coolhand's Account Talk

[Steadygain]

All in. :blink:

25/25/50 CSI. Any reversal this afternoon will lag in the I fund, which is partly why I overweighted it. I think this will be a short term play, but I have to see how support holds and what sentiment does. Volume on the S&P appears to be average so far.

GL - Hope ya do well.

At this point it looks like 'consolidation' and nothing more

 

[CrabClaw]

I moved in45C, 35S, 20I. Thanks for your insight as always CH. your thoughts and links are always appreciated.

 

[coolhand]

Four of seven SS signals still in buy mode. Strength continues to impress.

 

[coolhand]

http://www.cnbc.com/id/32187079

 

[airlift]

Thanks CH. Those orders (flashes) are part of theinsider trading that gives an unfair trading advantage to a privileged chosen group. Meantime, the small.investor is torn to pieces. 3ruth is that Life is not always fair,but we must strive to correct the inequities. Our.hard earned money is at risk of loss due to those perks which have nothing to do with wise invetment or skilful trading. 1scuse my grammar. TKS.

 

[coolhand]

Great. If this bleeds over into our market today, I'm gonna be ticked.

http://www.marketwatch.com/story/ch...-on-profit-taking-rush-2009-07-29?siteid=bnbh

 

[coolhand]

There are a lot of top-pickers in an otherwise strong market. That kind of activity has been met with buying quite often in the recent past. Volume has been low to the downside so far.

 

[turbo23dog]

Yesterday's "in the money stocks" video noted that Jul-Aug are typically low volume because traders are on vacation and that in recent periods of low volume, the market has shown a tendency to float upwards. Lets keep our fingers crossed that this is a good assumption....

 

[coolhand]

Yesterday's "in the money stocks" video noted that Jul-Aug are typically low volume because traders are on vacation and that in recent periods of low volume, the market has shown a tendency to float upwards. Lets keep our fingers crossed that this is a good assumption....

Makes sense.

I'm still looking at yesterday's move into the market as a short term play, because we really should see a retracement with the run-up we had the previous two weeks, but trying to get in on a dip has been impossible with TSP. The underlying strength has been something else.

 

[JTH]

I'm looking for volume capitulation too, but it's getting harder to use history as a reference for volume, when you consider the effects of "real time" program buying & the fact that schools start earlier every year.

View attachment 6612

 

[coolhand]

It seems to be business as usual today. I think my short term play is toast. That means I'm in for the intermediate term and following the SS. I'm okay with that, given the underlying strength in this market. Maybe the Fed's Beige Book report will provide more upside this afternoon, although there really shouldn't be any surprises there.

 

[coolhand]

After being relatively quiet the past couple of weeks, the top callers and bears are starting to post again on trader's talk. One comment I saw said to watch GS. It has to hold 157 or the market may slide with it.

I'm not in the bearish camp right now, however. I think it's a little early to be shorting this market after the strength we've seen.

 

[turbo23dog]

Today looked almost like a repeat of yesterday with what looks like buy programs kicking in during the last 30 mins to bring us back to near flat. Today's close was -4.5 points to 975.15

 

[coolhand]

http://www.propagandamatrix.com/articles/july2009/072809_turning_against.htm

 

[coolhand]

http://www.marketwatch.com/story/be...-to-average-americans-2009-07-26?pagenumber=1

 

[coolhand]

http://sec.gov/news/press/subscribe_updates.htm

 

[coolhand]

Check out the CMF on the $INDU.

 

[anthony]

Because the Corps told me once "There are no stupid questions, only stupid people," I have to ask ... CMF?

 

[coolhand]

Because the Corps told me once "There are no stupid questions, only stupid people," I have to ask ... CMF?

In a nutshell, it means that there is accumulation going on in $INDU. Lots of buying.

For a more in-depth answer, here's something from stockcharts that will explain the CMF:

http://stockcharts.com/school/doku.php?id=chart_school:technical_indicators:chaikin_money_flow

 

[anthony]

Very good info. Learning has occurred. Thanks!