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Thread: coolhand's Account Talk

  1. #6949

    Default Re: coolhand's Account Talk

    This is the kind of BS that rattles things imo

    https://www.cnbc.com/2019/02/14/mark...es-bianco.html

    That and other media crap from Cramer.

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  3. #6950

    Default Re: coolhand's Account Talk

    Quote Originally Posted by BooDog View Post
    This is the kind of BS that rattles things imo
    Market's strong start to 2019 could prematurely push Fed to raise rates, James Bianco warns
    https://www.cnbc.com/2019/02/14/mark...es-bianco.html

    That and other media crap from Cramer.
    Added the title. The article was posted right about 0903. Right after that we went red.

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  5. #6951

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    Default Re: coolhand's Account Talk

    We went red due to Retail numbers.
    https://www.cnbc.com/2019/02/14/stock-market.html
    [COLOR=#0000ff][FONT=comic sans ms][I]"In the land of idiots, the moron is King."--Unknown[/I][/FONT][/COLOR]

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  7. #6952

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    Default Re: coolhand's Account Talk

    More correctly, we started falling due to the retail numbers. When it crossed into red is not really the issue.
    [COLOR=#0000ff][FONT=comic sans ms][I]"In the land of idiots, the moron is King."--Unknown[/I][/FONT][/COLOR]

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  9. #6953

    Default Re: coolhand's Account Talk

    Quote Originally Posted by userque View Post
    More correctly, we started falling due to the retail numbers. When it crossed into red is not really the issue.

    Just saw that. That's the difference of using finviz news vice cnbc. The retail news didn't hit finviz till 0914. Then again at 0930. Now to decide if I bail with a small loss or wait it out to see if support holds again or not. grrrrrrrrrrr

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  11. #6954

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    Default Re: coolhand's Account Talk

    The battle at the 200 dma continued on Thursday.

    S&P 500.png
    DWCPF.png

    Can the bulls push price over the top? My expectation is that they will; even if only temporarily.

    This evening, the options are neutral. NAAIM was relatively unchanged, which supports the bulls. TRINQ is bearish. Breadth is bullish.

    I think the battle will probably continue on Friday, but eventually I expect price to resolve higher before a possible reversal.

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  13. #6955

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    Default Re: coolhand's Account Talk

    I got the upside breakout I was looking for on Friday. Price has now closed about the 200 dma on both charts. I said that we might see a reversal soon after the break, but the operative word is "might".

    S&P 500.png
    DWCPF.png

    Looking at the charts, we see a largely continuous rally since shortly after Christmas, with modest dips along the way. Momentum is positive, but weakening (that's not necessarily bearish). RSI is about overbought, but that's not necessarily bearish either; only a potential warning. Breadth is quite bullish and that a huge plus in the bull's favor. NAAIM is bullish (smart money). The options are neutral. TSP Talk is neutral (we're bullish overall).

    I have no reason to expect any serious selling pressure given the current technical or sentiment picture. For now, I am remaining bullish.

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  15. #6956

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    Default Re: coolhand's Account Talk

    Upward bias continued today.

    DWCPF.png
    S&P 500.png

    The options are leaning a bit bearish this evening. Breadth remains quite bullish. I have no change to my current perspective, which is bullish.

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  17. #6957

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    Default Re: coolhand's Account Talk

    Choppy day. No change from yesterday's perspective.


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  19. #6958

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    Default Re: coolhand's Account Talk

    The market dished out moderate losses today, but it did nothing to alter its bullish disposition.

    S&P 500.png
    DWCPF.png

    We can see that price did not test the 200dma. It isn't far from it, so maybe we'll get a test soon.

    The options are neutral this evening. NAAIM came in a bit less bullish, but not nearly enough to take it out of its overall bullish stance. My intermediate term system remains positive. Breadth remains very positive.

    Really, the bulls continue to own the market right now. We're overbought and the charts and indicators are extended, but I would not bet against the bulls while NAAIM remains solidly bullish.

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  21. #6959

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    Default Re: coolhand's Account Talk

    So, price has now been above (and rising) the 200 dma on both charts for several days. That key average may now be support (should it get tested). But more importantly, we are seeing more evidence that this bull is still very much alive.

    S&P 500.png
    DWCPF.png

    The charts remain bullish, albeit extended. But that's not too much of problem given it was extended to the downside about 2 months ago. Still, RSI is overbought (for what that's worth).

    The options are neutral for Monday. NAAIM remains bullish. TSP Talk is decidedly bullish, which used to be bearish a long time ago so I don't key on it as much as I once did. NAAIM is my primary sentiment indicator these days.

    Breadth remains very bullish and still rising.

    So, my perspective remains bullish. In fact, I am not seeing any reason to fear a bear market like I did prior to this rally. We got a minor bear market late last year and the bulls stomped it after just a few months.

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  23. #6960

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    Default Re: coolhand's Account Talk

    It's ALIVE!

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S&P500 (C Fund) (delayed)
coolhand's Account Talk
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DWCPF (S Fund) (delayed)
coolhand's Account Talk
(Stockcharts.com Real-time)
EFA (I Fund) (delayed)
coolhand's Account Talk
(Stockcharts.com Real-time)
BND (F Fund) (delayed)
coolhand's Account Talk
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