Thread: sniper's Account Talk

Huge volume spike in the last 30 mins on SPY, bears are showing up again. No real change in volume in AAPL, which is a surprise to me. Nobody holding Apple seems to be taking profits, they're holding and hoping for a rally. If they don't have a strong beat there's gonna be a lot of pain. But the potential for a monster move up is always there with Apple as well. This is gonna be fun to watch

edit: Something seems fishy about this move up. All the big moves up were gap moves overnight, so unless you're a bag holder you missed all the moves upward. However, in this current market, holding overnight is a huge downside risk. Feels like it was a pump and dump but we'll see.

Originally Posted by sniper

Huge volume spike in the last 30 mins on SPY, bears are showing up again. No real change in volume in AAPL, which is a surprise to me. Nobody holding Apple seems to be taking profits, they're holding and hoping for a rally. If they don't have a strong beat there's gonna be a lot of pain. But the potential for a monster move up is always there with Apple as well. This is gonna be fun to watch

edit: Something seems fishy about this move up. All the big moves up were gap moves overnight, so unless you're a bag holder you missed all the moves upward. However, in this current market, holding overnight is a huge downside risk. Feels like it was a pump and dump but we'll see.

Yeah, I wanted to buy some appl but it gapped up. Been a lot of sell on the earnings. I may wait for appl to report before I buy.

Originally Posted by clester

Yeah, I wanted to buy some appl but it gapped up. Been a lot of sell on the earnings. I may wait for appl to report before I buy.

Nice, yeah similar i was looking to get into FAS or SPXL for the short term, but the big gap up made me hold my hand and wait. Volume was also really low on today's jump which made me even more skeptical. In any case all eyes are on apple's earnings, The strength in the S&P and Nasdaq were probably due to optimism on Apple having a strong report.

Looking to move to the F fund soon possibly. Was previously in a semi-defensive position of 65% G 35% C. Did take some pain on the way down, but it could have been a lot worse I always have something in the C fund since I'm still about 20 years away from retirement.

I usually make these moves on Mondays, since I use the weekly / monthly charts for my TSP decisions.

Originally Posted by sniper

Looking to move to the F fund soon possibly. Was previously in a semi-defensive position of 65% G 35% C. Did take some pain on the way down, but it could have been a lot worse I always have something in the C fund since I'm still about 20 years away from retirement.

I usually make these moves on Mondays, since I use the weekly / monthly charts for my TSP decisions.

I tried using F as a defensive move in October, thinking it would go up as the equities were tanking.
Didn’t work out too well.....F went down too!!

Good on you for staying with some equities since you have a lot of time. It’s just me, but I would stay away from F at least till the whole ‘FED messing with interest rates’ settles out. It is not behaving in any predictable fashion.

Good Luck in your investing!!

Originally Posted by uscfanhawaii

I tried using F as a defensive move in October, thinking it would go up as the equities were tanking.
Didn’t work out too well.....F went down too!!

Good on you for staying with some equities since you have a lot of time. It’s just me, but I would stay away from F at least till the whole ‘FED messing with interest rates’ settles out. It is not behaving in any predictable fashion.

Good Luck in your investing!!

Thanks! Still holding that 65%G 35%C, my system hasn't triggered to F yet so I'm staying the course. I made a vow to be much more mechanical with my moves, since fear and FOMO have gotten me into trouble in the past.

Picked up some TNA for a short-term trade (SL at -2%), markets are showing some fight in them. Financials are showing a lot of strength which is a good sign for the market. Kicking myself for seeing a decent setup with FAS on friday and not pulling the trigger this AM. Could have been a quick in & out for 3%. Oh well

Took some profits on the TNA up about 2.6% from where I bought it. Moved the stop on the rest of the position at the break even point and will let it ride wherever it goes.

XLF is nearing $27 which I see as an important point. SPY is getting close to the 200MA so I have a feeling something's happening soon. I'm leaning on the bearish side since this rally's volume doesn't have me convinced.

The half position on TNA's working. Love when the no loss position continues to work, get to wake up and drink my coffee to another nice gain

I have a feeling this is going to pull back soon

SPY / On Balance Volume
18-11-8-spy.png

Moved up my SL on TNA to $70. Looking to buy some SPXS if SPY can't hold 280

Though honestly with the Fed announcement today, who the heck knows what's happening

Well I'm in a weird spot. SPXS buy target hit, and TNA came within 2 cents of getting stopped out and bounced back up. Net short overall

TNA stop hit, that was a fun ride We'll see what SPXS does.