Eventually, fear turns to euphoria, and that’s the stuff of bubbles.” -Kenneth Fisher […]
Continue Reading -->A Sloppy Tape Keeps the Bulls At Bay
Today, Jeff Cooper gives an update on his 4 Horseman of Speculation, OKTA, COUP, TWLO and SHOP, as well as some of the other Usual Momo Suspects, like GH and ROKU. His plan is to get a handle on their choppy action and see what it’s saying about the market, whether it be caution ahead […]
Continue Reading -->Why Precious Metals Exploded on Wednesday
And, where they’re going next. The miners were the story of the market on Wednesday, but the best might be yet to come. Today, Jeff Cooper is covering their potential action in both the short and long term. On June 24th, Jeff cautioned you against fading gold’s heavy glow. Wednesday delivered on Jeff’s prediction […]
Continue Reading -->Surprises to the Upside for Bullish Metals
“The abandonment of the gold standard made it possible for the welfare statists to use the banking system as a means to an unlimited expansion of credit. In the absence of the gold standard, there is no way to protect savings from confiscation through inflation. There is no safe store of value. Deficit spending is […]
Continue Reading -->The Beginning Of Big Moves In the SPX and Gold
There are no changes to our analysis from the overnight action. The market should be in the final micro moves to complete the rally off the June lows. Arguably, a larger advance off the December low and even the 2009 lo completing as well. A weekly SPX below from January 2018 shows a close only […]
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