Sorry!! The article you are trying to read is not available now.
Thank you very much;
you're only a step away from
downloading your reports.

Jeff Cooper on SPY 195, Trading Tells, and the US Dollar


Minyanville's technical maven tells you what you need to watch in today's action.

This article contains three of Jeff Cooper's posts on the Buzz & Banter, where subscribers can follow over 30 professional traders as they share their ideas in real time.

Between the Ticks

Pre-market action in the SPY shows a backtest of the 195 strike which ties to yesterday's breakdown pivot (explosion bar). These acceleration points often define at least first resistance on the first time up; however, recapturing 195 COULD lead to a larger rebound.

Trading Tells

Strongly trending names US Silica Holdings (SLCA) and Cheniere Energy (LNG) are getting crushed this morning.

Will they make first hour trading lows?

Names like this that have rewarded players for buying the dip may be important tells for today's action.

Dollar Rhythms

Yesterday, we showed this monthly dollar chart.

Momentum suggests there is no real resistance until 88/89, which is 90 degrees up from the 79 low.

When is the last time the dollar exploded and oil (down 9% in a month) plunged?


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.

Featured Videos