Page 678 of 681 FirstFirst ... 178578628668676677678679680 ... LastLast
Results 8,125 to 8,136 of 8163

Thread: coolhand's Account Talk

  1. #8125

    Join Date
    Oct 2004
    Location
    Orlando, FL
    Posts
    6,618
    Blog Entries
    1201

    Default Re: coolhand's Account Talk

    The week has begun with an impressive rally in the S&P. The DWCPF moved higher as well, but the action was much less impressive.

    SPX.png
    DWCPF.png

    Price on the DWCPF gapped fairly high at the open and was immediately met with significant selling pressure that took it back to neutral and even negative territory for a short while. The S&P was a much different story as price gapped at the open and rose higher for about 3 hours before going sideways; but it kept its gains. The S&P chart is certainly bullish at this point, but the DWCPF remains more questionable as to whether it will rejoin the S&P at fresh highs.

    NYAD.png

    Cumulative breadth rose and remains bullish.

    I am going from modestly bullish on the S&P to bullish, but will remain neutral on the DWCPF.

  2.  
  3. #8126

    Join Date
    Oct 2004
    Location
    Orlando, FL
    Posts
    6,618
    Blog Entries
    1201

    Default Re: coolhand's Account Talk

    It was a relatively quiet day today with price staying in a somewhat limited range.

    SPX.png
    DWCPF.png

    Price closed modestly lower on the S&P today and moderately higher on the DWCPF. Volume was lower than average, but not by a lot. Momentum continues to rise on both charts, but especially so on the S&P. So, the S&P remains decided bullish. I did not mention it yesterday, but don't forget the lower high on the DWCPF from about a month ago. I don't draw lines anymore, but you can visualize about where it runs. That's resistance and it's not far overhead.

    NYAD.png

    Cumulative remains bullish.

    So, nothing has changed. While the DWCPF is showing signs of life, until breaks out to the upside there is a chance the current attempt to rally higher will form another lower high. We may be close to that now. The S&P has not such problem and is hitting fresh all-time highs.

    I remain bullish on the S&P, but neutral on the DWCPF.

  4.  
  5. #8127

    Join Date
    Oct 2004
    Location
    Orlando, FL
    Posts
    6,618
    Blog Entries
    1201

    Default Re: coolhand's Account Talk

    The general trend continued today as the S&P rose modestly while the DWCPF was thrown for a moderate loss.

    SPX.png
    DWCPF.png

    Price on the S&P has traded not far North of 4080 for 3 days now, so there does seem to be some resistance in this area. It may be near time for a pullback in this index. Price on the DWCPF may have peaked for another lower higher, but price also closed on the 50 dma, which may (or may not) provide support. We'll have to see, but I am not particularly optimistic about it holding.

    NYAD.png

    Breadth dipped, but remains bullish.

    NAAIM reports tomorrow. I remain bullish on the S&P and neutral on the DWCPF.


  6.  
  7. #8128

    Join Date
    Oct 2004
    Location
    Orlando, FL
    Posts
    6,618
    Blog Entries
    1201

    Default Re: coolhand's Account Talk

    NAAIM has taken a decidedly bullish turn. They are looking higher now.

  8.  
  9. #8129

    Join Date
    Oct 2004
    Location
    Orlando, FL
    Posts
    6,618
    Blog Entries
    1201

    Default Re: coolhand's Account Talk

    The bulls pushed price higher today, this time on both charts.

    SPX.png
    DWCPF.png

    The S&P is hitting is hitting fresh all-time highs. By comparison, the DWCPF is trying not the break support. It still looks shaky despite the gain.

    NYAD.png

    Cumulative breadth rose and remains bullish.

    NAAIM came in bullish today. It's a solid reading, but not as bullish as readings we've seen in the past. Keep in mind that while they are collectively bullish, we don't know what they are trading, so with the disparity between small caps and large caps the sentiment may or may not be even. This is why I have been differentiating my own sentiment between the 2 indexes.

    I remain bullish on the S&P and neutral on the DWCPF.

