-
Welcome to the TSP Talk Forums forums.
You are currently viewing our boards as a guest which gives you limited access to view most discussions and access our other features. By joining our free community you will have access to post topics, communicate privately with other members (PM), respond to polls, upload content, join our AutoTracker, and access many other special features. Registration is simple and absolutely free so please, join our community today!
If you have any problems with the registration process or your account login, please contact us. -
The Forum works well on MOBILE devices without an app: Just go to: https://forum.tsptalk.com
-
Please read our AutoTracker policy on the IFT deadline and remaining active. Thanks!
-
$ - Premium Service Content (Info) | AutoTracker Monthly Winners | Is Gmail et al, Blocking Our emails?
Find us on: Facebook & X | Posting Copyrighted Material
-
Join the TSP Talk AutoTracker: How to Get Started | Login | Main AutoTracker Page
coolhand's Account Talk
- Thread starter coolhand
- Start date
coolhand
Well-known member
Re: Smart Money Gets Bullish
Friday's positive action added to huge gains last week for all 3 TSP stock funds.
As the news gets more dire, the market rallies even more. On volume. Upward momentum is rising. RSI is now overbought, but I'd not get overly concerned about that, though a pullback could happen any time now.
Breadth is really stretching it to the upside (bullish).
TSP Talk sentiment came in bullish (no change). We already knew that the smart money was bullish and we can see why.
It is very possible that this rally gets silly to the upside. I'm not predicting such, but I would not be surprised.
I remain bullish.
Friday's positive action added to huge gains last week for all 3 TSP stock funds.
As the news gets more dire, the market rallies even more. On volume. Upward momentum is rising. RSI is now overbought, but I'd not get overly concerned about that, though a pullback could happen any time now.
Breadth is really stretching it to the upside (bullish).
TSP Talk sentiment came in bullish (no change). We already knew that the smart money was bullish and we can see why.
It is very possible that this rally gets silly to the upside. I'm not predicting such, but I would not be surprised.
I remain bullish.
coolhand
Well-known member
I am, but I try to never get complacent. My indicators are half the battle. I also follow certain websites and professionals to help shape my personal perspective to go along with the indicators. Those tend to give me a longer term point of view.
uscfanhawaii
Active member
So CH, you have been bullish for some time now.....do you think we are back in a ‘bull market’ now?
coolhand
Well-known member
The market took a pause today, which was needed.
Modest losses on the day, but no technical issues at all.
Breadth actually ticked a bit higher and remains bullish.
NAAIM got more bulled up, with fewer bears among them. They are very bullish as a group now.
I remain bullish.
Modest losses on the day, but no technical issues at all.
Breadth actually ticked a bit higher and remains bullish.
NAAIM got more bulled up, with fewer bears among them. They are very bullish as a group now.
I remain bullish.
coolhand
Well-known member
There is a very real possibility we hit new all-time highs in the weeks/months ahead. While I won't predict it, that's my expectation. Things can still change, which is obviously why I follow certain indicators.
NellyBelle
Member
What's your thoughts on this? We are in a new bull market, in an upwardly moving channel with higher highs and higher low, above the 200 day moving average.
coolhand
Well-known member
The bulls had their way with the market again today.
The 200 dma on both charts is now quickly disappearing in the rear view mirror. Momentum continues to rise. RSI is near overbought, but that may not be meaningful in a market that might be on a mission.
Breadth continues to look strong.
NAAIM reports tomorrow. Will we see a stronger bullish reading? We might. It's always interesting to see what they are doing week to week.
I remain bullish.
The 200 dma on both charts is now quickly disappearing in the rear view mirror. Momentum continues to rise. RSI is near overbought, but that may not be meaningful in a market that might be on a mission.
Breadth continues to look strong.
NAAIM reports tomorrow. Will we see a stronger bullish reading? We might. It's always interesting to see what they are doing week to week.
