HCPG Blog

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

Friday, August 05, 2011

Technicals meet fundaments, Again

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If you’ve been a reader of our blog you know that for months our argument was to stay long/buy dip as long as the “big kahuna” March 2009 tr...
Thursday, August 04, 2011

Now we Wait

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We wrote yesterday that “The bounce is no surprise — the big question is whether it’s sold or not as we re-visit the underside of the March...
Wednesday, August 03, 2011

Headfake?

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The weekly bar closes on Friday meaning bulls have 2 more days to close that bar over the trend-line on $ SPY .  This would make it a head-f...
Tuesday, August 02, 2011

It is what it is

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We’ve written for months about the big kahuna, the March 2009 trend-line, and how we would stay bullish until market proved otherwise with a...

Time to re-assess

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We have written for months that we would buy the dip until we broke the 2009 trend-line.   Well, today we broke the 2009 trend-line.  Our la...
Monday, August 01, 2011

Two bullish scenarios, one very bearish one

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We wrote this AM that the 2009 trend-line was at 127.5 on the $ SPY — look where we bounced, at 127.53 with $ SPY (currently at 128.1).   ...

Technical Symphony

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$ SPY is wedged right now between the descending 50SMA (where it reversed today) and ascending 200SMA (where the selling paused). As an ad...
Friday, July 29, 2011

I will punch you in the nose!

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The last time we tested the $ SPY trend-line (in June) we lifted off perfectly, ran to the top of range, but now have come  straight back d...
Wednesday, July 27, 2011

Please don't preach

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We give advice in our newsletters all the time and often write about what we’re thinking on our stream.   Our subscribers know our style and...

Not Scary Yet

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We wrote a few times about the trend-line/50SMA this morning as the first line of defense (and later as “line in sand”) this morning and lo ...
Monday, July 25, 2011

Goldman Sachs COO advice to young college graduates

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Passionate commencement address  from Gary Cohn , the Goldman Sachs ( $GS ) COO, filled with  great advice to the young graduates at America...
Monday, July 18, 2011

Pretty Spot Worked

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We wrote this afternoon  near the bottom: “This would be a pretty spot to bounce – if bulls want it, this is the place to defend ” And once ...

SPY talk

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We tested the top of the previous range  last week at 3AM in the futures  and we finally tested it in the regular session today.   If there ...

Trading Screen Configuration

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HCPG trader screens are more or less configured in a similar fashion — emphasis is on a layout which  gives us a quick idea of what is happe...
Saturday, July 16, 2011

Screen Configuration Bonanza

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There are lots of threads out there on traders sending in snapshots of their workstations — that’s fun to look at but what is more useful fo...
Friday, July 15, 2011

Like a Zombie that won't go down

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Like a zombie that won’t go down this market keeps getting hit with bullet after bullet and yet refuses to roll.    Many are looking for a r...
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