All posts by Jeff Cooper
Connecting the Dots
Below is the daily chart of the SPX from January 2016. Note the intersection of a green trendline connecting the Feb low in 2016 with the late June low at the December pivot high and a red trendline connecting the April 2016 top, the August 2016 top and the December top. This suggests the recent […]
Continue Reading -->Gold Is in Gear
On January 9, we followed up on our projection for GDXJ to reach 39.50 to 40. This represents a 180 degree price advance from the 27/28 low on December 20. That low was a time/price square-out because 28 is 90 degrees square December 20. This morning, GDXJ is setting a new 12 week high. It […]
Continue Reading -->If You Can’t Measure the Market, You Can’t Manage Risk
My Square Of 9 Wheel does a good job of measuring risk and identifying major changes in trend. W.D. Gann said if you can find the zero point you can measure the market. Gann considered the Spring Equinox to be the natural beginning of the year. On the Square of 9 Wheel note that 19 […]
Continue Reading -->GS Follow Up
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 […]
Continue Reading -->SOX Rolls Up To Reistance
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 […]
Continue Reading -->Why GDXJ Could Hit $35 Near-Term
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 […]
Continue Reading -->How To Read Charts Using the Square Of 9 Wheel
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 […]
Continue Reading -->An Important Week For the Dollar
The dollar made a 14 year high to kick off 2017 but quickly reversed leaving a weekly signal reversal bar.. The subsequent follow through saw a turn down of the important 3 Week Chart last week. The dollar continued lower yesterday flirting with a test of its 20 week moving average around 99.60. This coincides […]
Continue Reading -->A Year Ending In 7
It’s been a remarkable year. 2016 opened with the worst January in history, Despite the January Indicator signaling a bad year, we’ve ended with the DJIA traveling 2000 points in record time and the SPX jumping about 190 points from the Trump Low. Can the breakout at the end of the year be trusted […]
Continue Reading -->Golds Big Back-test?
Yesterday many signal reversal bars were left on the precious metals miners. There were Gilligan buy signals all around. PAAS and GDXJ both left Gilligans. This is a strategy I created to help define Selling Climaxes. It is a gap to a new 60 day low with a close at/near session highs. Follow through is […]
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