HCPG Blog

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

Tuesday, June 16, 2009

Change of Sentiment

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We thought that the bulls would try to put up more of a defense today but so far the bears are winning the day. In last night's newslett...
Monday, June 15, 2009

SPX gap filled

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SPX gap from May 29 now has been filled and possibly the market will try to stabilize around this number short-term. If it can't then ...

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Trannies (represented here by the ETF) were holding under 62 resistance and a break-out through that level would have been very bullish. I...
Friday, June 12, 2009

The picture of indecision

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Compare the long wicks on the last six trading days of the SPX compared to what came before -- the picture of a battle between the bears an...
Thursday, June 11, 2009

Market Talk

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There's still 90 minutes to go before the close but we have our SPX break-out and commodity stocks are going bonkers. But we expected...
Wednesday, June 10, 2009

Market Talk

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The effect of the 10 year auction results today show how focused the market is right now on the bond market. This is probably the most ...
Tuesday, June 09, 2009

Market Notes

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The SPX seems tired with some of our lead "tell" stocks such as AAPL GOOG BIDU acting exhausted. We're in a tight consolid...
Monday, June 08, 2009

Market Talk

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Very impressive come-back and the consolidation looks good here for a trip to 1000. One wild card is the USD which has been trying to mak...
Friday, June 05, 2009

Charts

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We've come a long way since the 666 bottom but as you can see bulls are still completely in control with all trends intact.    Of course...

Murky out there

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We have a tough time making money on days like today.  Why?  Because the movement seemed random, technicals weren't really respected (st...

Foggy

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It's foggy out there today in market land as USD has firmed up, oil is holding flat, gold is down, and traders are trying to jostle for...
Wednesday, June 03, 2009

Free Newsletter

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We discussed how we buy support in today's newsletter.    It's free and if you want it just write to us at  info AT highchartpattern...
Monday, June 01, 2009

More Trades

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Some good opportunities from our newsletter last night.   Here are all the alerts that triggered after the open (we also lost many that gapp...
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...
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