Tuesday ramblings (and Mon nite futures)

3:59
out of tza .37

3:08
i need to put stop in tza at 11.27 in order to stay green today...it should be looser but thats where i'm putting it

2:40
some sso at .70 limit if filled

2:37
spx 15min is coiling

2:36
bear divergences setting up for spx...but need time to manifest...could see more up first

2:32
the 15min small candles in spx look to be continuation pattern to upsdide

1:52
in sso 37.81 at the mkt...for breakout

TARGET SSO: 38.03, 38.19


1:50
out of tza...at .27....loss

1:33
more tza 11.36. cost now 11.41

1:08
in tza 11.47 stop .27 for now

1255
RSI analysis for SSO:  60min uptrend, 15min DTL but broke over the DTL and holding, 10min rect range with upside break and holding.  other charts suggest some consolodation here, then more up, IF support does not break during consolod

1246
if markets were acting diff, i would actually go momentum long daytrade here...but waiting for now...if i miss it, then oh well

1242
i'm getting closer to a swing setup, but nothing firm so far...only half baked now

1237
TARGET SSO: adding 38.19 after 37.74, 38.03

1225
stop .67

12:22
stops on 50% sso at .57 to get at least some $

12:10
if sso doesnt get higher here i might exit it breakeven...it should be pushing at least marginally higher

1155
sso crouching tiger setup now

11:52
TARGET ----- sso 37.74, 38.03 target...last .49

1145
sso is contr-trend intraday...15min slope is down...so being nimble

1139
sso needs to hurdle .58

11:38
trying a lil sso here at 37.48. stops could be set at .38 if tight, or lower for looser. i will leave it a little room because very choppy waters here.
 
11:33
charts suggest a re-entry in tza might be feasible, but not yet, for me. Waiting for the right setup.

1126
this is tough here today...in cash no positions, small profit, looking for entry on either short or long...short more likely first...but nothing now

1010
TARGETS: 1159, 11.78, 1185, 12.07. .expect stall at .88
1008
a stall at 11.58 is expected...

1007
tza first target hit...... 1159

9:59
targets tza:  1159, 1185, 12.07

9:46
in tza 11.45. might at more at .36...

9:36
tza looks headed for 11.66...last 11.55

9:01 AM
Since 1AM ES has been in a rectangle range 1101--1106. Charts suggest that it will convert to a bear descending triangle, break 1101, and test 1098, and hit 1096. Now, that's given current activity pre-market. At 9:30, things could change. The pattern does not call for the 1098/96 to happen before 9:30 AM, so lets observe.

Buy the dippers could surface and hold up the ES.


* 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".