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Thread: coolhand's Account Talk

  1. #7309

    Default Re: coolhand's Account Talk

    Isn't it fashionable how the market waits till after 12pm to decide direction. Happens way too often imo. Is this the Hindenburg Omen starting to set in?? Or will the volatility kick in big time? I'm still 100% G but sure missed out on a nice move.

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  3. #7310

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    Default Re: coolhand's Account Talk

    Quote Originally Posted by BooDog View Post
    Isn't it fashionable how the market waits till after 12pm to decide direction. Happens way too often imo. Is this the Hindenburg Omen starting to set in?? Or will the volatility kick in big time? I'm still 100% G but sure missed out on a nice move.
    It's frustrating for those who are playing it safe. NAAIM backed off their bullishness some last week because they apparently were not completely comfortable with being overly leveraged on the long side. The Hindenburg Omen's have been known to be precursors to sell-offs, but we know they are not 100% accurate.

    There are plenty of reasons to be on the sidelines (as am I). But I have exposure to precious metal too (real money), so I am prepared when things eventually go South.

    I wish I could pinpoint how long that would take. I watched a Lynette Zang interview today where one of the viewers sent in a question on that very thing, and she said she had no way of knowing. She also said to look for her next interview on the SGT Report where she was going to reveal something big. She didn't hint at what it was, but I"ll be looking for it over the next week or so. I enjoy her perspective.

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  5. #7311

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    Default Re: coolhand's Account Talk

    We got a moderate pullback today, which is not a bad thing. No technical damage to speak of. I do note that price on the DWCPF is struggling to push past a key resistance area, but it is still poised to try to break it if the bulls can get it together.

    NYAD.png

    Breadth remains bullish, but as you can see from the chart, the signal is tracking sideways. We had a similar pattern in September that gave way to a decline before eventually resolving higher. I think the odds favor a similar outcome here, but I could be wrong.

    The CBOE has not yet posted so I don't know how they are positioned. They've been bullish of late. NAAIM report tomorrow. That will give us a better idea of what we might expect in the action for the following week.

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  7. #7312

    Default Re: coolhand's Account Talk

    Quote Originally Posted by coolhand View Post
    It's frustrating for those who are playing it safe. NAAIM backed off their bullishness some last week because they apparently were not completely comfortable with being overly leveraged on the long side. The Hindenburg Omen's have been known to be precursors to sell-offs, but we know they are not 100% accurate.

    There are plenty of reasons to be on the sidelines (as am I). But I have exposure to precious metal too (real money), so I am prepared when things eventually go South.

    I wish I could pinpoint how long that would take. I watched a Lynette Zang interview today where one of the viewers sent in a question on that very thing, and she said she had no way of knowing. She also said to look for her next interview on the SGT Report where she was going to reveal something big. She didn't hint at what it was, but I"ll be looking for it over the next week or so. I enjoy her perspective.
    thanks for the heads up on SGT🤙

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  9. #7313

    Default Re: coolhand's Account Talk

    I’ve heard her randomly on YouTube. She broadcasts at ITM trading. Knows her stuff.

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  11. #7314

    Default Re: coolhand's Account Talk

    Quote Originally Posted by coolhand View Post
    It's frustrating for those who are playing it safe. NAAIM backed off their bullishness some last week because they apparently were not completely comfortable with being overly leveraged on the long side. The Hindenburg Omen's have been known to be precursors to sell-offs, but we know they are not 100% accurate.

    There are plenty of reasons to be on the sidelines (as am I). But I have exposure to precious metal too (real money), so I am prepared when things eventually go South.

    I wish I could pinpoint how long that would take. I watched a Lynette Zang interview today where one of the viewers sent in a question on that very thing, and she said she had no way of knowing. She also said to look for her next interview on the SGT Report where she was going to reveal something big. She didn't hint at what it was, but I"ll be looking for it over the next week or so. I enjoy her perspective.
    Thanks Coolhand, I'll be checking it out as well.

    Yesterday could easily be pegged as simple consolidation but we'll see. I'm fairly neutrtal at the moment. Take a glance at nasa1974's post with the December TSP #'s history.

    Quote Originally Posted by nasa1974 View Post
    Here are December's numbers.

    Attachment 45074
    Link in case it didn't come through in the quote... https://www.tsptalk.com/mb/attachmen...-december-xlsx

    Of course it leaves plenty to the imagination/speculation of what to expect through December but it is another tool in the toolbox. BTW, thanks for that Nasa1974!

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  13. #7315

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    Default Re: coolhand's Account Talk

    Link in case it didn't come through in the quote... https://www.tsptalk.com/mb/attachmen...-december-xlsx

    Of course it leaves plenty to the imagination/speculation of what to expect through December but it is another tool in the toolbox. BTW, thanks for that Nasa1974![/QUOTE]

    December isn't always bullish, but it leans that way over the years in aggregate. Last year was obviously horrible.

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  15. #7316

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    Default Re: coolhand's Account Talk

    More selling today, but still no serious cracks in the bull's armor. It's still a healthy pullback.

    The CBOE is neutral. NAAIM got a bit more bullish. I'd say they are now on the bullish side as opposed to neutral last week. Even if we get more selling, this reading suggests it should not be significant.

    Breadth has now gone neutral as it dipped below my 21 day moving average.

    Overall, I think more selling could manifest, but it should be contained. It's the bulls who still command the market.

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  17. #7317

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    Default Re: coolhand's Account Talk

    The market posted modest to moderate losses last week (C, S and I funds) as the battle over direction of the market continued between the bulls and bears.

    The S&P remains near its all-time high and could potentially push even higher easily enough. The DWCPF continues to struggle with resistance, but has not been giving up much downside either. While one could argue that the DWCPF is indicating fatigue and a probable pullback (at resistance), the S&P is not in the same boat. That chart remains bullish.

    What are we to believe moving forward? Understand that this market is not moving so much on trading activity, which is an just an overlay on the actual foundation of price movement. Monetary control is really at the heart of the action (battle between at least 2 forces). So, be prepared as best you can for potential surprises.

    The CBOE is neutral to modesty bullish. NAAIM is bullish. TSP Talk scaled back their bullishness to a neutral stance.

    Cumulative breadth remains technically bullish, but because it is still tracking sideways I would not get too complacent on that reading. The market could break either way.

    Overall, I remain neutral to modestly bullish as we head into the new week.


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  19. #7318

    Default Re: coolhand's Account Talk

    I always appreciate your insight Cool. Keep it coming and have a great Sunday!


    Sent from my iPhone using Tapatalk

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  21. #7319

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    Default Re: coolhand's Account Talk

    We can now put the DWCPF more firmly into the bullish camp after today's huge rally as price closed well above a key resistance level (there is more resistance above). I don't think it's a fake out. Not with the S&P hitting a fresh all-time high.

    The CBOE is neutral this evening. Cumulative breadth moved smartly higher (bullish).

    The action was bullish and bodes well moving forward.

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  23. #7320

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    Default Re: coolhand's Account Talk

    No change from yesterday. The market tacked on more gains. Breadth remains bullish. The CBOE is neutral. Most of my other indicators are either neutral or bullish.

    I remain bullish.

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SPY (C Fund) (delayed)
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