Re: coolhand's Account Talk
Price pulled back on Friday, but the bulls ended the week with decent gains for the both the S&P and the DWCPF.
For Monday, the CBOE is neutral. TRIN and TRINQ are neutral. Cumulative breadth remains bullish. The money printing continues...bullish.
Sentiment shows that NAAIM and TSP Talk are both heavily bulled up.
I remain bullish.
Re: coolhand's Account Talk
Good morning,
Have enjoyed reading your posts for some time now, appreciate the information. I have a question that seems to have fallen off the radar: With regard to the S fund, what is the prospect of pulling back to the open gap at 1370 in the DWCPF? It occurred Oct 12 last year. Seems like a great reentry point but when do we drop down that low again?! Thanks!!
Re: coolhand's Account Talk
Quote:
Originally Posted by
Philskins
Good morning,
Have enjoyed reading your posts for some time now, appreciate the information. I have a question that seems to have fallen off the radar: With regard to the S fund, what is the prospect of pulling back to the open gap at 1370 in the DWCPF? It occurred Oct 12 last year. Seems like a great reentry point but when do we drop down that low again?! Thanks!!
Welcome to my thread!
Because this market is so manipulated, and right now it's to the upside (massive money printing, but there are other reasons) I don't know that this gap will be filled in historical fashion. I say this because there is a major war raging for control of the financial structure. There are those that want to plunge the markets by 50% or more, while the other side is trying to keep it afloat (for now) for future purposes (I'm thinking within 24 months or so). There is no telling exactly how this plays out. I have no doubt there is some fluidity involved as the battle moves back and forth. Most don't see this battle, which is why I point to the X22 Report to get a sense of what is really happening.
Now, it's possible the gap gets filled and the market move higher again, but I would not be comfortable holding that scenario. I just don't think it is business as usual anymore. It is now about survival. The money printing that is currently in progress started a few months ago to prop up the big banks as they are already insolvent. It is do or die for the CB and they know it. In my calculated opinion I don't think they survive.
I stopped trading the markets over 2 years once I really began to see what was happening.
I continue to provide commentary here for those who are looking for seasoned perspective, but I've whittled my technical indicators to a shadow of what I once tracked for reasons already stated.
1 Attachment(s)
Re: coolhand's Account Talk
Here is another angle of the financial battle that is taking place.
Attachment 45252
We can see that silver really took off from early June to early September and then it hit a wall and was turned back. I find it interesting that the peak came about the time that the massive money printing began. That was not coincidence. Some of the banks have massive silver shorts in play. If silver goes too high, they can lose billions. Obviously, they can't have that happen (only little fish get taken to the cleaners), so more paper was used to slam price lower. This manipulation is nothing new, but the challenge to the CB's wholesale control of price across all financial markets is new. They have lost control. Panic is setting in.
I believe that precious metal is almost certain to reward those who hold it as this battle continues. Not paper contracts, but physical metal itself.
3 Attachment(s)
Re: coolhand's Account Talk
The train just keeps on rolling.
Attachment 45254
Attachment 45255
Both charts show price hitting fresh highs. There is no resistance overhead.
Attachment 45253
Cumulative breadth also hit a fresh high. This chart has been neutral to bullish about 95% of time for several months.
TRIN and TRINQ are neutral.
I would not step in front of this market. Aside from some relatively modest to moderate pullbacks since October, this thing looks to be on a mission. It is possible that 2020 is a big year for longs. Yes, risk has not gone away, but I'm not betting against the printing presses (not to mention NAAIM and Breadth).
Re: coolhand's Account Talk
Thanks again CH!
Great game tonight. GO TIGERS! :smile:
Re: coolhand's Account Talk
Quote:
Originally Posted by
coolhand
Welcome to my thread!
Because this market is so manipulated, and right now it's to the upside (massive money printing, but there are other reasons) I don't know that this gap will be filled in historical fashion. I say this because there is a major war raging for control of the financial structure. There are those that want to plunge the markets by 50% or more, while the other side is trying to keep it afloat (for now) for future purposes (I'm thinking within 24 months or so). There is no telling exactly how this plays out. I have no doubt there is some fluidity involved as the battle moves back and forth. Most don't see this battle, which is why I point to the X22 Report to get a sense of what is really happening.
Now, it's possible the gap gets filled and the market move higher again, but I would not be comfortable holding that scenario. I just don't think it is business as usual anymore. It is now about survival. The money printing that is currently in progress started a few months ago to prop up the big banks as they are already insolvent. It is do or die for the CB and they know it. In my calculated opinion I don't think they survive.
I stopped trading the markets over 2 years once I really began to see what was happening.
I continue to provide commentary here for those who are looking for seasoned perspective, but I've whittled my technical indicators to a shadow of what I once tracked for reasons already stated.
thanks for the continued commentary, unique recommendations, and a few good laughs as i grab my popcorn on your drivebys.
Re: coolhand's Account Talk
Quote:
Originally Posted by
pmaloney
Thanks again CH!
Great game tonight. GO TIGERS! :smile:
Yes, the Tigers were the best team tonight. :D
Re: coolhand's Account Talk
It was a mixed day in terms of closing price. The S&P pulled back modestly, while the DWCPF rose moderately. It doesn't mean anything beyond that.
The CBOE is leaning bullish this evening. TRIN and TRINQ are neutral once more. In fact, they have been largely neutral for weeks. Not much volatility during that time.
Breadth rose and remains very bullish.
I remain bullish.
Re: coolhand's Account Talk
I love reading your words, "I remain bullish." especially after I just entered the market!!!!! It is uplifting.... especially when queasy about an entry. I sincerely appreciate your analysis and when its positive I realllly love it! Thank you Coolhand! :smile:
Re: coolhand's Account Talk
Quote:
Originally Posted by
DreamboatAnnie
I love reading your words, "I remain bullish." especially after I just entered the market!!!!! It is uplifting.... especially when queasy about an entry. I sincerely appreciate your analysis and when its positive I realllly love it! Thank you Coolhand! :smile:
YW. :smile:
Re: coolhand's Account Talk
The melt up continued today as both the S&P and the DWCPF closed with modest to moderate gains.
TRIN and TRINQ remain neutral. I just don't get many actionable signals from these 2 signals like I once did.
Cumulative breadth moved higher and remains bullish.
NAAIM reports tomorrow.
I remain bullish.