Jeff Cooper: Is Tesla Running on 3 Wheels?
As an icon of speculative sentiment for the post-election rally, the action in TSLA is very relevant. In May we offered that if TSLA offset $318 it would run to $351+. In early June, we showed a daily TSLA flagging two levels $373 and reiterating a more important square-out level at $384. How did I […]
Continue Reading -->Trader’s Digest: The 10 Stories We’re Reading Right Now
Wonder what traders are talking about today? We’re here with the top 10 stories we’re sharing with colleagues today, covering topics like:Why the Fed just joined the masses of traders worried about the low VIXGoldman’s big bad bear case on hot momentum stocks Tesla (TSLA)What you can do to start your day like a winnerAnd more! So check […]
Continue Reading -->Jeff Cooper: Is the Nasdaq Repeating 2000?
“Never argue with stupid people. They will drag you down to their level and then beat you with experience.” -Mark Twain “There are two ways to be fooled. One is to believe what isn’t true; the other is to refuse to believe what is true.” -Soren Kierkegaard If I didn’t know better, I’d think I […]
Continue Reading -->Weekly Sentiment Report: Fear Is Here!
Last week, I asked if the bulls went too far. Options traders were buying call options like crazy, betting on a big pop into quarter-end. Turns out, the only thing that popped was the VIX, which rose 56% intraday yesterday, its 5th largest range ever. Take a look at this chart: So let’s take a […]
Continue Reading -->Jeff Cooper: These Rallies Were Made for Selling
For the last 6 months, we have been saying that 2017 held the potential for a dramatic reversal, not just in stocks, but in many markets. My thinking was that May would set the stage for this process with the initial tremors being felt throughout June beginning with the week of June 6. To recap […]
Continue Reading -->NVDA: Determining Buy & Sell Points With the Square of 9 Wheel
In early June we flagged square-outs in TSLA, AMZN and NVDA. A TAN line in the sand if you will for June. The NVDA square-out ties to 162. Let’s recap how I got there. From the 95 low to 162 is 540 degrees. This is a true square or cube. Why? Because a 6 sided […]
Continue Reading -->Jeff Cooper: F.A.N.G. Stocks Get a Root Canal
“It is necessary for you to learn from other’s mistakes. You will not live long enough to make them all yourself.” -Hyman G. Rickover Something funny happened on the way to what looked like a window-dressing ramp into quarter-end on Monday morning. The usual glamour suspects opened strongly on Monday but reversed sharply after Opening […]
Continue Reading -->Weekly Sentiment Report: Did the Bulls Just Go Too Far?
Permabulls always say everyone’s bearish. And permabears always say everyone’s bullish. But let’s look at the actual numbers to see how the crowd actually feels. Last week, we saw a rapid increase in bearishness. The moment the Nasdaq started looking shaky, traders started scooping up put options in advance of a larger fall. But in keeping with […]
Continue Reading -->Sami Abusaad: Trading Tips You’ve Never Heard Before
In this special extended webinar, T3 Live’s Sami Abusaad breaks down his latest trading tips and techniques for a select group of former students. Watch this video and learn:Why you find trading difficult, and why it’s NOT your faultHow to escape over-attachment to money, which can cause big lossesTips for avoiding failed breakouts (which is most […]
Continue Reading -->Jeff Cooper: Are Bear Markets Extinct?
Financial markets are inherently cyclical. In the final stages of a bull market, the consensus neglects this fact. Does that remind you of the last few months? Through the years, almost everybody has tried to call the end of the current 8-year bull at least once. Now most players won’t even try to call a correction. […]
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