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Thread: coolhand's Account Talk

  1. #7321

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    Default Re: coolhand's Account Talk

    I've warned from time to time about the precarious nature of the global market. Here is a very recent Lynette Zang interview that should give you a better perspective of state of global financing.

    https://thephaser.com/2019/11/is-ano...-lynette-zang/

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  3. #7322

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    Default Re: coolhand's Account Talk

    Happy Thanksgiving Everyone!

    So far this week, the TSP stock funds are doing very well; especially the S fund. All are over 1% and the S fund is up almost 2.5%.

    I know the action is bullish, but I want to caution that things can go South in a hurry. I am not suggesting that such is imminent, I don't think it is, but it is all too easy to lose site of the fact that a rising market is not necessarily an indication of sound underlying fundamentals. Money printing can do wonders for optics. And in my previous post I took you to a link with a very recent interview with Lynette Zang, who is a very popular financial guru in some circles. That interview helps frame the reality of what is really going on.

    Let's get on to the current pulse of the market.

    The S&P and DWCPF are pulling away from their consolidation areas. Obviously, that is technically bullish. However, the indexes are getting overbought. That is just something to not, but I am not concerned with that as they can get a lot more overbought.

    The CBOE is neutral. TRIN and TRINQ are neutral. NAAIM came in mostly unchanged. They were bullish last week and remain so this week. The bears among them are not challenging this market (shorting) much. That's a good thing if you are long stocks. Cumulative breadth is bullish and rising.

    In summary, I am flabbergasted (as Lynette is) with how this market defies gravity, but I understand why it's happening. I cannot predict with precision how long this will go on, so everyone has to determine their personal comfort level with stock exposure. Gold and Silver are touted by many as good hedges (just saying).

    Technically, the market remains bullish and the latest NAAIM reading suggests that will not change in the immediate future.

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  5. #7323

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    Default Re: coolhand's Account Talk

    Happy Thanksgiving Coolhand and all my TSPTalk friends.

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  7. #7324

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    Default Re: coolhand's Account Talk

    Follow-up to the Lynette Zang video:

    https://www.sgtreport.com/2019/11/th...-backed-coups/

    Bob Kudla is another well-known trader. Great information. I should point out that Bob also discusses Bitcoin in this video.
    Last edited by coolhand; 11-29-2019 at 07:12 AM.

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  9. #7325

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    Default Re: coolhand's Account Talk

    Great 10 minute video that dovetails with my previous post regarding the financial system.

    https://forbiddenknowledgetv.net/how...d+Billionaires

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  11. #7326

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    Default Re: coolhand's Account Talk

    The TSP stock funds had a good week last week. Friday's action saw price dip, but that weakness did little to dent the bullish demeanor of this market.

    For Monday, the CBOE is neutral. TSP Talk came in quite bullish. NAAIM is bullish, but not over-the-top so.

    Breadth remains positive, but it did dip on Friday.

    I suspect this week may bring more of the same upside bias. The holidays are approaching, which means seasonality may help to contribute to the bull party at some point. That is not a lock however, as last year the holidays saw significant selling pressure. But that outcome not typical.

    I remain bullish, but not complacent.


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  13. #7327

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    Default Re: coolhand's Account Talk

    The market opened the week with a big red candlestick across the averages. It was due given the extent of the rally. But will weakness early in the month set up the Santa rally in the days ahead? It's possible.

    This evening, the CBOE is neutral. TRIN and TRINQ are neutral.

    NYAD.png

    Cumulative breadth has taken a good hit the past 2 trading days and has gone from an all-time peak to neutral as the signal crossed the first warning area today. However, the signal is at the lower end a range that spans about a month. Is the market losing steam or setting up the next extended rally? This does remain a bull market, and that means a lot.

    It doesn't hurt that NAAIM is bullish either.

    I remain bullish overall despite the potential for more weakness in the short term.

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  15. #7328

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    Default Re: coolhand's Account Talk

    The market picked up where it left off on Monday as price gapped lower at the open. The bulls got some traction in the afternoon session and managed to close well off the lows, but some technical damage was done. Generally, price bounced off support. Hopefully, it holds for the bulls.

    The CBOE is bearish this evening. Breadth fell lower and is close to going negative.

    At this point, we'll have to see if support holds. The bears may try to test it again in the days ahead; perhaps even tomorrow. Hopefully, this weakness dissipates by the middle of next week as we approach the strong holiday season. I am optimistic it may be a springboard to an end-of-year rally, though I am not predicting such.

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  17. #7329

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    Cool Re: coolhand's Account Talk

    Quote Originally Posted by coolhand View Post
    .... At this point, we'll have to see if support holds. The bears may try to test it again in the days ahead; perhaps even tomorrow. Hopefully, this weakness dissipates by the middle of next week as we approach the strong holiday season. I am optimistic it may be a springboard to an end-of-year rally, though I am not predicting such.
    Thank you (sir?) again for sharing keen thoughts, insights. Tsunami on his thread posted about waves; perhaps up now, then down, with another UP perhaps next Tuesday. I waded a bit more into CSI COB Monday leaving some in F and most in G, still. So, keeping some powder dry hoping both your hopes/thoughts come true in a week or so. Yet, wondering what a zero-trade deal and the other twit-tariffs could do on that 15-DEC deadline(?). Hope not for a repeat of last year where Market Santa needed a Rudolph or something. G'day!

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  19. #7330

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    Default Re: coolhand's Account Talk

    Quote Originally Posted by FAAM View Post
    Thank you (sir?) again for sharing keen thoughts, insights. Tsunami on his thread posted about waves; perhaps up now, then down, with another UP perhaps next Tuesday. I waded a bit more into CSI COB Monday leaving some in F and most in G, still. So, keeping some powder dry hoping both your hopes/thoughts come true in a week or so. Yet, wondering what a zero-trade deal and the other twit-tariffs could do on that 15-DEC deadline(?). Hope not for a repeat of last year where Market Santa needed a Rudolph or something. G'day!
    There are many news events coming over the next couple of months that a are very likely to drive the market (FISA, Brexit, Trade, Tariffs, etc.). Those are the ones that are known, but there will some that we won't see coming. These events are used for more than 1 purpose, but 1 of them is to drive the market for the purpose of optics; and optics drives public perception. The longer term trend remains a bull until proven otherwise. NAAIM is our friend and they're bullish.

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  21. #7331

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    Default Re: coolhand's Account Talk

    The bulls bounced the market today, retracing a portion of the previous 2 days of losses. At this point, it may be just an oversold bounce with another test of the lows on the horizon. I suspect we'll know in the next few trading days.

    This evening, the CBOE is bullish. TRIN and TRINQ are neutral. Breadth flipped back to positive, but the signal is near the center of a 5-week trading range, so I can't get too excited about it. However, this does remain a bull market and the most positive seasonality of the year is approaching. NAAIM being bullish doesn't hurt either.

    I remain longer term bullish.

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  23. #7332

    Default Re: coolhand's Account Talk

    Wow. I respect your opinion. But this is a fools market. In my opinion of course....
    Soon we shall see. I wish the best for all!
    Thanks again for your daily perspective. It is a valuable part of my research. I value your opinion.
    Live long and prosper!coolhand's Account Talk



    Sent from my moto z3 using TSP Talk Forums mobile app

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