coolhand's Account Talk

[DreamboatAnnie]

Well we could be in the "last days" but the Bible also says no one knows the the time or day of God's coming. Now, maybe we are in the last days, but there is no telling how long that will be...could be another few millennia... Could be an hour from now. So, I think it is best to keep it in mind, but not let it spoil your day!

As for currency and financial systems, I like it to be diverse as possible. A single way of buying or bartering for your sustenance is not a "good" thing.

Kinda makes me think that it is not good if you are forced to take on only one way to buy that is not fluid and free; or in other words, controlled by others. This would include all non-gold or valueless (paper, plastic, virtual) systems such as debit or credit cards, bank accounts under central or global banking system control, stocks under SEC control or regulation, or crypto only, which Governments or large corporations will eventually try to control (controlling access and use) and which require computers, networks and electricity to operate plus allowed access. Ex. Facebook's Libra and PayPal. Isn't Paypal already limiting which businesses can use it IF they don't agree with PayPals's politics. Seems we are headed down a very slippery slope!

Best Wishes to Everyone on your Investments!!!!! :smile:*

PS. If electric grid goes down for a time, what do you have to eat, drink, keep warm or cool, or barter with? And if someone comes to take your powder, what do you have to keep yourself and family safe? There will be no police or 911 to call on. Just something to think about. Best to stay very diversified and well-equipt.

 

[nnuut]

One World Monitory System = One World Government. Then we will all eat Soylent Green!

 

[coolhand]

Hmm... as a Christian that believes we're in the lastdays, I don't see crypto or gold as leading us out of darkness but rather into it, by putting us under a single monitary system leading to the antichrist...

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There are those that see it that way. I talk to folks who do believe that. I don't know exactly how it all plays out, but there are Christians who also see it from my perspective. Mark Taylor, who some say is modern day prophet and who has a lot of high level Christian leader support has stated that the monetary system will be taken back. In any event, a case can be made both ways. However, God will use Satan's tools against him. I see it as a back and forth battle for our souls with God ultimately winning.

 

[tom4jean]

Hmm... as a Christian that believes we're in the lastdays, I don't see crypto or gold as leading us out of darkness but rather into it, by putting us under a single monitary system leading to the antichrist...

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[coolhand]

I don't post about it much, but those of you who have been following me for some time might remember that I said there is a battle between 2 powerful forces for control of the financial system (and a whole lot more). From the secular perspective, it is a war between the alliance (multi-national Christian leaders and warriors) and the global cabal (in all of its forms). Biblically, this a war between our Lord Jesus Christ and Satan and his fallen angels. The financial system that we have all grown up in is the old Babylonian system, which has been around for thousands of years. That system is designed to enslave us (as well as whole countries). It is now under extreme attack. Watch crypto and gold. Both are breaking out. The bonds of our financial enslavement are being broken. The darkness is slowly being lifted from the people of the world. Be prepared for a lot of truth to be released in the months and years ahead. If you don't understand what is happening now, you will eventually.

We are witnessing biblical history. Be prepared. Get to know our King! I highly recommend walking through the bible with Dr. Chuck Missler. There are others, but I chose him as my primary teacher. He is one of the foremost authorities on bible scripture. You will be shocked at what the bible has to say about the days we are now living in. It is a fascinating journey, but also one that has serious consequences if not taken seriously.

On the secular side, in the past I have recommended reading "The Creature From Jekyll Island", which is an in-depth look at our Federal Banking system. It will walk you through thousands of years of monetary history to the present. It will dovetail the biblical record.

 

[coolhand]

The rally continued today, which is what the indicators suggested.




We can see that price on the S&P 500 is at a fresh high. The index covered a lot of ground in less than 3 weeks. The DWCPF still has some work to do, but it isn't all that far from testing its highs.

Cumulative breadth continues to look bullish. The A/D Line is also quite bullish. This is a market on a mission from this perspective.

Is gold telling us something? It's now at 5 year highs. Silver is in rally mode too, but it's gold that's getting the attention.

This evening, the options are neutral. However, NAAIM didn't change much at all. They are not bearish, but they are not as bullish as I would have expected under the circumstances. There appears to be some degree of trepidation from this smart money. This tells me not to get too complacent even as I remain bullish. The market is due a pullback too. But I don't think that any pullback will kill the rally. This market is too strong at this point for the bears to get anything serious going.

 

[coolhand]

I said yesterday that any selling post-Fed would likely not amount to much and it didn't. Tomorrow is another day, however. Let's see how it shapes up.




