coolhand's Account Talk

[coolhand]

Here's a quick synopsis of what I see for tomorrow. Wednesday's action was up and down after Tuesday's drop. That means the selling may not be over, but I continue to believe that any selling will be contained and likely a buy. I sold my TZA position on Tuesday and bought TNA. I may buy more TNA on Thursday. SPXL would work too. The options are neutral. Breadth is positive. My intermediate term system remain near a buy, but TRIN remains the lone sell signal. I think the risk is to the upside in the intermediate term.

 

[coolhand]

Price resilience remains an obstacle for the bears. Breadth is still pretty positive, though a bit flat in the short term. NAAIM remains bullish. The options are neutral for Friday. Banks are falling off a cliff. My price targets for TNA did not get hit today, so no orders were filled.

I'm still looking for another push to the upside, but I am not sure when it might happen.

 

[coolhand]

Got back home from St. Augustine around 6:30 this morning. Very few gas stations have gas in Florida. Northbound 95 was stop and go in many places, even at 4:30 in the morning. We're going to ride it out. It's likely going to be a cat 3 when it arrives; maybe a strong 2. Can't be sure where the eye will be as most models have the storm running through the center of the state. It appears some models are starting to lean more to the west side of the state, but we'll see. I could be without power for at least a few days.

 

[nnuut]

The Best to you and your family, I have rode out more than one HC, Hugo was an eye opener. Prepare!

 

[nasa1974]

Good luck CH. Sandy got us here on the north coast not sure what will happen with Irma.

 

[Scout333]

Cool if expecting power outages more than 24 hours might want to consider dry ice for any freezer(s) you may have to protect food stuffs. Can be very costly loss of foods. We were without power 11 days during Frederick. Almost lost a half of a beef, 100 lbs of seafood, and a lot of butterbeans, etc, The dry ice saved over half of it. My family and neighbors ate the rest! Best of luck to you!

 

[coolhand]

Cool if expecting power outages more than 24 hours might want to consider dry ice for any freezer(s) you may have to protect food stuffs. Can be very costly loss of foods. We were without power 11 days during Frederick. Almost lost a half of a beef, 100 lbs of seafood, and a lot of butterbeans, etc, The dry ice saved over half of it. My family and neighbors ate the rest! Best of luck to you!

I have 3000 watts of daily power from my solar roof panels and a portable 1250W solar generator as well. My hot water is completely solar. I have a ton of other stuff too. I've been prepping for the zombie apocalypse for a long time now.

 

[ravensfan]

I have 3000 watts of daily power from my solar roof panels and a portable 1250W solar generator as well. My hot water is completely solar. I have a ton of other stuff too. I've been prepping for the zombie apocalypse for a long time now.

Solar generator is good, don't need to worry about fuel. If you lose power for any length of time, power to fridge and sump pump are top priorities. Also you may consider filling the tub with water to use to flush the toilet. I live on the Eastern Shore of Maryland and have had more than my fair share of hurricanes. Take care and good luck!!!

 

[Scout333]

I have 3000 watts of daily power from my solar roof panels and a portable 1250W solar generator as well. My hot water is completely solar. I have a ton of other stuff too. I've been prepping for the zombie apocalypse for a long time now.

Good for you! Always good to be prepared!

 

[blueroadster]

I have 3000 watts of daily power from my solar roof panels and a portable 1250W solar generator as well. My hot water is completely solar. I have a ton of other stuff too. I've been prepping for the zombie apocalypse for a long time now.

What kind of solar generator do you have. Never realized they could make that many watts and still be portable.

 

[coolhand]

What kind of solar generator do you have. Never realized they could make that many watts and still be portable.

I have a Goal Zero Yeti 1250. There are others now on the market that supposedly can produce more power, but the yeti was more professional looking. They aren't cheap, but they are trusted by Mt. Everest climbers.

 

[DreamboatAnnie]

Best wishes to you CH!! Sounds like you are well prepared.

