345
1085 spx pattern target... last 1076
342
it looks like up into the close...
342
there is a poss bear flag now in xlf grrr... but other things prompt me to stay long the xlf
305
xlf test of its UTL 60min chart has held thus far...this is testing it.... still ok there
302
i will hold the xlf... i still see no tech damage... have take partial proftis on it to cover any losses...its not down much, did not break yest low
247
thats not today's sso...thats only down a lil... thats the swing sso from other day
246
grr sso is down 2.9%
242
xlf is backtesting and hitting the prior trendline now...holding so far
225
of course spx could get a lower low lol
224
spx has lower hi, higher low thus far today.... but xlf has HIGHER hi, higher low (vs yest)
223
yes etfguy me too...thats the UP in the down up down pattern from b4...we got the first down
215
oops...filled at .16 not .17 sry... i did a mkt order at .17
214
3606 vs 3617...molstly to reduce risk .. the second sso buy did its job at 3602
213
selling half sso here 3617 to reduce risk,,,take a lil profit...lotsa shares
208
bought fas 7180
204
3615 first trgt
203
ok paying premium for sso... in at 3602
159
missed the fill by one cent...hit 3692
155
limit buy sso 3591... expecting sso 3588
154
this is the "down" in that down up down pattern from b4....sso last 3606
137
the triple diverg bullish in sso 15min has a good chance of breaking sso 36.40 for .80 ...for the daytrade pos
135
3min sso since noon... has mini up channel... with testing the support line rite now
130
also, if the sso manages to test the upper R dtl from the down channel, a 5/15 Moving Avg bull cross will likely occurr... 60min
128
coupled with the inverse bear flag (bullish) there is reasonable expectation of higher spx
127
notice the slope of the rsi lows on 60min sso
125
60min sso has decent double bull divergence ... would take 1-3 days to fullfill its potential
112
xlf is now lagging the sso in 3min.... see if the xlf can pop... however it also held better on the rush down...
112
3min bull flag sso.. 3680ish target
111
the 2min
has an asc triabgle..target 3680ish
110
the sso 15min chart is exhibiting a down up down up type pattern...
107
now sso chart pattern measure to 3652...which just so happens to be near that broken dtl
103
sso wwill hit broken up trendline R at 3651 if it gets there for another baktest
100
look at sso 60min chart. big candle r red...small ones green... that is bearish,,, bull need to put in a large green candle
1258
if 3620ish holds
1257
multiple scenarios do suggest sso 3608ish area ... to hit that 3681 trgt
1256
scalpers with large pos could take 20 cents here profit
1256
3641 sso R... last 3635
1255
3636 hit...one cent of 3637 target from sso entry (first target)...then stalled
1253
hit that target
1251
sso 3632 chart pattern target.
1252
complex HS setting up in 3min spx if bulls dont break it.... 2 left shoulders, head....
1251
spx 3min has bull diverg and a bull rsi swing failure. i remain long sso.
1246
poss bear HS formin in xlf 10min...wathcing it
1237
3637 and 3681 sso targets....to start
1235
sso early entry to a bull crouching tiger 82% confid
1233
sso buying at 3614 for daytrade
1218
also, took profits up near the high today on 50% on the small port... so gains locked there
1218
even xlf long at highest avg price (1433) is green now... nervous xlf longs could exit here breakeven or small profit... i will stay in
1209
furthere, there r bull divergence in 60 min
1204
the 60min chart does have one ominous thing for bears... notice on the 60min chart there is an INVERSE bear flag... its pointing down not up... this is often a sign of the end of a move (in this case, move down).... in fact this is a pattern that i used to successfully SHORT during the uptrend, before it crashed....)
conversely one could argue its just a down channel there, which is a reasonable view too
1200
that is very bearish intraday
1200
what i just saw... spx broke its intraday UTL support, backtested, failed, bounced rite off the line
1157
if the charts looked different, i wouldn't even have a problem shorting momentum near the low of day (if unable to get in higher).. . BUT for me, those charts are not suggesting that type of momentum trade at all (from swing perspective not daytrade view)
1156
for mid term i am bearish... i am sounding bullish only cuz playing an expected move up
1154
and moreso for xlf
1154
today i think we should know much bettter ... watching for the 15 60 daily to align... i'm thinking the 15mintue spx finishes up its downside games, re-aligns bullishly with spx, and we go up
1148
despite the move down, 60min xlf is actually bullish now still.. no tech damage in the xlf .. right now, xlf is just shifting around, whipsaw, still see no prob long the xlf... will exit if things change
1145
charts still suggest up for coming days, to me,,, BUT i think today we will get our answer and resolution as to direction in coming days... the chart patterns look like they will clarify today... because the 15 and 60 and daily should realign... then we have a better picture. still open to either long or short, with bias still for a bounce in the coming 1-3 days
1137
what i'm looking at .... will sso put in a lower low here, then pivot to make a high over 37, then over 3731.. or will a lower high come in and continue down.... for now, chart still suggest more up (at least from here) in the coming days...
