tuesday ramblings (and Mon nite futures)

406
my 58% profit from options sounds fancier than it is... naturally the dollars invested in options are less than those invested in stocks... dollar profits matter, not percents


401
small port change from yest... up $486

351
stop 1897 on 75% qid swing

340
oops out of HON...small profit nothing great...missed my 4524 trgt grr ... better than a loss

338
if the qqqq closes under 45.85 then i will keep 25% of my swing in qid... and take profits on other 75%.. i am tempted to take profits on 100% but my rule says "don't cover yet... keep some qid"... so i'll take the small risk

332
qqqqq 60min bear flag...prob wont manifest today

329
heres 4211..... lets see if it goessssssssss

328
if hon gets 4211 it should pop up nice

325
hon stop 4194

322
hon needs 4211

320
hon trgt 4523 first....

314
looking for hon to test 4209 and break higher...small risk,

313
daytrade into the


close...long 500 hon at 4203 stop 4187
 
mental stop 4199


307
charts suggest another pop up grrr

305
small port still has 500 qid...

302
still in the qid.... grrr the 4577 was the high of the bar that took me out of qqqq....4577 stop n 45777 bar hi....grrr

300
charts suggest lower qqqqq in comoing days still.......... but this mkt bounces up like crazy at the MAs....

259
COVERED the qqqq..took profits... still in the qid

257
this pop up in qqqq makes sense given that suspicious buying I mentioned below....

248
4560 support just servived another hit....

246
4553 qqqq mini bounce... i needed to draw a second support line....suggesting the lil bounce is weakenging.... 4564 last

233
qqqq has a coil...broke lower, and backtested... backtest up not complete yet...see if R holds

228
but theres another DTL that allows more upside....

228
i drew a 3 min trendline qqqq... the qqqq is doing near perfect touches to the DTL resist.... close here...bias down

222
my other charts still say --dont go long qqqq...dont cover short qqqq just yet.... but this buying is suspicious... not right lol

220
strange... my software showing BUYS,,,, but prices declining....hmm price rule but still interesting
 
217
4567 R held so far...

208
12/31 4575 low in qqqq... see if it converts from supp to R

200
testing that 4567....now

158
4574 stop set on the qqqqq short....wider for qid

157
qqqq.... crouch tiger starting to form,,,bullish qqqq...wathcing it

155
4567 qqqq test again.....

153
4567 4576 qqqq resistances

151
pfe could breakout after it chops around...but not holding any now...let it settle n decide, for me

150
possible qqqq backtest all the way back up to 4628 .. certainly will not hang around for THAT lol... no sign of that now... future poss trgt

146
4560 being tested...needs to hold else LOD n lower to 4541

144
the qqqq 60min is putting in a bull hammer, but its small and would need confirmation with close over the hammer high

142
and the q's need 4567 hurdle sustain

141
qqqq need to hold 4560 or lower low is prob...last 4565

138
no crouching tiger

138
no 3min rsi bull failure swing for qqqq bounce...yet...failing thus far....

137
there is a mini bull inv HS in qqqq that points to .73ish as mentinoed b4...but that could also just be a painted chart

135
ok lets see if the 4567 support was vconcerted to R as it tests it here

131
chart setup in q's for bounce to 4573 if manifested... 78% confidence only tho

127
qqqqq should have sellers waiting hangin at the 4585ish....

123
qqqq under 4561 is great...over .67 iffy,,,, to me

119
i was one day too early on the qqqq shorts yest.... maybe 1 day early on the pfe breakout? not so sure but will see... small swing positino left with stop set, for now

116
qid stop 1877 for now...will adjust later..for swing

0110
qqqq foloowing intraday roadmap so far.... need 45.41 / .33 to setup bull diverg for lil bounce

0102
qqqq 4565 then 4541 is what i want ... over 4567 it gets iffy

0100
there is no diverg in 60min qqqq ... suggesting lower qqqq in coming days....bounce poss but lower expected

1259
3min bull diverg starting to form in qqqq....but certainly does not rule out more down in qqqq..... still malforemesd

