sniper's Account Talk

Ouch! Time to get the Note 2...it's bad ass!

it still works, just screen has cracks in it. ah well, it's just battle scars to add some personality haha.

set a buy stop for TZA at 13.83. I'll let yall know if it triggers when i wake up tomorrow, lol :)

TZA play is just a short term one, will probably kill it on friday (since there's a lot of hope & happy joy joy **** that can go on over the weekend)

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SPY ascending triangle continuation pattern, about to break to the downside? VIX started running again 5-10 mins ago

12-20 SPY.png

edit: just whipsawed, broke below the triangle, now running above it. interesting to see if it holds
edit again: just bounced back inside. interesting, that's why i wait for confirmation candles instead of pouncing on a trade haha, sometimes have to be careful trading the news as the initial market reaction is often the wrong one
 
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Breakout, then confirmation on the next candle w/ test of the breakout point & staying above. should be good for the rest of the day :)

took a bite of SPXL while I was at it

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SPXL play looking not bad so far, broken first overhead resistance in the last 15m. I fund still continues to rip (EFA up .75%)

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drowning my sorrow with a 12 pack of deschutes, this is the last day i ever have faith in politicians to ever get **** done.

republicans, democrats, i hate both sides equally. independent for life

I even seen this **** coming, but somehow rode the wave of optimism, will definitely be paying for it in $$ tomorrow
 
drowning my sorrow with a 12 pack of deschutes, this is the last day i ever have faith in politicians to ever get **** done.

republicans, democrats, i hate both sides equally. independent for life

I even seen this **** coming, but somehow rode the wave of optimism, will definitely be paying for it in $$ tomorrow
Agreed. I hate politics. But is all we have. If we go over the cliff it's not the end of the world but stocks could take a hit. I'm surprised we aren't down more. So that's a good sign.

This is why you can't play headlines IMO. We are overbought and needing a healthy pullback anyway. This just gave folks cover to take profits.
 
no doubt. pullback is one thing, but when I saw S&P -45 on the futures I panicked, -3% in a day?

glad I woke up and realized it was just another down day and not -1000 pts like 2008. Actually pretty stoked this morning that we're 'only' down 100 points after the kneejerk reaction in the futures yesterday. Totally gave me flashbacks of holding MRVL through earnings, being up 8% then waking up the next morning seeing a 24% loss
 
no doubt. pullback is one thing, but when I saw S&P -45 on the futures I panicked, -3% in a day?

glad I woke up and realized it was just another down day and not -1000 pts like 2008. Actually pretty stoked this morning that we're 'only' down 100 points after the kneejerk reaction in the futures yesterday. Totally gave me flashbacks of holding MRVL through earnings, being up 8% then waking up the next morning seeing a 24% loss

I felt sick when I saw that. All things considered, being down a little over 1% today isn't that bad. I am just confused as to what has changed from yesterday when it was clear that Plan B was going to be vetoed even if it passed on the vote.
 
I felt sick when I saw that. All things considered, being down a little over 1% today isn't that bad. I am just confused as to what has changed from yesterday when it was clear that Plan B was going to be vetoed even if it passed on the vote.

guessing some big money players wanted to be silly and it had to do more with the mayan calendar hoax than plan B :laugh:
 
nice recovery intraday considering how nasty the open was. VIX was up +10% and now looks to be plummeting to under +3%. S&P losing less than 1% is a sigh of relief after seeing the futures yesterday
 
nice recovery intraday considering how nasty the open was. VIX was up +10% and now looks to be plummeting to under +3%. S&P losing less than 1% is a sigh of relief after seeing the futures yesterday

My buy stop got triggered on SPXU and FAZ, and they just sank after that so I lost a bit today. After that, I stayed out, just kept the stuff I already had. BAC calls, and INCY, other than that, Im cash right now.
 
I'll go back to posting charts regularly again after the cliff is resolved. When the market is this news driven, tech analysis can probably be tossed out the window
 
Finally got the boom, waiting out the storm paid off. Though I'm a little concerned about the reaction to the news, which is actually sloping downward since the open. Might exit tomorrow as I think some degree of retracement is coming (though nothing major)
 
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