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Thread: coolhand's Account Talk

  1. #7393

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    Default Re: coolhand's Account Talk

    Stand by, things look to get serious. See this preliminary story...

    https://beforeitsnews.com/blogging-c...d-2638608.html

    Here's another one...

    https://www.zerohedge.com/geopolitic...t-us-base-iraq

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  3. #7394

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    Default Re: coolhand's Account Talk

    Futures are plunging hard. This is why gold and silver are rising. The game may be changing, but it's too soon to be sure.

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  5. #7395

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    Default Re: coolhand's Account Talk

    I saw this article earlier. Looks like we may have been in motion prior the missile strike.

    https://www.zerohedge.com/geopolitic...loyment-decade

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  7. #7396

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    Default Re: coolhand's Account Talk

    Futures have retraced the bulk of initial losses. Precious metal has retraced some of its gains. Not surprising in this market. We can never be sure what to expect when events are occurring.

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  9. #7397

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    Default Re: coolhand's Account Talk

    So, futures are relatively flat now. Is a rally on tap? Would it be a surprise if we get one? NAAIM was bullish last week. Grab your popcorn.

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  11. #7398

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    Default Re: coolhand's Account Talk

    Quote Originally Posted by coolhand View Post
    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.
    I posted the above on Jan 4th. Note what I said about geopolitical events and how the market may turn higher on perceived bad news. Futures plunged last night and are now pointing to a moderately higher open. Perfect example of what I indicated might happen. It's very possible that the market takes off to the upside over the days ahead. Not a prediction, just a hunch.


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  13. #7399

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    Default Re: coolhand's Account Talk

    Off it goes!!

    Sent from my SM-N950U using Tapatalk

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  15. #7400

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    Default Re: coolhand's Account Talk

    Quote Originally Posted by MaStA View Post
    Off it goes!!

    Sent from my SM-N950U using Tapatalk
    Yup.

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  17. #7401

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    Default Re: coolhand's Account Talk

    How quickly things change. The bulls pulled victory out of the jaws of defeat so-to-speak.

    S&P 500.png

    We can see that the price on the S&P hit a fresh all-time intra-day high today, but closed below its peak when in the final half hour of trading some nervous traders likely trimmed their risk until they could reassess the situation. X22 has very good commentary on what happened the past 24 hours by-the-way.

    This evening, the CBOE is leaning bullish. TRIN and TRINQ are leaning bearish. Breadth hit a fresh high in its seemingly relentless drive higher.

    I think today's action showed us once more who is in control of this market. Or at least what direction is the most likely path. It is still up!

    I am more bullish now than I was before, but would not be surprised with some volatility in the near term until those with jitters fully settle down.

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  19. #7402

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    Default Re: coolhand's Account Talk

    And yet....how much do things stay the same?!

    It is still VERY early in 2020, but I find it interesting that buy-n-holders still command the top of the AutoTracker!
    #1: C Fund buy-n-holders
    #2: C/S mix buy-n-holders
    #3: S Fund buy-n-holders

    No prediction here....but buy-n-holders canít seem to do anything wrong.
    There are 10 types of people in the world. Those who know binary, and those that don't!!
    Retired on December 31, 2018!!

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  21. #7403

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    Default Re: coolhand's Account Talk

    Quote Originally Posted by uscfanhawaii View Post
    And yet....how much do things stay the same?!

    It is still VERY early in 2020, but I find it interesting that buy-n-holders still command the top of the AutoTracker!
    #1: C Fund buy-n-holders
    #2: C/S mix buy-n-holders
    #3: S Fund buy-n-holders

    No prediction here....but buy-n-holders canít seem to do anything wrong.
    On occasion, I have indicated in past posts that the game has changed. Control over the markets has shifted. That shift has the potential and even the likelihood to negatively impact traders. Past success with older trading methods and models may result in sub par performance. That is why I have stopped using some of my signals in a contrarian fashion. I could see the expected results of using signals in this manner were no longer working as they once did.

    My explanation is general in nature. There will still be some who achieve relative success using older trading models. But overall, I suspect that most will find it more challenging.

    The foundation of the markets is also extremely complex. Most of the trading activity is now done by computers using complex algorithms. Warehouses of them. Many are clustered near New York City in New Jersey. The human element in trading has been significantly reduced. I don't understand the full impact of this, but I do think it alters the playing field even more than it once did.

    I have also noted for some time now that NAAIM has been largely bullish for quite some time. They are not shifting between a bearish and bullish stance as much as they once did. That is telling.

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  23. #7404

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    Default Re: coolhand's Account Talk

    The beat continues, or should I say the beat down (for the bears). There aren't as many of them as there used to be. Most surveys I follow are darn bullish.

    New highs were hit on the charts today. And I see no technical or sentiment reason for that to change under the dynamics currently in play.

    The CBOE has not posted yet. NAAIM came in more bullish. The bears are mostly gone in that survey. This remains one of our primary cues to stay the course in stocks.

    Breadth hit another high and remains another solid data point for the bulls.

    I remain bullish.

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