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Coolhand's Market Analysis

A weekly snapshot of current TSP allocations for both the Top 50 and the Total Tracker. I also try to accompany the allocation charts with some measure of technical analysis, normally using the S&P 500.

  1. Another Shoot Out - Posted by Coolhand

    Quote Originally Posted by coolhand View Post
    We got another shoot out today, with the bears once again striking early, but the bulls countering later in the trading session to send price back near the neutral line (mixed).

    Market Talk-s-p-500-png
    Market Talk-dwcpf-png

    The market is in a range around the June high. Momentum is flat.

    Market Talk-nyad-png

    Breadth dipped again and you can see that this chart is ragged, but biased higher (and bullish).
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  2. Bears Strike First, but Bulls Counter - Posted by Coolhand

    Quote Originally Posted by coolhand View Post
    The bears jumped on the market at the open, gapping price lower after the opening bell. But they couldn't press the downside as the bulls were able to begin recovering the market after about an hour of trading.

    namor's Vegas Boxer Account Talk-s-p-500-png
    namor's Vegas Boxer Account Talk-dwcpf-png

    And while the bulls weren't able to get the indexes into the green, they didn't close it all that far below the neutral line either (resilience).

    Breadth dipped, but remains bullish.
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  3. Fresh Highs on Tap? Posted by Coolhand

    Quote Originally Posted by coolhand View Post
    The bulls posted some pretty good gains today. In fact, the DWCPF was up over 2%.

    namor's Vegas Boxer account-s-p-500-png
    namor's Vegas Boxer account-dwcpf-png

    That index (DWCPF) saw price close just above its previous closing high by just a hair. The S&P is not far from its own high. But momentum is largely flat and that's why price seems to be moving in a sideways fashion.

    namor's Vegas Boxer account-nyad-png

    Breadth posted a fresh high and remains bullish.
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  4. Sideways Again - Posted by Coolhand

    Quote Originally Posted by coolhand View Post
    The way things are going, a fresh all-time high on the S&P may take till Christmas. Yes, we are biasing higher, but it's like watching the grass grow.

    Market Talk-s-p-500-png
    Market Talk-dwcpf-png

    Price continues to test support at the June peak.

    Breadth dipped, but remains bullish and we know that the smart money is bullish.

    I'd like to see the bulls take more control, but the indicators still point higher.
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  5. June High in Focus Again - Posted by Coolhand

    Quote Originally Posted by coolhand View Post
    The bulls began the new week by erasing some of the losses from late last week.

    Comments Updated-s-p-500-png
    Comments Updated-dwcpf-png

    So, price is trying to retake the June high again. Aside from the sometimes up/down nature of the market, the indicators continue to point to an overall bias to the upside. Breadth ticked higher today and remains bullish.

    I remain bullish.
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SPY (C Fund) (delayed)

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DWCPF (S Fund) (delayed)

(Stockcharts.com Real-time)
EFA (I Fund) (delayed)

(Stockcharts.com Real-time)
BND (F Fund) (delayed)

(Stockcharts.com Real-time)

Yahoo Finance Realtime TSP Fund Tracking Index Quotes