Thread: coolhand's Account Talk

Merry Christmas!

Merry Christmas Coolhand!

How beautiful is this Christmas production? Hail to our King!!! Peace be with you all.

Magnificent. All Glory to His Majesty. and peace to all friends.

The market picked up where it left off as the averages continued their upward bias.

NYAD.png

How vertical is the signal going to get for cumulative breadth? The 21 day EMA has not had a negative cross of the 39 day EMA in recent months.

TRIN and TRINQ are biasing lower in recent weeks, which is bullish.

As crazy as this market is, the upside has the potential to go a lot higher despite the risks.

I remain bullish.

On Friday, the market closed mixed, but we did have a positive week. The S&P fared better than the DWCPF as the DWCPF was flat overall.

At the close on Friday, the CBOE settled on the bearish side. TRIN was bearish, but the TRINQ was neutral. These readings only apply to Monday.

Cumulative breadth dipped for the first time in more than 3 weeks.

It could be that we are seeing some subtle profit taking as the year winds down. I don't think any profit taking will significantly alter market character. With continuing market cash injections, I suspect the market will remain quite resistant to negative pressure. I say this in large part because the smart money (NAAIM) is heavily bullish.

For this reason, I remain bullish as well.

End-of-year trading continued to see selling pressure with one day to go before the New Year. It is not unusual at all and is healthy in order to set up the next move higher. I don't see cash injections stopping anytime soon. That is almost certain to force prices higher over time.

NYAD.png

We can see that breadth is pulling back, but remains bullish.

The CBOE is bearish again this evening.

I suspect the selling will continue on Tuesday, but I do not anticipate it will be of any real consequence. The trend remains solidly bullish.

Originally Posted by coolhand

How beautiful is this Christmas production? Hail to our King!!! Peace be with you all.

Ahh Peter Hollens. Been a fan of his for sometime now. He has done a number of songs from "The Hobbit and Lord of the Rings" movies. Such a great talent.

Thanks for posting this coolhand. Have a Happy New Year!!!

Happy New Year Everyone! May the New Year will be healthy and prosperous for you all.

The market closed out the year on a positive note, with the averages retracing a good portion of recent losses.

NYAD.png

The charts do not suggest anything will change as far as market character goes. We can see that cumulative breadth hit a fresh high on Tuesday after dipping for 2 straight days. This chart remains solidly bullish (of course).

The CBOE is neutral. TRIN and TRINQ are leaning bullish for Thursday. We know that NAAIM is heavily bulled up, but a fresh survey is due on Thursday. I seriously doubt we see much change, but we'll know soon enough.

I see no reason to fear the technical picture as it remains firmly bullish.

Thank you Coolhand. Busy in the world week for me, but though I rarely share on Facebook this was too good not to share.
I love our LORD Jesus Christ, and trust in his wisdom and love which will lead our salvation and his greater union.


Thanks again!

The NAAIM reading for today (the next week) shows a modest amount of bears this time, but does little to change the overall reading,which is bullish. Most of these money managers remained long.