Page 651 of 659 FirstFirst ... 151551601641649650651652653 ... LastLast
Results 7,801 to 7,812 of 7908

Thread: coolhand's Account Talk

  1. #7801

    Join Date
    Aug 2011
    Location
    Valatie, NY
    Posts
    257

    Default Re: coolhand's Account Talk

    What do you think of the golden cross in the Dow a couple days ago? Surprised I haven't seen any chatter about it on the forums.

    https://www.google.com/amp/s/www.mar...ls-11596740412

    Sent from my Pixel 2 XL using Tapatalk
    Expected FERS Retirement; December 2028
    Thru-hike the Appalachian trail spring 2029

  2.  
  3. #7802

    Join Date
    Oct 2004
    Location
    Orlando, FL
    Posts
    6,433
    Blog Entries
    1073

    Default Re: coolhand's Account Talk

    Quote Originally Posted by tom4jean View Post
    What do you think of the golden cross in the Dow a couple days ago? Surprised I haven't seen any chatter about it on the forums.

    https://www.google.com/amp/s/www.mar...ls-11596740412

    Sent from my Pixel 2 XL using Tapatalk
    I would say it dovetails with many other indicators (breadth, etc.) While we can always find both bullish and bearish indicators at any given time, the trend is still up and we have smart money staying long.

  4.  
  5. #7803

    Join Date
    Oct 2004
    Location
    Orlando, FL
    Posts
    6,433
    Blog Entries
    1073

    Default Re: coolhand's Account Talk

    The S&P has now risen 7 trading days in a row.

    S&P 500.png
    DWCPF.png

    I've added a couple of months to the charts so we can keep an eye on the February peak. We can see that the market has actually closed in on that peak quickly in the past few trading sessions. So potential resistance looms; though I believe (at this time) that assuming price tests it, it will eventually push past that peak. We may only be days away or it could be somewhat longer.

    NYAD.png

    Breadth hit another high and remains bullish.

    No change in my sentiment. I'm still bullish.


  6.  
  7. #7804

    Join Date
    Oct 2004
    Location
    Orlando, FL
    Posts
    6,433
    Blog Entries
    1073

    Default Re: coolhand's Account Talk

    After 7 consecutive "up" days for the S&P, the market finally pulled back. It was due.

    S&P 500.png
    DWCPF.png

    A moderate pullback is obviously healthy for the market and does virtually nothing to hurt the technical indicators.

    Breadth dipped a bit, but remains bullish.

    Futures are up early this evening, so maybe the bulls bounce back tomorrow. In any event, I see no reason to pull in my horns, so I remain bullish.

  8.  
  9. #7805

    Join Date
    Oct 2004
    Location
    Orlando, FL
    Posts
    6,433
    Blog Entries
    1073

    Default Re: coolhand's Account Talk

    The bears hopes of turning the market hit a snag today as the bulls sent price(s) to fresh highs on this rally. Is it really a surprise given smart money is bullish?

    S&P 500.png
    DWCPF.png

    Yesterday's pullback was simply that; a pullback. There is still no evidence that anything has changed. The charts are bullish, period. But I don't want to ignore potential resistance at the February peak, which is drawing closer.

    NYAD.png

    Nothing wrong with this chart either. It hit another high and remains solidly bullish.

    Need I say what my sentiment is?

    NAAIM reports tomorrow. See you then.

  10.  
  11. #7806

    Join Date
    Oct 2004
    Location
    Orlando, FL
    Posts
    6,433
    Blog Entries
    1073

    Default Re: coolhand's Account Talk

    NAAIM came in a bit more bullish today. It's about as high a bullish reading as I've seen.

  12.  
  13. Default Re: coolhand's Account Talk

    Coolhand, does this reading in any way say the market may be overbought? Or is that not what NAAIM measures.

  14.  
  15. Default Re: coolhand's Account Talk

    Disregard, my question, I researched. Keep up the good work, enjoy your insights!

  16.  
  17. #7809

    Join Date
    Oct 2004
    Location
    Orlando, FL
    Posts
    6,433
    Blog Entries
    1073

    Default Re: coolhand's Account Talk

    The market traded mixed on the day, with the S&P dipping modestly, while the DWCPF closed modestly higher.

    S&P 500.png
    DWCPF.png

    Breadth dipped, but remains quite bullish.

    Today's latest NAAIM sentiment reading remained bullish.

    Steady as she goes. I remain bullish.

  18.  
  19. #7810

    Join Date
    Oct 2004
    Location
    Orlando, FL
    Posts
    6,433
    Blog Entries
    1073

    Default Re: Smart Money Gets Bullish

    The bulls managed to close out the week (last week) with moderate gains.

    S&P 500.png
    DWCPF.png

    The up-trend remains intact and the charts continue to look good, but potential resistance is not far overhead now.

    NYAD.png

    Breadth remains bullish.

    We saw that NAAIM came in quite bullish last Thursday. TSP Talk got more bullish in the latest survey, so we are aligned with the smart money.

    Let's see if price can test resistance this week. I remain bullish.

  20.  
  21. #7811

    Join Date
    Oct 2004
    Location
    Orlando, FL
    Posts
    6,433
    Blog Entries
    1073

    Default Coolhand's Account Talk

    The bulls began the week with more gains.

    S&P 500.png
    DWCPF.png

    And both charts show price getting very near the February high. A test of that high could come any day now. Volume has fallen off the past few days, but that's normal in mid-August.

    Breadth ticked higher and remains bullish.

    I remain bullish.

  22.  
  23. #7812

    Join Date
    Oct 2004
    Location
    Orlando, FL
    Posts
    6,433
    Blog Entries
    1073

    Default Re: Smart Money Gets Bullish

    While the market closed mixed on the day, the S&P 500 in particular added a modest gain.

    S&P 500.png
    DWCPF.png

    Price is now testing resistance on the S&P from the February peak. Interestingly, there was no serious challenge from the bears as the February peak was tested. But the bulls didn't press either, so price pulled back from that peak just a bit. The DWCPF is close to testing its peak, but it isn't quite there yet.

    Breadth remains bullish.

    I feel pretty confident that price will eventually push pass resistance. Likely sooner rather than later, but we'll let the market tell us.

    I remain bullish.


  24.  
Page 651 of 659 FirstFirst ... 151551601641649650651652653 ... LastLast

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  
SPY (C Fund) (delayed)
coolhand's Account Talk
(Stockcharts.com Real-time)
DWCPF (S Fund) (delayed)
coolhand's Account Talk
(Stockcharts.com Real-time)
EFA (I Fund) (delayed)
coolhand's Account Talk
(Stockcharts.com Real-time)
BND (F Fund) (delayed)
coolhand's Account Talk
(Stockcharts.com Real-time)

Yahoo Finance Realtime TSP Fund Tracking Index Quotes