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All posts by Jeff Cooper

Can the Market Be Predicted?

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“Look deep into nature and then you will understand everything better. “ Albert Einstein “There is no logical way to the discovery of these elemental laws. There is only the way of intuition, which is helped by a feeling for the order lying behind the appearance.” Albert Einstein “Coincidence is God’s way of remaining anonymous.” […]

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Jeff Cooper: Fabrinet and the Power of the Square of 9 Chart

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We’ve been buzzing about a low in Fabrinet (FN) for the past week, based on what looked like an Exhaustion Gap and Gilligan buy signal on 5/3. As my Square of 9 chart  shows, $31-$32 and May 3 set up an idealized time/price square-out: (click here to enlarge) Interestingly, FN undercut the bottom rail of […]

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Jeff Cooper: The Lobotomized Market of 2017

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Joe Kennedy, the father of JFK, made most of his money in the stock market in the 1920’s. Famously, he avoided the 1929 Crash. As the story goes he sold his entire portfolio days before the crash. As Joe told the story he exited the stock market after a shoeshine boy gave him some stock […]

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Is It Dawn or Dusk for Elon Musk?

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I like TSLA, the car. The stock makes no sense to me. They are losing $13,000 a car. They are burning through $500,000 a month. Remember over a year ago when Elon Musk was pooh-poohing the price of his own stock? Was that a ruse? But I have enough sense to have known not to […]

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Jeff Cooper: Oil $49 and Gold $1262 Are the Levels to Watch

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Following the debacle from 1929 to 1932, the market rallied strongly into the spring of 1937 where the Fed, along with the vast majority of investors, thought the coast was clear. The Fed started raising interest rates. The market rolled over. Oil could be going off the cliff. It triggered another Angular Rule of 4 […]

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IPGP: An Expansion Breakout Signals an Earnings Spike

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IPG Photonics (IPGP) outlined an Expansion Breakout pattern on 4/24. An Expansion Breakout is a breakout to a new 60 day high on an expansion of range. In this case, it was a breakout over a flat top as well. Daily Market Report subscribers (click here for a FREE Daily Market Report case study) of […]

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Jeff Cooper: Where Is GDXJ Going?

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GDXJ fell below the right shoulder of an inverse Head & Shoulders bottoming pattern this week after being rejected twice from its 50 day line. As we’ve flagged, the conspicuous lack of the miners to follow gold higher was a canary in the gold mine. This leaves it in a vulnerable position. However, 180 degrees […]

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Dirty Dancing with Nasdaq 6,000?

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They say the 4 most dangerous words that can be uttered in the market are This Time Is Different. Yet 2 reporters for the WSJ couldn’t wait to say these words as the Nasdaq set a new record high yesterday. Hey, there’s got to be a narrative and justification of that narrative for public consumption. […]

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French Kiss?

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On Friday we sent a note entitled Ultimate Unsustainability? So is this 3rd political event going to be the catalyst kiss that delivers a new leg higher on the SPX and our long outstanding target in the 2400’s? There is bullish potential if the SPX reclaims and holds above a 50% retrace of the correction, […]

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Jeff Cooper: The Bonfire of the Equities?

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In this morning’s report, I couldn’t help but wonder whether investors/traders are giving short shrift to the idea of a big market event in the event of a Le Pen victory in France. After all, selling volatility and not buying insurance seems the smart move a la Brexit and the US election. Right? Maybe the […]

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