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Thread: coolhand's Account Talk

  1. #7153

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    Default Re: coolhand's Account Talk

    The bears pinned another hurt on the bulls to start the new week. We now have to entertain the possibility that a retest of the lows may occur.

    DWCPF.png
    S&P 500.png

    The S&P is holding up better than the DWCPF, but both sold down. Once again, we need to watch the 200 dma for support should the bears have the ability to press their short term advantage.

    I note that while my intermediate term system remains negative, TRIN and TRINQ both point to a bounce for Tuesday, but how much of one we can expect I don't know. Breadth remains negative.

    The OEX is neutral and the CBOE is bearish. If I don't use the CBOE as a contrarian indicator than it's bearish at face value. They have tended to be right often enough to not bet against them too often.

    So I have mixed indicators heading into Tuesday. I see a bounce as a real possibility, but it may not hold. Or, we sell down early and bounce later in the session.

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  3. #7154

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    Default Re: coolhand's Account Talk

    We got the bounce and it was a good one.

    DWCPF.png
    S&P 500.png

    I thought we might see some attempt to counter any rally and price did peak around 1030, fell modestly lower and then went largely sideways into the close. Notice that price was reject at the 50 dma on the S&P 500. We'll have to see if the bulls have anything left in the short term for another retest.

    Looking at the indicators, breadth is now neutral, which is an improvement over yesterday when it was negative.

    The OEX is neutral again and the CBOE is bearish again. My indicators are not leaning in either direction right now, so things could get choppy for a bit. I am neutral for Wednesday and sill think the bulls might close the week in the green.

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  5. #7155

    Default Re: coolhand's Account Talk

    Thanks Coolhand I really appreciate your narratives and insights!


    Sent from my iPhone using Tapatalk


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  7. #7156

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    Default Re: coolhand's Account Talk

    This video is an excellent presentation of the financial markets. Pay particular attention to what Jim Sinclair says in the latter half of the video when he points out his family crest. Research him. He's someone you want to pay attention to. He has a website https://www.jsmineset.com/about/.

    https://www.youtube.com/watch?v=VMCu...ature=youtu.be

    These 13 Families Rule the World: The Shadow Forces Behind the NWO | Humans Are Free

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  9. #7157

    Default Re: coolhand's Account Talk

    Quote Originally Posted by coolhand View Post
    This video is an excellent presentation of the financial markets. Pay particular attention to what Jim Sinclair says in the latter half of the video when he points out his family crest. Research him. He's someone you want to pay attention to. He has a website https://www.jsmineset.com/about/.

    https://www.youtube.com/watch?v=VMCu...ature=youtu.be

    These 13 Families Rule the World: The Shadow Forces Behind the NWO | Humans Are Free
    Excellent. Passing this on coolhand.

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  11. #7158

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    Default Re: coolhand's Account Talk

    I sure didn't see today's dump coming. We got the test of the previous lows

    DWCPF.png
    S&P 500.png

    Both charts show price closing at a lower low. The S&P remains above its 200 dma, but not the DWCPF. Are they going to save it? Volume was elevated and momentum is heading lower.

    TRIN closed at a very high level, which suggests another bounce. Breadth remains negative. The OEX remains neutral and the CBOE remains bearish.

    I still think the market turns back up, but the news headlines sure don't make me comfortable. Something may happen with China, which may be used as a narrative to turn the market back up. I'm guessing on that, but POTUS is suggesting a private meeting with Xi. On the other hand, there is a lot of finger pointing at the Fed right now, which dovetails with the sell-offs. Trying to guess what actually happens and when is not very discernable. NAAIM wasn't overly bearish last week, though they did back off their bullishness.

    Let's see where NAAIM sits tomorrow. Right now, the bears appear to have the upper hand, but this is still a bull market until it's not.

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  13. #7159

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    Default Re: coolhand's Account Talk

    Thank you coolhand. I appreciate your posts.

    PO

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  15. #7160

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    Default Re: coolhand's Account Talk

    Futures were up fairly well overnight, but over the past hour or 2 they've plunged. It is looking like were heading lower at the open and maybe in a big way if futures keeping building to the downside. NAAIM comes out late in the morning. This next drop will likely shake some bulls loose. Maybe that's at least part of the reason for the pressure, but I am certain that it's geopolitical/financial more than anything else. If NAAIM comes in bearish it may be a signal, but I need to see the survey before I can read the tea leaves.

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  17. #7161

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    Default Re: coolhand's Account Talk

    The volatility in the futures market is really something. It's turned again and now were back up.

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  19. #7162

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    Default Re: coolhand's Account Talk

    NAAIM still hasn't posted. I'm beginning to wonder if we'll get a reading today.

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  21. #7163

    Default Re: coolhand's Account Talk

    Its there...same as last week...had a number of consecutive 20s bull readings in May before market turned...so it ain't what it used to be.

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  23. #7164

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    Default Re: coolhand's Account Talk

    Quote Originally Posted by amoeba View Post
    Its there...same as last week...had a number of consecutive 20s bull readings in May before market turned...so it ain't what it used to be.
    FINE PRINT:
    Last time I posted here, I was rudely accused of being "closed minded" simply because I asked (apparently) difficult questions regarding some extraordinary claims being made here.

    Being a Christian, I forgave. But I've kept my distance as some are more sensitive than others.

    But for the sake of others, I'll again dip my toe in the water to offer ... an option. I am open for debate. "Iron sharpens iron." We can learn; and/or agree to disagree. No need for hostility. It's just my opinion, not the end of the world.

    In other words, I come in peace. Whew (out of breath) ... that said:


    NAAIM says regarding the NAAIM Index:
    "It is important to recognize that the NAAIM Exposure Index is not predictive in nature and is of little value in attempting to determine what the stock market will do in the future."
    https://www.naaim.org/programs/naaim-exposure-index/

    cxoadvisory.com says regarding the NAAIM Index:
    "In other words, the index offers no information about stock market return the next week."
    "In summary, evidence from simple tests on NAAIM survey data offers little support for belief that active investment managers as a group successfully time the U.S. stock market over the near term, but they may add some value by predicting stock market volatility."
    https://www.cxoadvisory.com/sentimen...market-timing/
    "In the land of idiots, the moron is King."--Unknown


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SPY (C Fund) (delayed)
coolhand's Account Talk
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