Why Tech May Be Topping Here: This Is What You Need to Watch
Tech stocks, including biotech, are almost single-handedly holding up this market.A weekly XLK shows a triple bottom at a trendline connecting the November 201`6 election low to the February low has perpetuated a push to record highs.On the week of April 2, the 3 Week Chart turned down and defined a low, a successful test […]
Continue Reading -->TWTR: How I Calculated My $39 Target, and Why It Could Get to $44
On Monday morning, we sent a note indicating TWTR was targeting 39.I didn’t know it would get there within a few hours.Behind the projection was that 180 degrees up from the 26.60 early April swing low is 39.Checking TWTR’s price pattern shows it pivoted out of a mid-channel Cup & Handle on Friday, gapping up […]
Continue Reading -->Who’s in Charge? The Bulls or the Bears?
Jeff Cooper’s Daily Market Report Today is a “Gann Turning Point,” which means a potential point of acceleration… or a drop. Jeff Cooper uses the leading index – the Russell 2000 – to set the levels you need to watch. This will tell us who’s in charge – the bulls or bears.Get Jeff’s all-new home-study […]
Continue Reading -->IWM: Determining a Turning Point for the Trend
Let’s pull back the lens to look at a weekly IWM.There are 3 tools I use to determine the trend of the market.They are price, time and pattern — not indicators.Indicators are more descriptive than predictive.Price is the behavior of the 3 Week Chart.Time is the geometry of the cycles.Pattern is the symmetry carved out […]
Continue Reading -->How I trade the close | Sami Abusaad | Black Room
Sami Abusaad | Black RoomSami discusses a hot topic…”Why he likes to trade the close, the last 20-30 minutes of the day.” Many traders shy away from the open and the close for fear of unpredictable price action. Listen as Sami explains how a professional views this volatility as opportunity.
Continue Reading -->Key SPX Levels to Watch | Daily Market Report
Jeff Cooper’s Daily Market Report In today’s 5 minute Daily Market Report video Jeff gives a detailed analysis of the SPX for 2018 and explains the patterns that unfolded inside a giant pennant dating back to January. Jeff mentions the following signals and patterns: Island Top, Breakaway Gap, Soup Nazi (bull trap), and a “Plunge […]
Continue Reading -->Why Splunk Was a Buy Just After Today’s Open
Jeff Cooper’s Daily Market Report Now we know why the dollar has been running for the past few weeks. See how the market telegraphed the flight to safety trade that resulted in a “kiss of death” trendline for TLT. Jeff also names levels that could propel the SPX higher. Get Jeff’s all-new home-study course Hit & […]
Continue Reading -->How the Market Telegraphed the Flight to Safety Trade
Jeff Cooper’s Daily Market Report 15 minutes after the open, Jeff said SPLK was a buy on a pullback. SPLK left a signal reversal bar from a false breakout. See how a top trader combines multiple signals and time frames to create a high probability setup.Get Jeff’s all-new home-study course Hit & Run Trading 2.0 […]
Continue Reading -->Trader’s Digest: The 10 Stories We’re Reading Right Now
Wonder what traders are talking about today? We’re with the top 10 stories we’re sharing with colleagues today, including: Scott Redler Tracks IQ’s Major Breakout Tesla Model 3 gets Consumer Reports recommendation after braking update; shares hit session high This Trader Averaged $1,170/Day in Profit Doing Something He Loves And more! So check out these links right now and get […]
Continue Reading -->Is the 18-Year Cycle Giving Traders Whiplash?
Is this a bullish Backtest or a bearish Bouceback?Was yesterday’s pullback to the 50 day and a 505 retrace a bullish backtest?Given the underlying strength in many leadership names that were shrugging off Tuesday’s decline that may be the case.The bear case is a bearish bounce back that may even see a false breakout to […]
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