Wedn ramblings (and Tues eve ES futures)

3:47
out of tza at .53 for daytrade,,,,keeping the swing tza overhight

3:34
charts suggest higher tza into the close ...BUT they are not so useful after 3:30

2:59
current conditions suggest breakout tza at 3:39pm....prob will speed up as wee move along

2:44
tza needs to thrust up...there is a mini intraday bear diverg 3min....

2:33
i think...the tza is a false breakdown out of its ascending bull triange....see if it climbs back in...tirky here

2:30
tza tick chart mild bearish...broke below its UTL..see if backtests and break over it avaing

2:16
if tza doesnt hold here ....11.51 next

2:14
tza testing the RSI support line now,,,,needs to hold around here

1:55
if tza can hold the .65....that crouching tiger setup should trigger... to push to 1190 next...but .65ish needs to hold

1:48
tza is bullishly churning...for now. last 11.70

1:38
tza is in an hourly bearish wedge right now. but i'm looking for it to break over 11.80 and convert the wedge to an upchannell. within the wedge, there is embedded a smaller upchannel...tza hourly stoch pushing 85

1:32
tza looks prepared to break over its RSI downtrend line on the DAILY.....watching

1:19
more tza at the market...filled 11.67. limit buy cancelled.

1:14
BELOW the market... buy tza limit 11.58 if filled...will pay more if needed

1:05
a close today over 1185 tza would be bullish tza

12:54
tza still is behaving....

TARGETS: tza has resist at 11.74, 11.90
TARGETS: tza targets after .65 are 1171, 1181, 1188, 1209, 1220,1237,,,with stalls at each one

 12:48
Right now, bearish signs continue in spx, but mixed with bullish. 2 daily dojis so far.  this morning, pre-market, i suggested that ES 1008 could become resistance...so far it has held...can't really get over 1006. of course, that could all change with afternoon vol.

12:28
TRADE: in tza at 11.61. stops under low of day, or 10.96

in tza at 11.61.  but builidng small position....willing to hold some overnight....this is higher riskk overnight...i do not have a short setup yet...early entry to scale in.

If tza surges today, i'll take profits, then buy it back cheaper, else holding with those stops

12:05
this coil could be at the breaking point in next 10minutes or so....unsure if it will break or meander along

1158
hourly spx candle...doji..indecision

1148
37.81 is sso coil R...last .73...see if it holds or breaks

1118
spx is coiling..warns could go up or down from here

1059
tza starting to look better for entry, but there is a bear divergence, i'll wait to see if it takes effect and pushes prices lower before entering there.

1054
one cent away from sso stop...not changing this one...will take small profit still if stopped, rest set at breakeven .47

1045
not taking profits at .81...will try for .90 instead

1042
taking some profits here at .74 target...in sso. holding rest for higher

1041
spx breaking over channel resistance now higher

10:39
spx in steep, intraday mini up channel now (3min)

10:35
spx ascending triangle, inv hs in 3min (bullish)

10:30
TRADE: sso stop set at .48, right over breakeven of .44
10:17
TRADE: in sso at 37.45.... stop at 37.11 hard, mental stops 37.35, 37.17

TARGET: 37.81 chart target first for sso. targets/stalls at .61, .66, .70, .74, .83, .93

in sso 37.44 for bounce....expecting the 1100 es to hold... i like tza later...the sso for a bounce scalp, maybe more...

10:07
TZA fibs (1):  1156,1150,1146,1141,1135
TZA fibs (2):  1158,1155,1152,1148,1144,1138


The fibs are close to each other because the stock price is low (eleven cents is 10%)

10:03
tza stalled at .65 as expected.

TARGETS: tza targets after .65 are 1171, 1181, 1209, 1220,1237,,,with stalls at each one

those are tza targets, but don't see entry yet


9:57
expecting tza to stall at 11.64....last is 11.60
9:57
ES supports 1102, and 1099.50 (1099.50/1100 stronger)

9:34
with the market now open, and some volume, ES definitely needs to hurdle 1108 for bulls. Inability to do so would indicate weakness, with the 1108 being converted to resistance.

9:02
If it were 3:50 PM, and if the SPX charts looked like the ES charts do now, it would be a good swing short setup. Of course, it's not 3:50 PM now, but thats what a good setup would look like, to me at least. It would be an early setup signal, with the more conservative being to wait until the next day for confirmation.

8:47
1108 held R,,,11105 trying to break on second test

8:44 AM
ES futures just put in a red bar, quickly declining from 1110 to test the 1105, which has held and bounced to 1107.  It was on high vol for pre-mkt.

Let's see if 1108 is converted to Resistance in ES.

NQ is weaker than 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".