Thread: coolhand's Account Talk

Originally Posted by ssdave

They haven't moved out; the top 150 has changed with the new year as C and S are doing better than I.

I believe the correct grammar is "C and S are doing better than me."

OK, I'm bored.

Originally Posted by tsptalk

I believe the correct grammar is "C and S are doing better than me."

OK, I'm bored.

I earlier learned that phrases like this are (for example) short for, "C and S are doing better than I {am doing}."

But I later learned that both ways are 'acceptable.'

"Than I" Versus "Than Me" | Grammar Girl

Time for a drink? C and S arr doking butter dan I...Funds dat is.

Originally Posted by blueroadster

Time for a drink? C and S arr doking butter dan I...Funds dat is.

LOL thanks... Just got it.

Sent from my Nexus 6 using Tapatalk

The market is starting out 2018 a lot like 2017. The sell signals I got 2 days ago were useless as breadth continues to push to fresh all-time highs. Today's rally had me take another position in TNA as this thing is starting to look like a train just getting started. Of course, I could be wrong, but bearish leanings are generally not rewarded in this market. I've been using TNA vice SPXL since small caps "should" outperform in a recovering economy. So far, they have not matched the S&P 500, though they are doing okay overall.

S&P 500.png
DWCPF.png

NAAIM came in less bullish, but bullish nonetheless. The options look on the neutral side; though the CBOE is a bit bearish (that hasn't meant much). The new highs hit on the indexes suggest another up leg is in progress. The EFA is also soaring. Best to stay long for now.

It’s hard to fight the bullish trend especially when people like David Tepper is saying the market is cheap “David Tepper says market is as 'cheap’ as a year ago, bullish on Trump’s tax cuts”

Let’s hope for a prosperous and uneventful 2018!

I have it from one of the premium services I subscribe to that the famous Don Wolanchuk believes that we are in the "epicenter of primary wave 3" and that we are witnessing a "once in a lifetime" rally.

That's easy to believe if you truly understand my previous post.

It doesn't seem like much is going to weaken this bull market. My guess is that we have months of upward movement to go (I don't want to speculate any further out than that). If we are indeed going to see a rally of a lifetime, it's probably best to (dare I say it) buy and hold; at least for the time being.

S&P 500.png
DWCPF.png

The S&P (and EFA) are making an upside run. I wonder when the DWCPF finally plays catch-up?

The options are leaning bullish for Monday. NAAIM is bullish. Breadth is bullish. The trend is up. I am long TNA. I'm currently in the G fund in TSP, but will redeploy to the stock funds before the end of the week. I plan to spread my allocation out across all 3 TSP stock funds.

Not much has changed. Monday was more of the same for the bulls. The options are neutral to modestly bullish for Tuesday. Breadth is running to the upside. I see traders looking for a top, but it's foolish to call tops in a market that is largely heading in one direction. Besides, the economy is under new management. Who says the rules are the same? I don't know the answer to that, but it's worth pondering.

For those of you who might remember, it was December 5, 1996 when then Fed Chair Alan Greenspan described the 90's bull market in terms of "Irrational exuberance" in a speech about the dot-com bubble.

And when did the market peak? About March of 2000, more than 3 years later.

Just sayin'.

Futures are suggesting we have a bit of a pullback on tap this morning, but my indicators remain bullish overall. The options are neutral. Breadth dipped on Tuesday, but remains bullish.

We got some weakness today, and the indicators are starting to slide a bit, but no technical issues have developed on what certainly appears to be a needed pullback.

S&P 500.png
DWCPF.png

Looking at tomorrow, TRIN closed at a very low level, which may mean more weakness for Thursday. The options show both the OEX and CBOE leaning bearish, which is technically neutral, but may be bearish given TRIN. Breadth closed lower for the 2nd day in a row, but is nowhere near a negative condition. NAAIM reports tomorrow.

My read is that we see lingering selling pressure on Thursday that doesn't really amount to anything serious. In fact, we could be weak early on and close on the stronger side later in the trading session.