coolhand's Account Talk

wahinepio said:
Nothing that I know of in Hawaii yet. But then I wouldn’t expect to know until it’s too late. However AMTV is shouting it loud & LIVE right now. He is in the know. Though his motive could be crypto. Just saying.
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Yes, he's one of the ones I'm hearing from, but there was another I heard today. It's not getting much attention beyond that, assuming it's for real. I am hearing that DB may default as soon as Monday. But even if does, will we hear about it? Or will the powers that be suppress it until a later date?
 
Nothing that I know of in Hawaii yet. But then I wouldn’t expect to know until it’s too late. However AMTV is shouting it loud & LIVE right now. He is in the know. Though his motive could be crypto. Just saying.
 
The market tacked on moderate weekly gains last week. Certainly the indicators I am watching supported that outcome.

The S&P 500 remains near its all-time high with no upside resistance to speak of. The DWCPF has yet to break out, but is holding its own for now.

Cumulative breadth remains very bullish. The trend is obviously up. The CBOE is bullish. TSP Talk is at a very high bullish reading, which at one time was cause for concern, but this survey is not as predictable as it once was. NAAIM is bullish...period.

While I am hearing warnings in some circles about certain large banks (BoA, DB, WF) being in significant trouble, I cannot confirm this. Is anyone out there unable to withdraw from an ATM at any banks? I have heard this may be happening in some areas. QE is being pumped, so it is certainly plausible that something may be happening. We will not be told of an issue until after the fact. We are not important. "They" do not care if we get crushed. In fact, they orchestrate it.

Now that I have issued my occasional warning, aside from the cracks in the foundation that may be developing, the indicators tell me to remain bullish.
 
The weakness we got the previous couple of trading days reversed today and the S&P is once again pushing into rarefied air. The DWCPF recovered some as well.

Breadth remains solidly bullish. The CBOE is neutral. The latest NAAIM reading shows that this smart money, which was already bullish, is now a tad more bullish. I would not bet against them (or breadth). I remain bullish.
 
The market appears to be consolidating gains right now. At some point, the upward bias should continue. The indicators are still bullish. NAAIM reports tomorrow.
 
The market tried to add to its gains early on today, but was unable to hold on though the trading day as the S&P and DWCPF posted relatively modest losses, which does nothing to dampen the bullish nature of the market right now.

Nothing has changed. The bulls are still in control.
 
As expected, the market continued its upward bias on Monday. The indicators have not changed all that much, but TRINQ is suggesting some give back. That the Nasdaq and it doesn't necessarily mean that any weakness that manifests won't be reversed during the trading day.

The CBOE remains bullish. NAAIM is bullish. Breadth is bullish. The charts are bullish. The upward bias should continue.
 
Friday's positive action confirmed the current bullish bias. It also confirmed NAAIM's fresh bullish stance.

DWCPF.png

We can also see that price on the DWCPF closed at a higher high. Another confirmation; especially with nothing but air above the S&P's closing price.

Breadth remains very bullish. The CBOE is bullish heading into Monday. TRINQ is bullish for Monday as well.

All of this bullishness used to be a marker for a top, but I am not so sure that will be the case. Certainly, the market can pull back, but I don't think the bears can mount much of an attack. And the insiders at NAAIM agree for the time being.

I am looking for more upside bias as this week unfolds.
 
Apparently, NAAIM thought the rate cut was bullish too, as they got bulled up this week. That's all for this evening.
 
That rate cut today will favor the bulls over time. The market rallied once it was announced. The S&P continues to drift to the upside with no overhead resistance. The DWCPF closed at resistance again. I am expecting that index to break through it sooner or later. Likely sooner.

The CBOE is bullish this evening. Breadth remains bullish. The upside bias should continue.
 
The market went largely nowhere today. The S&P remains poised to possibly add to its gains (there is not really any overhead resistance).

DWCPF1.png

Looking at the DWCPF however, we can see price is testing resistance at the previous peak. So far, it's holding.

Cumulative breadth remains solidly bullish. I note that TRINQ is bullish for Wednesday.

I don't think the resistance on the DWCPF is a big issue as long as breadth remains bullish. The fact that the S&P remains near its high supports my perspective as well. I'm not saying we can't see a pullback, but the evidence I am looking at is leaning bullish at least for Wednesday.
 
Yesterday, I said I was not looking for a breakout at this time, but I was not looking at the right chart and did not realize how close the S&P was to a new high. Not a big deal, but I would not have said that if I had the right chart in front me. Having said that, the DWCPF remains well below its high. But it's moving in the right direction. It just has resistance to deal with while the S&P has nothing overhead. That's encouraging for the bulls.

Cumulative breadth remains strong to the upside. It remains quite bullish.

I am expecting continued upside bias, at least as long as breadth remains strong.
 
The market tacked on some pretty good gains last week. However, there has not been any breakouts as yet. Given NAAIM remains neutral, I am not looking for a breakout at this time. But NAAIM did back off their bearish positions, so it appears there remains a bid under the market.

The indicators continue to look bullish. Breadth is still rising. Momentum is up. The CBOE is on the bullish side. TSP Talk remains bullish.

I suspect the upside bias will continue.
 
The market remained resilient today with price rising on the S&P and DWCPF.

Breadth remains bullish, but actually dipped a bit on the day. The dip is not meaningful, but perhaps a bit odd given the positive day.

NAAIM remains neutral, however the bears among them have backed off on their bearish expectations, so this is a plus for the bulls.

I note that TRINQ (Nasdaq) is bearish this evening. That index may experience weakness on Friday, but overall the market looks neutral to modestly bullish.
 
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