coolhand's Account Talk

[coolhand]

After a pretty good run to the upside, the S&P finally had a pullback. But even the pullback closed well off the lows of the day. Sign of strength even in weakness? The DWCPf continued its struggles, but like the S&P it closed well off its lows of the day.




The S&P chart remains bullish, but we'll have to see if Tuesday's selling carries over into the rest of the week. Price on the DWCPF is fighting resistance again, but the afternoon rebound at least gives the bulls hope that the selling is temporary.



Breadth dipped, but remains bullish.

I remain bullish on the S&P and neutral on the DWCPF.

 

[coolhand]

At this time, I cannot access stockcharts. I am getting a "403 Forbidden" page. Many of my other bookmarks are working fine, so I think it's just this site.

Nothing has changed as far as my sentiment or the technical indicators. Let's see if the website gets back up soon.

 

[coolhand]

NAAIM tempered their bullishness today, but they remain bullish. There is little inclination for shorting among these money managers. I think that because they remain simply bullish and not overly bullish the downside should remain limited, but the upside could still be a grind.

 

[coolhand]

Last week didn't start out well for the bulls and as the week progressed it got a bit more dicey; especially for the DWCPF. But Friday saw a big rally that saw price on the S&P close at yet another all-time high.




So, while the S&P continues to push further to the upside, price on the DWCPF bounced off support at the 50 dma on Thursday and soared higher on Friday, but the rally fell short of retracing all of last week's losses. Still, the DWCPF only fell moderately for the week. Obviously, the S&P continues to be the more consistent index for the bulls.



Cumulative breadth went bearish for a day late last week, but bounced back into bullish territory with Friday's rally.

The TSP Talk sentiment survey came in a bit bearish this week, but not overly so. NAAIM came in modestly bullish. With Friday's rally, I wonder if any of those who voted their sentiment on TSP Talk would feel any different now?

I remain bullish on the S&P and neutral on the DWCPF.

Now I need to let you know that my time on this board is coming to an end (at least as a regular poster). I said at least 2 years ago that I was planning on discontinuing my posting soon, but that I did not know when. As it turns out, I kept going at least a year longer than I anticipated. I hope you learned how I interpret the charts and NAAIM as well as my breadth chart. It isn't all that hard and I don't get distracted by all the noise. I will pop in from time to time and if I do see anything of note, I'll let you know, but my daily posting is done. I wish you all the best.

 

[bleeck]

GL, sad to see the daily's end. I've enjoyed them!

 

[ToddB]

Thanks Cool for all your work and postings! We will look forward to hearing from you from time to time!


Sent from my iPhone using Tapatalk

 

[Chas]

hate to see you go Coolhand, your posts have become a daily read for me - you'll be sorely missed.
and hey, be careful out there!

 

[mmk119]

Coolhand sorry to see you go. will miss your insight greatly. thank you for teaching what you have and all that you have contributed over the years. will be happy to see you back as often as you can. Good luck and many happy returns on your future plans.

 

[tsptalk]

Thanks so much for all of your contributions over the year, Coolhand! Invaluable!

 

[nnuut]

DAMN!

 

[flalaw97]

Thanks Coolhand for all of your posts and introducing me to the NAAIM. look forward to your pop ins in the future.

 

[nnuut]

Coolhand will be missed, thanks for his great charts for so long.:arms::arms:

 

[pmaloney]

Thanks for everything Coolhand! :smile:

 

[rangerray]

Thanks for all of the insight!!


Sent from my iPhone using TSP Talk Forums

 

[ravensfan]

Sorry to see you go Coolhand. Your posts have always been a must read for me and they will be sorely missed. I wish you all the best in your future endeavors and look forward to you dropping in on us from time to time.

Take care and God bless!!!

 

[nasa1974]

CH,

Sorry to see you move on. Your posts were a daily read for me. Your daily posts were a great contribution to this site and you will be truly missed. Good luck in your future endeavors and please don't be a complete stranger. There have been a few friends that have moved on and just disappeared. Pop in once in awhile and stay on the fringe so we can all stay in touch. Again. Good luck and enjoy.

 

[PessOptimist]

Gonna miss your posts.

 

[Scout333]

Thanks for the many contributions you have made to the site and to my personal understanding of the markets and how they affect our TSP accounts! Wish you all the best! Don't be a stranger! Scout

 

[hotwings]

CH,
Thanks for your analysis and insight. Wish you the best going forward. Thanks again.

 

[dannyboy]

Now I need to let you know that my time on this board is coming to an end (at least as a regular poster). I said at least 2 years ago that I was planning on discontinuing my posting soon, but that I did not know when. As it turns out, I kept going at least a year longer than I anticipated. I hope you learned how I interpret the charts and NAAIM as well as my breadth chart. It isn't all that hard and I don't get distracted by all the noise. I will pop in from time to time and if I do see anything of note, I'll let you know, but my daily posting is done. I wish you all the best.[/QUOTE]

Dannyboy has always been happy to see your posts. I have always kept you in my prayers for the posts you make are both informative and just vague enough to stimulate my brain to think of a lot of possibilities. Comeback as often as possible.