coolhand's Account Talk

[DreamboatAnnie]

I am very sad to hear this CH! You have been a rock and I read your posts every day. But I am happy for you ...I hope you have a great time when you retire!
But it's still a little ways off, so will continue to enjoy your reading of the market, and learn from your posts.

 

[tsptalk]

I need to let you folks know sooner rather than later that I am not renewing my subscription to Stockcharts (I don't trade anymore). It expires sometime in August. I will also be leaving Federal Service later this year. At some point, I anticipate going largely silent on the board. Exactly when, I am not sure, but retirement is going to have me focused on other things. We'll see how it goes.

I don't accept your resignation.

Best of luck and thanks so much for the years of input you provided. :usa2:

 

[pmaloney]

Hope you don't go too silent. It's a real pleasure reading your posts. :smile:

 

[ravensfan]

Coolhand,

It saddens me to know that soon you will be going largely silent on the board. It is a rare gift that you are willing to share your opinions on the market for the betterment of all who care to read your posts and ask nothing in return. Your posts for me are standard reading each day and have proven to be a valuable tool in my decisions of when to enter and exit the market. As they say, "All good things must come to an end". You will be missed very much. But on a happy note, congratulations on your pending retirement from Federal Service. I wish you all the joy, peace and serenity retirement brings.

Thank you for all you have done and God Bless!

 

[Mcqlives]

Ditto to comments already given! My only request to add is that you don't fully disappear. I would hate to see you go the way of JTH, BT and many other (IMO) greats !

 

[Scout333]

Cool, we'll certainly miss you! Hope you enjoy your retirement! Your posts are always a must read and one of the first I read. Not everyone can explain charts where they actually make sense. Best of luck to you in your retirement!

 

[nasa1974]

Congratulations on your upcoming retirement. There are a few of us that can attest to its benefits.

I hope you don't totally disappear from here. The Matrix won't be the same.

 

[ToddB]

Cool thank you so much I echo everybody else’s feelings about the quality of your reports and for me it has been steady every day reading

I’ve learned a lot from your explanations and the way you pull data together and digest it has been a mainstay of my understanding of the market. Congratulations on your upcoming retirement and I hope you won’t be a stranger here!

Enjoy all the new things that this phase of your Life will bring you and good luck!!
Fair winds and following seas!
TB


Sent from my iPhone using Tapatalk

 

[dannyboy]

No change with my indicators either. The short term has been on the negative side, but technical damage has been light. This is consistent with the NAAIM reading I spoke about in my previous post. Longer term is still bullish.

I need to let you folks know sooner rather than later that I am not renewing my subscription to Stockcharts (I don't trade anymore). It expires sometime in August. I will also be leaving Federal Service later this year. At some point, I anticipate going largely silent on the board. Exactly when, I am not sure, but retirement is going to have me focused on other things. We'll see how it goes.

CH,
Thanks for all your insights and posts. I feel God had influenced you to pass on your expertise and knowledge to others? Please keep as close to the MB as possible? God Bless!

 

[Whipsaw]

CH, best of luck to you in retirement, may it be fulfilling, joyful and relaxing. Funny, your Neo avatar had me thinking you were a young dude! Thanks for all the great market thoughts and insights! Wishing you fair winds and following seas.

 

[nnuut]

Contrary to popular belief Life goes on after retirement, I should know I retired in 2010 and am still around doing the TSPTALK thing. I enjoy it, gives me something to do while STILL trying to MAKE MORE MONEY!! I Love IT!!

 

[milog]

Enjoy your retirement and thank you for all the great insight!


Sent from my iPhone using TSP Talk Forums

 

[Frixxxx]

I need to let you folks know sooner rather than later that I am not renewing my subscription to Stockcharts (I don't trade anymore). It expires sometime in August. I will also be leaving Federal Service later this year. At some point, I anticipate going largely silent on the board. Exactly when, I am not sure, but retirement is going to have me focused on other things. We'll see how it goes.

I remember when I first met you here on the boards, we've seen weird times, a recession, and your advice has been really important in my dealings with the market! Don't be a stranger and at least post in the lounge something from your retired life! Well earned sir!

 

[FAAM]

YES... Ditto what they've all said. Congratulations! Thanks so much for your service to our country, and for your efforts and sharing with our TSP-Talk community for so many years. Will miss you & hope you pop-in more often than not. Kurt.

