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Jeff Cooper: Are We Heading for a September to Remember?
As we head towards September, we must be ready for a possible culmination of the bull market.
Jeffrey Cooper    

Today's Daily Market Report [subscription required] showed this daily S&P 500 chart from the major 2012 low:



That is the low that defines the long-rising channel that was violated for the first time in the decline off the July 2014 peak.

The bullish view is that the pullback into early August was a textbook backtest of prior swing highs and just another flushout of the 50-day moving average.

To be sure, the bears have learned their lesson well from prior flushouts of the 50, rushing for cover whenever the 50 dma was reclaimed.

Ditto the sold-out bulls who were hoping that the recent break would perpetuate the illusive 10% correction.

Indeed, the stampede to new record highs since the 50 dma was reclaimed has been unimpeded, though it was not buttressed by volume.

The question is, were the breaks of the lower rail of the near 2-year channel and the break of a 3-point trendline from this year's February low a shots over the bow?

1343 days from the 3/6/09 low ties to the major November 2012 SPX low at 1343.

With the SPX kissing the 2000 level 2000 days from 3/6/09, are time and price balancing out once again on a spike up into late August/early September, a historically pernicious time for climax runs to culminate?

Learn more about Jeff Cooper in this exclusive interview:



Twitter: @JeffCooperLive

Get Jeff's commentary plus day & swing trading ideas each day with a FREE 14 day trial to Jeff Cooper's Daily Market Report.
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No positions in stocks mentioned.

The information on this website solely reflects the analysis of or opinion about the performance of securities and financial markets by the writers whose articles appear on the site. The views expressed by the writers are not necessarily the views of Minyanville Media, Inc. or members of its management. Nothing contained on the website is intended to constitute a recommendation or advice addressed to an individual investor or category of investors to purchase, sell or hold any security, or to take any action with respect to the prospective movement of the securities markets or to solicit the purchase or sale of any security. Any investment decisions must be made by the reader either individually or in consultation with his or her investment professional. Minyanville writers and staff may trade or hold positions in securities that are discussed in articles appearing on the website. Writers of articles are required to disclose whether they have a position in any stock or fund discussed in an article, but are not permitted to disclose the size or direction of the position. Nothing on this website is intended to solicit business of any kind for a writer's business or fund. Minyanville management and staff as well as contributing writers will not respond to emails or other communications requesting investment advice.

Copyright 2011 Minyanville Media, Inc. All Rights Reserved.

Jeff Cooper: Are We Heading for a September to Remember?
As we head towards September, we must be ready for a possible culmination of the bull market.
Jeffrey Cooper    

Today's Daily Market Report [subscription required] showed this daily S&P 500 chart from the major 2012 low:



That is the low that defines the long-rising channel that was violated for the first time in the decline off the July 2014 peak.

The bullish view is that the pullback into early August was a textbook backtest of prior swing highs and just another flushout of the 50-day moving average.

To be sure, the bears have learned their lesson well from prior flushouts of the 50, rushing for cover whenever the 50 dma was reclaimed.

Ditto the sold-out bulls who were hoping that the recent break would perpetuate the illusive 10% correction.

Indeed, the stampede to new record highs since the 50 dma was reclaimed has been unimpeded, though it was not buttressed by volume.

The question is, were the breaks of the lower rail of the near 2-year channel and the break of a 3-point trendline from this year's February low a shots over the bow?

1343 days from the 3/6/09 low ties to the major November 2012 SPX low at 1343.

With the SPX kissing the 2000 level 2000 days from 3/6/09, are time and price balancing out once again on a spike up into late August/early September, a historically pernicious time for climax runs to culminate?

Learn more about Jeff Cooper in this exclusive interview:



Twitter: @JeffCooperLive

Get Jeff's commentary plus day & swing trading ideas each day with a FREE 14 day trial to Jeff Cooper's Daily Market Report.
< Previous
  • 1
Next >
No positions in stocks mentioned.

The information on this website solely reflects the analysis of or opinion about the performance of securities and financial markets by the writers whose articles appear on the site. The views expressed by the writers are not necessarily the views of Minyanville Media, Inc. or members of its management. Nothing contained on the website is intended to constitute a recommendation or advice addressed to an individual investor or category of investors to purchase, sell or hold any security, or to take any action with respect to the prospective movement of the securities markets or to solicit the purchase or sale of any security. Any investment decisions must be made by the reader either individually or in consultation with his or her investment professional. Minyanville writers and staff may trade or hold positions in securities that are discussed in articles appearing on the website. Writers of articles are required to disclose whether they have a position in any stock or fund discussed in an article, but are not permitted to disclose the size or direction of the position. Nothing on this website is intended to solicit business of any kind for a writer's business or fund. Minyanville management and staff as well as contributing writers will not respond to emails or other communications requesting investment advice.

Copyright 2011 Minyanville Media, Inc. All Rights Reserved.

More From Jeffrey Cooper
Daily Recap
Jeff Cooper: Are We Heading for a September to Remember?
As we head towards September, we must be ready for a possible culmination of the bull market.
Jeffrey Cooper    

Today's Daily Market Report [subscription required] showed this daily S&P 500 chart from the major 2012 low:



That is the low that defines the long-rising channel that was violated for the first time in the decline off the July 2014 peak.

The bullish view is that the pullback into early August was a textbook backtest of prior swing highs and just another flushout of the 50-day moving average.

To be sure, the bears have learned their lesson well from prior flushouts of the 50, rushing for cover whenever the 50 dma was reclaimed.

Ditto the sold-out bulls who were hoping that the recent break would perpetuate the illusive 10% correction.

Indeed, the stampede to new record highs since the 50 dma was reclaimed has been unimpeded, though it was not buttressed by volume.

The question is, were the breaks of the lower rail of the near 2-year channel and the break of a 3-point trendline from this year's February low a shots over the bow?

1343 days from the 3/6/09 low ties to the major November 2012 SPX low at 1343.

With the SPX kissing the 2000 level 2000 days from 3/6/09, are time and price balancing out once again on a spike up into late August/early September, a historically pernicious time for climax runs to culminate?

Learn more about Jeff Cooper in this exclusive interview:



Twitter: @JeffCooperLive

Get Jeff's commentary plus day & swing trading ideas each day with a FREE 14 day trial to Jeff Cooper's Daily Market Report.
< Previous
  • 1
Next >
No positions in stocks mentioned.

The information on this website solely reflects the analysis of or opinion about the performance of securities and financial markets by the writers whose articles appear on the site. The views expressed by the writers are not necessarily the views of Minyanville Media, Inc. or members of its management. Nothing contained on the website is intended to constitute a recommendation or advice addressed to an individual investor or category of investors to purchase, sell or hold any security, or to take any action with respect to the prospective movement of the securities markets or to solicit the purchase or sale of any security. Any investment decisions must be made by the reader either individually or in consultation with his or her investment professional. Minyanville writers and staff may trade or hold positions in securities that are discussed in articles appearing on the website. Writers of articles are required to disclose whether they have a position in any stock or fund discussed in an article, but are not permitted to disclose the size or direction of the position. Nothing on this website is intended to solicit business of any kind for a writer's business or fund. Minyanville management and staff as well as contributing writers will not respond to emails or other communications requesting investment advice.

Copyright 2011 Minyanville Media, Inc. All Rights Reserved.

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