Page 607 of 704 FirstFirst ... 107507557597605606607608609617657 ... LastLast
Results 7,273 to 7,284 of 8437

Thread: coolhand's Account Talk

  1. #7273

    Join Date
    Oct 2004
    Location
    Orlando, FL
    Posts
    6,794
    Blog Entries
    1229

    Default Re: coolhand's Account Talk

    The market went largely nowhere today. The S&P remains poised to possibly add to its gains (there is not really any overhead resistance).

    DWCPF1.png

    Looking at the DWCPF however, we can see price is testing resistance at the previous peak. So far, it's holding.

    Cumulative breadth remains solidly bullish. I note that TRINQ is bullish for Wednesday.

    I don't think the resistance on the DWCPF is a big issue as long as breadth remains bullish. The fact that the S&P remains near its high supports my perspective as well. I'm not saying we can't see a pullback, but the evidence I am looking at is leaning bullish at least for Wednesday.

  2.  
  3. #7274

    Join Date
    Oct 2004
    Location
    Orlando, FL
    Posts
    6,794
    Blog Entries
    1229

    Default Re: coolhand's Account Talk

    That rate cut today will favor the bulls over time. The market rallied once it was announced. The S&P continues to drift to the upside with no overhead resistance. The DWCPF closed at resistance again. I am expecting that index to break through it sooner or later. Likely sooner.

    The CBOE is bullish this evening. Breadth remains bullish. The upside bias should continue.

  4.  
  5. #7275

    Join Date
    Oct 2004
    Location
    Orlando, FL
    Posts
    6,794
    Blog Entries
    1229

    Default Re: coolhand's Account Talk

    Apparently, NAAIM thought the rate cut was bullish too, as they got bulled up this week. That's all for this evening.

  6.  
  7. #7276

    Join Date
    Oct 2004
    Location
    Orlando, FL
    Posts
    6,794
    Blog Entries
    1229

    Default Re: coolhand's Account Talk

    Are you ready? I've alluded to problems in the financial sphere in the past. No one can time this and we can never be sure when something might happen that takes us by surprise.

    Emergency! Bank Run Starting Globally! Bank of America Goes Dark! - Video | Economy

    Lots of other warnings are out there. Listening to X22?

  8.  
  9. #7277

    Default Re: coolhand's Account Talk

    Listening

  10.  
  11. #7278

    Join Date
    Oct 2004
    Location
    Orlando, FL
    Posts
    6,794
    Blog Entries
    1229

    Default Re: coolhand's Account Talk

    Friday's positive action confirmed the current bullish bias. It also confirmed NAAIM's fresh bullish stance.

    DWCPF.png

    We can also see that price on the DWCPF closed at a higher high. Another confirmation; especially with nothing but air above the S&P's closing price.

    Breadth remains very bullish. The CBOE is bullish heading into Monday. TRINQ is bullish for Monday as well.

    All of this bullishness used to be a marker for a top, but I am not so sure that will be the case. Certainly, the market can pull back, but I don't think the bears can mount much of an attack. And the insiders at NAAIM agree for the time being.

    I am looking for more upside bias as this week unfolds.

  12.  
  13. #7279

    Join Date
    Oct 2004
    Location
    Orlando, FL
    Posts
    6,794
    Blog Entries
    1229

    Default Re: coolhand's Account Talk

    As expected, the market continued its upward bias on Monday. The indicators have not changed all that much, but TRINQ is suggesting some give back. That the Nasdaq and it doesn't necessarily mean that any weakness that manifests won't be reversed during the trading day.

    The CBOE remains bullish. NAAIM is bullish. Breadth is bullish. The charts are bullish. The upward bias should continue.

  14.  
  15. #7280

    Join Date
    Oct 2004
    Location
    Orlando, FL
    Posts
    6,794
    Blog Entries
    1229

    Default Re: coolhand's Account Talk

    The market tried to add to its gains early on today, but was unable to hold on though the trading day as the S&P and DWCPF posted relatively modest losses, which does nothing to dampen the bullish nature of the market right now.

    Nothing has changed. The bulls are still in control.

  16.  
  17. #7281

    Join Date
    Oct 2004
    Location
    Orlando, FL
    Posts
    6,794
    Blog Entries
    1229

    Default Re: coolhand's Account Talk

    The market appears to be consolidating gains right now. At some point, the upward bias should continue. The indicators are still bullish. NAAIM reports tomorrow.


  18.  
  19. #7282

    Join Date
    Oct 2004
    Location
    Orlando, FL
    Posts
    6,794
    Blog Entries
    1229

    Default Re: coolhand's Account Talk

    The weakness we got the previous couple of trading days reversed today and the S&P is once again pushing into rarefied air. The DWCPF recovered some as well.

    Breadth remains solidly bullish. The CBOE is neutral. The latest NAAIM reading shows that this smart money, which was already bullish, is now a tad more bullish. I would not bet against them (or breadth). I remain bullish.

  20.  
  21. #7283

    Default Re: coolhand's Account Talk

    thx CH

  22.  
  23. #7284

    Join Date
    Oct 2004
    Location
    Orlando, FL
    Posts
    6,794
    Blog Entries
    1229

    Default Re: coolhand's Account Talk

    The market tacked on moderate weekly gains last week. Certainly the indicators I am watching supported that outcome.

    The S&P 500 remains near its all-time high with no upside resistance to speak of. The DWCPF has yet to break out, but is holding its own for now.

    Cumulative breadth remains very bullish. The trend is obviously up. The CBOE is bullish. TSP Talk is at a very high bullish reading, which at one time was cause for concern, but this survey is not as predictable as it once was. NAAIM is bullish...period.

    While I am hearing warnings in some circles about certain large banks (BoA, DB, WF) being in significant trouble, I cannot confirm this. Is anyone out there unable to withdraw from an ATM at any banks? I have heard this may be happening in some areas. QE is being pumped, so it is certainly plausible that something may be happening. We will not be told of an issue until after the fact. We are not important. "They" do not care if we get crushed. In fact, they orchestrate it.

    Now that I have issued my occasional warning, aside from the cracks in the foundation that may be developing, the indicators tell me to remain bullish.

  24.  
Page 607 of 704 FirstFirst ... 107507557597605606607608609617657 ... 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
  •  
S&P500 (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