 

[coolhand]

Thank you for all the kind and thoughtful posts. I anticipated I'd get a response, but I had to let you all know that things were going to change for me as the year winds down. I did not want to just disappear and leave you all wondering what happened to me. Fact is, I wouldn't be posting my thoughts on this board if I didn't care about each of you as you try to manage your financial affairs. What I have learned over the years did not come easy or quick and I am happy to share my perspective with you all. I do expect to keep posting for most of the balance of this year. After that, I don't know how much involvement I'll have here. Maybe a weekly post with alerts as needed? It really doesn't take me long to survey the markets. Anyway, thanks so much for the love. I do feel blessed.

Here's tonight's market commentary:

The bulls bounced the market today. Again, this is more consistent action with the latest NAAIM reading.




No breakouts yet. The back and forth action remains in play. It should still resolve to the upside at some point.

Cumulative breadth remains positive, but my intermediate term system, while still positive, is under attack and not far from flipping negative. Breadth trumps the IT system in my book.

This evening, the OEX is bearish, while the CBOE is neutral.

I don't see a reason to look for a breakout just yet. The indicators point to more sideways action, but the longer term remains bullish until proven otherwise. As long as NAAIM is largely bullish, a long position in stocks is justified (not necessarily 100%, but that's a personal decision).

 

[PessOptimist]

Enjoy your retirement! I am confident you have read all the stuff posted about retirement and the pitfalls or triumphs. Please consider starting a retirement thread to let us all know how it goes with you, your agency and OPM.

Thanks for all your posts and keep it up if you can.

PO

 

[hotwings]

CH,

Congrats on your upcoming retirement. I’ve been retired 1 1/2 years and luv doing what I want when I want. There is definitely more to life than going to work if you have planned for it! Thanks always for your market analysis. It’s certainly appreciated.
V/r,
HW

Thank you for all the kind and thoughtful posts. I anticipated I'd get a response, but I had to let you all know that things were going to change for me as the year winds down. I did not want to just disappear and leave you all wondering what happened to me. Fact is, I wouldn't be posting my thoughts on this board if I didn't care about each of you as you try to manage your financial affairs. What I have learned over the years did not come easy or quick and I am happy to share my perspective with you all. I do expect to keep posting for most of the balance of this year. After that, I don't know how much involvement I'll have here. Maybe a weekly post with alerts as needed? It really doesn't take me long to survey the markets. Anyway, thanks so much for the love. I do feel blessed.

Here's tonight's market commentary:

The bulls bounced the market today. Again, this is more consistent action with the latest NAAIM reading.

View attachment 44637
View attachment 44636

No breakouts yet. The back and forth action remains in play. It should still resolve to the upside at some point.

Cumulative breadth remains positive, but my intermediate term system, while still positive, is under attack and not far from flipping negative. Breadth trumps the IT system in my book.

This evening, the OEX is bearish, while the CBOE is neutral.

I don't see a reason to look for a breakout just yet. The indicators point to more sideways action, but the longer term remains bullish until proven otherwise. As long as NAAIM is largely bullish, a long position in stocks is justified (not necessarily 100%, but that's a personal decision).

 

[coolhand]

Breakout!

It took some time, but there was no mistaking the breakout in the small cap space today.




While the S&P 500 is testing is previous peak, the DWCPF blew past resistance in a way that leaves little doubt that the break is for real.

Even more compelling was that cumulative breadth spiked higher. That's often a sign that there may be more upside coming.

The OEX has not reported at this time, but the CBOE is neutral.

We got some bullish action today that is very suggestive of more to come. NAAIM reports in the morning.

 

[coolhand]

Yesterday, the DWCPF had what appeared to be a decisive upside breakout. And cumulative breadth seemed to confirm the move with its own upside spike. One day later and the gains were significantly pared. Fake out?




First, it isn't unusual to have a reversal after a big move. Second, not all gains were erased (to this point). I suspect the selling may be short lived.

Cumulative breadth did dip, but still remains bullish. I'm reporting early today so I don't have the options data, but I do have the NAAIM data and that's much more important to me.

NAAIM saw the bears significantly back off on their shorts and the bulls got more bullish. In fact, the reading is as bullish as I've seen it in many weeks. So, the smart money is loading up. Any questions?

 

[amoeba]

The aaii bull reading for 7/25 is 32, downfrom 36% the prior week...hasn't really moved either way in July by my eyes.