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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. Rally Coming? - Posted by Coolhand

    Quote Originally Posted by coolhand View Post
    The market remains caught in a back and forth struggle between the bulls and bears for control of market direction. While price has largely been tracking sideways in a range since early June, it is currently dancing around at the upper end of that range (getting ready for a upward push?).

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

    The good news for today is that the bulls closed the market well off the lows of the day. And there is no technical
    ...
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  2. Market Snaps Back - Posted by Coolhand

    Quote Originally Posted by coolhand View Post
    The bears could not keep it going after yesterday's moderate sell-off as the bulls got back about half of Tuesday's losses.

    Attachment 46624
    Attachment 46622

    There isn't much to say about the charts. Price continues to meander up and down, though it does seem to be biased higher at a very slow rate. Resistance is not far above. The 50 dma continues to rise and is about even with the 200 dma on the S&P.

    Breadth ticked
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  3. Stocks Take a Break - Posted by Coolhand

    Quote Originally Posted by coolhand View Post
    As I said yesterday, the market was due for a pullback. Obviously, we got a pullback today.

    mlk_man's account talk-s-p-500-png
    mlk_man's account talk-dwcpf-png

    Price didn't fall a lot, but weakness may not be over yet either. Volume is still on the low side. The 50 dma is now in the process of having a positive cross through the 200 dma. I am not anticipating that this by itself will drive a rally, but we should note that it is happening as it is bullish.
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  4. Bull's Making Progress, but Resistance is Overhead - Posted by Coolhand

    Quote Originally Posted by coolhand View Post
    The bulls kept the rally going today, posting solid gains by the close.

    The Dollar-s-p-500-png
    The Dollar-dwcpf-png

    Price on both charts continues to put the 200 dma further in the rear view mirror, but potential resistance looms not far above. The goods news is that price has broken above the medium term range, so now its the previous peak made in June that needs to be tested and hopefully broken to the upside. Volume remains on the light side,
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  5. Back to the Top of the Short Term Range - Posted by Coolhand

    Quote Originally Posted by coolhand View Post
    The bulls had a good week as we head into the long holiday weekend.

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

    Price is back to the top of the trading range on the S&P, while a bit under it on the DWCPF. Volume was underwhelming.

    Market Talk-nyad-png

    Breadth ticked higher and remains bullish.

    As I pointed out in my previous post today, NAAIM got less bullish, but not by a lot. Overall, they
    ...

    Updated 07-02-2020 at 06:24 PM by coolhand

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