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Thread: coolhand's Account Talk

  1. #6169

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    Default Re: coolhand's Account Talk

    Up, down, up, down. Should be easy making money in this market when the direction seems to alternate each day or two.

    S&P 500.png

    Price on the S&P 500 hit another high on Tuesday, but fell back to close with a very modest loss near that pesky resistance line.

    DWCPF.png

    Price recovered nicely on the DWCPF, but no higher high.

    EFA.png

    The EFA rallied smartly and posted yet another high.

    Nothing has changed in my outlook. I hate when I can't change up the narrative from time to time, but the market isn't giving me all that much to talk about. Boring, isn't it? Never short a dull market. I remain long the S fund.

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  3. #6170

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    Default Re: coolhand's Account Talk

    I feel like I've been ambushed after Wednesday's rout. It seems to be politically motivated (manipulated).

    SPX.jpg

    We now have some significant technical damage on the S&P 500 after just 1 day as price plunged on volume to close well under its 50 dma. But we've seen this before. Mid-March saw a similar drop, though not on a gap.

    DWCPF.jpg

    Similar story for DWCPF.

    My intermediate term system is still positive, but it took a hit. Breadth flipped negative today and liquidity dove, but is still in expansion. There are no shortage of gloom and doomers out there, but I'm not ready to join them. I am willing to move from my bullish stance to a neutral sentiment though. But I'm still 100% S fund. The next day or two may be more telling. NAAIM reports tomorrow. Let's see how sentiment stacks up after this market slam.

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  5. #6171

    Default Re: coolhand's Account Talk

    Would you call this a news related event? If so it may reverse fairly quickly,

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  7. #6172

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    Default Re: coolhand's Account Talk

    Quote Originally Posted by Scout333 View Post
    Would you call this a news related event? If so it may reverse fairly quickly,
    It could easily reverse in the near future, which is why I will not make any changes to my current stance. It's too soon to get excited.

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  9. #6173

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    Default Re: coolhand's Account Talk

    so tempted to increase my exposure..

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  11. #6174

    Default Re: coolhand's Account Talk

    Quote Originally Posted by kb9nvh View Post
    so tempted to increase my exposure..
    After yesterday and with futures down today, I would buy in. already all in with 100% I fund. I'm tempted to move some back to the C & S funds.


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  13. #6175

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    Default Re: coolhand's Account Talk

    I'm taking a break from my usual post today, but take a look at the analysis in this link. I've been a subscriber to Mark's premium stuff for at least 5 years now. He leans more toward day-trading analysis, but a lot can be gleaned for folks looking for an edge a bit longer term (a week or two anyway).

    Wall Street Sentiment-- The End of the World As We Know It? - Market Analysis Area - Traders-Talk.com

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  15. #6176

    Default Re: coolhand's Account Talk

    Great info CH. Thanks.
    Quote Originally Posted by coolhand View Post
    I'm taking a break from my usual post today, but take a look at the analysis in this link. I've been a subscriber to Mark's premium stuff for at least 5 years now. He leans more toward day-trading analysis, but a lot can be gleaned for folks looking for an edge a bit longer term (a week or two anyway).

    Wall Street Sentiment-- The End of the World As We Know It? - Market Analysis Area - Traders-Talk.com

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  17. #6177

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    Default Re: coolhand's Account Talk

    Coolhand,

    I'm still new around here and understand a few things, but I was trying to figure out your closer. 100% C - 10/3? What is the 10/3?

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  19. #6178

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    Default Re: coolhand's Account Talk

    Quote Originally Posted by mikekellyonline View Post
    Coolhand,

    I'm still new around here and understand a few things, but I was trying to figure out your closer. 100% C - 10/3? What is the 10/3?
    Hello Mike. The 10/3 is almost certainly a date, but I don't what "closer" you are looking at. I don't know what that means and I can't find what you are looking at. Currently, I am 100% S fund, but I noticed my autotracker says 30% C and 70% S. Close, but not perfectly accurate. I try, but I'm pretty busy and travel, so sometimes I get distracted. I'm not exactly a spring chicken either.

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  21. #6179

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    Default Re: coolhand's Account Talk

    Thanks for the clarification. Like I said, I'm still learning my way around this site.

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  23. #6180

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    Default Re: coolhand's Account Talk

    The retrace continued on Monday as the major averages erased even more of its recent losses.

    S&P 500.png

    The S&P 500 is now just one moderate "up" day away from challenging its previous high set last week.

    DWCPF.png

    The DWCPF pushed past and closed above its 50 dma. Upside momentum is only now starting to turn up. This move may have legs. At least I'm hoping it does. But my indicators do suggest as much and that smart money at NAAIM is darn long too.

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S&P500 (C Fund) (delayed)
coolhand's Account Talk
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DWCPF (S Fund) (delayed)
coolhand's Account Talk
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EFA (I Fund) (delayed)
coolhand's Account Talk
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BND (F Fund) (delayed)
coolhand's Account Talk
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