tuesday ramblings (and Mon nite futures)

350
sh stop 5302

348
yes es 1100.25 hit trgt

338
es 1100 and 1096 trgt...1100 prob hold...last 1102...lower tomorrow

337
es 1100 trgt...think it will hod there. last 1103 es

335
srs woke up...at 796 R now

332
ES testing a hidden support here(from premkt)

330
spx 1108 target downside was hit...has held thus far but could easilyu break lower....

328
ES 1101 should cap it...hold expected

327
raising stops in the SH to 2 cents over cost....will exit it today...keeping srs skf overnight

323
again...imho... a close UNDER yesterdays low...very bearish

321
the skf is stretching for its next up target.... :)

320
if spx breaks low of day....could see fast 5point drop

319
i do not thinks this move down right here is a headfake.....but am watching for signs of it...think they couldnt get an upside headfake and this is part

316
the SPY candles are still def setup for poss bear morning star...multiday candle pattern,,,,just one of many indicators

314
poss 3min bull inv HS in spx...but i still see bias as down nonetheless

308
i think they will try a headfake up in spx,,,then down into the close...spx last 1109

304
yes...skf is over the 2512 at 2514...marginally but over....

255
SH SDS crouching tiger....bullish for them,,,,bear spy spx

254
SPY chartt suggests lower

212
skf is still behaving... will prob keep it as overnight swing.

142
skf 3min weakining....neeeds to breakout higher or risk 2483 down

138
scalpers will take SH profits at ES 1103 or spx 1108...last spx 1109

135
skf is at a ton of R here....R is holdingl...but suspecptible to breaking higher. charts suggest break higher, maybe not today, but easily could today.

131
looking for 5297 SH....last 5290...


129
25.14 close or higher in skf is bull skf, bear xlf finan. last 2511

127
charts continue to suggest higher skf lower xlf

126
looking for 1103 ES. last 1105
125
an spx close under 1107 would be bearish. thus far support holding tho....

124
possible breakdown in spx...changing from range day to trend down...

123
spx 1109...looking for 1108 test still

106
if skf can break and sustain 2514, it will have a bull dbl bot breakout on 3min skf with 25.77 target which is between prior highs at 25.61 and 25.97. so 25.61 might be it, or a stall there, on way to 25.77 then 25.97. this is all "maybe"....needs to breakout first.

101
but poss bear diverg setting up in skf 3min...suggests pullback could come...watching it....

100
2512 skf target finally hit.....watching for 2533. chart suggest stil more up in skf

1256
a sustained break of skf 25.14 should give skf 25.33. last 25.10

1255
still looking for higher SKF SH SRS

1254
no. i thought that a break of spx 1111 would trigger a quicker trip to 1108...it has not done that...1110 last.,...

1253
nervous SH would exit here for small profit or breakeven.... i'll stay in the daytrade

1248
yes! skf hit 25.10...2 cents from 25.12 target... at 12:47 .... right at the 12:47 estimate from this morn... how's that for timing :)

1244
if skf does not stall at 2512....bullish skf, bearish xlf spx...it should stall at the 2512 level

1242
srs is starting to wakeup and participate....

1240
skf 2512 next trgt...then 2537...last 2501

1236
YES. SKF is on schedule. at11:42: i mentioned skf is trying to break higher here, but charts suggest that it could chop around until 12:47 before it really makes a conclusive decision higher or lower. higher is bias for now.

1228
scalpers would take some profits here in skf at 24.98 HOD

1226
if spx breaks 1111 then 1108 next...last 1111.55
1225
grr srs still sluggish tho

1223
i still see higher skf today....lower xlf finan. it is following roadmpap very well thus far.

1207
yes. skf broke out of bull pennant when it hit .98,,,, is now backtesting it as expected...last 2489
1158
yes. skf hit 2498 target exactly and stalled, as expected. see if skf can hold 24.84 support now.

1156
a break under 1108 spx would setup lower highs, lower lows on 15min spx.

1154
spx 1112 last. may test 1108. the 1108 will prob bounce. must crack under 1108 to get downside momen. if 1108 cracks lower, could see 1102 fast, then 1097 (not necessarily all today, given that we are rangebound, for now)

1152
SH and SRS are lagging but ok for now....

1150
skf targets 24.98, 25.12, 25.41....interim targets later

1145
skf marg new HOD ....prob stall at 2498...last 2492

1142
skf is trying to break higher here, but charts suggest that it could chop around until 12:47 before it really makes a conclusive decision higher or lower. higher is bias for now.

1133
skf 60min bull pennant, 15min asc triangle, both suggest higher skf. last skf 24.84

1116
too early to tell now, but the SPY daily candles could present a bear eve star formation. If the SPY candles close similar to the way they are now, this would setup the possible bear formation. A Wedn close LOWER than today's low would be needed to confirm the eve star bear, if it forms.

1105
intraday, my charts still suggest higher skf and lower xlf finan. last skf 2479

1054
skf holding pretty well considering spx advance higher

1040
xlf down 1% vs spx down 0.23%...financials coould drag the spx down

1030
skf over 24.76 is bull crouching tiger 96^

1028
skf set to make new HOD... skf doing bettr than SH SDS

1017
1000 SH at 52.87 filled

1015
buy 1000 SH 5289 limit if filled.
1004
skf just hit .80 which is close to the .78 expected mini-pullback...seee if it holds .78/80

957
es break under 1104 could give 1100 quikly

955
ES just held the 1104 support on first test, expected. if 1104 breaks, 1100.  charts suggest 1104 will break

953
1min skf suggests possible 2478 from 2489...watching
950
skf hit 2489, one cent from first target of 2490...see if it stalls or not...stall expected....

943
expecting stalls in srs 808 and skf 2490 if they get there. still holding past those levels probably.

9:03
ES broke 1104 and hit 1102.25 and bounced to 1104 now. targets still same as below.

7:40
ES hit near 1104 and bounced to 1106. Now 1107 is next #...if it holds, back to 1104 else 1111.
A bounce would be expected on the first test of 1104 (which it did bounce to 1106).

7:19AM TUes
ES futures are now at 1105.50. They need to hold support at 1104 or risk 1100, 1096, 1088, 1085
es 1104 is impt support

If 1004 holds then expect 1107, 1111, 1113, 1119, which are important R numbers.

* 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".