Page 645 of 704 FirstFirst ... 145545595635643644645646647655695 ... LastLast
Results 7,729 to 7,740 of 8437

Thread: coolhand's Account Talk

  1. #7729

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

    Default Re: coolhand's Account Talk

    The market picked up this week where it left off last week, with more gains.

    S&P 500.png
    DWCPF.png

    Price is moving swiftly to the upside as the 200 dma fades into the distance on both charts. Volume remains heavy and momentum continued to build steam to the upside.

    NYAD.png

    It's not often we see such a dramatic move in breadth on the NYSE. This chart says it all and it remains seriously bullish.

    While a pullback could come at any time, it isn't wise to step in front of a moving train (that's picking up steam).

    I remain bullish.

  2.  
  3. #7730

    Default Re: coolhand's Account Talk

    This is a Spectacular run up. Never seen anything like this! Wow!
    Don't take my comments as trading advice /IFT: 2-13-24=100G/https://www.theepochtimes.com/ & http://www.ewg.org/PermaCharts@p430#5159/strategy#4918p.410

  4.  
  5. #7731

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

    Default Re: coolhand's Account Talk

    The market pulled back today, which was needed after the past week's worth of gains.

    S&P 500.png
    DWCPF.png

    The charts remain quite bullish, of course.

    Breadth dipped, but also remains very bullish.

    I remain bullish.


  6.  
  7. #7732

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

    Default Re: coolhand's Account Talk

    Stocks continued to consolidate today as prices tumbled.

    S&P 500.png
    DWCPF.png

    The S&P hasn't lost much, while the DWCPF has fared a bit worse, but that is not unusual for small-mid caps. I suspect that price may continue to consolidate, which could mean a price range for a time once a bottom has been made, followed by a resumption of the march to higher prices.

    NYAD.png

    Breadth is also falling back, but it does remain bullish.

    NAAIM reports tomorrow. I remain bullish.

  8.  
  9. #7733

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

    Default Re: coolhand's Account Talk

    The bears have ambushed the bulls and the 200 dma is now being tested on the S&P.

    NAAIM came in less bullish, but still bullish. This reading suggests the uptrend remains in place, but weaker bulls will get tested.

  10.  
  11. #7734

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

    Default Re: coolhand's Account Talk

    Yesterday, I called recent selling pressure consolidation. Today, I'm calling it an attack (by the bears). The action was quite bearish.

    S&P 500.png
    DWCPF.png

    That huge gap down is reminiscent of how the big sell-off started back in late February, but this one is more pronounced. Price closed below the 200 dma (support) on both charts. Momentum is falling (quickly). Volume was high (not good).

    NYAD.png

    Breadth remains bullish (not today, but overall), but that's small consolidation given how fast it's fallen.

    I reported earlier today that NAAIM was less bullish, but they were still bullish overall as a group. My concern is that something may have changed that may influence the smart money and we won't know about it till next Thursday.

    I would not be so concerned except the action is suspicious. Like a switch was pulled (which is what I said at the start of February's deep decline).

    It's possible that since the 200 dma was broken, a lot of bulls may have jumped off the train. It could be a bear trap. Maybe. Futures are flat to modestly bullish right now, but a lot technical damage has been done and it may take a few more trading days to get a better idea of where the market is going. If the market doesn't firm up fairly quickly, we could see much lower prices.

    I was bullish largely because the smart money finally flipped bullish last week. And I am going to remain tentatively bullish for now, but this market has to convince me (soon) that there really is a floor under it.

  12.  
  13. #7735

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

    Default Re: coolhand's Account Talk

    The bulls got jumped by the bears last week and all 3 TSP stock funds were hammered as a result. It isn't normal market behavior, but then again when was the last time we saw normal?

    S&P 500.png
    DWCPF.png

    Support at the 200 dma on both charts was broken last Thursday, but the bulls bounced the market on Friday, though it was a volatile trading day. The bulls need to seize control soon or risk bigger losses.

