HCPG Blog

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

Saturday, May 02, 2009

Our thoughts

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If we extrapolate from Friday's action then we would be long USO OIH XME MOO as money rotates into the new leadership of commodities. ...

Sector D: Steel and Iron

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The best two charts we could find from this sector are AKS and RIO. We had AKS at 12.5 in our newsletter Wednesday night -- it still looks g...

Sector C: Crude Oil and Oil Services

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We're move ambivalent about the Oil sector because of the lack of volume accompanying the recent break-out. If volume comes in, we'l...

Sector B: Metals and Minerals

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The ETF we like to trade in this sector is XME which looks set to go to the 200SMA and resistance around 38. Looks great. Here are our fav...

Sector A: Ag-Chems

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Over the weekend we're going to be posting up charts of some sectors that could show some decent trading opportunities come next week. L...
Friday, May 01, 2009

Commodity Rip

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We'll have to see how they close them but commodites are on fire with more break-outs in the sector that we've seen in a while -- an...

Today's triggers

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Here are all the triggers from last night's newsletter (BTU 27.5 long, CNX 33 long, FLR 37 short, USO trend-line long over 29). A...
Thursday, April 30, 2009

Comp 200 SMA tag and reverse

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We've been harping for a few days in our newsletter about the 200 SMA and the Nasdaq. The following chart shows a vertical run into t...
Monday, April 27, 2009

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CDC Warning-- Please refrain from the following:
Sunday, April 12, 2009

Financial Fun

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Expect a lot of volatility in the Financials this week with the news of GS offering and GS earnings. The "stellar" earnings on W...
Saturday, April 04, 2009

We see what we want to see

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From Wired Magazine: Recipe for Disaster: The Formula That Killed Wall Street ...

USA: Banana Republic

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One of the best articles we've read in a long time, written by Simon Johnson, the former chief economist of the IMF (2007-2008). Take a ...
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