HCPG Blog

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

Thursday, May 26, 2011

Name of the game is commodity trend-line break

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We’re seeing a ton of patterns like the following.   It’s a great pattern for commodities coming off the bottom.  You don’t get the exact bo...
Wednesday, May 25, 2011

Now or Never (short term)

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Things were looking dicey last night with futures down 10.   Market recovered somewhat overnight and the beacon of light was copper which he...
Tuesday, May 24, 2011

Resistance points

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We had some initial juice in the market with the USD weak and commodities catching a bid on the Goldman upgrade.    However, not too many ch...
Saturday, May 21, 2011

Resolution Coming

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As we’ve been writing in the last little while we are in a range-bound market.  This is to be expected:  we’ve lost commodities as leaders,...
Thursday, May 19, 2011

The trade we probably would have taken and a few thoughts LNKD

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We’re not sure how realistic it is to “imagine”  how we actually would have responded to the trade but we’re pretty consistent in how we tra...

Prepare Accordingly

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We think that the USD bottom is here to stay for a while and this is a game-changer for the market.  The commodities, and silver specificall...
Tuesday, May 17, 2011

The Last Stand

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We hit multiple support levels today in the market — and all that happened was that bleeding was stalled and we closed flat.    To put it cl...
Monday, May 16, 2011

A market in need of inspiration

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Our interest in trading this market has dropped off a cliff in the last week.  There’s no more silver tops nor Osama tops to short, nor fa...
Wednesday, May 11, 2011

Commodities, you're dead to us

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We’ve been commodity/tech based for what feels like years and for the first time in a while we had zero commodity alerts in the newsletter. ...
Tuesday, May 10, 2011

Rail MoMo

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Rails have already broken out or are setting up — sector is leading and looking hot.   Here are four that are on our radar: Fol...

When knife catching is not knife catching

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 We’ve tweaked this strategy as the years have passed and here is quick outline of the main points of sector support buying: 1. For the mos...
Monday, May 09, 2011

Easy bounce is done, now what?

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When we buy support in an oversold chart our first target is always the next level of resistance.   We’re there now in silver and many silve...

Week Ahead

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After last week’s excitement we plan to take it easy tomorrow as we didn’t find too many great spots to trade against for tomorrow.  If mark...
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