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Last Activity: Today 01:52 AM
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Posted in Uncategorized
I wish I could have posted this earlier, but I was focused on other things. It's just an update of how our Top 25% were positioned for this mornings trading. Here's the charts:
Attachment 454
Attachment 455
I just want to point out that we had a moderate shift in the cash to stock ratio (for this group anyway). Cash levels are now over 20%, which is approximately equal to the most cash held by this group since mid-August.
It's just...
Attachment 454
Attachment 455
I just want to point out that we had a moderate shift in the cash to stock ratio (for this group anyway). Cash levels are now over 20%, which is approximately equal to the most cash held by this group since mid-August.
It's just...
Posted in Uncategorized
Well, I said yesterday the Seven Sentinels were looking toppy, and today we got some selling pressure. It's still OPEX, and it's only one trading day, but if the market holds true to its recent form, we're probably in for some more downside action. The Seven Sentinels issued a sell signal today, so my front-running of a potential sell signal yesterday paid some dividends. But now I'm stuck on the sidelines till the 1st of December, and it's possible we reverse before then.
Still,...
Still,...
Posted in Uncategorized
Yes, we didn't fall off a cliff today. Yes, it was a bullish close of sorts. No, that doesn't mean we can't drop lower. Right now an argument can be made that the charts are beginning to roll over. Or we could be consolidating.
But this week is OPEX, which generally means more market manipulation than usual as the big players "set the table" for the following month of Options trading. For this reason, one should never read too much into the action during OPEX.
In any...
But this week is OPEX, which generally means more market manipulation than usual as the big players "set the table" for the following month of Options trading. For this reason, one should never read too much into the action during OPEX.
In any...
Posted in Uncategorized
Aside from dollar strength being a drag on the I fund, the indicies held their ground fairly well today given yesterday's broad-based rally. We could see more selling kick in at this point, which would be consistent with what this market has been doing in its slow grind upward to higher prices. I suppose some profit taking now could be justified, but we are still two weeks from December, which is a lot of time to be out of the market. After making a new high yesterday, the S&P may not be done on...
Posted in Uncategorized
Broad-based buying due in part to a weaker dollar pushed the major indices to new highs for 2009. In fact, the S&P 500 settled above the 1100 mark for the first time in more than one year. We jumped the creek today, so-to-speak.
I said the charts were iffy Friday, but that we were at a point in the charts that seemed to suggest a sell-off was coming. Markets do not generally sell-off when traders get leaning too far in one direction and today we saw evidence of that. The latest bloggerpoll...
I said the charts were iffy Friday, but that we were at a point in the charts that seemed to suggest a sell-off was coming. Markets do not generally sell-off when traders get leaning too far in one direction and today we saw evidence of that. The latest bloggerpoll...
Recent Comments
Quote:
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Originally Posted by airlift
CH,
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+1 on the great work...





