HCPG Blog

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

Friday, May 29, 2009

More inflation Talk

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Good article  in Seeking Alpha today  if you're interested in adjusting your portfolio for inflation (and it seems like traders have do...

Good opportunities

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We always tell new traders that trading is harder than it looks, but what you always need, whether you are new at the game or a grizzled vet...
Thursday, May 28, 2009

TBT holders don't be piggish

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A month ago we wrote a post called "Commodity Rip" and discussed how commodity stocks were showing clear leadership. We highlig...
Wednesday, May 27, 2009

Dealing with a psycho market

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Accept the fact that we're range-bound and until SPY breaks 88 on the down-side or breaks through the 200 SMA and resistance (93-94) on ...
Tuesday, May 26, 2009

Dip Buyers Win Again

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Just when things could have gotten exciting on a break of SPY 88 -- dip buyers stepped in and thus far have won the day.          We wrote i...
Saturday, May 23, 2009

SPY Talk

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Clear range is setting up in the market with support at around 88 (875 on the S&P) -- if that goes then watch for a move to the 50SMA-- ...
Friday, May 22, 2009

Get your lawn chair out

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We're stuck in this range in the SPY with the floor being 88 support, and the ceiling previous highs and 200 SMA around 93-94. Un...
Wednesday, May 20, 2009

Day Traders get their day

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It's not 1 PM yet so too early to call it but thus far it looks like a reversal day. Consolidation near resistance is actually good fo...
Tuesday, May 19, 2009

Suspense Continues

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SPY testing the other side of the trend-line and looks like it wants up for a visit to the 200 SMA. We're neutral now, bullish on a ...
Monday, May 18, 2009

Monday morning green shoots

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The market gapped up today (complete reversal from futures being down almost 1% last night) on upgrade on BAC, an uptick in "homebuilde...
Friday, May 15, 2009

SPY talk

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In retrospect, it would have been too cute for 88.5 to hold -- we broke it, hit the 20 SMA and bounced. Unless we get new "green...

SPY 88.5

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Three touches now on this level. How cool is that? Update: We jinxed it -- SPY now under minor support intraday. Close today will be s...
Thursday, May 14, 2009

So far So good

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As we wrote last night in our newsletter we were looking for a bounce on the commodities today. So far so good -- however, now the big test...
Wednesday, May 13, 2009

Day of Opportunity

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These are all the stocks that triggered our numbers today from last night's newsletter: Let's start with the two longs that went ove...
Monday, May 11, 2009

Bucket of Cold Water on the XLF

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We have great respect for Meredith Whitney. She saw the cracks in the house of cards before the crisis, then before the latest bank earning...

Intraday Updates

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Thus far today the bulls have done a very good job of holding support. These are intraday updates of the daily charts -- look how well suppo...
Sunday, May 10, 2009

Market Talk

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With the exception of the Nasdaq weakness (as we discussed on Friday) the bulls are still in control; however, this could change soon. XLF l...
Friday, May 08, 2009

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We've been writing about this trend-line on the QQQQ for a while now in the newsletter. Note today that the QQQQ is in a peculiar spot:...
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