1136
nice day for daytrading scalping ...nice movement,,, but i'm just chillin instead, watching the swings,,, half in and out
1135
this "looks bad" but sso holding... seeing up after the decline...
1133
xlf over 14.23 is ok ....last 14.33
1114
spx held R at DTL 60 min...coil now forming....
1112
from a swing perspectigve.... holding the xlf sso still
1049
there is an xlf wick once cent from my target from yest... 1557
1045
but i'll short any failures...
1044
pattern on spx would be trgt 1119
1043
1473 is the xlf target,,, but 1511 is now in the realm of poss on a bollinger band break pattern (not just boll band, other indicators too
1042
a break AND CLOSE above is required...........
1041
wow also at boll band 60min R... dail R boll band is 15.60... both boll bands (15 n 60) in same R suggests potential very powerful move in the direction of the break (in this case up, for now)
1039
xlf rite at boll band R here.... 15min oonly... but the boll bands are range bound rect flat, not up or down trend... thus a momentum play is long over the band piercing. If they were wide bands, sloped, then opposite.... some stall here normal
1036
and i'll keep the rest xlf for 14.78
1036
SELLING small port 50% here for 1%/3%,,,2%/6% profit. lock in the gains
1035
3731,,, 3752 sso first targets... last 3692
1032
1553 stall expected in xlf.... the .58 limit is intended to catch the overflow if it pierces HOD as shorts cover and i sell into their strenght
1031
yes. thus far, analysis 100% on for the day here.
1031
if xlf does NOT stall at 14.61 i would be surprised....
1029
1100 likely will find sellers... but charts suggest even higher
1028
limit sell 50% small port 14.58
1027
swings in xlf /faz can take profits here...i'm holding... 1%/3% profit for 1433,,,, 2%/6% for 1414 (approx)
1024
YES. filled....1458 next in xlf
1023
grr hit 1447 exactly...no fill on the xlf
1022
awesome. 1447 filled
1021
xlf from 1414 is at
2% profit (6% faz)
xlf from 1433 is
lower prof
profit there only .07 %... 2.1%
1017
YES XLF cancelling xlf .44
order//// and taking the .47
next if able instead].. yest missed by one
cent...not happening again
i still expect the .47
.58
1013
lol i'm sticking with up... intraday charts suggest that to me... for today not necessarily for next 10min... from swing perspective suggests hold them for now 1-3 days
1011
if 1088 holds on this test it would be signif intraday and suggest another higher hi intraday... if
1009
bull crouching tiger setting up in xlf... 82% confid
1002
xlf 15min still has cup handle bullish. target 14.68
1000
IF spx does a test of 1100, and it hurdles over it... then a retest of todays LOD is not likely... but thats an if thats far away
957
chart suggest at least an 1100 test, to me... last spx 1091
955
XLF: i still have limit sell (partial positino only, large port) at 1444 1447 1458. Small port, doing manually, riding up until chart suggest exit long
955
1446 next xlf target...hope that fill my limit partial sell 1444
955
spx 1088 must hold...pref 1090... for next 1 hour
951
spx 1100 and 1104 next targets if 1094 can break higher...
950
yes. as suggested below.... in any event... 2 minutes later... the spx did make new HOD... but watching to see if it can break the R higher
948
that drop at the open is prob just the MarketMaker test...they like to do that... to see if mkt is strong or weak for the day initally
947
marginal break higher..this doesnt count...needs to sustain
946
purely from a tech perspective, charts say it will break higher, imho
944
yes. and there it is. one minute later. a new HOD.
943
ok... usually this setup... suggests daytrade long... the high is not in usually......last 1089,,, the MM tested support and it held, will usually take it higher
939
spx.........if 1087 hold i expect 1092 to break higher... short up there...but long first for daytrades
927
futures are up nicely...up 7 points...
i did mention yest... thought the report would be better... the price action yesterday suggested it .. is why i stayed long sso xlf even tho i was "worried" about the report... went with the technicals which said "stay long"
804 am
ES futures declined overnight and hit new recent low of 1070.50 and bounced up. now at 1084. to start with, charts suggest a move up to 1089.75, if they can hold over 1074 preferably 1078. But of course the morning reports could change all of that easily.
I'm still expecting higher levels in ES SPX in the coming 1-4 days, and am currently long SSO and XLF still.
* 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".
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment