HCPG Blog

An educational blog which supplements subscriber service Chart Patterns are nothing but Footprints of the Greenbacks.

Wednesday, July 05, 2017

Make peace with not catching every move

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Posted by  hcpg   on April 7th, 2013 We had two conversations about a particular  trading topic on Friday — one was with a long time ...

Trader’s edge: Overcoming the Distancing effect

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Posted by  hcpg   on June 9th, 2011 Modern civilization demands abstraction, and money is the ultimate signifier.    Most of our inte...

When knife catching is not knife catching

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Originally published May 10, 2011 We’ve tweaked this strategy as the years have passed and here is quick outline of the main points of ...

Trading Thoughts

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Wisdom doesn’t necessarily come with old age; it comes through experience, learning, and above all, self-analysis.    The same is true in ...

How to run a straight-up business: newsletter case study

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We have been running the HCPG newsletter now since 2006.   We are very happy with what we have created over the years and believe that man...
Sunday, March 11, 2012

Easier to stay long with financials at our backs

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Having conviction on the long side (which is essential when it comes to buying pull-backs) is a lot less stressful when financials act this...
Tuesday, March 06, 2012

The Other Side

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When $IWM broke 81 we wrote a post saying it was the big news of the day and that if bears wanted to push, this was the time.    Now it’s ...
Wednesday, February 29, 2012

Divergence food for thought

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Not sure how to interpret this chart (lack of belief in China growth?) but the divergence between $QQQ and the metal miners $XME hasn’t b...
Sunday, February 26, 2012

Refiners coming into important zones

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Refiners had a hard reversal on Friday and look like they want to test their respective 20SMA averages on daily.   Let’s take a look at ou...
Thursday, February 23, 2012

Market hasn't gone anywhere but look at the move on these stocks

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We have referred to this market as “benign” as a while now and one of the features of a kind bull market is even when the market sits and ...
Monday, February 13, 2012

This is how we trade

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We keep things very simple for our trading.   Every day after the close we manually scan through our universe of stocks looking for patter...
Thursday, February 09, 2012

All about this chart

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We are basing at the very important 135 $SPY area while trending higher on the 20ema on the 60 min chart.  However note that we have test...
Tuesday, February 07, 2012

Sticky Level

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The bulls couldn’t ask for better price-action thus far as the market is refusing to pull-back and instead is constantly digesting thru tim...
Monday, January 30, 2012

Map going forward

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Slight sell-off today making today’s candle completely below the Standard Deviation 1 on the Bollinger Band, first time since Jan 03.    H...
Friday, January 27, 2012

The re-test market

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This last month has been one of the best markets for break-out traders we’ve seen in a long time.   Everything works:  not only the first ...
Wednesday, January 18, 2012

The chosen ones

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Our readers know that we like to find big spots on our favorite stocks and then focus on them until they break-out.   The longer they’re o...
Sunday, January 15, 2012

It's not the charts, it's what mood the market is in

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Almost every break-out we had in our newsletter last week worked, from copper stocks, fertilizer, biotech, oil, tech, no wonder what secto...
Wednesday, January 11, 2012

Don't get frustrated by the gaps

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Our readers know that if a stock gaps above our alert we either a) let it go b) wait for an intraday set-up to form  or preferably c) wait ...
Friday, January 06, 2012

Place your bet

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We’ve posted these charts on the stream in the last 2 days but wanted to bring them in together to show what is at stake: We’ve spent all ...
Monday, December 26, 2011

Stay Cynical

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After a few days off from the market we came back refreshed and energized and happy to see the Santa rally.   But then we looked through o...
Monday, December 19, 2011

Remember that 2009 trendline

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We wrote about the $SPY 2009 trend-line on this blog at least a dozen times earlier this year  — it was for us the only chart that counte...
Sunday, December 18, 2011

Bonds and the case against a market bottom

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A quick look at the March 2009 bottom versus our current position at the end of 2011.      Note how the inverse correlation between bonds a...
Wednesday, December 14, 2011

Metals trying to hold support

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Gold ( $GLD ), silver ( $SLV ), and our favorite junior miner ETF ( $GDXJ )  all are attempting to find footing (bouncing intraday before t...
Saturday, December 10, 2011

Houston: We have our base

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We’ve talked about the 200SMA wall for months — every time the $SPY got close to this major resistance in it did so from an exhausted V-t...
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