Coolhand's Market Analysis

In my last post in my account talk thread, I said that the options smart money was pretty bearish and NAAIM got more bullish. That told me we were likely to see short-term weakness, but more than likely it would not last given NAAIM's bullish disposition (along with the technical indicators in general). We got the weakness Friday, but with the exception of small caps, the bears didn't get as much traction as they might have liked.



Price ...

Last week, I said I was expecting the market to bias higher. The up and down nature of trading didn't change, but by week's end the market was higher. All three TSP stock funds were up as the S fund more than doubled the C fund, which came in 2nd place with a gain of 0.87% to the S fund's impressive 2.07%. The I fund just did keep its head above water with a 0.11% gain.



The S&P 500 started the week under its 50 dma, tested it on Thursday, ...

Yes, I am still expecting an upside breakout on the major averages sooner or later, but geopolitical tensions can sure challenge a bulls resolve. There was a lot of intrigue surrounding the air strike of a Syrian airbase late last week. The fact that it occurred almost parallel to the wining and dining of the Chinese President and his Generals (who were not given advance notice of the event) by President Trump at his Mar-a-Lago estate was almost surreal. Futures dove in the early hours on the news, ...

Since testing and bouncing off an important line of support the previous week, the S&P 500 is fast approaching a declining line of resistance.



We can see that price pulled back a bit on Friday, just shy of testing that line of resistance. Since peaking at the beginning of March, price has stair-stepped lower as we enter April. Overall though, price is not all that far from its peak and the longer term remains bullish as price remains above ...