HCPG Blog

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

Saturday, June 11, 2011

Oh the suspense -- the XME test

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Note the test and success first of the 50SMA in Jan 2011, then the test and success of the 100SMA in March 2011, and now the test of the 200...

Our plan for next week

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We took a mid-sized position near the close prices on QQQ IWM SPY but with the understanding (and lots of room in buying power) that market ...
Friday, June 10, 2011

The only chart that counts

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This is the big kahuna — ideally we’d like a slight overshoot of the very watched 200SMA into the loving hands of the trend-line from March ...
Thursday, June 09, 2011

Respect the Lights

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Modern civilization demands abstraction, and money is the ultimate signifier.    Most of our interactions are removed from reality.     This...
Wednesday, June 08, 2011

Our tells and Mixed Market

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We’re done nothing more than scalping today, looking for dimes here and there as the action is too mixed for us to bet in any one direction....
Saturday, June 04, 2011

A special "Never Give Up" Motivational Poster for Finance Types

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Motivational Poster of a come-back kid for finance types: Incredible power of healing with Time (note– only when combined with sick innovat...

Looking for a short-term trade bounce on the SPY using the Bollinger Bands as a guide

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Many traders look for complex algorithms to tell them when the market is ready to bounce but in reality, all you need is a Bollinger Band.  ...
Thursday, June 02, 2011

Why all traders should watch copper

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How many times have we heard about Dr. Copper as a great “tell” for the economy?   It’s on the radar for most longer-term traders but it sho...
Wednesday, June 01, 2011

Market Damage SPY

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We took out 3 major moving averages today, 20SMA, 50SMA, and  tagging the 100 SMA which  finally stalled the bleeding.    From a technical p...
Tuesday, May 31, 2011

Daytrader Toolbox: when to short the gap up

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We had a lot of spots in our newsletter last night that we liked if they could have waited a few days.  We had nothing that was ready.   A n...
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...
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