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sniper's Account Talk
- Thread starter sniper
- Start date
sniper
Active member
He was great but it was time, he wasn't producing at all last year even when healthy. But still kinda sad to see him go, he was an icon for every steeler fan out there
FogSailing
Well-known member
I'm starting to think my chart reading is like my map reading....time to head back to leadership school;swear Now where am I?
FS
FS
Lakebound
Member
FogSailing
Well-known member
sniper
Active member
Got an SPXL buy order that's close to triggering (46.70). Looks like for the short term we're going to run up, but also looking to exit within the week.
Intermediate term I'm leaning bearish. The SPX and Nasdaq have held the 200MA, but IWM has not, by a long shot. I won't be suprised if this is a short term bounce before going off another cliff, we'll see. Though failing to hold the 200MA is usually establishing a down trend, which I would already say the IWM already has. Same goes for IYT.
Intermediate term I'm leaning bearish. The SPX and Nasdaq have held the 200MA, but IWM has not, by a long shot. I won't be suprised if this is a short term bounce before going off another cliff, we'll see. Though failing to hold the 200MA is usually establishing a down trend, which I would already say the IWM already has. Same goes for IYT.
sniper
Active member
Buy didn't trigger so still on the sideline, that little rally ended in a whimper lol. SPY ended below the 200MA which is not good for keeping the uptrend intact, close to confirming the downtrend if it hasn't already.
I've been bad at calling downtrends historically though, so who knows. I've yet to trade in a bear market though, so I do have to say if this is the real thing, it's a pretty interesting time for me.
I've been bad at calling downtrends historically though, so who knows. I've yet to trade in a bear market though, so I do have to say if this is the real thing, it's a pretty interesting time for me.
Last edited:
sniper
Active member
buy on SPXL triggered @ 46.70, up almost a dollar from there. We'll see where it goes from here, probably will look for an exit around 49ish.
Still really keeping an eye on small caps and trans, since those being under the 200MA worry me. But they're both showing some fight at least right now.
Still really keeping an eye on small caps and trans, since those being under the 200MA worry me. But they're both showing some fight at least right now.
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