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coolhand's Account Talk
- Thread starter coolhand
- Start date
ToddB
Member
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
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
ravensfan
Well-known member
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!
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!
I don't accept your resignation.
Best of luck and thanks so much for the years of input you provided. :usa2:
DreamboatAnnie
Well-known member
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.
But it's still a little ways off, so will continue to enjoy your reading of the market, and learn from your posts.
coolhand
Well-known member
The market largely picked up where it left off on Friday as the bulls and bears took turns moving price up and down. At the end of the day, price was not far from where it began at the opening bell; though the S&P did manage a modest gain.
No change with the charts.
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.
No change with the charts.
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.
uscfanhawaii
Active member
Anyone else see a bull flag in these charts???? :kiss:
coolhand
Well-known member
It appeared on Friday that the bulls were on their way to retracing even more of recent market losses, but they were not able to hold on to early gains as the afternoon session wore on. Friday ended up in the red as did the week as the bears tempered bullish expectations.
The 2 charts remain bullish longer term, but the shorter term is seeing momentum ebbing lower.
My intermediate term system is now teetering on flipping negative. Cumulative breadth does remain positive, but is tracking sideways.
The OEX is leaning modestly bearish for Monday, while the CBOE is neutral. NAAIM is bullish overall, but the latest reading suggests more back and forth action, which we are getting. TSP Talk saw a big decline in bulls, which may be bullish in the short term.
I see the latest bout of weakness as part of normal market action. The longer term trend remains bullish and I continue to expect more upside once the weakness abates. The new week looks neutral going into Monday. We'll see how the first 2 days go. Maybe the bulls can turn it around by mid-week.
The 2 charts remain bullish longer term, but the shorter term is seeing momentum ebbing lower.
My intermediate term system is now teetering on flipping negative. Cumulative breadth does remain positive, but is tracking sideways.
The OEX is leaning modestly bearish for Monday, while the CBOE is neutral. NAAIM is bullish overall, but the latest reading suggests more back and forth action, which we are getting. TSP Talk saw a big decline in bulls, which may be bullish in the short term.
I see the latest bout of weakness as part of normal market action. The longer term trend remains bullish and I continue to expect more upside once the weakness abates. The new week looks neutral going into Monday. We'll see how the first 2 days go. Maybe the bulls can turn it around by mid-week.
coolhand
Well-known member
The bulls got the last say in Thursday's action as the majors recouped some losses.
For the most part, there still isn't much change to the charts. Is the bounce the start of another run to the top? Maybe, but sentiment suggests the bears may not be done.
Breadth remains bullish as does my intermediate term system.
The Options are now neutral. NAAIM did not change much, but I noticed that some of the bears among them put on some shorts. The bulls remain steadfastly bullish and they are the majority. This tells me there is likely to be more back and forth action for a few days or so, but eventually the market resolves higher.
For the most part, there still isn't much change to the charts. Is the bounce the start of another run to the top? Maybe, but sentiment suggests the bears may not be done.
Breadth remains bullish as does my intermediate term system.
The Options are now neutral. NAAIM did not change much, but I noticed that some of the bears among them put on some shorts. The bulls remain steadfastly bullish and they are the majority. This tells me there is likely to be more back and forth action for a few days or so, but eventually the market resolves higher.
coolhand
Well-known member
Well, the market is going through a weak spell so far this week. Still nothing dramatic, but frustrating for the bulls nonetheless.
No big changes to the charts.
Cumulative breadth remains bullish, but is weakening a bit. My intermediate term system remains positive.
The OEX is bearish for Thursday, while the CBOE is neutral. NAAIM reports in the morning.
My outlook remains pretty much the same. Bullish, once we get this selling out of the way.
No big changes to the charts.
Cumulative breadth remains bullish, but is weakening a bit. My intermediate term system remains positive.
The OEX is bearish for Thursday, while the CBOE is neutral. NAAIM reports in the morning.
My outlook remains pretty much the same. Bullish, once we get this selling out of the way.
coolhand
Well-known member
The sellers overpowered the buyers today, but not enough to do any technical damage.
I'm still looking for price to get past overhead resistance on the DWCPF.
Breadth dipped, but remains bullish. My intermediate term system remains positive. I note that the TRIN and TRINQ are leaning bullish for Wednesday.
The options are modestly bearish.
Not a lot to go on for Wednesday, so we may be in for more up/down action.
I'm still looking for price to get past overhead resistance on the DWCPF.
Breadth dipped, but remains bullish. My intermediate term system remains positive. I note that the TRIN and TRINQ are leaning bullish for Wednesday.
The options are modestly bearish.
Not a lot to go on for Wednesday, so we may be in for more up/down action.
coolhand
Well-known member
So, Monday started out the week rather mixed as the S&P 500 eked out a gain, while the DWCPF fell moderately.
Resistance has yet to be broken by the DWCPF, but I still expect it to do so eventually.
The rest of the technical indicators remained largely unchanged (and bullish). The options are neutral.
No change in my outlook. Things remain bullish.
Resistance has yet to be broken by the DWCPF, but I still expect it to do so eventually.
The rest of the technical indicators remained largely unchanged (and bullish). The options are neutral.
No change in my outlook. Things remain bullish.
tom4jean
Member
I've seen posts, and coolhand posted his update on Saturday, two days ago. He usually will post an update in the evening during the week after the market closes for the next day.
Sent from my Pixel 2 XL using TSP Talk Forums mobile app
coolhand
Well-known member
The S&P 500 is having little trouble rising now that there is no resistance overhead.
The DWCPF is in the process of testing resistance. I still expect it to eventually break through to the upside. Momentum is rising.
Cumulative breadth remains decidedly bullish. My intermediate term system remains bullish.
Sentiment shows that both the OEX and CBOE are bearish for Monday. NAAIM is bulled up, which should be our focal point. TSP Talk is at an extreme bullish level with its highest bull reading all year. As long as we're aligned with NAAIM, I don't worry about it.
My outlook has not changed. I think we can press our bullishness given current sentiment and indicators.
The DWCPF is in the process of testing resistance. I still expect it to eventually break through to the upside. Momentum is rising.
Cumulative breadth remains decidedly bullish. My intermediate term system remains bullish.
Sentiment shows that both the OEX and CBOE are bearish for Monday. NAAIM is bulled up, which should be our focal point. TSP Talk is at an extreme bullish level with its highest bull reading all year. As long as we're aligned with NAAIM, I don't worry about it.
My outlook has not changed. I think we can press our bullishness given current sentiment and indicators.
