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Thread: coolhand's Account Talk

  1. #7369

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    Default Re: coolhand's Account Talk

    It didn't take long to put those 2 weak trading days in the rear view mirror. The S&P closed at yet another all-time high today. The DWCPF is testing its previous high now, but has yet to push through it. No doubt it will, however.

    The CBOE is leaning bullish this evening. TRINQ is bullish, while TRIN is neutral. NAAIM remains solidly bullish, though they had a few bears among them this week.

    Amazing what money printing can do for a market. Some analysts think the upside will get much crazier down the road. I suspect they may be right.

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  3. #7370

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    Default Re: coolhand's Account Talk

    The market is supposedly having a negative reaction to the Iranian situation currently in the news. I don't think this is going to have a lasting effect. It is almost certainly a buying opportunity, though I have no idea where a bottom is. It could just be a 1 day thing. We'll have to see.
    Last edited by coolhand; 01-03-2020 at 10:18 AM.

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  5. #7371

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    Default Re: coolhand's Account Talk

    Friday's action saw the market turn back down again as market participants reacted to geopolitical events.

    The charts remain bullish nonetheless. It will take significant selling pressure to shift the upside trend, which I don't think is likely. Not when the CB is being forced to monetize debt and keep their banks afloat.

    The CBOE is leaning bullish for Monday. TRINQ remains bullish. Cumulative breadth dipped, but remains bullish.

    We'll have to see how geopolitical events unfold and the degree of influence it exerts on the markets moving forward. It would not be out of character for the market to turn higher on perceived bad news, so be careful not to assume the market will react to bad news in a logical way. As we begin 2020, expect significant events to line up one after the other as we head toward the November elections. All the stops have been pulled politically and it is do or die for many. I only bring this up because there is risk, but that risk could be to the upside as well as the downside.

    I remain bullish.


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  7. #7372

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    Default Re: coolhand's Account Talk

    Today, we saw the market start out weak, but reversed almost immediately. That reversal biased higher the rest of the day with price closing near its high of the day on the S&P.

    So, we can see the resilience of this market remains intact. The closing price still fell short of last week's high, but it would not take much more upside to test it. I am of the opinion that higher prices are very likely.

    Cumulative breadth on the NYSE rose today and hit another high. TRIN and TRINQ are neutral.

    Today's reversal has me thinking a bottom may be in, but we'll let the market to the speaking. In any event, I remain bullish.

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  9. #7373

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    Default Re: coolhand's Account Talk

    Thanks coolhand, btw really appreciate the x22 video recommendation... learning a lot. 73!

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

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  11. #7374

    Default Re: coolhand's Account Talk

    Quote Originally Posted by tom4jean View Post
    Thanks coolhand, btw really appreciate the x22 video recommendation... learning a lot. 73!

    Sent from my Pixel 2 XL using Tapatalk
    ??? Care to share?

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  13. #7375

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    Default Re: coolhand's Account Talk

    Quote Originally Posted by blueroadster View Post
    ??? Care to share?
    X22Report YouTube channel, coolhand watches and in the past has recommend it.

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

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  15. #7376

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    Default Re: coolhand's Account Talk

    Quote Originally Posted by tom4jean View Post
    X22Report YouTube channel, coolhand watches and in the past has recommend it.

    Sent from my Pixel 2 XL using Tapatalk
    Here is 2 more excellent sources for news. Both are Christian. Glory be to God!

    https://justinformednews.com/

    https://www.youtube.com/user/gunnytorres

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  17. #7377

    Default Re: coolhand's Account Talk

    The far right q stuff and Trump patriot stuff has nothing to do with the gospel of Jesus Christ summarized in John 3:16 "For God so loved the world that He gave His only begotten Son so that whosover believes in Him should not perish but have eternal life." The gospel is about Jesus not far right or far left or far out political nonsensical personality cult worship. I see nothing in the bible about yoking yourself to a political cult personality or political cult theory.

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  19. #7378

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    Default Re: coolhand's Account Talk

    Quote Originally Posted by Happy_Trails View Post
    The far right q stuff and Trump patriot stuff has nothing to do with the gospel of Jesus Christ summarized in John 3:16 "For God so loved the world that He gave His only begotten Son so that whosover believes in Him should not perish but have eternal life." The gospel is about Jesus not far right or far left or far out political nonsensical personality cult worship. I see nothing in the bible about yoking yourself to a political cult personality or political cult theory.

    You need to take in the whole counsel of God and not just select passages. I am neither right nor left. I am a follower of Jesus Christ. We are all being fed lies and have been since we were born. Seek the truth in all things.

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  21. #7379

    Default Re: coolhand's Account Talk

    The whole council of God can be found in the bible. I have no need to seek out the council of a q anon website for truth. John 8:31-32: So Jesus was saying to those Jews who had believed Him, "If you continue in My word, then you are truly disciples of mine; and you will know the truth, and the truth will make you free."

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  23. #7380

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    Default Re: coolhand's Account Talk

    There has been a war raging on this planet for millennia. That war continues to this day. Satan is the ruler of this world. But God is in control of all things, even on the planet Earth. If Satan is and has been seeking to destroy God's creation, then it should be recognized that God is not sitting back as a spectator. He intervenes when he chooses and uses whom he will for his purposes. The Old Testament has plenty of examples of this.


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S&P500 (C Fund) (delayed)
coolhand's Account Talk
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