I remain bullish.
coolhand
Well-known member
The rally continued today, with both the C and S funds picking up significant gains by the close.
Price is putting more distance between it and the 200 dma. Price on the DWCPF doesn't have the same amount of time above the 200 dma that the S&P does, but I don't think that will be an issue. The S&P has often led the market, which makes sense given the serious apprehensions among "pros" about the sustainability of this market. Just remember, fundamentals really don't matter, but printing presses and algorithms do.
Breadth continues to shoot upward and remains bullish.
We might get a pullback at any time now, but with all of the seriously bad news out there we might not see much selling in the short term either. Remember, NAAIM got bullish just a few days ago.
I remain bullish.
Price is putting more distance between it and the 200 dma. Price on the DWCPF doesn't have the same amount of time above the 200 dma that the S&P does, but I don't think that will be an issue. The S&P has often led the market, which makes sense given the serious apprehensions among "pros" about the sustainability of this market. Just remember, fundamentals really don't matter, but printing presses and algorithms do.
Breadth continues to shoot upward and remains bullish.
We might get a pullback at any time now, but with all of the seriously bad news out there we might not see much selling in the short term either. Remember, NAAIM got bullish just a few days ago.
I remain bullish.
coolhand
Well-known member
The wall of worry is alive and well, isn't it? Stocks continued their climb today, slowly recapturing ground from lows hit March.
Price has been above the 200 dma on the S&P for several days now. I would call that average potential support at this point. Price on the DWCPF closed at a fresh high above that same average. Momentum is bullish and rising. We aren't off to the races, but as long as the trend remains bullish, it isn't really a problem.
Breadth is looking rather vertical and confirms strength underpinning the rally.
I remain bullish.
Price has been above the 200 dma on the S&P for several days now. I would call that average potential support at this point. Price on the DWCPF closed at a fresh high above that same average. Momentum is bullish and rising. We aren't off to the races, but as long as the trend remains bullish, it isn't really a problem.
Breadth is looking rather vertical and confirms strength underpinning the rally.
I remain bullish.
Happy_Trails
Active member
The markets have been climbing the wall of worry looking past the bad news and forward to recovery.
bmneveu
Well-known member
Markets are so weird.
coolhand
Well-known member
The bulls did well last week, posting more than 3% gains in the C and S funds.
The 200 dma remains a battleground, but so far that average is supporting price on the S&P 500. I am not concerned about it failing with the smart money taking more bullish positions.
Breadth remains bullish.
TSP Talk sentiment came in bullish this week. Guess some of us were waiting for NAAIM to lead the way. Not a bad idea. :smile:
There is no shortage of bad news right now and it's probably going to get worse. That may mean the market soars or at least continues to trend higher,
I remain bullish.
The 200 dma remains a battleground, but so far that average is supporting price on the S&P 500. I am not concerned about it failing with the smart money taking more bullish positions.
Breadth remains bullish.
TSP Talk sentiment came in bullish this week. Guess some of us were waiting for NAAIM to lead the way. Not a bad idea. :smile:
There is no shortage of bad news right now and it's probably going to get worse. That may mean the market soars or at least continues to trend higher,
I remain bullish.
coolhand
Well-known member
Smart Money Gets Bullish
Well, the bull party was going well til some trade news hit the wires, which triggered some selling that sent price below the neutral line. We'll have to see if it was just an initial knee-jerk reaction or not.
View attachment 46261
View attachment 46262
For the most part, the charts held up, though the DWCPF dipped back below the 200 dma. But the S&P did not and that is the more visible chart.
View attachment 46260
Breadth dipped, but not much and remains bullish.
NAAIM came in solidly bullish today, which means I am now flipping to full bull mode.
Well, the bull party was going well til some trade news hit the wires, which triggered some selling that sent price below the neutral line. We'll have to see if it was just an initial knee-jerk reaction or not.