Both charts look bullish. I still believe the May highs will be tested.

This evening, the OEX has moved to a neutral stance. The CBOE is leaning bearish. Breadth and the A/D Line both remain bullish as does my intermediate term system. Notably, Gold is at or near a 3 year high. If it continues to gain, things could get interesting (over time).

Gold movement aside, the indicators continue to point to higher prices. NAAIM reports in the morning.

 

[coolhand]

The market popped at the open today and while price closed well off its highs of the day, it closed with significant gains nonetheless.




The DWCPF has now joined the S&P with price closing above the 50 dma. There are no shortage of reasons for the rally, to include the obvious fed announcement (I am hearing they are leaning toward a rate cut) and continued talks between the U.S. and China (trade). Sell the news? Maybe, but even it does sell-off it probably won't last and the market will turn back up. I'm not bearish in any event.

The options are largely neutral this evening. Breadth rallied from an already bullish stance.

I think new highs are just a matter of time, short term gyrations notwithstanding.

 

[coolhand]

Today's upside breakout (so far) is what I have been expecting for a number of days now. Yes, it could be a fake out prior to the Fed announcement, but the indicators have been pointing to a continuation of the current uptrend.



The DWCPF really popped this morning. The S&P is also breaking out. It is interesting that the OEX (smart money) was bearish today. Now, we'll have to see what happens in the afternoon session, but NAAIM backed off their bearish positions last week and increased their bullish ones. I trust them a lot more than following the OEX.

Gold is trying to break out as well, but the CB is once again papering over the physical market and trying to prevent a rise in gold prices. This is a huge battleground right now. Gold is the future and spells doom for the CB if it breaks out.

 

[coolhand]

Not a whole lot changed as we started the new week.




Price on the DWCPF did manage to test the 50 dma. Resistance held, but the index did hold on to a good portion of its gains.

This evening, the OEX is quite bearish, while the CBOE is neutral. My other indicators are much as they were in the previous post.

The OEX suggests some selling on Tuesday, but I don't know that we can expect a lot of downside out of it with breadth continuing to look bullish.

 

[coolhand]

For the week last week, the bulls managed to push price a bit higher (C and S funds), but the bears have not rolled over.




We can see that the battle is still being waged in the area of the 50 dma on both charts, but the bulls have successfully kept price above that key average for a week now. Unfortunately, the DWCPF has remained under that average.

My intermediate term system is showing signs of weakness in some areas, but remains positive. Cumulative breadth continues to look pretty good despite the battle that has been playing out. The A-D Line also looks good.

Sentiment shows that the OEX remains bearish, while the CBOE is neutral. TSP Talk saw a drop in the number of bulls and is neutral. NAAIM got a bit more bullish and the bears in that survey reduced their exposure to the downside. It's not a consistent picture, but I defer to NAAIM, which means sentiment is leaning bullish.

Looking at the my indicators, the bears are probably not going to have an easy time of it. In fact, they are likely to lose the intermediate term battle. Having said that, precious metal and crypto are trying to break out and that could have implications (I think negative) for the stock market should they continue to move higher. But that's another battleground between the same 2 opposing forces. Things are getting more interesting every week. I remain bullish for now.

 

[coolhand]

Another battle at the 50 dma today.




Price remains above the 50 dma on the S&P and below it on the DWCPF. The bulls managed to keep it positive at the close.

The OEX remains bearish once again, while the CBOE flipped bullish. NAAIM saw a decent increase in bulls and drop in bears. They aren't quite a bullish as they once were, but they do seem to be saying that risk is more in the bull's favor, which is where I have largely seen the market over the past few days.

I suspect that sooner or later price will pop higher. I remain bullish.

 

[coolhand]

The battle continued today with price giving up some ground, but no serious technical damage has been done to this point.




Price tested the 50 dma on the S&P, but it held (support). The DWCPF remains under its 50 dma, but well above its 200 dma.

The OEX remains bearish. The CBOE has gone neutral.

So far, we may simply have a bull flag being formed. Considering how quickly the market took back losses during the previous rally, a short-term pullback is certainly within reason. NAAIM reports in the morning.

 

[coolhand]

A positive start to the trading session gave way to selling today, but the bears weren't able to push price too deep.




Price was almost unchanged on the S&P 500, which kept it above the 50 dma. The DWCPF tried to push through its 50 dma, but was turned back and closed lower on the day.