  10.  
  11. #8130

    Join Date
    Oct 2004
    Location
    Orlando, FL
    Posts
    6,618
    Blog Entries
    1201

    Default Re: coolhand's Account Talk

    The bulls capped a positive week with a rally into the final hour of Friday's trading as we headed into the weekend.

    SPX.png
    DWCPF.png

    The DWCPF has stalled just above its 50 dma, but price on the S&P continues to posted fresh all-time highs. That chart is quite bullish right now in comparison to the DWCPF, which is neutral.

    NYAD.png

    Cumulative breadth rose on Friday and remains bullish (at least for the S&P).

    The TSP Talk sentiment survey came in bulled up, which aligns with a bullish NAAIM reading from Thursday.

    It should be obvious by now that the S&P is the fund to be in (C Fund). At least at this time. Exposure to the DWCPF can still reap benefits, but we're just not seeing as much positive action as its large cap counterpart. That could change, but that's a big "if" right now. I suspect inflation fears may keep a cap on it.

    I remain bullish on the S&P and neutral on the DWCPF.

  12.  
  13. #8131

    Join Date
    Oct 2004
    Location
    Orlando, FL
    Posts
    6,618
    Blog Entries
    1201

    Default Re: coolhand's Account Talk

    The market spent the bulk of its day underwater on Monday, but the bulls managed to push price back around the neutral line by the close.

    SPX.png
    DWCPF.png

    The action changed nothing. It was just a sideways kind of day.

    NYAD.png

    Breadth dipped just slightly and remains bullish.

    I am keeping it short tonight. I remain bullish on the S&P and neutral on the DWCPF.

  14.  
  15. #8132

    Join Date
    Oct 2004
    Location
    Orlando, FL
    Posts
    6,618
    Blog Entries
    1201

    Default Re: coolhand's Account Talk

    It was a choppy morning session on Tuesday, but the afternoon session belonged to the bulls.

    SPX.png
    DWCPF.png

    The S&P continues its movement higher. The DWCPF gained as well, but it's still in no-man's land (neutral) with a modest bullish bias (overhead resistance).

    NYAD.png

    Breadth has almost stalled the past few trading days, but remains bullish. It's possible the market is getting ready for another turn back down, but we did have a bullish NAAIM reading, so I'm not convinced the upside is over (for the S&P anyway). Still, why is breadth stalling? Just something to watch.

    I remain bullish on the S&P and neutral on the DWCPF.

  16.  
  17. #8133

    Default Re: coolhand's Account Talk

    Coolhand - love your charts and insight. thank you.
    do you think the breadth is stalling because everyone is waiting to see the health of the financial picture drawn during this reporting period?

  18.  
  19. #8134

    Join Date
    Mar 2012
    Location
    Hampton Roads, VA
    Posts
    3,181

    Default Re: coolhand's Account Talk

    Possibly due to earnings season?
    Life is good!

  20.  
  21. #8135

    Join Date
    Oct 2004
    Location
    Orlando, FL
    Posts
    6,618
    Blog Entries
    1201

    Default Re: coolhand's Account Talk

    My guess is that breadth is stalling as a result of small caps going neutral to slightly bullish (which is probably driven by the specter of inflation). No doubt, there are other reasons, but that one is one of the more likely reasons imo.

  22.  
  23. #8136

    Join Date
    Oct 2004
    Location
    Orlando, FL
    Posts
    6,618
    Blog Entries
    1201

    Default Re: coolhand's Account Talk

    The bulls owned the morning session, but then the bears stepped in and took control in the afternoon. All in all the close was kinda neutral (mixed).

    SPX.png
    DWCPF.png

    Price didn't move far off the neutral line today. I do note that price on the DWCPF, which was moving higher fairly well in the morning session, fell apart in the afternoon. That does not bode well for small caps as price was rejected near the trend line from the 2 previous peaks.

    NYAD.png

    Breadth ticked higher and broke out of its sideways dance, but then again it's not exactly off to the races. It's still a bullish signal.

    NAAIM reports tomorrow.

    I remain bullish on the S&P and neutral on the DWCPF.


  24.  
Page 678 of 681 FirstFirst ... 178578628668676677678679680 ... 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
  •  
SPY (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