sniper's Account Talk

[sniper]

Yep, I saw you drafting Best wishes for all of us. While I love the gains we got yesterday, seeing all those "S" funders drop made me feel sad for them.

don't feel sad, the S fund was the top performing fund this month. whoever was holding it was probably doing pretty good

 

[sniper]

already stopped out of TZA, no gain. always have shitty luck playing tza, i should just stick with bullish plays since i usually win on those haha.

 

[sniper]

System is staying in the S fund for next week. have a great weekend all

 

[sniper]

Pullback coming soon? Despite nice gains by the Russell 2000 small caps (IWM Chart), the close doesn't look entirely bullish.



Hourly chart, last 2 hours didn't look like a good way to finish the day.

 

[sniper]

ready for some football? :nuts:

Super Bowl Winner? The Stock Market | Fox Business

 

[burrocrat]

ready for some football?

normally i would place my bet on weather, conditioning, momentum, skill, or some other such nonsense, but i'm thinking today might be a good day for ray lewis to get what he deserves.

or as romans 12:19 so eloquently put it: 'vengeance is mine' sayeth the lord.

i think that selfish gloatin' murderin' baltimore showboater is about out of time. now it would be a sin to wish he gets broken in half, but if it should happen... i won't lose any sleep.

not sure what that does for the market though.

 

[sniper]

i hate ray lewis too, even more so because i'm a steelers fan. go niners, i dont care if they tie us in sb wins, better than seeing the media circle jerk on ray lewis continue

 

[sniper]

well ****, there's no stopping this market, still riding it

 

[sniper]

officially done with tza, i don't think ive ever had a winning trade shorting the market. sign me up for the birchtree permabull express lol

 

[CrabClaw]

officially done with tza, i don't think ive ever had a winning trade shorting the market. sign me up for the birchtree permabull express lol

The bear's day is coming, probably sooner rather than later. I have not had much luck on the short side lately either.

 

[sniper]

The bear's day is coming, probably sooner rather than later. I have not had much luck on the short side lately either.

it's either i've never been an investor in a bear market, or it's a lot harder to time down moves than up moves. All the wins I've had over 10% were all on the bullish side. in any case it's been educational haha.

 

[sniper]

yesterday's move looked like a classic head-fake. price action went upwards but stochastics and macd continued to drift down. the rally is getting tired, but who knows. with x-factors like draghi and helicopter ben, going up is another possibility.

If I were trading, I'd sell my longs, but my TSP system waits till friday to make a transaction (where the weekly candle is mostly completed by then)

 

[sniper]

well, might have been wrong in calling the top but +.4% i'll take that

 

[MrJohnRoss]

well, might have been wrong in calling the top but +.4% i'll take that

A short term top is almost certainly near. How far we go down is the next question. I'm not expecting much. Just a pause to refresh, and scrape a few barnacles off the sides.

 

[sniper]

Daily MACD just went negative on the DOW. All major indexes seem to be losing momentum, the Russell 2000 is fighting, but won't for long without the cooperation of the broad market. Nasdaq weekly chart is almost scary, looks like a head and shoulders with a target of 50 (QQQ) if it plays out. Add into the equation that Apple / Tech stocks have been weak in general lately, I can see that happening.

Weekly charts are looking like the top could be in, may get a sell signal for my weekly system tomorrow. F or G fund depends if i like what I see on AGG's chart, if not, G fund

 

[MrJohnRoss]

Daily MACD just went negative on the DOW. All major indexes seem to be losing momentum, the Russell 2000 is fighting, but won't for long without the cooperation of the broad market. Nasdaq weekly chart is almost scary, looks like a head and shoulders with a target of 50 (QQQ) if it plays out. Add into the equation that Apple / Tech stocks have been weak in general lately, I can see that happening.

Weekly charts are looking like the top could be in, may get a sell signal for my weekly system tomorrow. F or G fund depends if i like what I see on AGG's chart, if not, G fund

I'm right there with you. Waiting for the S Fund to trigger a sell, and then we step aside for a bit. Patience...

 

[sniper]

Although today's intraday activity was a pretty impressive reversal, looking at the 15-minute chart, I'm thinking it's not out of the woods just yet. The reversal was enough to make daily charts look healthy, but looking at the intraday activity, the rally in the final hours failed to bring the price above would would be the right shoulder line of a H&S formation.

This could go either way still, 90.25 level on IWM will be big, and will almost surely be tested right from the open. For the bulls, it will need to break and hold that level.

 

[sniper]

System is close to a sell, but close only counts in horseshoes, staying in S fund for next week

 

[MrJohnRoss]

System is close to a sell, but close only counts in horseshoes, staying in S fund for next week

Good call, just like your tagline says.

 

[sniper]

wheels on the bus go round and round... and you're the guy under the bus