    NYAD.png

    Breadth bounced as well and remains bullish, but under attack.

    So, NAAIM was less bullish last Thursday, but they were still bullish as a group. Thursday's decline puts their bullishness into question, but we only get 1 sentiment reading a week. Keep in mind that they got bullish when the 200 dma was claimed by the bulls. Now that same average is being challenged, so I suspect NAAIM may be neutral right now, but that's an educated guess.

    I am going to a neutral stance on stocks until I can see whether the 200 dma does in fact provide support. This may be an interesting week.

  14.  
  15. #7736

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

    Default Re: coolhand's Account Talk

    Wow, keep your head down because the "bullets" are flying. The war between the bulls and bears continued today, with the bears drawing first blood, but the bulls fought back to bring price back into positive territory in late afternoon trade.

    S&P 500.png
    DWCPF.png

    So far, the bulls appear to be winning the battle over support at the 200 dma to this point, but the tug-of-war may not be over.

    NYAD.png

    Breadth ticked higher today and remains bullish.

    I am remaining neutral given the volatile nature of trading at the moment, but I suspect the bulls will prevail eventually. That's just a hunch, but it's based on my perspective formed from sources outside financial circles.

  16.  
  17. #7737

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

    Default Re: coolhand's Account Talk

    We got another volatile session today, but this time the bulls took immediate control to the upside and bears tried to bring it back down. Of course, the bulls won the battle with some decent gains on the day.

    S&P 500.png
    DWCPF.png

    We can see that about half the losses have been retraced and perhaps a bit more than that.

    NYAD.png

    Breadth continues to rise and remains bullish.

    So far, the 200 dma has held and the highs are not far off. I am looking for a continued bias higher, but the bears might have other ideas in the short term.

    I am now neutral to modestly bullish.

  18.  
  19. #7738

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

    Default Re: Smart Money Gets Bullish

    Another somewhat volatile day and this time the bears won the battle. Losses were limited, however. Still, we can see that both sides continue to fight for control of price direction, but the bulls have been the winner over time.

    S&P 500.png
    DWCPF.png

    Volume was lower than average. We still need to watch that 200 dma.

    NYAD.png

    Breadth pulled back, but remains bullish.

    NAAIM reports tomorrow. That will help shape our perspective for another few days. I remain neutral to modestly bullish.

  20.  
  21. #7739

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

    Default Re: Smart Money Gets Bullish

    The tug-of-war continued (no surprise) today as the S&P 500 and Wilshire closed near the neutral line.

    S&P 500.png
    DWCPF.png

    The charts remain bullish overall despite the volatilty.

    NYAD.png

    Breadth dipped, but remains bullish.

    NAAIM got more bullish this week. I suspect that when the 200 dma held, they saw that as proof that the bulls had control. There is not much shorting going on with this group. So, they are solidly bullish.

    I am moving from neutral to modestly bullish to just plain bullish.

  22.  
  23. #7740

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

    Default Re: Smart Money Gets Bullish

    The market posted pretty decent gains last week, but it wasn't obvious early on how the week would go as the 200 dma was being attacked from the previous week. To this point, the bulls have so far defended that key average. Will it hold? Well, NAAIM came in pretty bullish and that's about as strong an indicator as I can point to. Keep in mind that the smart money does not have a crystal ball, but they do have contacts and info that we generally do not. That's part of what makes them smart money.

    S&P 500.png
    DWCPF.png

    Price is holding up fairly well since the 200 dma test. I don't think the bears are going to go away, but they are not in control. However, volatility may remain with us for a time.

    NYAD.png

    Breadth is still positive, but it is not marching higher at the moment.

    TSP Talk sentiment came in bullish, which aligns with the bullish NAAIM reading.

    I am bullish as we head into the new week.


  24.  
Page 645 of 704 FirstFirst ... 145545595635643644645646647655695 ... 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