View attachment 46261
View attachment 46262
For the most part, the charts held up, though the DWCPF dipped back below the 200 dma. But the S&P did not and that is the more visible chart.
View attachment 46260
Breadth dipped, but not much and remains bullish.
NAAIM came in solidly bullish today, which means I am now flipping to full bull mode.
coolhand
Well-known member
Well, the bull party was going well til some trade news hit the wires, which triggered some selling that sent price below the neutral line. We'll have to see if it was just an initial knee-jerk reaction or not.
For the most part, the charts held up, though the DWCPF dipped back below the 200 dma. But the S&P did not and that is the more visible chart.
Breadth dipped, but not much and remains bullish.
NAAIM came in solidly bullish today, which means I am now flipping to full bull mode.
For the most part, the charts held up, though the DWCPF dipped back below the 200 dma. But the S&P did not and that is the more visible chart.
Breadth dipped, but not much and remains bullish.
NAAIM came in solidly bullish today, which means I am now flipping to full bull mode.
coolhand
Well-known member
Given the strength of Tuesday's rally, it probably shouldn't be a surprise that Wednesday saw more strength. Breadth and volume appeared to be indicating that the move was not transient.
We can see that price has now closed above the 200 dma on the S&P and is sitting on that key average on the DWCPF. Volume was a bit more robust than the previous session.
Breadth soared again and is making a compelling bullish statement.
NAAIM reports tomorrow. That is always a key element of my analysis. I always want to know what the smart money is doing. We'll know very shortly.
I remain neutral to modestly bullish, but could change my position on the NAAIM reading.
We can see that price has now closed above the 200 dma on the S&P and is sitting on that key average on the DWCPF. Volume was a bit more robust than the previous session.
Breadth soared again and is making a compelling bullish statement.
NAAIM reports tomorrow. That is always a key element of my analysis. I always want to know what the smart money is doing. We'll know very shortly.
I remain neutral to modestly bullish, but could change my position on the NAAIM reading.
coolhand
Well-known member
Sooner or later it was almost certainly going to happen. The 200 dma got tested on the S&P 500 today.
Price closed largely on that key average at the end of the trading day. Price on the DWCPF closed just under its 200 dma. Momentum turned up. Volume was fairly robust. That's a plus for the bulls.
Looking at breadth, it soared. That's what we want to see as the 200 dma gets tested. There is conviction behind the move.
Still, victory has not been won until price can close above that key average and hold it for at least a couple of days. At the same time this test is occurring, price is hitting new highs. It's looking good for the bulls at this point. We won't get a fresh read from NAAIM for a couple of days. We'll need that to validate the strength we're seeing in the charts. If they get bulled up (we may need some upside follow-through), it'll be an easy bullish read for the following week. I've been wanting to lean bullish of late, but not with NAAIM being neutral themselves. Still, I've also cautioned that the bulls are in control despite the sideways movement the past month or so.
I remain neutral to modestly bullish for now. I'd be more bullish if price wasn't in the process of testing a key resistance area.
Price closed largely on that key average at the end of the trading day. Price on the DWCPF closed just under its 200 dma. Momentum turned up. Volume was fairly robust. That's a plus for the bulls.
Looking at breadth, it soared. That's what we want to see as the 200 dma gets tested. There is conviction behind the move.
Still, victory has not been won until price can close above that key average and hold it for at least a couple of days. At the same time this test is occurring, price is hitting new highs. It's looking good for the bulls at this point. We won't get a fresh read from NAAIM for a couple of days. We'll need that to validate the strength we're seeing in the charts. If they get bulled up (we may need some upside follow-through), it'll be an easy bullish read for the following week. I've been wanting to lean bullish of late, but not with NAAIM being neutral themselves. Still, I've also cautioned that the bulls are in control despite the sideways movement the past month or so.
I remain neutral to modestly bullish for now. I'd be more bullish if price wasn't in the process of testing a key resistance area.
