Weekly Sentiment Update: Bulls Are on Parade and Froth Is Setting In
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 sentiment climb to undeniably bullish territory. Now, let’s see if anything’s changed following the market’s HUGE bull move off President Trump’s address to Congress. 1) VIX Spread – […]
Continue Reading -->The AAPL Doesn’t Fall Far from the Tree
Editor’s Note: This is a FREE edition of Jeff Cooper’s Daily Market Report. For some time the axiom that “AAPL is the market” fell to the wayside. That changed when AAPL broke out in January, continuing to a new all-time high last month. Now that AAPL has eclipsed its high from the spring of 2015, it […]
Continue Reading -->The Tides Of March
I keep hearing that there is no retail enthusiasm in the market and therefore no froth and therefore plenty of headroom with the line of least resistance continuing higher. Maybe. But Vanguard, a mutual fund company, announced two weeks ago that it just hit $4 trillion in total assets. Retail investors are plowing money into […]
Continue Reading -->Resistance and Support Ahead of Trump’s Big Speech
The Russell 2000 is popping 0.6% today while the major averages are only barely green. On Friday, it nearly tested that descending trendline from which the recent little rally erupted. Has resistance become support? I assume if the Russell can hold this 1380-1400 range, I assume the bears don’t stand much chance of finally breaking the […]
Continue Reading -->Why Tesla Could Be Driving Towards $223
Editor’s Note: This is a special FREE edition of an alert from Jeff Cooper’s Daily Market Report: Last week we walked through the topping signals in TSLA in a report the non-Randomness of the Market As Defined by TSLA, which suggested a minimum move to 223ish. TSLA left a sell set-up, my Minus One/Plus Two […]
Continue Reading -->The Iceman Setup Cometh: AGX
Earlier this week, Daily Market Report subscribers initiated a short position in AGX as it backtested its overhead 20 day moving average for a Holy Grail sell setup (tests of the 20 day line). The setup coincided with an Iceman sell signal. This occurs when a stock falls ‘through the ice’, support, it’s been skating […]
Continue Reading -->Weekly Sentiment Update: The Broken Permabear Clock Is Finally Right!
Permabulls always say everyone’s bearish. And permabears always say everyone’s bullish. Neither side provides evidence for their views. So let’s see how traders are feeling after what may have been a change in complexion yesterday. With hot momentum stocks like NVIDIA (NVDA) and Tesla (TSLA) taking beatings, let’s measure the market’s mood for insights on where things […]
Continue Reading -->The Non-Randomness Of the Market As Defined By TSLA
“Such harmony is in immortal souls, But, while this muddy vesture of decap Doth grossly close it in, we cannot hear it.” – William Shakespeare, The Merchant of Venice “After exhaustive research and investigations of the know sciences, I discovered that the Law of Vibration enabled me to accurately determine the exact points to which […]
Continue Reading -->Holy Grail Squared
The SPX tested its 20 period on the hourlies twice yesterday and rebounded…but to lower highs. A break now below the 20 period, now at 2343…where the index is set to open, should lead to an extension lower with the 3rd time a charm at least short term for the bears. Pullbacks to the rising […]
Continue Reading -->Vintage Wall Street: The Paul Tudor Jones Documentary ‘Trader’
Editor’s Note: The ‘Trader’ video has been pulled from YouTube. We will replace if it we find another copy online. Paul Tudor Jones, founder of Tudor Investment Corporation, is one of the greatest traders of all time. Jones has amassed billions of dollars in assets under management and personal net worth trading everything from futures […]
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