SUMMARY: Overall a good day, ended green (profits more than losses). Disappointed in my early exit from INTC (a loss) which later behaved as I expected and produced what would have been a profit. But, the INTC went past my lower limit, so I cut my losses as part of money management. Conversely, the QQQQ and QLD trades worked very well, although they were hanging by a thread at one point, and almost broke lower to test the LOD. But the QQQQ held around .65, and the pattern played out. (Details at 1:27 post and later about the QQQQ barely holding).
hmm....qqqq closed over yest hi...thats bullish.....but charts are confused with mixed signals
saving the last 25%
qld in case qqqqq wants .21 today
tomorrow i'll daytrade long/short... if we close tom over today's close then i'll prob go long, else not
CHANGE: no qld swing... will sell all.... more up is suggested but it is closing right at R
faz has potential unfinished biz on downsied, or some chop, from what i see for now
75% qld sold at .87
i will not do the .23 limit....will use manual trail stop
intc new hod....2004 - sellers remorse :(
faz near my earlier buy point of .32 but not buying...yet anyways
5479 stop qld most
314
lim sell qqqq 4423 most of it
311
i might add some faz swing today...small piece...
309
qld 4403 lim cancelled...stop .97 instead
308
stop 5467 on most qld stop
305
qld 5481 trgt hit
304
4388 not 78 now stop
303
IF IF charts look like this at 3:55, i will keep a SMALL piece of the qld as swing... i'm surprised, but the setup is there...
252
5447 first trgt hit on qld
238
qqqq first trgt hit at .83
234
because it qqqq stalled here at .74...could blast thru .83 and trigger stops higher
226
nervous qqqq would take this gift and exit here... at 4374
221
qqqq make nice move...but not on high vol....wathcing closely. high vol could come if stops triggered, or poss fall down instead....bias up now
217
expect stall at .85 qqqq if it gets there, no stall is extra bullish
213
grrrr.... NOW my intc
decides to move...when i'm out of it
2212
qld targets: 54.47, 54.81, 55.53, 55.83, 56.65 with a pause and possible cap at each one. Pattern suggests 55.83 is possible
11
qqqq should get the .83 trgt.... looking for higher after if poss
09
this qqqq pop up is from the bull diverg mentioned before... charts suggest higher qqqq.... last 43.68
208
qqqq crouching tiger here...if qqqq over .65
206
another 3min vol bar equal to last one should pop qqqq...needs the vol
200
getting some vol here... in qqqq going up...
157
poss bear M in qqqq 3min
150
qqqq holding barely, moving up some...but no vol on move up...need vol
146
if the vol on the last test was higher,,,qqqq prob would have broken down.... but vol wasnt too bad on that one, as mentioned b4
145
qqqq barely holding...but holding... the bull diverg continues to setup... for poss pop up
143
qld 5361 stop
142
iff qqqq can hang in here...can set up bull 3min pos diverg....if if
127
qqqq might not survive another 4360 (4358) test....
126
qqqq r behaving but
i dont like the vol....
*sigh*...downside vol...upside vol weak
1118
warning.... qqqq down vol higher than up vol last several minutes... bear
1117
would expect stall at 43.84 if qqqq gets there
1257
qld targets: 54.47, 54.81, 55.53, 55.83, 56.65 with a pause and possible cap at each one. Pattern suggests 55.83 is possible
1236
qld bull crouching tiger if stays over 53.96
1235
qqqq qld behaving...
1227
i just saw that brokers wont allow qld.... so will use qqqq
TRADE: 1000 qqqq at 4365 long
1226
500 shrs more qld 53.90
1223
out of intc....loss
1206
possibl bull inv HS in qqqq 10min
1144
19.71 intc stop
1143
intc stop 19.73
1126
qld stop 5371 for now...
1110
in qld 54.33...order filld
1107
limit buy 500 shrs qld 54.33 if filled.
1102
bored or nervous intc could exit here at .85 for breakeven 4 cents over cost. i will hold.
1053
intc set to pop over .85 R
1048
might be interested in faz around 20.30...unsure yet...last 2063
1028
qqqq charts suggest bounce up first. spy is a mess, confused
1016
bull diverg dev in intc 15min
1015
looking for faz skf or short xlf entry... none found yet
9:41 AM
Long 1000 shares INTC at 19.81
i chose intc instead of qqqq or spy because intc is relatively stronger, nicer chart for a long daytrade
* 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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