HCPG Blog

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

Thursday, December 24, 2009

Easy Tape

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The current market is one of the "easy tape". Whatever one puts on (as long as its long) goes up - technicals work like magic and...

Holiday Trading

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Holiday trading can sometimes be so predictable as traders run third-tier names (i.e. AIG) and small-cap Momentum names. This is the reason...
Wednesday, December 23, 2009

This is what a benign market looks like

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ALL our triggers from this week -- as you can see, great continuation: AAPL 197 on trend-line break AKS 21.2 on trend-line break APC 63.2 on...

XOM talk

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XOM acts heavy but as long as the trend-line holds the long is valid. Relatively safe trade considering how close stock is to support:

Technically rewarding market

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This is a perfectly benign market where stocks bounce where they should bounce and obey technical rules -- enjoy it and play it as hard as ...

Oil Power

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Three energy stocks from our newsletter last night breaking out:

Market needs the fins

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The market will not successfully break-out without the financials participating. This divergence is a bit worrisome and we won't get ag...
Tuesday, December 22, 2009

Chart talk

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Volume is going to be aneamic but chances are the market is going to try to break-out tomorrow. Steel acts great -- we highlighted AKS MT...

Starter positions for longer term accts

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We dipped our toes in three stocks this morning for our longer term accts. Theme was gold and Ags. We bought YONG at 7.16, GLD at 105.4, a...

Metal Strength

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While gold is pulling back sharply other metals are at recent highs. Steel particularly is hot right now -- these are from last night'...
Monday, December 21, 2009

Energy stocks trend-lines/50 SMA

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We have literally a dozen charts like this one -- very bullish on a break above (over 100.5 on closing basis) but until then stay neutral. ...

AAPL talk

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AAPL smashed through the 197 trend-line/50 SMA (in our newsletter last night) but stopped short of 200 resistance. Any basing over the 50 S...

GDX through trend-line

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GDX through trend-line and heading towards the 200 SMA. If we can reach that area quickly in oversold status we will be swing long GDX at ...

BVN trend-line 29

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Still a bit away but we love this for a long support: Oversold sector going into trend-line/200 SMA near 29 on BVN. The faster BVN gets th...
Sunday, December 20, 2009

Ag-Chem support

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Ag-Chem stocks are slowly coming into very nice support zones. Our favorite is the following:

Charts

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A lot of oil charts have similar set-ups -- basing under the trend-line/50 SMA. We'd be buyers of a high-volume break-out of the sector...

Free Newsletter for Dec 21

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We discuss some notes on swing trading support and have a decent amount of stocks for the week. Free newsletter for the holidays. E-mail us ...
Friday, December 18, 2009

Gold talk

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GDX today bounced on the trend-line. We hope it's temporary and that there will be a test of the 200 SMA/daily support near 41-41.5. We...

Natural Gas

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Natural Gas is like the wild, wild West of energy and investing in it can be tricky. We prefer to invest in natural gas companies than the...

SPY test

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Today we finally had the 50 SMA/bottom of channel test that we've written about -- this is the level that has to hold for the bulls. Co...
Thursday, December 17, 2009

Swing Candidates

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Here are three trend-line break-out stocks we're watching.

Trading Talk

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We are aggressive momentum traders when a market is coming off a bottom, or one which we feel still has a lot of room for upside. However in...

AAPL

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From a short-term perspective AAPL looks vulnerable with first real support at the 185 area. We'd be buyers of the 185 support for a t...
Wednesday, December 16, 2009

Fumes

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We're not smart enough to be anticipatory traders -- we are nothing but your classic trend-traders. The current trend is up meaning ever...
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