All posts by Jeff Cooper
Morning Call Express: S&P 500 and The NFP Market Mover
In today’s Morning Call Express, Jeff Cooper talks about the recent range in the SPX and how it has been one of the tightest on record. He also talks about many underlying internals that could lead to a significant move lower.
Continue Reading -->Is The High For The Year Behind Us?
Follow Jeff Cooper on Twitter: @JeffCooperLive “Belonging is the highest level on the pyramid of consciousness.” Wayne Dwyer “Men, it has been well said, think in herds; it will be seen that they go mad in herds, while they only recover their senses slowly, one by one.” Charles Mackay, Extraordinary Popular Delusions and the Madness […]
Continue Reading -->Is a Gold Correction on the Table?
As the daily GDXJ below for 2016 shows, there have been 3 tests/undercuts of the 20 day line this year. Each has perpetuated a continuation in keeping with the idea of pullbacks to a rising 20 day as a Holy Grail Buy signal. When the 20 day m.a. was regained in early June, a new […]
Continue Reading -->Monday’s Hook Line & Sinker Signal In Oil
On Friday, oil gapped down to a new 60 day high but closed at/near session highs registering a Gilligan buy signal. When Friday’s ‘tail’ was snapped, oil skidded lower undercutting the key 40 level. As projected since topping out at 51, a downturn in oil targeted 38 to 39. Many stocks in the sector left […]
Continue Reading -->Frozen
Friday was month end and just as Fridays like to set record highs in a bull run so too does month end. However, this record high comes after 7 days with the SPX frozen at our 2174 square-out. Who would have ever thought the SPX/SPY would carve out an historic flat after this thrust off […]
Continue Reading -->Crude Canary?
This week the Fed left interest rates unchanged. AAPL exploded on earning’s. FB exploded 5 points after reporting but tailed off to close near session lows. But the SPX remains range bound. Yesterday after the bell, AMZN ran up but has given back the lions share of those gains. What will it take to break […]
Continue Reading -->Gold Just Called the Fed’s Bluff
Editor’s Note: Click here to learn more about how Jeff is crushing the market this year.. ******** The miners started down initially on the Fed yesterday but did an abrupt about face calling the Fed’s bluff on a weak statement. The miners knifed down and then shot up to gap fill. As offered yesterday, GDXJ was […]
Continue Reading -->Time For A Turnaround In GDXJ?
GDXJ is in the Minus One/Plus Two sell position for the first time since topping out at $50 on July 13. This is occurring on a backtest of its 20 day line for a possible Holy Grail setup in tandem with a Fed meeting. This is only the second time the 3 Day Chart has […]
Continue Reading -->Another Golden Hammer on the Miners
It’s a Monday and we’re seeing another golden hammer, with gold down 0.8% at $1312.70. Last Wednesday, gold and the miners had a breakaway gap to the downside followed by a sharp rebound on Thursday when GDXJ backtested its overhead 20 day moving average: Today’s gap down looks like the second cheese will get the mouse for […]
Continue Reading -->Jeff Cooper: Are We Stepping Into a Bull Trap?
Follow Jeff Cooper on Twitter: @JeffCooperLive The buy program ended on Thursday. An hourly SPY shows a breakout above a 3 day flat or Slim Jim and a break back into the flat. If the SPY violates the formation with authority, it will trigger a little hourly Boomerang sell signal. Below the gap at 215ish is […]
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