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Thread: coolhand's Account Talk

  1. #7213

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    Default Re: coolhand's Account Talk

    I'd like to thank DreamboatAnnie for posting the S&P 500 and DWCPF chart links in her account thread for me to access. It sure helps to have some navigation tools I'm familiar with.

    The main thing about the charts I'd like to point out this evening, is that price on the DWCPF closed at its 50 dma. It did not make any serious attempt to push past it (yet), but at least it tagged that key average. We'll have to see if it can jump the creek now.

    Cumulative breadth on the NYSE is still rising (bullish).

    The OEX is neutral this evening as is the CBOE. No help there.

    Not all that much has changed with today's action. I've been giving the bulls the nod since they have breadth in their favor and no one is actually bearish. The neutral sentiment may actually be helping the bulls as many do not seem to have strong expectations either way. So the wall of worry does seem to be in play.

    I remain modestly bullish, but we need to see the DWCPF clear that 50 dma.

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  3. #7214

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    Default Re: coolhand's Account Talk

    Your Welcome CH!
    Hope you don't mind me putting the links in your thread for ease of reference. Thanks again for you Awesome commentary!!!!!!

    CURRENT: 9/12/18=G20, S35, C35, I-10 PRIOR: 8-29-19=S15%-G85% / 8-28-19 =G50%-S30%-C15%- i5% /7-18-19 G25%-F75%S / Chart Links=Page 215, #2575 & 2576

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  5. #7215

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    Default Re: coolhand's Account Talk

    Yesterday, I said the following:

    "I've been giving the bulls the nod since they have breadth in their favor and no one is actually bearish. The neutral sentiment may actually be helping the bulls as many do not seem to have strong expectations either way. So the wall of worry does seem to be in play."

    Indeed. Today's action was lopsided in the bulls favor. Price on the DWCPF shot well past resistance at the 50 dma. The market closed pretty much at their highs of the day. That's decidedly bullish. Breadth, which was already bullish, is looking even more so. It's possible this move has legs. Does the S&P 500 test its previous highs? It might. We'll have to see.

    This evening, the OEX is bearish, while the CBOE is bullish. That's not much help as they offset. Having said that, a pullback makes sense after today's shot to the upside. And it would be healthy if we get it.

    The bulls remain in charge. NAAIM reports tomorrow.

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  7. #7216

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    Default Re: coolhand's Account Talk

    Thank you for your continued insight coolhand!

    Sent from my SM-N950U using Tapatalk

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  9. Default Re: coolhand's Account Talk

    Aaahh my daily tonic..keep coming back. Aloha

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  11. #7218

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    Default Re: coolhand's Account Talk

    Not much changed today as far the indicators and sentiment go. The S&P tacked on more gains, while the DWCPF remained flat. The options are neutral again, but NAAIM came in more bullish. Not as bullish as they were months ago, but they are not indicating anything serious as far as the downside goes. In other words, I think we continue to melt up, pullbacks notwithstanding.


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  13. #7219

    Default Re: coolhand's Account Talk

    Agreed..half my chips go in the pot COB.

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SPY (C Fund) (delayed)
coolhand's Account Talk
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DWCPF (S Fund) (delayed)
coolhand's Account Talk
(Stockcharts.com Real-time)
EFA (I Fund) (delayed)
coolhand's Account Talk
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AGG (F Fund) (delayed)
coolhand's Account Talk
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