sniper's Account Talk

[twodaystocks]

pullback is to be expected after so many green days in a row, it may even sting a bit, but I'm looking long term. I believe the fiscal cliff will get resolved (not without some drama & kicking and screaming from both sides first), and 4th quarter earnings reports rarely disappoint.

but i do agree from a technical standpoint, the weeklies are not looking good. wins in the brokerage account if the SPX does take a dive should cushion the blow some

Trading from my system of weekly charts for the TSP funds, I can't get out yet. No cross below the 5 day, and I am afraid Ill take money out and miss an announcement later in the month and not be able to get back in before the beginning of the month. Which reminds me, 2 transfers per month? or 2 transfers per 30 day timeframe from the time I make my first transfer?

In my brokerage account though, I am not hating myself at all for grabbing up some SPXU, up almost 3% from my entry @ 38.30 yesterday. Up 1.5% DRV, dead even on ZSL, up about .25% on TTC, and down 1% on GASL. Second time I have been burnt by that one. I give up.

 

[sniper]

Take the market into golden prices - it's purrfect.

play both sides, if the market's going down, might as well take advantage of it and short it. make money in both directions instead of just one

 

[sniper]

Interesting read

Chance Of Going Over The Cliff Now At Least 75% | Stan Collender's Capital Gains and Games

 

[sniper]

Now to unleash my inner BirchTree. Have a good weekend all!

 

[sniper]

keep an eye on the nasdaq, recently it has been a step or two ahead of the s&p, where it goes, the S&P will likely follow



With that said, the NASDAQ looks a bit ugly in its daily chart. It's been in a sideways channel, forming a double top, right now closing around its neckline. Full stochastics is showing a bit of a bearish divervence, and a cross to the downside. A close below that neckline could be really bad. We'll see how it plays out, I'm predicting it might be a crazy market in the upcoming week.



On a positive note, if congress can come to a deal before the deadline.. pop!

 

[sniper]

Now to unleash my inner BirchTree. Have a good weekend all!

View attachment 21494

breakout watch for S&P @ 1429. if that happens, price target @ 1500+ range. am i going nuts?

 

[sniper]

Charts are looking good, but needs volume for confirmation

 

[twodaystocks]

breakout watch for S&P @ 1429. if that happens, price target @ 1500+ range. am i going nuts?

I will just be happy when it gets away from this 1425 glass ceiling it has on it.

 

[sniper]

tna buy stop got triggered, game on. daily chart is showing a morning star, looks good so far so good

 

[twodaystocks]

tna buy stop got triggered, game on. daily chart is showing a morning star, looks good so far so good

Nice, I got in @ $59.48, trailer at 1.5%. Really wish I hadnt set my stop so close on JVA. I would have had a really good day today.

 

[Birchtree]

I've learned over time to never use stops - now I just let'em fly. These markets are just too volatile.

 

[sniper]

Nice, I got in @ $59.48, trailer at 1.5%. Really wish I hadnt set my stop so close on JVA. I would have had a really good day today.

good timing on that trade. I basically was looking at this and after the breakout of the triangle, i set a buy stop.



5-day chart (15 min interval) looks like it's trying to form a cup. My price target on TNA is 61.20

 

[twodaystocks]

What moving averages do you use on your inraday charts?

 

[twodaystocks]

I've learned over time to never use stops - now I just let'em fly. These markets are just too volatile.

Im too scared to let em fly without nets. It saves me from my "it'll come back up" mentality.

 

[sniper]

What moving averages do you use on your inraday charts?

20 and 50 SMA

 

[sniper]

I've learned over time to never use stops - now I just let'em fly. These markets are just too volatile.

you got some big cojones man, but you do have some good returns to prove your system works as well

 

[MaStA]

Sold the XIV I bought at the close Friday just now for ~3.5% gain. Not too shabby for a day!

 

[sniper]

Sold the XIV I bought at the close Friday just now for ~3.5% gain. Not too shabby for a day!

not bad at all!

 

[MaStA]

not bad at all!

Now if only I can keep it up...today was a bit strange. We skyrocketed without any substantial news really. Just more talking between the big wigs it seems, but I'll lock in my gain none the less on that trade and move forward. TSP account is still 100% invested so I am still hoping we go up.

 

[sniper]

damn check out the russell 2000's 15 minute chart. the reverse flash crash? haha

also good news for long-term bulls, weekly MACD just went positive. hope this level will hold