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Thread: coolhand's Account Talk

  1. #7717

    Default Re: coolhand's Account Talk

    The markets have been climbing the wall of worry looking past the bad news and forward to recovery.

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  3. #7718

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    Default Re: coolhand's Account Talk

    The wall of worry is alive and well, isn't it? Stocks continued their climb today, slowly recapturing ground from lows hit March.

    S&P 500.png
    DWCPF.png

    Price has been above the 200 dma on the S&P for several days now. I would call that average potential support at this point. Price on the DWCPF closed at a fresh high above that same average. Momentum is bullish and rising. We aren't off to the races, but as long as the trend remains bullish, it isn't really a problem.

    NYAD.png

    Breadth is looking rather vertical and confirms strength underpinning the rally.

    I remain bullish.

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  5. #7719

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    Default Re: coolhand's Account Talk

    The rally continued today, with both the C and S funds picking up significant gains by the close.

    S&P 500.png
    DWCPF.png

    Price is putting more distance between it and the 200 dma. Price on the DWCPF doesn't have the same amount of time above the 200 dma that the S&P does, but I don't think that will be an issue. The S&P has often led the market, which makes sense given the serious apprehensions among "pros" about the sustainability of this market. Just remember, fundamentals really don't matter, but printing presses and algorithms do.

    NYAD.png

    Breadth continues to shoot upward and remains bullish.

    We might get a pullback at any time now, but with all of the seriously bad news out there we might not see much selling in the short term either. Remember, NAAIM got bullish just a few days ago.

    I remain bullish.

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  7. #7720

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    Default Re: coolhand's Account Talk

    The bulls had their way with the market again today.

    S&P 500.png
    DWCPF.png

    The 200 dma on both charts is now quickly disappearing in the rear view mirror. Momentum continues to rise. RSI is near overbought, but that may not be meaningful in a market that might be on a mission.

    NYAD.png

    Breadth continues to look strong.

    NAAIM reports tomorrow. Will we see a stronger bullish reading? We might. It's always interesting to see what they are doing week to week.

    I remain bullish.

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  9. #7721

    Default Re: coolhand's Account Talk

    What's your thoughts on this? We are in a new bull market, in an upwardly moving channel with higher highs and higher low, above the 200 day moving average.

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  11. #7722

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    Default Re: coolhand's Account Talk

    Quote Originally Posted by NellyBelle View Post
    What's your thoughts on this? We are in a new bull market, in an upwardly moving channel with higher highs and higher low, above the 200 day moving average.
    There is a very real possibility we hit new all-time highs in the weeks/months ahead. While I won't predict it, that's my expectation. Things can still change, which is obviously why I follow certain indicators.


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  13. #7723

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    Default Re: coolhand's Account Talk

    The market took a pause today, which was needed.

    S&P 500.png
    DWCPF.png

    Modest losses on the day, but no technical issues at all.

    Breadth actually ticked a bit higher and remains bullish.

    NAAIM got more bulled up, with fewer bears among them. They are very bullish as a group now.

    I remain bullish.

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  15. #7724

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    Default Re: coolhand's Account Talk

    So CH, you have been bullish for some time now.....do you think we are back in a ‘bull market’ now?
    There are 10 types of people in the world. Those who know binary, and those that don't!!
    Retired on December 31, 2018!!

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  17. #7725

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    Default Re: coolhand's Account Talk

    Quote Originally Posted by uscfanhawaii View Post
    So CH, you have been bullish for some time now.....do you think we are back in a ‘bull market’ now?
    I am, but I try to never get complacent. My indicators are half the battle. I also follow certain websites and professionals to help shape my personal perspective to go along with the indicators. Those tend to give me a longer term point of view.

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  19. #7726

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    Default Re: Smart Money Gets Bullish

    Friday's positive action added to huge gains last week for all 3 TSP stock funds.

    S&P 500.png
    DWCPF.png

    As the news gets more dire, the market rallies even more. On volume. Upward momentum is rising. RSI is now overbought, but I'd not get overly concerned about that, though a pullback could happen any time now.

    NYAD.png

    Breadth is really stretching it to the upside (bullish).

    TSP Talk sentiment came in bullish (no change). We already knew that the smart money was bullish and we can see why.

    It is very possible that this rally gets silly to the upside. I'm not predicting such, but I would not be surprised.

    I remain bullish.

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  21. #7727

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    Default Re: Smart Money Gets Bullish

    Huge volume moves to the upside. Capitulation + Whales cannon-balling into the fish tank last week.

    NYUD.JPG

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  23. #7728

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    Default Re: Smart Money Gets Bullish

    Quote Originally Posted by Bullitt View Post
    Huge volume moves to the upside. Capitulation + Whales cannon-balling into the fish tank last week.

    NYUD.JPG
    Market is on a mission.

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SPY (C Fund) (delayed)
coolhand's Account Talk
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coolhand's Account Talk
(Stockcharts.com Real-time)
EFA (I Fund) (delayed)
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coolhand's Account Talk
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