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Thread: coolhand's Account Talk

  1. #7873

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    Default Re: coolhand's Account Talk

    The bulls made a move today to push price past resistance at the 50 dma.

    S&P 500.png
    DWCPF.png

    The DWCPF is leading the SPX in this regard and it's a bullish move.

    NYAD.png

    Breadth rose and flipped positive.

    NAAIM was relatively unchanged and does remain modestly bearish.

    I was neutral heading into today and I'm going to maintain that neutral stance for now, but I'm encouraged by today's action.

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  3. #7874

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    Default Re: coolhand's Account Talk

    The bulls lost some ground on Friday, but they did close out the week with gains on C and S funds.

    S&P 500.png
    DWCPF.png

    Price closed back under the 50 dma on the S&P 500, but remained above that average on the DWCPF. This remains the battleground area for the time being.

    NYAD.png

    Breadth is positive and actually advanced on Friday. This is a good sign for the bulls even as the S&P struggles a bit.

    So, the charts are looking okay for the most part, but obviously the market is not out of the woods. NAAIM was modestly bearish late last week and until they start getting more bullish I think the market may continue to struggle. TSP Talk came in bullish. More so than I would have expected.

    Overall, the bulls are doing a good job of holding off the bears and have even been making headway in turning price back up. But as I said, the market is still not out of the woods.

    I remain neutral, but encouraged.

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  5. #7875

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    Default Re: coolhand's Account Talk

    The bulls started out the week with a big rally. The action was decisively bullish.

    S&P 500.png
    DWCPF.png

    Price on the S&P 500 closed above the 50 dma once again, but what is more bullish is price on the DWCPF, which soared and is not far from testing its all-time high. Also, price has been above the 50 dma for several trading days, which is bullish.

    NYAD.png

    Breadth, which was already bullish, shot higher and is looking very bullish.

    It's beginning to look obvious that this market may be stronger than it has appeared. Even the smart money has been caught (to some extent) on the wrong side of the market.

    I myself have been neutral of late, but have also acknowledged that there were bullish signs. I am now moving to a modestly bullish stance. I want to see the S&P 500 hold price above the 50 dma and I'd like to see price push past the previous high on the DWCPF. If today's rally was more than just a 1-day pop, this could be a big week for the bulls. We'll see how it goes.


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  7. #7876

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    Default Re: coolhand's Account Talk

    Yes, but, gaps, gaps?

    PO

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  9. #7877

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    Default Re: coolhand's Account Talk

    Quote Originally Posted by PessOptimist View Post
    Yes, but, gaps, gaps?

    PO
    I leave the deeper technical dives to the others on the board. I try to keep things in more general terms.

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  11. #7878

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    Default Re: coolhand's Account Talk

    OK coolhand. I do enjoy and value your posts.

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  13. #7879

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    Default Re: coolhand's Account Talk

    After daring to feel bullish yesterday the market reminded me that it's not one-sided (I already knew that).

    S&P 500.png
    DWCPF.png

    Once again, it's the S&P 500 that is struggling the most as price closed just under the 50 dma once again. But price on the DWCPF held up much better and that index continues to lead of late. It's hard to get bearish on the action as a total given the disparity.

    NYAD.png

    Breadth dipped, but remains solidly bullish.

    This is an interesting market right now where small caps are leading large caps despite the economic risks (perceived or real).

    I am going to remain modestly bullish taking my cues from the DWCPF for now.

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  15. #7880

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    Default Re: coolhand's Account Talk

    The market is back up this morning. Let's hope we don't get a late afternoon tweet to make it tank like yesterday.
    May the force be with us.

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  17. #7881

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    Default Re: coolhand's Account Talk

    I'm out, its supposed to tank!
    50% S, 50% C 06 Mar, was 100% G; 80% S 20% C COB 08 Jan '24; 100% G COB 14 Nov; was 100% C COB 31 Oct (Boo!); was 100% G COB 12 Oct; was 50% C, 50% S COB 22 Jun; Life is good!

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  19. #7882

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    Default Re: coolhand's Account Talk

    Quote Originally Posted by Whipsaw View Post
    I'm out, its supposed to tank!
    What?!?

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  21. #7883

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    Default Re: coolhand's Account Talk

    Price on the S&P 500 reversed yesterday's losses and closed at another high for this up-leg. It's in an area of resistance, but given the DWCPF just hit an all-time high I suspect the S&P 500 will find a way to push past this resistance.

    S&P 500.png
    DWCPF.png

    Maybe the market doesn't exactly feel bullish, but these charts (especially the DWCPF) say that it really is on the bullish side to this point. The all-time high achieved by the DWCPF is hard to argue with. Perhaps it the wall of worry keeping the market on an upward track.

    NYAD.png

    Breadth is hard to argue with too and we can see that it is stretching to the upside.

    NAAIM reports tomorrow and it will very interesting to see how they are now positioned given they were leaning bearish late last week.

    I am moving from modestly bullish to bullish.

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  23. #7884

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    Default Re: coolhand's Account Talk

    I like the bullish feel the markets have especially for an even year October, but I'm still nervous about the gaps.
    May the force be with us.


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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
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BND (F Fund) (delayed)
coolhand's Account Talk
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Yahoo Finance Realtime TSP Fund Tracking Index Quotes