Wedn ramblings (and Tues eve ES futures)

403
SUMMARY
100% winning or breakeven daytrades today. Did take a loss on the TZA swing but that was covered by daytrade profits. Ended green.

400
on friday, or monday SPX IS IN DANGER of a bear evening star confirmation... wouldn't take much to get one

358
spx looks like it has some unfinished business on the upside...maybe just test prior high,,, futures overnight could change all that

352
tza doesnt look like it will make the .97 target...it did make new HOD but only by 2 cents

342
well tza did make a new high as i thought, but i was unable to sell it. i was stopped out breakeven.

337
tza "should" get another pop today...but its right at R at hod

334
tza stop .79 not .77 now

3:27
crazy...both my sso and tza moving up same time here

3:21
poss spx bear HS 3min formin

2:57
.89 stop on all but 10%

2:54
spx can fall at any minute,,,but charts say it has more unfinished business on the upside. last 1110.5

2:53
W target 3814,, other target 3807

2:52
sso trying to break the W in 133t now

2:50
stop .87 on all but last 10%

2:41
changed my mind i'll


keep 10% into the close on sso...rest

is stop .82
 
2:35
sso 3797 should bring 3807

1:41
sso is in an upchannel, with support line around .76

128
stop raised to .76 for all of sso. last .80. eithr it breaks .82 or im not interested

125
if a second test of sso .82 fails then i will likely exit this thing.

119
sso stop .74 on 75%

115
37.82 sso should give 37.90 next. last 3780. the sso is a contratrend intraday trade so dont know how much we will get from it

1:07
TRADE:  crazy...theres crouch tiger in sso so i'll try it...in at 3777. scalp only. dont know how much this will pop, if at all. stop 3770

1:01 PM
TRADE: update: took small loss on the swing (3 cents) but the swing loss more than offset by the tza daytrades. I could keep the swing, but trying for a better price.

1258
TRADE: SWING SOLD AT NEAR BREAKEVEN IN TZA. will look to re-enter....currently FLAT except for small 25% daytrade piece. swing sold near breakeven

1254
selling 50% of tza at the market at .82.  i think spx might pop up a little here as its at the 1008...so exited

1248
spx 1008 test is impt here tho

1246
.80 not .81

1246
stop 11.81 on some of the tza...good stop for 50% of a small position

1242
tza pattern target is 12.01 / 11.98 after getting 1184, 1188, 1198, 1201

1241
tza stop on 75% raised to .77

1235
tza 11.80 trgt hit second time here

1230
tza stop changed to 1173 from 1174. breakeven.

1221
this would be a good spot to enter a tza swing to "try it out".... setting a stop... the charts are starting to form a nice swing short signal, though no official swing setup yet for me, but forming nicely

1216
tza pattern target is 12.01 / 11.98

1213
tza needs to get over these R: 1176, 80, 84, 88....each could be a target to sell.. i know they r close, but its also a cheap stock so a few pennies represents more % move, and it is what it is

1212
tza bull W continues to form in 133t

1211
stop raised to .74 on 75% of tza daytrade from .73

1207
bulls are struggling here...look at all those small candles on the 15min spx...and they are small within a narrow range day... its up but tough for them,

1202
tza tic chart trying to form bull W....not finished, under construction

1157
wow....tza "should" be breaking higher here, if not then i may exit, somethings wrong. last 1174

1152
LOL it figures that my .73 tza entry is the exact resistance in tza...keeps stalling there...grr...should break here tho

1148
here is 10min bull


diverg in tza which is why i entered

b4...but they take time to play out

sometimes
 
1136
grr is spx would stall for just 30 seconds on .50 pt lower then tza could break higher. YES tza mirrors RUT not spx, but markets are connected.
1130
90% formed crouching tiger tza now but .70 must hold

1125
poss bull inv HS forming in 2min tza

1122
nervous tza traders could exit here at 1170

1121
tza stops make sense at .63 and .52. mine for daytrade set at .63...will prob see .57 if .63 breaks

1120
sso 3788 and 3786 both hit...higher trgts same as b4

1118
sso 3786 not 3788 is ES 1109...good place to take profit or tighten stop...tho could easy break higher to next trgt.

1115
mental stop tza 1163....

1111
see if sso hits my old targets of 37.77, 3788, 3807, 3827... might get the 3788
(i am out of sso now though...took minimal profits before when stopped out)

1110
tza might not hold 1165...spx breaking higher...though it has done "better" than sds

1102
bought tza 11.73 for daytrade. crouching tiger will form if tza hitss 1177

1056
buy more tza 11.70 limit if filled

1043
tza is in a coil that could chop around until 11:09 AM at current velocity

1030
the TZA stop is wide...if it surges i will daytrade it, then buy back as swing...if it lags i will keep as swing....

1024
stopped out sso at .72 for all except 25%

1022
sso stop .72 on alll but 25%

1019
sold some at .77....i must per my rule to sell at R

1015
this pattern usually should give at least one more pop higher in spx, intraday, within next 30min

1014
2 cents from stopout on 75% sso

1010
spx near R now but charts suggest higher

1006
sso 3777 target was hit 2 times

1005
stop on 75% of sso at 3767, above .63 cost.... if it doesnt hold here i want to get out and re-eval

1003
huge bear shoot star spx but needs confiirmation

9:58
sso looks ready to breakout higher but hardd to tell since its at the crucial 10am volatile hour mark
crouching tiger here...but 10AM could mess it up


939
TRADE: sso targets 37.77, 3788, 3807

938
TRADE:  in sso at 37.63 stop 3730 for now. mental stop at 3752

9:25
ES under 1106 would be bearish, since it represents R from yesterday.

9:23am
ES hit a high of 1111.25 and followed the roadmap below. It was able to finally overcome the 1107. A pullback, at least a small one, of course was expected at 1111

Wedn 7:30 AM

The ES was able to break over 1107, and reached 1109.50, but has been unable to break over the 1109.50 to test the 1111/1112. Last ES 1008.50.


Tues 6pm
Quick update... will perhaps add details later, and perhaps refine the targets below.

Range: 1095 to 1107.
Bullish: Break of 1107 suggests 1111 and 1114
Bearish: Break of 1102 suggests 1100, 1095, 1092, 1089, 1085, 1083


* 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".