Thread: coolhand's Account Talk

Well, you can't be sure what may happen on any given day in this wacky market. I was leaning bearish on the options market reading, but we got a shot to the upside instead. I'm sure you'll take it.

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So, price on the S&P is back in its upper trading range (resistance) at the close. Price easily cleared and closed above the 200 dma on the DWCPF. Momentum is turning up again. But we're still in the trading range on both charts. Breadth spiked higher today and back at the upper end of range. Volume is bullish on the NYSE at the moment.

The options are neutral this evening. NAAIM backed off their moderately bullish stance a bit and are now about neutral.

I just don't have anything to point to that might give me a clue how long this market bounces around. NAAIM's reading leads me to believe we have more up/down action coming. Friday looks neutral. The TSP stock funds are currently sporting gains for the week. Hopefully, the bulls can close out the week and keep those gains.

Futures are up enough early this morning that I would venture to anticipate the S&P tests its 50 dma today. Are we soon to break out of the trading range over the days ahead? It's too soon to know of course, but it's certainly something to keep an eye on.

Originally Posted by coolhand

Futures are up enough early this morning that I would venture to anticipate the S&P tests its 50 dma today. Are we soon to break out of the trading range over the days ahead? It's too soon to know of course, but it's certainly something to keep an eye on.

It really feels like the market is playing to the news media. Tariff news mostly. Good news from Washington the market is up, bad news the market is down. Hong Kong is going to be a player as well. With the long weekend and the Dorian hitting Florida........

Originally Posted by nasa1974

It really feels like the market is playing to the news media. Tariff news mostly. Good news from Washington the market is up, bad news the market is down. Hong Kong is going to be a player as well. With the long weekend and the Dorian hitting Florida........

With respect to Dorian, there is a good chance I'm without power at some point after this storm makes landfall. Maybe for a few days.

Okay. Just as long as you can get back on line right after Labor Day. Ft Walton is nice for Labor Day weekend.

Sorry I didn't realize how bad it was until I saw the news.

Originally Posted by Bquat

Sorry I didn't realize how bad it was until I saw the news.

It's not a problem. We've been through a number of them already, but this one could be the worst. They are now saying that it's possible the storm works its way up the coast and just rakes us from offshore, but that remains to be seen.

Good luck to you Coolhand!
In my part of the world (Red State) we have lots of flooding along the rivers.
Thing is, if you love where you live, you deal with the floods/ hurricanes.
Me.... I'm moving to the mountains when I retire!

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If you live in Georgia or the Carolinas, hurricane risk is now elevated. Florida is still impacted even if it doesn't make landfall. This storm looks to be maximizing its potential to affect as many as possible given its current projected path.

It's amazing how quickly the path of this storm is changing. Computer models are now predicting it will turn North even sooner (and maybe out to sea).

Cool Hope everything goes well for you during Dorian! Stay safe! Hopefully it spins out into the Atlantic and disappears. Best of luck to you and yours!
Scout