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coolhand's Account Talk
- Thread starter coolhand
- Start date
coolhand
Well-known member
The bears hopes of turning the market hit a snag today as the bulls sent price(s) to fresh highs on this rally. Is it really a surprise given smart money is bullish?
Yesterday's pullback was simply that; a pullback. There is still no evidence that anything has changed. The charts are bullish, period. But I don't want to ignore potential resistance at the February peak, which is drawing closer.
Nothing wrong with this chart either. It hit another high and remains solidly bullish.
Need I say what my sentiment is?
NAAIM reports tomorrow. See you then.
Yesterday's pullback was simply that; a pullback. There is still no evidence that anything has changed. The charts are bullish, period. But I don't want to ignore potential resistance at the February peak, which is drawing closer.
Nothing wrong with this chart either. It hit another high and remains solidly bullish.
Need I say what my sentiment is?
NAAIM reports tomorrow. See you then.
coolhand
Well-known member
After 7 consecutive "up" days for the S&P, the market finally pulled back. It was due.
A moderate pullback is obviously healthy for the market and does virtually nothing to hurt the technical indicators.
Breadth dipped a bit, but remains bullish.
Futures are up early this evening, so maybe the bulls bounce back tomorrow. In any event, I see no reason to pull in my horns, so I remain bullish.
A moderate pullback is obviously healthy for the market and does virtually nothing to hurt the technical indicators.
Breadth dipped a bit, but remains bullish.
Futures are up early this evening, so maybe the bulls bounce back tomorrow. In any event, I see no reason to pull in my horns, so I remain bullish.
coolhand
Well-known member
The S&P has now risen 7 trading days in a row.
I've added a couple of months to the charts so we can keep an eye on the February peak. We can see that the market has actually closed in on that peak quickly in the past few trading sessions. So potential resistance looms; though I believe (at this time) that assuming price tests it, it will eventually push past that peak. We may only be days away or it could be somewhat longer.
Breadth hit another high and remains bullish.
No change in my sentiment. I'm still bullish.
I've added a couple of months to the charts so we can keep an eye on the February peak. We can see that the market has actually closed in on that peak quickly in the past few trading sessions. So potential resistance looms; though I believe (at this time) that assuming price tests it, it will eventually push past that peak. We may only be days away or it could be somewhat longer.
Breadth hit another high and remains bullish.
No change in my sentiment. I'm still bullish.
coolhand
Well-known member
I would say it dovetails with many other indicators (breadth, etc.) While we can always find both bullish and bearish indicators at any given time, the trend is still up and we have smart money staying long.
tom4jean
Member
What do you think of the golden cross in the Dow a couple days ago? Surprised I haven't seen any chatter about it on the forums.
https://www.google.com/amp/s/www.ma...is-forming-in-the-dow-industrials-11596740412
Sent from my Pixel 2 XL using Tapatalk
https://www.google.com/amp/s/www.ma...is-forming-in-the-dow-industrials-11596740412
Sent from my Pixel 2 XL using Tapatalk
coolhand
Well-known member
Re: Smart Money Gets Bullish
The bulls posted significant gains last week.
We can see that price is slowly rising along with the 50 and 200 day moving averages. The long term trend is up.
Breadth hit a fresh high on Friday and remains bullish.
We are heading into a new week with the smart money still bullish after last Thursday's latest sentiment reading. TSP Talk remains bullish, but I noted some shifted to a more neutral stance.
After last week's gains, it would not be a surprise if the market sees some degree of a pullback soon. But the trend does remain up and the smart money is in the bullish camp. I remain bullish.
The bulls posted significant gains last week.
We can see that price is slowly rising along with the 50 and 200 day moving averages. The long term trend is up.
Breadth hit a fresh high on Friday and remains bullish.
We are heading into a new week with the smart money still bullish after last Thursday's latest sentiment reading. TSP Talk remains bullish, but I noted some shifted to a more neutral stance.
