HCPG Blog

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

Thursday, February 09, 2012

All about this chart

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We are basing at the very important 135 $SPY area while trending higher on the 20ema on the 60 min chart.  However note that we have test...
Tuesday, February 07, 2012

Sticky Level

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The bulls couldn’t ask for better price-action thus far as the market is refusing to pull-back and instead is constantly digesting thru tim...
Monday, January 30, 2012

Map going forward

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Slight sell-off today making today’s candle completely below the Standard Deviation 1 on the Bollinger Band, first time since Jan 03.    H...
Friday, January 27, 2012

The re-test market

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This last month has been one of the best markets for break-out traders we’ve seen in a long time.   Everything works:  not only the first ...
Wednesday, January 18, 2012

The chosen ones

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Our readers know that we like to find big spots on our favorite stocks and then focus on them until they break-out.   The longer they’re o...
Sunday, January 15, 2012

It's not the charts, it's what mood the market is in

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Almost every break-out we had in our newsletter last week worked, from copper stocks, fertilizer, biotech, oil, tech, no wonder what secto...
Wednesday, January 11, 2012

Don't get frustrated by the gaps

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Our readers know that if a stock gaps above our alert we either a) let it go b) wait for an intraday set-up to form  or preferably c) wait ...
Friday, January 06, 2012

Place your bet

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We’ve posted these charts on the stream in the last 2 days but wanted to bring them in together to show what is at stake: We’ve spent all ...
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...
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