Monday ramblings

3:53
sold rest of tza daytrade at .81 for profit and 4.51% profit.  Took the loss on sds at 36.11.  paid 36.99 for sds, sold 36.11 for 2.4% loss

3:31
TARGETS tza: . 1187 1194 1217

3:29
theres tza .76....looking for .85

3:27
tza 1176 should bring .85

2:45
mental stop in sds swing at 35.84...might sell there and take my loss

2:43
if spx closes at 1105, doesn't tell us much, it will leave the charts confused... over or under the 1105 should be more revealing

2:35
tza support at 11.66,,,,1158 1154..but my charts say wait for re-entry in tza

2:31
also the 15min tza slammed into bollinger and pulled back...it could easily push out of it tho

2:25
1176 stop tza hit for 4.07% profit... have last 25% left now


2:22
stop set to 1176 on half of remaining tza for 4.07% profit.  last is 11.78...prob get hit

2:18
tza 1167 emergency stop set...emergency in case it plunges and broker order screens freeze...

2:15
TARGETS tza: . 1187  1194  1217

2:13
tza hit 1183 target exactly and backed down...3min candle... still looking for .83 again then .89

2:12
the fact that spx 1105 has held so strongly suggests that IF it does break (i think it will), it could trigger a quick drop to 1097

2:08
depending on how day ends, i might keep some tza / sds overnight...unsure yet, but the charts could shape upp that way, but not yet.

2:05
TARGETS tza:  11.83, 1189, last 1165. but tza needs .74/.77 to accellerate

2:03
spx is on a near perfect touch of a backtest to its broken dtl...causing this stall....last 1104.7

2:01
TARGET: next sds targt is 36.21

1:58
marginal break of spx 1105...last 1104.70....that doesnt count...yet

1:50
Charts in various timeframes are confused, thrrowing bull and bear signals now. before the charts said 1105 should break...now confused

1:47
my charts say "no new trades here. tighten stops whether long or short"...stops were tightened 10mins ago. bias intraday slightly up right now...but only slight. to me, spx under 1105 bearish intraday, over 1105 bullish (simple view without indicators).


1:41
stop .53 for half of my remaing tza (25% of original buy)... i dont want to give up 2.03% profit

1:35
spx 1105 "should" break this time...but its contrtrend intraday

1:31
my sds is behaving much better than the tza right now

1:29
stop hit.
i should have taken the .71 when i could...hit my target but tried for higher.... half of my position is left now

1:22
tza stop .61 on half of remaing tza for 2.7% profit...other half at breakeven stop; raised from .57 to .61

1:07
tza 11.77 lim sell cancelled... will do mannually..could go higher

TARGETS tza: 11.77, 11.83, 1189, last 1165

1:02
tza stop .57 on half remaining, other half stop breakeven. last .63

1242
lim sell tza 11.77 if filled for 4.1% profit daytrade....last 1170. for tza conserv traders would sell here at .70 or put stop .65

1235
spx did a near perfect touch to its broken DTL on this backtest...see if it bounces higher or if it breaks back below. surprisingly, right now, charts suggest lower spx. last 1106.

1232
tza close to 1177 trgt...last 1170

1231
sds 3596 tfgt hit...next 3603

1228
spx is in danger of stairstepping down to LOD...still bullish spx..but its a red flag. 10/15min chart. but 60min shows a bull flag still

1214
another crouching tiger forming sds ... the last one sprung..last sds 3583. 3596 tiger trgt.

12:08
60min spx bull flag..could see more down first but thats bullish until broken down

12:01
tza .60 (now) or .68 are decent profits... i'll hold mine longer

12:00
tza 1163 trgt hit. 11:50am sds target was 36.03..hit .04, last 36.00

11:58
3583 sds target hit..should get the .87
 
1156
crouching tiger here...see if it springs up in sds. last 1175.

1150
TARGETS sds: 3583/87.... 36.03. last 3574
TARGETS tza: 11.63, 11.77. last 1153

1147
sds trying to break over .80 in 4 minutes

11:31
conservative traders would take profits here in tza at .55 from .30

11:26
removing the lim for tza .63...will do manually..may pop lil higher

11:21
10minute asc triangle in sds suggests poss higher sds (lower spx) with sds target 35.87, close to the prior .83 target

11:15
limit sell some tza 11.61 if filled for 2.7% profit ...last 11.49

11:02
sds 35.72ish is resistance, and 35.83. If .83 can be hurdled then possible backtest of broken trendline at 36.01. inability to hurdle could cause new daily lows.

10:55
sds needs over 35.83 else could make new lows. 3573 last.

10:50
selling small piece of tza for 1.1% profit at mini R at 11.44

10:19
TRADE:  Bought some tza at 11.30.... buying near support.  tza trgt 11.77...unsure if it will make it there

* ChristopherStockGuy is not an investment advisory service, nor a registered investment advisor or broker-dealer and does not purport to tell or suggest which securities or currencies customers should buy or sell for themselves. For details, see the post from SATURDAY, AUGUST 15, 2009 titled "Disclaimer".