coolhand's Account Talk

[coolhand]

Nice fund analyzer here...

http://apps.finra.org/fundanalyzer/1/fa.aspx

 

[coolhand]

Our top 25% is holding fast to the long side going into Thursday.

Total Cash Position: 14.96%
Total Stock Position: 79.11%

Combined Position across all funds:
G - 14.96%
F - 5.81%
C - 21.26%
S - 21.77%
I - 36.09%

 

[dannyboy]

Our top 25% is holding fast to the long side going into Thursday.

Total Cash Position: 14.96%
Total Stock Position: 79.11%

Combined Position across all funds:
G - 14.96%
F - 5.81%
C - 21.26%
S - 21.77%
I - 36.09%

CH
I am in that same % mode. I see the EURO gaining a lot before Obama-nomics. :suspicious:
I am:
G - 15%
C - 15%
S - 10%
I - 60%[/quote]

 

[coolhand]

CH
I am in that same % mode. I see the EURO gaining a lot before Obama-nomics. :suspicious:
I am:
G - 15%
C - 15%
S - 10%
I - 60%

My economic sense tells me the dollar should get weaker, but I don't think anyone else wants that to happen at their expense. It's been a good ride for the I fund the past few months though. In the current market environment I expect to take a position in the I fund once I get another buy signal from the SS. Probably something like 20/40/40 CSI.

 

[DCguy]

surprising how spx ended the day above 1k today. I'm still in 100% G and I will jump back into CSI sometime next week.

 

[Boghie]

My economic sense tells me the dollar should get weaker, but I don't think anyone else wants that to happen at their expense. It's been a good ride for the I fund the past few months though. In the current market environment I expect to take a position in the I fund once I get another buy signal from the SS. Probably something like 20/40/40 CSI.

CoolHand,

If the current 'swoon' isn't October 2008 or November 2009 or early March 2009 (which I don't expect) than isn't it the big guys time. That is, the S&P 500 (C Fund). The fast flyers have led the first recovery, now its time for the turtles - which can move rather rapidly in a turtly manner

 

[turbo23dog]

Poolie,

Did you just say that you belive C fund will be the place to be in the intermediate or long term?

 

[coolhand]

Some time ago (months) I mentioned how the Baltic Dry Index would be an indicator to look at in gauging the global economic recovery. Here's the current chart...it's moving in the wrong direction.

View attachment 6767

 

[Birchtree]

I may see a higher low getting ready to form - the longer this index takes to improve the better off we all are - slow and progressive on the trend. No need to be in a hurry.

 

[coolhand]

No need to be in a hurry.

I don't think we need to worry about that. Previous economic shock waves were not benign in nature and there are probably more aftershocks on the way. It'll take time.

 

[coolhand]

http://www.nytimes.com/2009/09/04/business/economy/04wells.html?_r=1&partner=rss&emc=rss&src=ig

 

[coolhand]

I'm seeing some traders on TT saying their systems are showing another low has been put in and that we may be moving higher. Given the poor data we got today, I'd not be surprised. Another chance to take it to the bears.

Aren't the bears insolvent yet?? :blink:

Anyway, the market should be going dead here soon as we are getting ready to start a three day weekend. I'm wondering if we'll see any profit taking first. It'll be interesting to see where the SS ends up today. If the strength holds or increases we just may get a buy signal. I'll know tonight.

The only other problem here is how the market acts post-holiday. :suspicious:

 

[Bullitt]

I see a bullish series of higher lows in the Baltic dry as well.

Here's something for the bears. Green shoots!

Intermodal volume is 16.2 percent from a year ago. Intermodal involves moving freight from one method of transportation to another, such as truck to rail.
Despite the shortfall, traffic levels among the nation's major railroads are at their highest level since early March. Railroad traffic is an indicator of overall economic health.

http://www.google.com/hostednews/ap/article/ALeqM5ijpc-UzaFSQ4hmeQdicU0KzLu5yAD9AFUCJ00

Bulk carload traffic jumped 2.2 percent in the week ending Aug. 29, from just seven days earlier, and set a new 2009 high at 285,580 loads. A number of separate cargo categories also hit new peaks from their lowest points of the recession, suggesting widely dispersed strength in freight demand.
Intermodal volume was the best since Jan. 10 or the first full week of this year, and was up 4.8 percent from a week earlier at 202,553 units. Train hauls of containers that reflect domestic-only as well as ocean-borne international traffic were up to 171,367 units, while trailers that are all domestic business reached 31,186 loads.

http://www.joc.com/node/413240

 

[coolhand]

I see a bullish series of higher lows in the Baltic dry as well.

Oh, I do too. But it's still down in the weeds, and I suspect will take much more time to pull up to a more historic and consistent level of shipping activity.

 

[coolhand]

Investors Business Daily report for 4 Sep:

"Uptrend under pressure." Distribution days: 6 for Dow, 5 for S&P 500, 4 for Nasdaq.

The IBD picture coupled with a Seven Sentinels buy signal Friday makes for an interesting situation.

Yes, the seven sentinels issued a buy signal yesterday. On low volume just before a three day weekend, after which volume should begin to expand as summer vacations have come to a close.

That's the theory anyway. I'll put a blog together in the next day or so to explain what I'll do come Tuesday.

 

[Boghie]

Investors Business Daily report for 4 Sep:

"Uptrend under pressure." Distribution days: 6 for Dow, 5 for S&P 500, 4 for Nasdaq.

The IBD picture coupled with a Seven Sentinels buy signal Friday makes for an interesting situation.

Yes, the seven sentinels issued a buy signal yesterday. On low volume just before a three day weekend, after which volume should begin to expand as summer vacations have come to a close.

That's the theory anyway. I'll put a blog together in the next day or so to explain what I'll do come Tuesday.

CoolHand,

Aren't some of the chart for SS supposed to hold for six days? Or is the six days thing factored into the chart (like a simple moving averate)?

Uuuuggggghhhh, I can understand the SS charts when you go through them - but looking at them as a big ole mash up on the primary site confuses the heck out of me. Any real good books for an intermediate investor type for using charts???

 

[phil]

84% G 16% I. I'm risk-averse. Triple witching is on the 18th of September. I'll probably transfer to 90G 10F the week of, depending, then follow the program traders up or down on that Friday. Big losses by noon, I'll buy back in. Risk-averse, like I said, particularly in this market.

 

[CountryBoy]

Investors Business Daily report for 4 Sep:

"Uptrend under pressure." Distribution days: 6 for Dow, 5 for S&P 500, 4 for Nasdaq.

The IBD picture coupled with a Seven Sentinels buy signal Friday makes for an interesting situation.

Yes, the seven sentinels issued a buy signal yesterday. On low volume just before a three day weekend, after which volume should begin to expand as summer vacations have come to a close.

That's the theory anyway. I'll put a blog together in the next day or so to explain what I'll do come Tuesday.

Thanks for the update on the SS CH. Been doing other things since Friday, so I look forward to you blog.

Reporting from Bengal land,
CB

 

[coolhand]

http://www.globalresearch.ca/index.php?context=va&aid=14922

 

[coolhand]

http://theautomaticearth.blogspot.com/2009/09/september-4-2009-states-of-shock.html