Thread: coolhand's Account Talk

Well said Amoeba! Perhaps now the kiddies will play nice and we can get back to the market...

Originally Posted by ravensfan

Well said Amoeba! Perhaps now the kiddies will play nice and we can get back to the market...

Since ...

Originally Posted by nnuut

Enough!

Means continue ...

I don't think name calling will help the situation.

It's your money, folks. People need to get a reasonable idea of how this game is being played if you want to have a decent chance of avoiding maximum pain. I am not going to spoon feed this. You need to do this on your own. This is a good source to learn some measure of how things work at the top of the food chain. There are others. Seek the truth and keep an open mind. If interested in what I'm talking about, you can read more about it here... https://www.sgtreport.com/

Okay, here's the technical picture. The market has turned ugly (obviously). From a technical perspective, I did not expect this much selling. That's why you've seen me post some links to help you frame the real underlying angst of the market. If you think the insiders and big money simply use charts to navigate these waters, you'd be wrong. They know how things work and they know when risk is rising and falling. Charts can tell us a lot most of the time, but they get tricky when things are different. Global CBs are under pressure as never before and so we are almost certainly going to see a battle of perhaps epic proportion for control of the global economy to include the monetary system. I am just trying to help you develop a basic foundation of what could play out over the coming weeks and months ahead. These things cannot be timed very easily, if at all. In environments like this, you might consider keeping some degree of powder dry depending on your risk tolerance.

S&P 500.png
DWCPF.png

Price on the S&P 500 broke support and appears headed for a test of the 200 dma. I would not assume it will hold if it gets there; although it may. A break of support could also happen before a turn back up. That is what I would expect in a bull market, which is where we still are. But, while it is still a bull market, a lot of damage could be done before a bear market is declared if things continue to bias to the South. So betting on a bullish outcome does carry risk. Now, I am not suggesting we are heading into a bear market. I am just trying to frame risk. And the risk appears to be rising.

Let's look at some other risk measures currently in play. NAAIM is still bullish overall, though some modest shorts are in evidence. The options are neutral to bearish for Friday. My intermediate term system has flipped negative. Breadth is negative and falling hard.

So, I am looking for more selling for a possible retest of the lows. NAAIM would seem to suggest that the market is not ready to fall apart. Perhaps not for weeks or months yet. Again, you can't time the risk element that's in play.

I have raised cash myself in order to not have a ton of stock exposure right now. If you have cash on the sidelines, you may want to consider redeploying some if we test the lows, but volatility could make that very difficult. Especially for TSP.

If any of you walk in Christ or want to get closer to him, I have a special link I'd like to send you that deals with prophecy and ties a lot of things together. It's a positive message from someone who lives not far from me. If you are just curious, I invite you to learn about this message and explore who this individual is. He is actively engaged in giving people spiritual support on a daily basis.

PM me if you want this link. I will respond to all requests later this evening (I have a day job).

CH,

With the US giving up it's World Leadership and China making it's play do you think the US dollar will lose it's dominance to the Chinese Yuan (renminbi)?

Certainly a risk, I think one reason for tariffs; we're re-establishing US world leadership after 8 years adrift.

https://www.goodreads.com/book/show/...-currency-wars

As James Rickards argues in Currency Wars, this is more than just a concern for economists and investors. The United States is facing serious threats to its national security, from clandestine gold purchases by China to the hidden agendas of sovereign wealth funds. Greater than any single threat is the very real danger of the collapse of the dollar itself.

Baffling to many observers is the rank failure of economists to foresee or prevent the economic catastrophes of recent years. Not only have their theories failed to prevent calamity, they are making the currency wars worse. The U. S. Federal Reserve has engaged in the greatest gamble in the history of finance, a sustained effort to stimulate the economy by printing money on a trillion-dollar scale. Its solutions present hidden new dangers while resolving none of the current dilemmas.

While the outcome of the new currency war is not yet certain, some version of the worst-case scenario is almost inevitable if U.S. and world economic leaders fail to learn from the mistakes of their predecessors. Rickards untangles the web of failed paradigms, wishful thinking, and arrogance driving current public policy and points the way toward a more informed and effective course of action.

Originally Posted by nasa1974

CH,

With the US giving up it's World Leadership and China making it's play do you think the US dollar will lose it's dominance to the Chinese Yuan (renminbi)?

I don't think I'd frame the way you did. But in any event, I don't want to speculate on something like this. Check out the X-22 financial report (daily). They do a pretty good job of connecting dots.

Anyone looking for an online news alternative to cable TV? Check this out.

https://get.crtv.com/rant/?utm_sourc...SAAEgLs-PD_BwE

Originally Posted by coolhand

Anyone looking for an online news alternative to cable TV? Check this out.

https://get.crtv.com/rant/?utm_sourc...SAAEgLs-PD_BwE

I already have CRTV, one of the first week subcribers!!