sniper's Account Talk

I don't think I want to be in a two-seat outhouse... seeing as how being in a 1-seat outhouse is bad enough! I once drew a picture of a 3-seat (3 tiered) outhouse that depicted our agency's management style. It all flows downhill you know.

You didn't post it behind your desk did you. :laugh:
 
Nasdaq showing some weakness, bad sign for the S&P which has been following suit this past year

also apple down another 3% ow, thats one rotten apple
 
Last edited:
Only because AAPL is being punished. HPQ is holding up the index for now.

was thinking that C fund might not be the place to be until Apple starts showing strength, their performance has a huge impact on large caps (obviously haha). their weakness is probably a huge reason why small caps are outperforming
 
Apple seems to be single handedly holding down SPY/NASDAQ but small caps are performing strong. If my system stays on a buy, I may switch to 100% S or a combination of S&I (my changes are made only on fridays before COB)
 
If BAC can show some gumption tomorrow that may provide the catalyst to light this rocket - because it wants to go.
 
If BAC can show some gumption tomorrow that may provide the catalyst to light this rocket - because it wants to go.

"Bank of America posted fourth-quarter net income of $700 million, compared to $2 billion in the same quarter in 2011. On a per share basis, the second-biggest U.S. bank earned 3 cents for the quarter; it wasn’t immediately clear whether the figure is comparable to estimates of 2 cents. Adjusted revenues of $19.61 billion came in short of the $21.11 billion analysts forecast. "

Lets see how this affects BAC, financials, and the market...
 
S&P at a critical point, needs to push more to avoid the double top (weekly chart)

View attachment 21904

that level was broken with today's up move, but we're not out of the woods yet, has to hold above it through friday to confirm the breakout. looking nice so far, though.

SPY just made a new high (previous high was 148.11, now sitting at 148.18)
 
We could see more points on the board after the 1500 hour - then the stomach cramps from the bears will really kick in. I woke up this morning with the sweet smell of superlative bull manure in my nose - I left my bedroom window open last night and Ferdinand was hanging around outside.
 
We could see more points on the board after the 1500 hour - then the stomach cramps from the bears will really kick in. I woke up this morning with the sweet smell of superlative bull manure in my nose - I left my bedroom window open last night and Ferdinand was hanging around outside.

hope so! i'm all in until the weekly chart tells me to get out (which isn't showing any sign of weakness atm) :)

smart money can usually manipulate the day to day fluctuations but there's no fooling the weekly chart.
 
Bear market rallies are sharp, quick, loud, noisey, make you feel good all over, get people talking about them. They pull you in and then bury you soon after. Me, I'm in up to my neck in a warm pile of bull manure and cozy.
 
staying invested, my system is saying hold. have a good weekend all

couple interesting things, VIX is down almost 4% and looking to go below 13. investors are starting to get very complacent which is making me think that next week might be time to sell. we'll see how things pan out.
 
The VIX is still saying the herd will arrive sometime later today to take the SPX to 1490. Anybody need a ride to the second inauguration. Didn't think so.
 
The VIX is still saying the herd will arrive sometime later today to take the SPX to 1490. Anybody need a ride to the second inauguration. Didn't think so.

yeah i was thinking there'd be some BTFD'ing going on before the end of the day. not just wishful thinking if the VIX is tanking. in either case this was a good week even if it stays at its current levels.
 
Back
Top