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All posts by Jeff Cooper

Jeff Cooper: Trump, Greenspan, and Pre-Emptive Strikes

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On August 11, Alan Greenspan was sworn in as Chairman of the Fed. The market peaked 2 weeks later. Following a runaway move, Greenspan fired a pre-emptive strike against inflation fears by raising the Discount Rate by 50 basis points. On Saturday, October 17, 1987, Treasury Secretary James Baker told the Germans to “either inflate […]

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Connecting the Dots

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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 […]

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Gold Is in Gear

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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 […]

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If You Can’t Measure the Market, You Can’t Manage Risk

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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 […]

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GS Follow Up

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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 […]

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SOX Rolls Up To Reistance

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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 […]

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Why GDXJ Could Hit $35 Near-Term

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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 […]

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How To Read Charts Using the Square Of 9 Wheel

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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 […]

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An Important Week For the Dollar

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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 […]

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A Year Ending In 7

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  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 […]

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