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GS Follow Up

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In January we flagged a potential square-out in GS at 248. On January 13, GS left a signal reversal bar from 247.77 followed by a 90 degree decline to 231-232 in tandem with a test of its 50 day moving average. This was the first such test since GS exploded in early November. The first […]

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T3’s Take 3: So They Bought the Trumpin’ Dip!

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1) Global Selloff International markets sold off today after President Donald Trump signed suspended travel to the US from 7 Muslim-majority countries. Most European indices fell more than 1.0%, with Italy’s FTSE MIB Index dropping -3.0%. Meanwhile, the US Dollar fell -0.9% against the yen, which is viewed as a safety asset. The drop in […]

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T3’s Trades of the Week: Jeff Cooper’s SPX Cascade Setup

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Welcome to the latest edition of T3’s Trades of the Week newsletter! Let’s dig right in to this week‘s trades and analysis: 1) Jeff Cooper’s SPX Cascade Setup Trade below the top of the flat at around SPX 2282 is a red flag, while a break of the bottom of the flat suggests a fast […]

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T3’s Take 3: The VIX Almost Breaks 10 Amid Snoozefeest

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1) Holding Above Dow 20K We held above the widely-watched Dow 20K mark for the third day in a row today, but excitement remains elusive in this market. The S&P 500 finished down -0.2%, and the Dow and Nasdaq didn’t do much either. The Russell 2000 fell -0.4%, but that’s no big deal considering how […]

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SOX Rolls Up To Reistance

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The semiconductors have been darling’s of the bulls for the last year. The SOX has hardly had a hiccup since tracing out a triple bottom backtest of the 2007 high. However, a clear 5 waves up from the 2009 low may be on the table with the SOX tagging the upper rail of a parallel […]

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T3’s Take 3: SPX Cracks 2300 on a Boring Day

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Before I get started, I’d like to invite you to the 2017 Chart Summit, where T3 Live’s Scott Redler will be making an online presentation. Click here for more info. 1) S&P Breaks 2300 The S&P 500 made another new all-time high today, just barely squeaking by the 2300 mark to hit a peak at […]

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Why GDXJ Could Hit $35 Near-Term

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We sent a note to Daily Market Report readers to sell the balance of our miners on Tuesday and our trailing stop on GDXJ got tagged on Wednesday morning. They held up relatively well yesterday with a late-day rally where GDXJ pushed into the morning gap. These late-day rallies following a signal reversal bar (Tuesday) do […]

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T3’s Take 3: The Bulls Are Back in Town

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1) Bulls Rage On Many traders expected the seismic political shift in the United States to be reflected in stock market activity, but we’ve been stuck in a 2% trading range since mid-December. In fact, over the past few days, S&P 500 volatility has been dropping towards last summer’s rock-bottom levels. However, the trend may […]

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How To Read Charts Using the Square Of 9 Wheel

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Tuesday was a trend day in the markets and a nice day in many stocks. So  we’re going to walk though some stocks/setups that we’ve been playing and have had on our radar for the last few sessions. On Friday morning we sent an alert, Trading Notes: Holy Grail On the Table where we highlighted […]

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Trump Pumps Up Pipeline Stocks, and I’m Holding On

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Way back on December 11, 2015, I tossed the Kayne Anderson MLP Closed-End Fund (KYN) into my retirement account, back when it was around $14. President Trump signed orders to expedite the goverment’s review of the Keystone XL and Dakota Access pipelines, which is driving up shares of MLP’s, with KYN breaking through $20. KYN’s […]

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