Page 535 of 535 FirstFirst ... 35435485525533534535
Results 6,409 to 6,411 of 6411

Thread: coolhand's Account Talk

  1. #6409

    Join Date
    Oct 2004
    Location
    Orlando, FL
    Posts
    5,442
    Blog Entries
    937

    Default Re: coolhand's Account Talk

    Monday turned out to be a good day for the bulls and that paints a more bullish picture heading into the holiday. Any retest of the lows would have been more likely to happen by now.

    S&P 500.png
    DWCPF.png

    The S&P 500 may not be doing much at the moment, but the DWCPF hit a fresh all-time closing high just 3 days after closing below its 50 dma. And it looks poised to add to those gains too as the index closed near its high of the day to boot. Momentum is turning up from a lengthy, but controlled downward trend and has room to run to the upside before getting overbought.

    The options are neutral for Tuesday. Breadth remains bullish. At this point, any pullback we get should be bought as we approach the beginning of the most seasonally positive time of year.

  2.  
  3. #6410

    Join Date
    Oct 2004
    Location
    Orlando, FL
    Posts
    5,442
    Blog Entries
    937

    Default Re: coolhand's Account Talk

    It sure hasn't taken long for the market to hit high fresh all-time highs after biasing sideways to down for more than a month. Tuesday's action was not unexpected given how the small cap space acted on Monday. The DWCPF did not look like it was ready for a reversal and now we can see that in fact it wasn't.

    S&P 500.png
    DWCPF.png

    Today's action shows price closing not far off its high of the day and remember, there is no resistance above.

    Breadth is also hitting fresh highs. The options are neutral. Momentum is rising again. It appears that the bull is back in charge once more (or maybe he was the whole time). At this point, even if we get some weakness, it's best to stay long as the upside could be much higher over the weeks ahead. We'll let the market be our guide on that point.

  4.  
  5. #6411

    Join Date
    Aug 2014
    Location
    Pennsylvania, USA
    Posts
    262

    Default Re: coolhand's Account Talk

    Here's to hoping when the end of December rolls around, we're still at all-time highs for the market! $$

  6.  
Page 535 of 535 FirstFirst ... 35435485525533534535

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  
S&P 500 (C Fund)
S&P 500 INDEX,RTH (^GSPC)
DWCPF (S Fund)
Dow Jones U.S. Completion Total Stock Market Index (^DWCPF)
EFA (I Fund)
iShares MSCI EAFE Index (EFA)
AGG (F Fund)
iShares Lehman Aggregate Bond (AGG)
Source: https://finance.google.com/finance