All posts by Jeff Cooper
The SPX Is in the Wheelhouse
The SPX is in the wheelhouse of major time and price projections that should produce a significant turning point. Whether it’s a 7 week reaction like the one that started at this point in 1928 with a parabolic leg to follow or whether it’s a more important peak remains to be seen. The SPX popped […]
Continue Reading -->Why 2018 Is a Transition Year for Gold
“The role of the dollar as base currency is a uniquely powerful level. It is one that is rarely thought of in terms of national security, but nothing is more important. If we lose it, we will have lost our position as the last superpower. Period.” -Charles Duelfer, US intelligence Gold saw one of the […]
Continue Reading -->Jeff Cooper: A New Year’s Resolution for Gold
The Fed has been trying to induce inflation for 8 years to little avail. Then an expansion in growth coupled with low inflation drove equities to unrelenting heights in 2017. Now there are signs that inflation is rearing its head. FCX in copper is up nearly 50% just this month. AGU in ags exploded from 104 to […]
Continue Reading -->The Gold Miners Move Better Than They ‘Should’
The miners have been outpacing gold itself in the last week or so. This is constructive for the big picture and underscores our belief that a strong advance for the metals is on the table for 2018 on the heels of a 3-year base. This big picture premise is underpinned by a weekly XAU shown in this […]
Continue Reading -->Goldilocks Gets Botox
The last report showed the SPX perched on a rising 3 point trendline from the last swing low on November 15. Thursday’s action cut through the prior swing high from December 4 creating the set up for a possible Bull Trap; however, as you know, follow through is key. There was no downside follow through. […]
Continue Reading -->SPX 2700: Is It Reality?
“Buy buy says the sign in the shop window. Why why says the junk in the yard” Paul McCartney, Junk There are markers across the mystery of the social panorama that over time become larger than life. These heirlooms of history occur as within the eye of a hurricane. They aren’t recognized as the cataclysm they are until later. […]
Continue Reading -->Jeff Cooper: Breaking Down a ROKU Rip
On Wednesday, at 2:21 p.m. ET we sent Daily Market Report members an alert to buy ROKU:We were filled at $41.09. The position worked faster than expected, so at 2:56 p.m, we sent an alert to self half the position.ROKU hit our $43.70 target pretty soon after:Now let’s look at the price action and setup that […]
Continue Reading -->Jeff Cooper: The Nasdaq Got Punched in the Face. So What’s the Plan Now?
“Everyone’s got a plan until they get punched in the face.” -Mike Tyson Stocks gapped higher on Monday’s open on what felt like the 40th rally on the tax deal. The gap was accompanied by strong breadth which waned quickly. The NAZ never confirmed the new highs in the DJIA and SPX, and the chorus of bullish pundits in the mainstream […]
Continue Reading -->Jeff Cooper: A ‘Biblical’ Move Just Put Tension on the Tape
So ‘they’ bought the ICBM dip on Tuesday… before nuking tech on Wednesday. I don’t think it was an accident. As my dad used to say, “stocks don’t move, they are moved.” Tuesday’s shrug of North Korea’s biggest missile test yet followed by an UP open on Wednesday caught complacent bulls wrong-footed and blind-sided. However, […]
Continue Reading -->Jeff Cooper Case Study: Calling the Semi Shakedown
(Editor’s Note: Get Jeff Coopers All-New Hit & Run Training 2.0 Home Study Course PLUS 30 days access to the Daily Market Report for just $7. Click here to get started today) On Tuesday morning, I sent Daily Market Report readers this chart of the Philly Semiconductors Index (SOX): The SOX was perched on a trendline from […]
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