359
sold the qqqq for small loss.......sold xlf for 10 cent loss
317
if qqqq does not rally today... i will prob keep a small daytrade piece, depending on close... still has some upside to it
246
there is selling today ....looks like institutions...could put a cap on the move up in qqqq past .50. But, often, they will let off the selling some....as soon as that happens, then a pop up comes. then they sell more up there. because they have so many lots to sell, they cannot sell all at once.
230
1101 should get
some initial R and sellers....
then if es can get 1103 stops likely trigger for a pop to 1110/12
2222
trade in direction of breakout on narrow bollinger bands... wide ones are diff strategy
221
15min chart...qqqq .51 boll band R narrow with up rsi stoch suggests break higher over the .51
220
xlf recovering...tryin...
215
qqqqq mini up channle,,,asc triangle 3min chart
206
1107 spx projected
143
xlf still has that 15min bull diverg....which is one reason i tried it today...
132
qqqq 3min could form bull inv HS...not there now tho....maybe
127
nervous qqqq can exit here at breakeven...i'm staying in
123
qqqq atop 44.18
120
if qqqq can hang in again...a bull diverg will set up....
118
this is close...here the qqqq go again hanging by thread like yest...hit 4430 close to the 4429 i mentioned earlier....
108
when all this "noise" is filtered out of the charts, they suggest a pop up in qqqq spy.... but that noise just might trigger enough stops to cause a downward move instead
102
xlf needs to push rsi over 54 on 3min....;last rsi 42 pointing down
1258
spx bull inv HS 3min
1253
charts say qqqq should break over the .48....
1251
qqqq needs .48 .53 .60 .71
1250
qqqq trying to break a mild DTL now at .48
1247
as usual, qqqq behaving, xlf not...
1230
xlf and qqqq long are torturing me in this chop. the charts still say more upside in both.... hanging in here...
1216
could go to 4429 and still be ok long in qqqq...will seee
1215
qqqq is starting a pattern that usually goes down then up (then down later....)
1211
xlf 1434 is major intraday R....if it breaks higher, xlf should pop up to 1440 fast. of course if it holds then we have a dbl top type thing....
1208
nervous xlf willl exit here at this gift at .34....i'll stay awhile. why staying? large vol bar up on xlf
1144
poss bear hs dev in xlf 3min...watching....
1139
qqqq is in a bear rising wedge.... expecting pop then drop...wedge still has more room up... 60 min chart. drop might not come today, more likely on fri or mon tues
1133
roadmap being followed thus far..qqqq 4450 to .45 ....should go for .60 then .71
1122
theres qqqq 4450 to 4445 now...see if 4445ish holds and goes up to .60 and .73
1122
xlf might decide to meander around in a narrow range here to form bull cup handle, preferably will just break higher
1121
qqqq next trgt 4471
1116
qqqq 4450 4445 4460 roadmap
1115
the 1112 expected breakout on xlf is a few minutes behind schedule, qqqq breaking on time.
1100
poss xlf break higher in 12minutes...last 1430. malformed crouch tiger in xlf...99%
1059
spx 15min bull flag
1055
charts strongly suggest another pop up in qqqq. last 44.42
1053
DOW 10,445 might have been it, for this piece of rally...watching
1052
grr this xlf is behaving like my intc yesterday.... alsmot exact same behaviour...hope it rallies b4 i am stopped out. but hope is not a valid strategy...stops r set
1042
xlf looks bad at .29 but i'll hold on....charts suggest a pop up,
1041
qqqq 4450 stall and backoff was expected....needs to hurdle .56... chart say it will
1036
looks like xlf pos diverg 15min chart....chek it out..with macd hist rsi (pos diverg not bull diver--they r diff)
1028
97% crouch tiger bulll qqqq if stays over 44.40....last 4444
1024
xlf is dev a bull diverg that should pop them up....if it survives my stop at .23....might change to .14 or higher
1017
qqqq is behaving....xlf misconduct....
1009
below the market, buy 1000 shrs qqqq limit 44.37
958
qqqq hit .37 close to my .35 buy zone...waiting to buy some maybe
950
TRADE: trying some xlf....2000 shrs at 1436... stop 1420 for now, will raise later. this is ONLY for a bounce, looking to short later today or tomorrow
943
xlf big bear shoot star 15min...will watch for recovery or not
942
qqqq at .50 are close to the 44.73 prior high...likely to test that....prob pull back to 44.35 then try for the .73....then maybe 45/45.50 at most, for now as i see it... the .73 could halt it for good...will watch
937
1463/66 should cap the xlf (if even gets that high
937
1111 should cap the sp500 rally
936
qqqq up but have not even tested the 44.73 yet... could overshoot that to 45.43 (dont think so)... charts still suggest a fall in qqqq in next 4 days
THURSDAY
9:00 AM
As I expected last night, futures are up this morning. Looking still for a move up in spx to a lower high, then down. could make 1103/1110.
Wedn 7:19PM
It looks like there is some limited unfinished business on the upside for SPX and QQQQ. Probably SPX will test its resistance at 1098/1100 (more exact numbers later). I'm not sure if it will go higher and break above resistance, but my work suggests that in any event a LOWER HIGH will be put in, and then the 1085 will be tested and then break lower (not all tomorrow).
Today, I was close to keeping some QLD (2x long the QQQQ) as well as FAZ (long faz to short financials) with the expectation of higher and then lower. But I abandoned both positions and locked in profits, in case the market surges higher (bad for faz) or plunges lower (bad for QLD).
I prefer to wait for better confirmation, since the SPX and QQQQ are trading in ranges and channels.
* 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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