Monday ramblings

343
1099 broke lower...failed to hold

331
YES. spx held the 1099...so far... suggests the move down was headfake if it holds...

323
spx over 1099 would allow a move up...last 1100

318
stop 4571 GILD

255
grr i chose GILD cuz it was in intraday uptrend, expecting it to move up nicely when spx popped up....instead gild is just stuck here....

248
depending on the close... i might give the sso a lil more time and hold overnight again

229
sso 10 cents from testing HOD, as expected this morn... watching to see reaction if it gets there

17
sso 3min is now coiling... watching it...

214
theres an 81% bull crouching tiger sso... but its contratrend so weaker... sso last 3720

136
1% loss if stopped out (0.96%)

135
4577 GILD stop..last 4601

127
yes theres R at the spx 1103,,,then 1106

123
past 3 day large red candles are bearish 3 black crows pattern (inverse of 3 white soldiers bullish)

121
past 3 days r bearish,,, todays daily candle is not bearish as it stands now... of course could change by day end... sso forming a hammer... spx poss harami... both bullish for "slow of trend down, or move up"

1254
SPX has broken over its 15min DTL.....see if it backtests, and if backtest holds or breaks low again... might NOT backtest the DTL b4 hittting HOD first

I lean more toward test of HOD b4 backtest down to the broken DTL


1249
a failure to test fridays low could cause some shorts to cover and push prices up...

1248
sso trade premise still stands, for me.....last 3726

1247
*MIS-behaving

1247
grr the GILD is behaving...not stopped out, still long,,, down red 0.16%

1237
on friday  i indicated i wanted to buy tbt today but it gapped up,,, then i didnt monitor it... looking tbt for multimonth hold sometime

1237
i'm out of all VXX except 25% with stop at breakeven.... sold it on friday... was a 8%-12% profit in a few days

1235
*37.97 not 39.97 LOL...typo!!

1232
IF sso can break 3738, there is a pattern that points to target 37.97, a little higher than the 37.84 previous target

1201
sso testing the DTL now... watching to see if Resist holds again here.. charts still suggest a pop up to me.. last sso 3707

1142
SSO has not broken over its intraday DTL 10min... needs to break over the 3min and 10min DTL to get upside accel.. i remain long sso for now...

1122
poss gild to hit 4640 then go down to 4624... would be bullish still.. to set up chart pattern confirming the 4647/57 targets

1119
gild close to retest the .37 trgt that it hit earlier tday... see if it breaks higher or pulls back down again...last 4633

1117
GILD has an asc triangle bullish 60min chart that points to about 47.83 ... but i prob will not hold that long since it requires overnight... will re-eval later in day


1116
support held... see if it can hold more than 5 minutes tho lol

1113
at some support


here..see if holds or breaks lower...
 
 
1106
4637 gild target hit,,, made 4641

1104
GILD reports earnings after market today, i think... will confirm... so this is daytrade for now,,, prob no swing...

Targets gild: 4637, 4649, 4657, 4693

1101
1059
sso inv HS not really in play now, no..but i still see a bounce higher in sso, to the same targets

1057
gild first target from 4616 buy is 4637... then higher

1053
long 1000 gild 46.16

1046
small port... took loss on pfe... stopped out at 1886... will re-eval later

1033
charts suggesting chop here, and retest of HOD, to me//// 3, 10 n 15min charts... last spx 1099

1029
the 3784 trgt is close to 3793 Resistance

1028
sso target for inv HS is about 37.84, if it plays out

1027
last spx 1100...inv HS still forming (maybe)

1027
watching for poss bull mini inv HS forming on SPX 3min

939
should see a higher hi today...dont think the hi is in yet... last spx 1100

937
i am watching 1103 1113 1115 for now

* 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".