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Thread: coolhand's Account Talk

  1. #7057

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    Default Re: coolhand's Account Talk

    The battle continued today with price giving up some ground, but no serious technical damage has been done to this point.

    S&P 500.png
    DWCPF.png

    Price tested the 50 dma on the S&P, but it held (support). The DWCPF remains under its 50 dma, but well above its 200 dma.

    The OEX remains bearish. The CBOE has gone neutral.

    So far, we may simply have a bull flag being formed. Considering how quickly the market took back losses during the previous rally, a short-term pullback is certainly within reason. NAAIM reports in the morning.

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  3. #7058

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    Default Re: coolhand's Account Talk

    Another battle at the 50 dma today.

    S&P 500.png
    DWCPF.png

    Price remains above the 50 dma on the S&P and below it on the DWCPF. The bulls managed to keep it positive at the close.

    The OEX remains bearish once again, while the CBOE flipped bullish. NAAIM saw a decent increase in bulls and drop in bears. They aren't quite a bullish as they once were, but they do seem to be saying that risk is more in the bull's favor, which is where I have largely seen the market over the past few days.

    I suspect that sooner or later price will pop higher. I remain bullish.

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  5. #7059

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    Default Re: coolhand's Account Talk

    For the week last week, the bulls managed to push price a bit higher (C and S funds), but the bears have not rolled over.

    S&P 500.png
    DWCPF.png

    We can see that the battle is still being waged in the area of the 50 dma on both charts, but the bulls have successfully kept price above that key average for a week now. Unfortunately, the DWCPF has remained under that average.

    My intermediate term system is showing signs of weakness in some areas, but remains positive. Cumulative breadth continues to look pretty good despite the battle that has been playing out. The A-D Line also looks good.

    Sentiment shows that the OEX remains bearish, while the CBOE is neutral. TSP Talk saw a drop in the number of bulls and is neutral. NAAIM got a bit more bullish and the bears in that survey reduced their exposure to the downside. It's not a consistent picture, but I defer to NAAIM, which means sentiment is leaning bullish.

    Looking at the my indicators, the bears are probably not going to have an easy time of it. In fact, they are likely to lose the intermediate term battle. Having said that, precious metal and crypto are trying to break out and that could have implications (I think negative) for the stock market should they continue to move higher. But that's another battleground between the same 2 opposing forces. Things are getting more interesting every week. I remain bullish for now.

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  7. #7060

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    Default Re: coolhand's Account Talk

    Not a whole lot changed as we started the new week.

    S&P 500.png
    DWCPF.png

    Price on the DWCPF did manage to test the 50 dma. Resistance held, but the index did hold on to a good portion of its gains.

    This evening, the OEX is quite bearish, while the CBOE is neutral. My other indicators are much as they were in the previous post.

    The OEX suggests some selling on Tuesday, but I don't know that we can expect a lot of downside out of it with breadth continuing to look bullish.

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  9. #7061

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    Default Re: coolhand's Account Talk

    Today's upside breakout (so far) is what I have been expecting for a number of days now. Yes, it could be a fake out prior to the Fed announcement, but the indicators have been pointing to a continuation of the current uptrend.

    DWCPF.png

    The DWCPF really popped this morning. The S&P is also breaking out. It is interesting that the OEX (smart money) was bearish today. Now, we'll have to see what happens in the afternoon session, but NAAIM backed off their bearish positions last week and increased their bullish ones. I trust them a lot more than following the OEX.

    Gold is trying to break out as well, but the CB is once again papering over the physical market and trying to prevent a rise in gold prices. This is a huge battleground right now. Gold is the future and spells doom for the CB if it breaks out.

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  11. #7062

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    Default Re: coolhand's Account Talk

    The market popped at the open today and while price closed well off its highs of the day, it closed with significant gains nonetheless.

    S&P 500.png
    DWCPF.png

    The DWCPF has now joined the S&P with price closing above the 50 dma. There are no shortage of reasons for the rally, to include the obvious fed announcement (I am hearing they are leaning toward a rate cut) and continued talks between the U.S. and China (trade). Sell the news? Maybe, but even it does sell-off it probably won't last and the market will turn back up. I'm not bearish in any event.

    The options are largely neutral this evening. Breadth rallied from an already bullish stance.

    I think new highs are just a matter of time, short term gyrations notwithstanding.

