HCPG Blog

Our resistance short spot was taken out in the overnight session. Our $ SPY 123.5 short roughly corresponded to ES_F 1230-1233 zone which ...

Very bullish close for the market as it easily closed over 122 resistance on the $ SPY .   Next up is 123.5 which also coincides with 100SMA...

We’re realizing, through comments left on our previous post, that there are readers of our posts who do not know our time-frame.   We are ...

We can’t remember a time where levels worked so well –  anecdotally speaking — it seems to us that market just keeps getting more technica...

V type markets can be tough as they don’t let the “wrong side” traders out to breathe — when we went down the poor longs couldn’t get out ...

We always regret not calling ourselves “Base Trading Group — BTG” instead of HCPG.   Everything in our strategy circles around how we trad...

We're short-term traders and probably a good 50-60% of the people we follow in our stream also share the same time-frame.      It's...

We’re trading shy thanks to the amount of confusing information that we are seeing.  The most confusing of all is why the hell are we still...

he Euro-tarp rumor came out on Saturday and commodities were thrashed Sunday night before they bottomed.  We don’t think the rally has any...

The market has held the August lows admirably, while  commodities all broke down through August lows, and today hammered from incredible o...

It's hard to get an edge on this market as computers trade to each other from one rumor to another but there are a few positives we'...

The market rallying while silver and copper get raped makes no sense to us — we see it as Friday version of musical chairs. The bulls are ...

We’ve been writing about the divergence between the Russell and the Nasdaq for a while now but wanted to put out a few figures out there: ...

Too long to tweet – what a fantastic quote. “It is not the critic who counts; not the man who points out how the strong man stumbles, or ...

The divergence between tech/consumer discretionary and almost everything else has been a recent theme for a while. When tech started rally...

The constant evolution of a trader comes from the attempt to minimize the distance between what one should do (strategy) and what one actual...

This morning the market reversed at 121 $SPY resistance (and $ES_F 1200). Day is still young and we could base intraday and take out 121...

We’ve written before that this range-bound market seems to only know how to rip up or die down. There’s very little chilling in between....

Listening to the CEO of Societe Generale one can’t help but to feel re-assured that all will be well: And just when you’re lulled into c...

The blue rectangle represents the price range for $ SPY   between Friday August 05 (downgrade didn’t come until that evening but rumors we...

A fantastic squeeze into the close to end the day with a gorgeous green candle.      It’s hard not to get excited by such action, especial...

We bounced in August on the important 61.8% retracement, next support is at the 50% retracement which also happens to be major daily suppor...

In the conclusion of the newsletter this weekend we wrote, “We have been pretty active since this whole correction started but we are steppi...

We are bouncing from one gap fill to another. Yesterday we reversed off 120.8 resistance, and today we bounced (thus far anyway) on 117 su...

We rallied almost 7 points in the $ SPY in 3 days from support, hit resistance today, and reversed.   Nothing too surprising here — and als...

Some things never change in this business and panic/euphoria will always be one of them.    Click to enlarge $ SPY

We wrote this weekend to our subscribers that the first test of the bottom of the bear-flag, $ SPY 115 zone, would likely be bought.    The...

Here’s our road-map for what we imagine will be the next quarter: Let’s start out with the most basic line, A, which was as we called it th...

In the last two weeks we rallied over 10% off the lows straight into resistance ( see our posts earlier this week Don’t Get Complacent ,  R...

Resistance against the first touch of resistance in an extended move up is usually futile, especially if you have a short time-frame.   A b...

The leader of the bounce, the $ QQQ is now in difficult, uphill waters.  No chart illustrates this better than the weekly: We bounced on...

Brutal to watch as Usain Bolt gets disqualified from 100 M 2011 World Finals.  Contrary to what the sport announcers are saying though we h...

As crazy as this market seems it’s actually acting technically perfect IF you are trading it range-bound.   We came into yesterday telling ...

The theme of the day was the reversal of the 20SMA on daily .    Let’s take a look: Crude ( $ CL_F ) reversed on the 20SMA $ ES_F and $ S...