coolhand's Account Talk

[coolhand]

Another launch catalyst?

https://www.cnbc.com/2020/02/06/china-to-halve-tariffs-on-hundreds-of-us-goods.html

 

[coolhand]

We got a choppy trading day today with the S&P 500 closing for a gain, while the DWCPF closed with a small loss.




This evening, the CBOE is bullish again. TRIN is neutral and TRINQ is bullish. Breadth remains bullish.

NAAIM gave us an interesting reading today. The bulls got a bit less bullish, while the bears among them remained short. This is a neutral reading, so my take is that the market is not yet ready for a run to the upside (maybe a melt up at this point). I suspect we may see more back and forth action for a few days. The other indicators suggest some upside for Friday.

I remain bullish.

 

[coolhand]

The market pulled back a bit on Friday. The selling comes after significant upside pressure earlier in the week. Both the SPX and DWCPF posted large gains, so a small pullback it perfectly normal (especially at resistance).

Pretty much all of my indicators have gone neutral. I continue to expect choppy up/down action into the new week based on NAAIM's latest reading.

 

[coolhand]

The bulls got the upper hand to start out the new trading week.

This evening, the CBOE is bullish. TRIN is leaning a bit bearish, while TRINQ is leaning bullish. Breadth moved higher.

I remain bullish, but still think we are in for some back and forth action in the short term.

 

[ToddB]

Always appreciate your updates Cool!
I'm 75C 25S for now but watching closely


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[coolhand]

Always appreciate your updates Cool!
I'm 75C 25S for now but watching closely


Sent from my iPhone using Tapatalk

Hi ToddB. I appreciate the time you take to let me know you like my updates. :smile:

 

[nasa1974]

Cool,

Your posts are a must read everymorning. Thanks for taking the time.

 

[wahinepio]

Always!!

 

[coolhand]

We are getting the choppy trading that the NAAIM reading suggested, but it's with an upside bias. I'm sure you bulls will take it. :smile:




There is nothing wrong with these charts.

This evening, the CBOE is bullish. TRINQ is leaning bearish and TRIN is neutral. Breadth is rising and remains bullish.

The indicators tell me to remain bullish.

 

[coolhand]

Any bulls out there tired of winning yet? :smile:

It was more of the same today. The S&P and DWCPF continue to rise.

This evening, the CBOE is bullish once more. TRIN and TRINQ are neutral.



You can see from the chart that breadth is rising and making new highs.

I have no bad news if you're a bull.

You get the impression this could go on for some time yet. And it might (pullbacks notwithstanding).

I remain bullish. NAAIM reports Thursday. Let's see if the bears among them flipped bullish.

 

[coolhand]

Not surprisingly, today's NAAIM sentiment reading saw a decrease in bearish positions and now goes from a neutral reading back to a bullish reading.

 

[pmaloney]

Great news! Thanks Coolhand. :smile:

 

[coolhand]

We got a mixed close today, with the S&P dipping a bit and the DWCPF adding to its upside gains. We did see the market show its resilience by coming back from negative territory at the open.

The CBOE has not posted. TRIN and TRINQ remain neutral. Breadth remains bullish.

NAAIM came in bullish. The smart money is not looking for weakness.

I remain bullish.

 

[wahinepio]

https://gnseconomics.com/en_US/2020/02/10/the-stages-of-the-collapse/

Cool, You've been sounding the horn for some time. This certainly has my attention. It's causing me considerable thought. Seem plausible to you?

 

[coolhand]

https://gnseconomics.com/en_US/2020/02/10/the-stages-of-the-collapse/

Cool, You've been sounding the horn for some time. This certainly has my attention. It's causing me considerable thought. Seem plausible to you?

I've watched many videos from many knowledgeable (and inside) professionals. This article captures many of the same themes I've heard elsewhere, but does do a great job of laying out the possible framework. It's very plausible. We are headed to uncharted territory, but there is a plan(s) of execution that is playing out that I believe will attempt to minimize the impact, which could be significant even if it's minimized.

I expect much better times for those of us who are not in the "club". But the transition to get there needs to be crossed.

 

[Happy_Trails]

Not sure how anyone can be bullish if they believe we are headed for a scenario like the one described in wahenepio's post. If that's where it's headed, better move to G for the next 5 years.

 

[Bullitt]

If that's where it's headed, better move to G for the next 5 years.

Right now the trend is up. If you're worried about the collapse, the best insurance is to stockpile ammunition.

wahinepio, how did you ever find that site? That company is located in Finland.

 

[Happy_Trails]

Right now the trend is up. If you're worried about the collapse, the best insurance is to stockpile ammunition.

wahinepio, how did you ever find that site? That company is located in Finland.

Honestly, for every piece like this, you can find another that counters it with a bullish outlook. Better not to bet the farm or your retirement account on opinion pieces about market collapses. Google Paul B. Farrell as an example or the Hussman Group.

 

[coolhand]

The bulls had another great week, last week. The selling pressure from 2-3 weeks ago is now a distant memory as price plumbs new highs.




The charts look great!

For Monday, the CBOE is neutral as are TRIN and TRINQ. Breadth remains bullish.

The bulls got great news last Thursday, when NAAIM reported an increase in bullishness as we head into the new week.

I remain bullish.

I would like to reiterate my long term view that the financial system is headed for major changes in structure. Some might interpret that as almost synonymous with a market crash. While that is something that may occur at some point, focusing on that would miss the point completely. And it is also possible that a crash (as we've known them) may not happen in the way they've occurred in years past. The key terminology is "change in structure".

I do not know exactly what that change may be, though I have a good idea where it would start. I also do not know the timeline, though the process has been ongoing for some time now. Those of you who have been listening to the X22 Report are ahead of the game in this regard. And I am seeing indications that this site has gained a huge following as folks continue to learn about it. Some of you have contacted me in the past to thank me for pointing you in that direction. This is my main reason for being on this board. I am simply trying to help folks gain an understanding of things the MSM won't tell you (primarily financial) while hopefully helping to increase your TSP net worth in the process.

 

[nnuut]

The bulls had another great week, last week. The selling pressure from 2-3 weeks ago is now a distant memory as price plumbs new highs.

View attachment 45433
View attachment 45434

The charts look great!

For Monday, the CBOE is neutral as are TRIN and TRINQ. Breadth remains bullish.

The bulls got great news last Thursday, when NAAIM reported an increase in bullishness as we head into the new week.

I remain bullish.

I would like to reiterate my long term view that the financial system is headed for major changes in structure. Some might interpret that as almost synonymous with a market crash. While that is something that may occur at some point, focusing on that would miss the point completely. And it is also possible that a crash (as we've known them) may not happen in the way they've occurred in years past. The key terminology is "change in structure".

I do not know exactly what that change may be, though I have a good idea where it would start. I also do not know the timeline, though the process has been ongoing for some time now. Those of you who have been listening to the X22 Report are ahead of the game in this regard. And I am seeing indications that this site has gained a huge following as folks continue to learn about it. Some of you have contacted me in the past to thank me for pointing you in that direction. This is my main reason for being on this board. I am simply trying to help folks gain an understanding of things the MSM won't tell you (primarily financial) while hopefully helping to increase your TSP net worth in the process.

YEP!