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  13. #7063

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    Default Re: coolhand's Account Talk

    I said yesterday that any selling post-Fed would likely not amount to much and it didn't. Tomorrow is another day, however. Let's see how it shapes up.

    S&P 500.png
    DWCPF.png

    Both charts look bullish. I still believe the May highs will be tested.

    This evening, the OEX has moved to a neutral stance. The CBOE is leaning bearish. Breadth and the A/D Line both remain bullish as does my intermediate term system. Notably, Gold is at or near a 3 year high. If it continues to gain, things could get interesting (over time).

    Gold movement aside, the indicators continue to point to higher prices. NAAIM reports in the morning.

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  15. #7064

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    Default Re: coolhand's Account Talk

    The rally continued today, which is what the indicators suggested.

    S&P 500.png
    DWCPF.png

    We can see that price on the S&P 500 is at a fresh high. The index covered a lot of ground in less than 3 weeks. The DWCPF still has some work to do, but it isn't all that far from testing its highs.

    Cumulative breadth continues to look bullish. The A/D Line is also quite bullish. This is a market on a mission from this perspective.

    Is gold telling us something? It's now at 5 year highs. Silver is in rally mode too, but it's gold that's getting the attention.

    This evening, the options are neutral. However, NAAIM didn't change much at all. They are not bearish, but they are not as bullish as I would have expected under the circumstances. There appears to be some degree of trepidation from this smart money. This tells me not to get too complacent even as I remain bullish. The market is due a pullback too. But I don't think that any pullback will kill the rally. This market is too strong at this point for the bears to get anything serious going.

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  17. #7065

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    Default Re: coolhand's Account Talk

    I don't post about it much, but those of you who have been following me for some time might remember that I said there is a battle between 2 powerful forces for control of the financial system (and a whole lot more). From the secular perspective, it is a war between the alliance (multi-national Christian leaders and warriors) and the global cabal (in all of its forms). Biblically, this a war between our Lord Jesus Christ and Satan and his fallen angels. The financial system that we have all grown up in is the old Babylonian system, which has been around for thousands of years. That system is designed to enslave us (as well as whole countries). It is now under extreme attack. Watch crypto and gold. Both are breaking out. The bonds of our financial enslavement are being broken. The darkness is slowly being lifted from the people of the world. Be prepared for a lot of truth to be released in the months and years ahead. If you don't understand what is happening now, you will eventually.

    We are witnessing biblical history. Be prepared. Get to know our King! I highly recommend walking through the bible with Dr. Chuck Missler. There are others, but I chose him as my primary teacher. He is one of the foremost authorities on bible scripture. You will be shocked at what the bible has to say about the days we are now living in. It is a fascinating journey, but also one that has serious consequences if not taken seriously.

    On the secular side, in the past I have recommended reading "The Creature From Jekyll Island", which is an in-depth look at our Federal Banking system. It will walk you through thousands of years of monetary history to the present. It will dovetail the biblical record.


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  19. #7066

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    Default Re: coolhand's Account Talk

    Hmm... as a Christian that believes we're in the lastdays, I don't see crypto or gold as leading us out of darkness but rather into it, by putting us under a single monitary system leading to the antichrist...

    Sent from my Pixel 2 XL using TSP Talk Forums mobile app
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  21. #7067

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    Default Re: coolhand's Account Talk

    Quote Originally Posted by tom4jean View Post
    Hmm... as a Christian that believes we're in the lastdays, I don't see crypto or gold as leading us out of darkness but rather into it, by putting us under a single monitary system leading to the antichrist...

    Sent from my Pixel 2 XL using TSP Talk Forums mobile app
    There are those that see it that way. I talk to folks who do believe that. I don't know exactly how it all plays out, but there are Christians who also see it from my perspective. Mark Taylor, who some say is modern day prophet and who has a lot of high level Christian leader support has stated that the monetary system will be taken back. In any event, a case can be made both ways. However, God will use Satan's tools against him. I see it as a back and forth battle for our souls with God ultimately winning.

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  23. #7068

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    Default Re: coolhand's Account Talk

    One World Monitory System = One World Government. Then we will all eat Soylent Green!
    10/15/2019
    CRUDE Oil =
    $52.81 -$.78

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SPY (C Fund) (delayed)
coolhand's Account Talk
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DWCPF (S Fund) (delayed)
coolhand's Account Talk
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EFA (I Fund) (delayed)
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