This evening, the options are leaning bearish. Breadth is still positive.

I suspect the 50 dma may be a battle ground in the short term. We'll have to see how persistent the bears will be and whether the bulls can continue to counter their efforts to take control of price. The bulls still have the momentum for now.

 

[coolhand]

I've been away from my computer for a few days and not able to post. Let's get to it.




The rally has continued despite any bearish indicators. It's really not a surprise under the circumstance. Price on the S&P 500 is now over its 50 dma. Price on the DWCPF is in the process of challenging its 50 dma.

This evening, the OEX is leaning a bit bearish as is the CBOE. Breadth looks good and remains bullish. My intermediate term system flipped positive today and will likely hold that position for a while.

Given the "V" bottom, price may very well eventually challenge the previous highs. Obviously, it will take some time yet. My intermediate term system supports that expectation. None of this is a given, but the odds favor that outcome. I am now bullish from my previous neutral stance.

 

[coolhand]

The S&P 500 continued to ascent today, but the DWCPF is lucky to just hold above its 200 dma. Interesting.




We can see that price on the S&P is beginning to approach resistance at the 50 dma. It's looking good even as the DWCPF is just treading water.

The options are looking on the neutral side this evening. What I found telling is that NAAIM didn't get bulled up on the rally. They are holding neutral. That's reason to temper upside expectations. That doesn't mean the market can't continue to bias higher, but if the smart money isn't falling over itself getting long, there must be a reason. Breadth remains positive.

If NAAIM had shifted more bullish, I would have been more comfortable being a bull, but since they didn't, I'm neutral.

 

[coolhand]

The market added to its gains on Wednesday, which wasn't a surprise given the magnitude of the move in the previous session.




Both charts now show price above the 200 dma, but still below the 50 dma. Momentum is rising.

Breadth didn't change much, but it does remain positive. TRIN and TRINQ are bearish for Thursday. The OEX is bearish as is the CBOE. Futures are negative.

The indicators show that the market is likely to give back some gains on Thursday.

NAAIM reports in the morning.

 

[1965Vintage]

Once again, the market gets the masses leaning one way (the bears this time) and turns price on a dime.

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It was a big move too. The kind that usually signals a bottom is in. There was volume behind the move and price certainly retraced a good chunk of recent losses. Is it out of the woods? It might be, but the charts still show key resistance levels that have not yet been tested, though the S&P took out its 200 dma today.

The OEX was bullish for Tuesday's action and it remains that way heading into Wednesday. The CBOE is neutral. Cumulative breadth turned back up hard and actually flipped positive. That kind of move bodes well for the bulls. My intermediate term system is now showing hints that the market may have turned the corner, but it still remains negative (it's not a fast moving system). TRIN and TRINQ closed at very low levels and that's bearish for Tuesday, but given the market may have turned, even if we see some give-back it may not be much.

I think today's action certainly supports looking for a spot to get reinvested, but it's only one day and while it was a big one that appears bullish, there's always the chance that the lows get retested.

I can't remember a harder market to time.


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[coolhand]

Once again, the market gets the masses leaning one way (the bears this time) and turns price on a dime.




It was a big move too. The kind that usually signals a bottom is in. There was volume behind the move and price certainly retraced a good chunk of recent losses. Is it out of the woods? It might be, but the charts still show key resistance levels that have not yet been tested, though the S&P took out its 200 dma today.

The OEX was bullish for Tuesday's action and it remains that way heading into Wednesday. The CBOE is neutral. Cumulative breadth turned back up hard and actually flipped positive. That kind of move bodes well for the bulls. My intermediate term system is now showing hints that the market may have turned the corner, but it still remains negative (it's not a fast moving system). TRIN and TRINQ closed at very low levels and that's bearish for Tuesday, but given the market may have turned, even if we see some give-back it may not be much.

I think today's action certainly supports looking for a spot to get reinvested, but it's only one day and while it was a big one that appears bullish, there's always the chance that the lows get retested.

 

[coolhand]

The bulls and bears battled once again to start the new week.




We can see that the DWCPF was largely unchanged, but the S&P 500 edged lower. Volume remains elevated.

This evening, the OEX is leaning bullish. The CBOE is neutral. TRIN is bearish and breadth edged up, but remains negative. My intermediate term system continues to look bearish with no hint of turning.

The market remains in trouble unless the bulls can regain control. The OEX is bullish, but other indicators suggest any rally may not hold or go deep. I remain bearish.