After last week's gains, it would not be a surprise if the market sees some degree of a pullback soon. But the trend does remain up and the smart money is in the bullish camp. I remain bullish.
coolhand
Well-known member
Re: Smart Money Gets Bullish
We got a mixed day of action today as the S&P 500 made it 5 up days in a row, but the DWCPF closed modestly lower.
The charts remain decidedly bullish. RSI is getting close to overbought, but that's not a big concern with the smart money being bullish.
Breadth dipped just a bit and remains bullish.
NAAIM was relatively unchanged today and remains solidly bullish.
I don't mention precious metals often, but I follow them closely and they are on tear; especially silver. I am convinced that that train is just getting started too.
I remain bullish.
We got a mixed day of action today as the S&P 500 made it 5 up days in a row, but the DWCPF closed modestly lower.
The charts remain decidedly bullish. RSI is getting close to overbought, but that's not a big concern with the smart money being bullish.
Breadth dipped just a bit and remains bullish.
NAAIM was relatively unchanged today and remains solidly bullish.
I don't mention precious metals often, but I follow them closely and they are on tear; especially silver. I am convinced that that train is just getting started too.
I remain bullish.
coolhand
Well-known member
Re: Smart Money Gets Bullish
The bulls continued their win streak today (4 in a row).
The sideways action we experienced not long ago is fading away as price continued to post fresh highs on the current uptrend.
Breadth continues to look very good.
NAAIM report tomorrow.
I remain bullish.
The bulls continued their win streak today (4 in a row).
The sideways action we experienced not long ago is fading away as price continued to post fresh highs on the current uptrend.
Breadth continues to look very good.
NAAIM report tomorrow.
I remain bullish.
weatherweenie
Well-known member
Here.
uscfanhawaii
Active member
That's exactly what the FRTIB is trying to prevent.
How many people still around who got ”THE LETTER” from FRTIB ?? :ban:
coolhand
Well-known member
We got more up/down action today, but the bulls closed out the session near or at the high of day.
Price posted fresh highs again. For reference, the peak on the S&P is still about 100 points higher.
Breadth hit a fresh high as well and remains bullish.
I remain bullish.
Price posted fresh highs again. For reference, the peak on the S&P is still about 100 points higher.
Breadth hit a fresh high as well and remains bullish.
I remain bullish.
Cactus
Well-known member
That's exactly what the FRTIB is trying to prevent.
DreamboatAnnie
Well-known member
Hi Flalaw97, I love reading this TradingSim site as it contains tons of info. You can click on lessons 3, 5 and 8 for Moving Averages under Technical Overlays. But there is so much more...if you click at top on Technical Analysis, you will see a whole other realm! :smile: It can be a bit overwhelming to see this much stuff. But you can bookmark it and read when you like. This site is one of my favorite resources. Best Wishes! 
.
https://tradingsim.com/blog/category/technical-analysis/overlay-indicators/.
Also, love Stockcharts.com Chart School.
https://school.stockcharts.com/doku.php
. https://tradingsim.com/blog/category/technical-analysis/overlay-indicators/.
Also, love Stockcharts.com Chart School.
https://school.stockcharts.com/doku.php
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coolhand
Well-known member
The bulls came out swinging today, as price gapped higher and stayed elevated throughout the trading day.
The charts are sporting fresh highs on a bit more volume.
Breadth remains bullish.
It hasn't been a rocket ride, but NAAIM's bullishness has been correct as far as the market is concerned.
I remain bullish.
The charts are sporting fresh highs on a bit more volume.
Breadth remains bullish.
It hasn't been a rocket ride, but NAAIM's bullishness has been correct as far as the market is concerned.
I remain bullish.
coolhand
Well-known member
The lines are just points of reference. The 50 and 200 day moving averages are among the most common. They can be either support or resistance depending on whether price is above or below them. It helps determine the trend as well. Other averages can also be used depending on what time frame a trader is interested in. TSP does not lend itself to short term trading (generally speaking), which is why I use the longer averages.