 

[coolhand]

Last week, I said I was leaning bearish, but not looking for a deep decline. Mostly, I noted the indicators were mixed, but that the recent rally may give up some of its gains. NAAIM was still technically bullish at the time, but showing signs of caution. Still, that caution only meant that some in this group were raising cash and not going short. For the week, the C and S funds were down 0.58% and 1.12% respectively. That's about what I would have expected.



We can see that the S&P 500 fell from its peak the previous Friday, but that price remained above the 50 dma (Tuesday saw a successful test of that key average).



The DWCPF was not able to hold its 50 dma, though it remains not far from it (bull flag?).

The TSP Talk sentiment results were unchanged at the end of the week. NAAIM got a bit more bullish than the week prior. The options look bullish for Monday.

Breadth remains bullish as does liquidity. My intermediate term system is still stubbornly negative. I note that TRIN/TRINQ are leaning bullish for Monday.

I suspect that the selling pressure we saw last week simply worked off an overbought condition. That means this market may be poised for more upside action soon. I am looking higher for next week.

 

[coolhand]

Well, Irma caused no damage to my home, but I've been without power for about 36 hours till about an hour ago. Had problems with my solar system not providing power (limited) as a result of a grid failure. Need to call the install company about that.



Fresh all-time highs on the S&P 500! No overhead resistance.



The DWCPF hit a higher high, which was expected.

The options look neutral for Wednesday. Breadth looks real bullish. My intermediate term system is still negative (TRINQ). Liquidity is high and banks are in rally mode after plunging in recent weeks.

As you may recall, I was trying to buy another lot of TNA last week, but my buy levels were not hit, so I'm suffering with only about a 60% long position. :smile:

I don't think this market has topped (short-term) yet, so I'm going to hold my long position for now.

 

[Bquat]

Maybe you were supplying your power to your neighbors because of an open grid. It may have been traveling through the lines where they buy back your extra power. Was your meter running backwards?;swear

 

[coolhand]

No, I have two breakers (split system) and a main switch that break the connection between my panels and the grid. My inverters have a special feature that allows me to tap into 3K Watts of power per day in the event of grid failure. They are Sunny Boy inverters. I think I have the 3800 TL model. It won't power up much, but I can keep my frig and freezer going and perhaps charge my laptop as well.

 

[nasa1974]

No, I have two breakers (split system) and a main switch that break the connection between my panels and the grid. My inverters have a special feature that allows me to tap into 3K Watts of power per day in the event of grid failure. They are Sunny Boy inverters. I think I have the 3800 TL model. It won't power up much, but I can keep my frig and freezer going and perhaps charge my laptop as well.

It sounds like they are making progress on better batteries. I was looking to have a 5.83kW system installed on my house but I had to make a choice between solar panels and getting my basement waterproofed. Hoping for the solar panels in the near future.

 

[coolhand]

Sold my TNA position late in the morning for a nifty profit. Did not like the flat trading in the other indexes and felt that small caps may follow eventually. That doesn't necessarily mean a top is in, but I am okay taking profits and waiting for the next set-up.

 

[coolhand]

The market wasn't particularly inspiring today, although small caps did well enough.



The S&P 500 eked out a fresh high. RSI leveled off.



The DWCPF managed a very modest gain. Momentum is still rising, but RSI went flat.

The options look neutral to modestly bearish for Thursday. Breadth is very bullish, but looking a bit toppy. The market may not have topped, but it largely paused today, so it may be time to bank some gains (I sold TNA today). NAAIM reports tomorrow.

 

[burrocrat]

I've been prepping for the zombie apocalypse for a long time now.

ha! i knew there was a reason i liked you!

i've been prepping for some time now myself too, although a bit more of a lackadaisical approach. mostly just stackin lead, copper, silver, and gold. and making friends with local mormons. did you know every good mormon has a 2-year supply of food and water? my thinking is a) when the rapture hits and they get taken up to heaven then they won't need that stuff anymore, and b) if not then i will just convert - lord save my soul - plus i have other skills that might come in handy during the apocalypse and that is how i'm gonna pay for my supper. plan c) is to drive full tilt for leather to utah get the hell out of my way because i know how that place operates and it is full of good people. i'm a practical man.