HCPG Blog

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

Monday, December 26, 2011

Stay Cynical

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After a few days off from the market we came back refreshed and energized and happy to see the Santa rally.   But then we looked through o...
Monday, December 19, 2011

Remember that 2009 trendline

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We wrote about the $SPY 2009 trend-line on this blog at least a dozen times earlier this year  — it was for us the only chart that counte...
Sunday, December 18, 2011

Bonds and the case against a market bottom

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A quick look at the March 2009 bottom versus our current position at the end of 2011.      Note how the inverse correlation between bonds a...
Wednesday, December 14, 2011

Metals trying to hold support

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Gold ( $GLD ), silver ( $SLV ), and our favorite junior miner ETF ( $GDXJ )  all are attempting to find footing (bouncing intraday before t...
Saturday, December 10, 2011

Houston: We have our base

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We’ve talked about the 200SMA wall for months — every time the $SPY got close to this major resistance in it did so from an exhausted V-t...
Thursday, December 08, 2011

200 SMA wall

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We posted this chart yesterday showing the few times we’ve been above the 200sma on the $SPY since the August sell-off.   To be exact we w...
Wednesday, November 30, 2011

Gap fill magnet?

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It’s not really our job to be bearish or bullish, our time-frame is too short. Our job is to go through charts the night before and come up...
Monday, November 21, 2011

Weave your way

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The only sense we’ve made out of this market is to go reversion to mean.    At the bottom of the range today we had many support longs tri...

Bear Trap?

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Usually if $SPY is trending down our support alerts don’t do well.  Today there has been an astounding divergence as our support alerts h...
Sunday, November 20, 2011

Slaughterhouse Won

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Last Friday as the market was heading back to the top of the range we wrote about how it was do or die time — we would either break-out of ...
Wednesday, November 16, 2011

Scum and Reversal

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  Three charts we’re watching closely for bullish confirmations are   $ GDXJ   $ MOS   $ GS .  What do they all have in common?  Possible br...

Not good enough risk/reward

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We sent this off to our subscribers (in the newsletter) after the close today: Usually we’d be in anticipation swing mode right now — that ...
Sunday, November 13, 2011

Bulls need to prove it this week

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This week should be pivotal — we’re right against resistance in many sectors and it’s up to the bulls to take the ball. $XLF through this...
Friday, November 11, 2011

Fat pig to slaughterhouse or breakout of range?

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We’re basing and filling in the handle — the more we test it the greater the chance of a break-out.   That being said everytime the bulls ...
Thursday, November 10, 2011

Support Long example GDXJ

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Excerpt from our newsletter tonight: We had on a few ideas yesterday for support long ( $OIH 120, $GLD 168, $SPY 120, $GDXJ 30.5-30.8 ...
Wednesday, November 02, 2011

New Normal in Currency Movements Charted

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Note how previous resistance of ATR (Average True Range) of Euro Futures ( $ 6E_F )  has now become support –  wild moves really are the “n...
Tuesday, November 01, 2011

EURUSD rip/death

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Picture says it all — click to enlargen  $ 6E_F Euro Futures
Sunday, October 30, 2011

This is how we trade reversals

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We’re all about looking for a tradable spot for reversion to mean trades, and then waiting for it to hit.    Sometimes it hits, sometimes ...

What started as boring night

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Yen intervention causing lots of fun and games in the overnight session — here are some levels we have on our radar: Let’s start with gol...

The most common pattern

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Looking through charts this weekend really brought home the new “correlation 1″ meme constantly written about these days in the finacial b...
Tuesday, October 25, 2011

Gold and Silver: Helloooo I'm Back!

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Silver ( $SI_F ) looking like it wants higher as it’s poking out of its range — has room to the 200SMA. Gold ( $GC_F ) reversed at 1705 r...
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