Thread: coolhand's Account Talk

Originally Posted by James48843

Well, there is a confidence builder.


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We actually come out in much better shape once we are on the other side of the transition. But there are things we can do to prepare.

Originally Posted by Scout333

Thanks Cool! I don't mind admitting I'm scared and have been scared for awhile! I'm out for now as well.

There are many financial changes that will eventually occur that are going to benefit us all. I am looking forward to it, but first there will be a fight as those who have been in power for a long time try to maintain that power. They will ultimately lose.

It seems like Trump would not want any form of crash, reset, recession, whatever its called prior to November 2020? I disagree with the X22 guy's take that Trump looks good no matter what the Fed does. I doubt Trump thinks that either.

Originally Posted by Happy_Trails

It seems like Trump would not want any form of crash, reset, recession, whatever its called prior to November 2020? I disagree with the X22 guy's take that Trump looks good no matter what the Fed does. I doubt Trump thinks that either.

No one knows exactly how it plays out. I don't always agree with Dave on X22 either, but I always remind myself that none of us has all the dots connected. We don't know the plan and plan does change as the playing field shifts. We have to make adjustments. Moves and counter moves. I do believe he is one of the best at articulating the underlying framework of events.

Remember what I said in yesterday's post. The main stream narrative has suddenly shifted (recession, recession, recession). That means the powers that be (not POTUS) are now actively trying to cause the recession as their latest attempt to weaken him. POTUS is now using their latest scheme and is going to turn it against them. I sometimes tell people to think of it like Judo. Use your opponents weight against them so-to-speak.

Understood. The only thing that we all can truly, truly put our absolute confidence and trust in is that God so loved the world that He gave His only begotten Son so that whoever believes in Him should not perish but have eternal life. The true King will return, it could even be today.

Originally Posted by Happy_Trails

Understood. The only thing that we all can truly, truly put our absolute confidence and trust in is that God so loved the world that He gave His only begotten Son so that whoever believes in Him should not perish but have eternal life. The true King will return, it could even be today.

Ultimately, this really is all that matters. I'm ready.

I'm ready too!
I just finished reading through The Creature From Jekyll Island summaries. Very interesting!
Thanks again.

Originally Posted by pmaloney

I'm ready too!
I just finished reading through The Creature From Jekyll Island summaries. Very interesting!
Thanks again.

Been there, read that!

Originally Posted by coolhand

Ultimately, this really is all that matters. I'm ready.

I "REC" that!

The bulls bounced the market as I suspected in Friday's post.

S&P 500.png
DWCPF.png

We can see how volatile the market has gotten over the past month or so. Price has remained above the 200 dma on the S&P, but it's also remained below the 50 dma for most of August. The DWCPF isn't much different, though price on that index is trying to stay above the 200 dma. Today, despite the bounce, price closed at the 200 dma, which isn't overly inspiring for the bulls. But they are fighting back against the selling pressure.

This evening, the OEX is leaning bullish as is the CBOE. Maybe we get some upside follow through on this. Breadth has turned positive again, but because it's tracking sideways to a large extent, we can't depend on it as much as if the market was trending.

I am leaning bullish for Tuesday, but I am not overly bullish on the prospect. News has been a catalyst to push price around and that makes it tough for bulls and bears to get comfortable. Remember, NAAIM is not bearish for the most part, so I would like to think that the downside still remains limited, but we need to allow for a wider range of action.

I was looking for continued upside for Tuesday, and we actually got it. It just didn't last past the morning session.

S&P 500.png
DWCPF.png

The S&P 500 chart still looks okay given the 200 dma has not been challenged. We can't say the same for the DWCPF as price under that key average once again. Momentum is flat at best.

The options are now leaning a bit bearish this evening. Breadth is neutral. My intermediate term system remains negative.

So, the battle continues. I'm neutral for Wednesday. With price on the DWCPF now below the 200 dma, we may see an attempt to prop up that portion of the stock market soon, but the S&P would likely benefit from any upside attempt as well.