407
i still have some spxu... plan to hold at least part of it unless spx makes a NEW high.... and CLOSES there,,,not just intraday penetration
404
Overall a very profitable day, took profits on all trades except the CMCSA loss.
The targets were hit within one cent.... the spx 1105 1103 1099 came just as i expected. :)
Shorts benefited
332
targets are being hit within one cent.....5312 hit in SH....1 cent from 5313 trgt...and stalled...is expected
327
projected: since no 1103, then spx 1105, 1103, 1099...prob contained ovre 1103
324
15min bear flag spx. 1105 spx suggested
315
possible headfake higher followed by close 1108 spx possible. 1108 to 1111 to 1106 to 1108. if it doesnt go up to 1111,,,could see selloff
307
SH overshot the target 5306 by one cent to 5308
256
UNH swing short is fantastic...down another 2.47% today.
spxu swing up 1.47%
249
loss: stopped out of cmcsa for now...can always reenter... loss of 1% on swing size pos
238
most stock indicators are worthless right now, just need to wait to see which way the rectangle breaks, support vs R
UNH swing short is fantastic...down another 2.47% today
229
TRADE: SH targets 5313, 5319, 5328, 5356 with a stall at each one. I know there are many, but thats the nature of daytrades / scalps (for me anyways).
1427
nervous SH could exit here breakevenn....i'll stay
1426
3min bear HS on spx...but with this chop could be meaningless
216
SH is closer to R than support...suggests poss breakout higher (lowr spx)
214
5306 SH suggested...last 5294
143
sh stop .84 give some room
141
to be clear: i have stops set on SH daytrade, but much lower stop on spxu swing... i plan to keep spxu, for now, even if SH stops are hit
123
cmcsa stop 1596
113
crouching tiger mid strength in SH (bear spx). expect 1106 spx. last 1108
104
hmm this SH stuff is not so great for daytrading... low vol causes unfriendly gaps on the 1 min charts.... this is why i like high vol stocks. the SH 1 min chart looks like a gold or silver daily chart....gaps galore
1256
cmcsa stop 1594
1255
SH stop 5286
1243
cmcsa swing is starting to misbehave... may exit this one with merited
1236
spx is confused now...some charts signals bullish, others bearish
1231
spx 15min recently is in a rectangle, with a poss bear desc triangle forming in the rect, which is inside a poss larger bear HS....
1223
cmcsa intraday bear wedge/rounded top
1223
spx 15min bear diverg too...but they can take awhile to take effect...can pop up before the diverg makes it go down
1222
15min spx looks like bear dbl top intraday,,,or bear HS
1207
if SH stalls at 5315 then i will take scalp profits there on a piece. and re-enter if merited. depends
1152
TRADE: SH targets 5213, 5319, 5328, 5356 with a stall at each one. I know there are many, but thats the nature of daytrades / scalps (for me anyways).
because SH is 1x, need to buy 2 or 3 as many shares to mimic the sds or spxu....
1138
sh has bull crouching tiger SH 5295
1126
TRADE CHANGE: using SH instead of sds.... sh 52.94 limit..filled..
1121
TRADE: sds 3655 scalp limit buy if filled.
1059
TRADE: SWING SHORT SPX: I have a swing short spx setup and signal, and early entry but a confirmed early entry setup. today is volatile and could whip around, so a wide stop would be required. Or a stop could be set over the high of day, but that might stop one out prematurely on a headfake move. If the SPX closes strong, then perhaps an exit from the short would be warranted. This is the first swing short pre-mature setup that i've had in awhile. One could short here at 1111, or wait for 1117, SPX last 1111. I have already shorted at 1114.
1052
i expect spx to stall at 1113 on this move up. last 1110
1043
bear divergences in cmcsa suggest down. normally i do not short stocks that gap up (shows strength) but the cmcsa charts seemed to justify a try short there.
1028
TRADE: SPXU targets 3726, 3748, 3757, 3765, 3774, 3785, 3847 with a stall at each one. Most impt ones are 3726, 3774, 3847
1020
cmcsa short is behaving... UNH short behaving. spxu is above the impt 37.26 R at 3732, only marginally so that does not count unless it sustains
1014
TRADE / History: i think that today could be like oct 21 when i shorted at 1099 (high was 1101, followed by nice decline). Entered again short today at 1114 (high so far 1117)... both times within a few points of a major high. Oct. 21 high 1101 fell to 1029 spx, or 72 points. A 72 point fall from 1117 would be 1045 (though that is not my official target, just for comparison)
1003
spxu is up 1% profit, scalpers would take profit, i'm holding
10:01
daytrade short cmcsa 1582....at R...could breakout higher...but shorting...as daytrade poss convert to swing
9:55
spxu is back around where i bought it at...nervouse spxu would exit here...i'm keeping it
9:51
TRADE: despite this upsurge in SPX, the UNH short at is behaving, down 0.42% while SPX up up 0.55%
8:59
Possible array of support/resistance for ES:
ES 1067 1075 1078 1084 1088 1096 1102 1104 1108 1116 1120 1125
Also, I believe that the 1067 was tested afterhours one session in ES, but was not tested yet in normal market hours (930-400) since the 1067 held. So 1067 is a hidden # from the SPX, that could cause SPX to gravitate to that when ES gets near 1075. That is, many will expect 1075 to hold, but a test of 1067 ES could come instead, and then bounce up.
8:41
TRADE: SWING, early entry:
Pre-market, I bought some spxu at 36.74. ES was around 1113 I think (was moving fast when I bought). Stops are wide, below 36.03, with a protective stop at 35 in case the market goes wild one day and I'm not trading at the time. I will raise the stop after observing market action. Reasonable stop would be 35.80 but I don't want to get taken out on a headfake move, so waiting on raising the stop up from 35. So, mentally budgeted for needing to take a loss around 36, with loss at 35 possible.
There is support for SPXU at 36.57 and 36.01 area. (exact numbers calculated later)
5:20AM
ES futures up 6.50 nicely now at 1114.50. They made a high last night of 1115.25, just .25 from the previous night's high at 1115.50.
* 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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