Around 3pm I suggested we would close SPX at 1106 or lower. We closed close to this, at 1106.41. ES did not make the 1098 suggested, tho.
359
lol covered spy daytrade a breakeven... 3 cent profit
3:41
nervous spy shorts would cover here for breakevn...i will stay short
338
: spy hit my exact previous short limit 111.30 from 1:41pm
319
spy bear rising wedge mini in 3min
316
overall the collection of ES 60min candles is bearish, imho
312
ES 1098 still possible. last 1101
255
i think we close 1106 spx or lower today
224
SPY moved up a little since I shorted it, but did not get to my original level of 111.30,,,made 111.24 or 6 cents off, so far. Origianlly i had a limit to short at 111.30,,,,shorted lower .... its behaving thus far....
146
111.04 shorting the SPY now (ES at 1101, SPX at 1106)
141
SHORT 600 shr SPY 111.30 limit if filled
1328
3min qqqq breaking down so i'm out...for now anyways
1327
exited qqqq for small profit at .11
1319
crosscurrents in qqqq...bull and bear signs both
1317
qqqq charts are suddenly getting more bullish ...hmmm
102
the .21 first trgt on qqqq should be hit higher....27 .31 .35 next
101
stop 4407 now in qqqq.
considering selling this skf....
100
close to qqqq .21 first trgt....will hold until it breaks down
1240
raising stop to tight 44.00 on qqqq....
1237
rsi bull failure swing in qqqq 3min also supporting the long scalp now...
1233
ok qqqq need to pop at least 5 cents here or risk retest of lows... considering early exit in the qqqq long..not yet
1209
also qqqq bull asc triangl 3min (and bull inv HS)
1207
qqqq have 94% bull crouching tiger....but contratrend so riskier
1205
iff qqqq do not behave here i will quickly exit... its a contratrend scalp riskier
1202
trying some qqqq scalp long here 1000 shrs at 4405 stop 4373 for now
1156
uso setting up nice bull diverg on 15min
1152
looking for spxu entry...not yet
1145
as i expected the qqqq plunged to 4403...and still falling...looks like 4391 or 4381
1100
skf likely will find some support at 2505 if it gets that low...last 2512
1058
for now,,for me, even if skf breaks todays low it is ok, it will just form a bull diverg which should pop it back up after its finished the chop.
1051
considering uso long...not yet...last 2547. uso might be building a base...i'll wait for at least the 15min to turn bullish on it
1044
qqqq must stay over 4430 else they break the coil in 15min. last 4436
1043
wow swing trading is soooo much easier than daygrading
1042
skf stragegy...daytrading the skf....keeping some as swing... will buy back any daytrades sold if merited
1039
skf is behaving...
1036
to me, chart suggest some chop here, slight upward bias but nothing i want to trade long, followed by lower levels in coming hours days.... could change to more bullish later,,,thats what i see now
1022
skf stop 2483 for now...
1021
skf bull cup handl 3min chart
1019
i will prob keep a piece of this skf for swing (skf is short financials)
1017
skf targets 2531 2541 2545 2557 with a stall expected at each. higher targets for swing to be calc later.
1014
skf bull crouching tiger 94%
skf 15min bull diverg
1013
bought 500 more skf at 2517
1008
bought 500 shrs skf 25.17 stop 24.90 for now
959
es should stall at 1105 if it gets there...last 1103
957
my charts suggest another pop up in the qqqq spx...last qqqq 44.44
956
the inverse rel with dx us dollar and spx should return. this has also happened in the past with tlt vs spx...temp run together,,,,,eventually correct themselves
948
xlf is a nice short as long as it stays under 1450...looking for poss 1442 test, to short there if able. can short financials via skf or faz.
9:38
faz 2040 is a decent entry but i'll wait to see if it falls...should fall more... 1998 or 2009 possible
Friday 6:49 AM
Economic reports (from yahoo.com):
| Dec 11 | 8:30 AM | Export Prices ex-ag. | Nov | - | NA | NA | 0.3% | - |
| Dec 11 | 8:30 AM | Import Prices ex-oil | Nov | - | NA | NA | 0.4% | - |
| Dec 11 | 8:30 AM | Retail Sales | Nov | - | 1.0% | 0.6% | 1.4% | - |
| Dec 11 | 8:30 AM | Retail Sales ex-auto | Nov | - | 0.2% | 0.4% | 0.2% | - |
| Dec 11 | 9:55 AM | Mich Sentiment-Prel | Dec | - | 69.7 | 68.8 | 67.4 | - |
| Dec 11 | 10:00 AM | Business Inventories | Oct | - | -0.2% | -0.2% | -0.4% | - |
Fri 6:41 AM
ES futures have moved up nicely overnight, making a high thus far of 1105 and now at 1103. They are acting as expected, increasing. There is a bearish divergence setting up, suggesting that the ES will "find" its high and then decline. When the pivot reversal occurs (make the high and then turns down) it will present an opp to short. 1107 1111 or 1119 are the "high" targets with 1111 the most likely (chart patterns suggest 1115 as most likely, levels suggest 1111). If 1101 does not hold, then the 1105 might have been "the high". Let's remember, though, that volume will increase at 8:35 AM and then again at 930 market open, which could cause a retest of that 1105, regardless of where the ES is at. Charts suggest that the 1101 will hold, unless a volume surge comes to press it lower and break it.
* 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".
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