Wednesday trades

3:36
my work in 15min and daily timeframes supports short now---but the 60min doesnt support it, for me, yet. Actually, the daily has quasi support to short the spx. so i'm waiting.

3:27
the possibility of spx 1070/71 is still there so far....when thats removed i'll go short

3:03
i want to enter here short swing spxu sds SH, but i have too many conflicts, for me. i'll wait even if i must pay a higher price. my work says there is another push up in spx, and then short. the push up might not come today. but like i said b4 if 1048 breaks lower than things diff. then could head down in a hurry.


3:01 pm
1071 spx would be nice place to short, given current conditions.  will adjust later. last spx 1058.

2:39
my work says spx not finished up yet....doesnt say how high...1063? 66? 74? yest there was a pattern that pointed to 1067. spx last 1059.

2:37
will consider spxu at 43.07....no buy order yet

2:26
for now, charts say up. spx last 1054

1:27
i might be forced to buy back my spxu for MORE than i sold the last piece for,but that's life. My rule said cover so i had to

1:24
the best setup for the bears would be a move no higher than spx 1068.

1:07 pm
spxu thus far has held the breakout support level. it has done a perfect touch to my trendline (drawn yest not today). this does not mean it cannot break, but if it does, momentum should go down quickly (up for spx). failure to break it would imply that "thats it" for the highs for awhile. 1061 spx is my # for now, then others mentioned b4

12:56
now, break over spxu 44.24 should give 44.47, tho the .40 might stall it

12:30
i've taken some profits in spxu already so my stop is set at breakeven. if i hadnt taken profits i would take them now at the 44.00. I am still holding a piece in case spxu goes higher, but warnings are there that it could fall, so stops at breakeven.

12:19
spxu break of .22 should give .40

12:13
spxu hit .20, just 3 cents over the "real" target of .17, and backed down as expected. now .25 should stall it

12:13
spxu limit to sell filled at .11

12:08
obligated to sell 20% more at 43.95 because of this ill behaviour
 
12:07
i've raised stops to breakeven as mentioned before...if spxu does not pop up here then a bear diverg will form, so protecting against that downside
 
11:22
limit sell 44.11 on 20% of spxu from 43.64

11:21
bear HS setting up in spx, which is one reason among many for my forray into spxu

11:19
spxu is behaving. see if it hurdles 43.84 after stall there. if it hurdles .84 then 44.19 is target.

11:04
in spxu 43.64 at mkt,,,,,lim not filled

10:55
in spxu 43.58 lim if filled

10:08
stopped out of rest of spxu. made profit.

9:48
stops lowered again to .97

9:47
lim sell 44.87 for spxu...20% of pos

9:45
stop raised to breakeven at .21

9:44
spxu targe 44.99 next

9:43
sell 20% spxu .53

9:31
in spxu 44.19, stop 43.97

9:29
There is R at SPX 1052/55ish. I might consider going short there, but it would likely be a quick trade. Unsure yet.

8:51 AM
My stop on my SPXU swing is 44.08. Cost was 43.70. This is for the 50% left. I already sold the other 50% at a much better price around 47.30. My position trades (longer term) stops remain above 1103.

* 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".