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Thread: coolhand's Account Talk

  1. #7789

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    Default Re: coolhand's Account Talk

    Just learning how to read these charts. Do these indicate that the MA(50) are "support lines" for the current Dow and S&P 500 - indicating that they are likely to remain above those lines for the near future?

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  3. #7790

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    Default Re: coolhand's Account Talk

    Quote Originally Posted by flalaw97 View Post
    Just learning how to read these charts. Do these indicate that the MA(50) are "support lines" for the current Dow and S&P 500 - indicating that they are likely to remain above those lines for the near future?
    The lines are just points of reference. The 50 and 200 day moving averages are among the most common. They can be either support or resistance depending on whether price is above or below them. It helps determine the trend as well. Other averages can also be used depending on what time frame a trader is interested in. TSP does not lend itself to short term trading (generally speaking), which is why I use the longer averages.

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  5. #7791

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    Default Re: coolhand's Account Talk

    The bulls came out swinging today, as price gapped higher and stayed elevated throughout the trading day.

    S&P 500.png
    DWCPF.png

    The charts are sporting fresh highs on a bit more volume.

    NYAD.png

    Breadth remains bullish.

    It hasn't been a rocket ride, but NAAIM's bullishness has been correct as far as the market is concerned.

    I remain bullish.

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  7. #7792

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    Default Re: coolhand's Account Talk

    Looks like Up/Down, Up/Down, Up/Down to me! If I had 8 IFTs I could have made some MONEY!!pot1.gif
    09/21/2020
    LS CRUDE Oil
    =$39.31 a Barrel, Daily Status -$1.88

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  9. #7793

    Default Re: coolhand's Account Talk

    Hi Flalaw97, I love reading this TradingSim site as it contains tons of info. You can click on lessons 3, 5 and 8 for Moving Averages under Technical Overlays. But there is so much more...if you click at top on Technical Analysis, you will see a whole other realm! It can be a bit overwhelming to see this much stuff. But you can bookmark it and read when you like. This site is one of my favorite resources. Best Wishes! .

    https://tradingsim.com/blog/category...ay-indicators/.

    Also, love Stockcharts.com Chart School.
    https://school.stockcharts.com/doku.php



    Quote Originally Posted by coolhand View Post
    The lines are just points of reference. The 50 and 200 day moving averages are among the most common. They can be either support or resistance depending on whether price is above or below them. It helps determine the trend as well. Other averages can also be used depending on what time frame a trader is interested in. TSP does not lend itself to short term trading (generally speaking), which is why I use the longer averages.
    Last edited by DreamboatAnnie; 08-03-2020 at 07:19 PM.
    Please do not take my comments as trading advice Current: 9-30-2020=15G-C30-S55 / Prior: 9-21-2020=G50-S30-C20/ Chart Links=Page 241-242, posts#2892-2895

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  11. #7794

    Default Re: coolhand's Account Talk

    Quote Originally Posted by nnuut View Post
    Looks like Up/Down, Up/Down, Up/Down to me! If I had 8 IFTs I could have made some MONEY!!pot1.gif
    That's exactly what the FRTIB is trying to prevent.
    Allocations as of COB Dec 28 : 100% S. | Retirement Date:Dec 2022
    Past Returns:
    2019 27.97%, 2018 -3.36%, 2017 13.10%, 2016 -1.79%, 2015 8.71%,5Yr Avg 8.35%


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  13. #7795

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    Default Re: coolhand's Account Talk

    We got more up/down action today, but the bulls closed out the session near or at the high of day.

    S&P 500.png
    DWCPF.png

    Price posted fresh highs again. For reference, the peak on the S&P is still about 100 points higher.

    NYAD.png

    Breadth hit a fresh high as well and remains bullish.

    I remain bullish.

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  15. #7796

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    Default Re: coolhand's Account Talk

    Quote Originally Posted by Cactus View Post
    That's exactly what the FRTIB is trying to prevent.
    How many people still around who got ”THE LETTER” from FRTIB ??
    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. #7797

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    Default Re: coolhand's Account Talk

    Here.
    Quote Originally Posted by uscfanhawaii View Post
    How many people still around who got ”THE LETTER” from FRTIB ??
    Weatherweenie's Account Talk
    Expected retirement date: November 2023

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  19. #7798

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    Default Re: Smart Money Gets Bullish

    The bulls continued their win streak today (4 in a row).

    S&P 500.png
    DWCPF.png

    The sideways action we experienced not long ago is fading away as price continued to post fresh highs on the current uptrend.

    NYAD.png

    Breadth continues to look very good.

    NAAIM report tomorrow.

    I remain bullish.

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  21. #7799

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    Default Re: Smart Money Gets Bullish

    We got a mixed day of action today as the S&P 500 made it 5 up days in a row, but the DWCPF closed modestly lower.

    S&P 500.png
    DWCPF.png

    The charts remain decidedly bullish. RSI is getting close to overbought, but that's not a big concern with the smart money being bullish.

    NYAD.png

    Breadth dipped just a bit and remains bullish.

    NAAIM was relatively unchanged today and remains solidly bullish.

    I don't mention precious metals often, but I follow them closely and they are on tear; especially silver. I am convinced that that train is just getting started too.

    I remain bullish.

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  23. #7800

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    Default Re: Smart Money Gets Bullish

    The bulls posted significant gains last week.

    S&P 500.png
    DWCPF.png

    We can see that price is slowly rising along with the 50 and 200 day moving averages. The long term trend is up.

    NYAD.png

    Breadth hit a fresh high on Friday and remains bullish.

    We are heading into a new week with the smart money still bullish after last Thursday's latest sentiment reading. TSP Talk remains bullish, but I noted some shifted to a more neutral stance.

    After last week's gains, it would not be a surprise if the market sees some degree of a pullback soon. But the trend does remain up and the smart money is in the bullish camp. I remain bullish.

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coolhand's Account Talk
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