All posts by Jeff Cooper
July 2023 = July 2007? The Truth About the Fastest Rate Hike Cycle in history
“Signals curling on an open plain, rolling down the track again See the sky about to rain.” –Neil Young, See The Sky About To Rain July 2023 “So the staff now has a noticeable slowdown in growth starting later this year in the forecast, but given the resilience of the economy recently, they are no […]
Continue Reading -->About Apple’s Fall from Grace…
“Everything in the universe moves in a rhythm. Nothing happens at random. The underlying factors are, in their turn, subject to the same rhythms as the final product. The whole is not the sum of the parts, but both the whole and the parts labor under similar influences.” -George Lindsay, Market Technician Extraordinaire “I have […]
Continue Reading -->Are the Bulls Done?
Since May we have seen enormous dispersion in the stock market, ie. a wide range of outcomes in stocks versus the monolithic melt-down in 2022. Many stocks have seen significant beta since May 2023—returns far outpacing the benchmark, the S&P 500. Equity markets have shrugged off a litany of well-founded concerns these past several months […]
Continue Reading -->The Bigger the Top, the Bigger the Drop
“We’re caught in a trap, I can’t walk out.” –Suspicious Minds, Elvis Presley “The SPX broke out of a tops line for 2023 this week but reversed having struck a larger intersection of trend channels. Breakage below the 2023 top’s line around 4525 opens the door to 4400 which is the rising bottom’s line from March. […]
Continue Reading -->Is This An Historic Top?
“If you only knew the magnificence of the 3, 6 and 9, then you would have a key to the universe.” Nicola Tesla Yesterday’s Hit and Run showed the analogue comparing January 26, 2018 and July 19th, 2023. Most of Wednesday’s session that analogue looked “so far” away. However, the leading SMH, the semi-conductor index, […]
Continue Reading -->This Is Not Your Father’s Market. Or Your Mother’s. Here’s What Changed.
My dad started a private hedge fund back in the Go-Go Sixties. He was a great tape reader with innate market sense. To a large degree, tape reading has become a lost art courtesy of the Algomatics and decimalization Which was only initiated to enable the Algo’s and High Frequency Trading—not to reduce retail trader’s […]
Continue Reading -->Why Silver Is Going To $50 For The 3rd Time
“We estimate the Silver market is entering a period of tightness unseen for decades. This may not be alleviated by higher Silver prices.” -ANZ Bank Report A weekly AGQ (ultra silver bull) looks ready for another spike into August. Silver/AGQ has been in a correction since spiking to a high in August 2020.It broke out […]
Continue Reading -->How GLD Can Hit $233
We flagged the Gilligan buy signal in this space on June 29th. Immediately on the heels of that signal, GLD turned its 3 Day Chart up. It was immediately followed by 2 consecutive lower daily lows putting GLD in my Plus One/Minus Two buy position. Immediately GLD rallied, gaping up on July 7th. GLD tailed […]
Continue Reading -->Is the Stairway to Market Heaven Broken?
“When the duration of a move squares with the extent of a move, price trends tend to change.” -W.D. Gann W.D. Gann famously wrote about markets that, “Time is more important than price.” Anyone who’s been trading through more than a few cycles and tries to time a top knows how true this statement is. […]
Continue Reading -->Is the Top In?
Last week I tweeted “the top is in”. After stocks experienced their worst week since the March 2023 bank failures, Monday provided more evidence to backstop my thinking. QQQ rallied from the open striking a high after 50 mins into the session; however, the Q’s fell with authority after triggering a downside ORB. Long time […]
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