1258
watching for poss mini inv HS bullish form on 3min qqqq

1257
selling some more qqqq puts....58% profit... still have 70% of contracts left

1254
DOW came close to 10,754 target...maybe it wont make it? unsure ....

1252
qqqq mental stop 4567...last 4556

1252
target: qqqq 4541 support see what happns if it gets down there

1251
. lower low expected.... lod 4559 last 4564

1250
4573 tite stop has held so far....qqqq continue lower... nnice

1245
interim qid trgt now 19.24 then 19.51

1244
4573 stop on the qqqq shorts....same ole stop in qid

1242
4573 mental stop in qqqq shorts....under 4573 could go under 4559

qqqq rite at daily 20ma support here...watching for boyunce vs break lower

lol somehow PFE hangs in at 1886 (got stopped out of 80% of it tho for lil loss)

stop 4577 on qqqqq shorts...

1228
selling more qqqq puts.... 42% profit daytradde

1226
stop 4581 on qqqq shorts

1225
qqqq broke marginally the prior low 4575 with 4571....will it hold lower or bounce? watching.... titen stops on 50%

1224
1904 target hit on the qid....still holding for more

1223
1886 met....close to


1904
 
 
1222
yes. qqqq falling.... QID targets: 18.86, 19.04, 19.51, 19.84, 20.21, 20.60


1220
selling some more qqqq puts for 13% profit :).... still have 80% left

1217
more pfe 1890 stop 1886///couldnt get 1889 fill

1210
cond order: buy 1000 more pfe 1889 stop 1886...risk 3 cents

1158
wanting qqqq to stay under 4595 here.....last 4594

1154
pfe survived stop by 2 cents so far

1150
taking a quick 5% profit on qqqq puts options...
 
1148
small ports nervous pfe could exit now with $50 loss

1140
pfe is showing a bearish inv crouching tiger setup with risiing prices...this is rare and usually means an explosive move up... but its only in the 3 min time which weakens it

1139
pfe break under 1888 could see 1880/78... last 1890

1138
yes. qqqq stop survied by the 3 cents...

1137
yes. as expected qqqq broke .96 now at l.92 headed for .82

1135
pfe is trying to break higher but its fighting a downtrending mkt intraday...doing ok still...want it above the .90 ideally

1133
3 cents from this 4603 qqq stop breakevenn....
 
1122
if qqqq see 4602 could go for 4607 then 4613... don't want to wait in there as a daytrade, ok for swing

1121
qid stop remains lower for swing

1121
qqqq cover at breakeven 4603...new stop raised

1118
80% confid on qqqq break of 94

1117
4594 should break lwoer qqqq...last 4595

1109
wanting pfe to hold 1888 here...last 1890

1106
qqqq needs hold 4596 else 4591 4582

1104
TARGET: PFE 19.68 with stalls at 19.03 ... will find interim targets later...

1100
and the qqqq retreat as the pfe trys to breakout :)

1059
pfe at HOD again...trying for breakout....

1055
nervous qqqq could exit here breakeven....qqqq could see 4613 or 4617

1051
if qqqq breaks 4603 i might cover my shares near breakevn then re-enter...unsure

1047
larger ports would buy 50% of their port in pfe... daytrade piece

1044
a pfe stop could also be more loosely set below yesterdays low (lower stop)

1042
PFE has nice bull asc triangle in the daily chart... but i didnt chek news earnings etc for poss swings....will chek later.. for swing trade like to chek those

1039
pfe stop 1876 for now...will raise again later or maybe exit early...

1032
looking for pfe long to hold 18.90 / .80

1030
there is a lot of R at pfe 1895 but if it breaks should give a nice surge due to resist for last few days

1029
pfe is a momentum breakout trade near the high of day....

1028
long pfe 18.93 stop 1880 daytrade .. 1000 shares

1017
yes. i tried to short at 4604 on a stop clear move,,,was not filled, so paid the prem at 4602..... only hit 4603 so far, and headed down again :)

1015
i expect 4614to be resistance to hold

1014
stop 46.21 to cover qqqq shorts, for now

1012
4602 hit not filled yet

1011
one cent away from short fill....

1009
short 4602 not 4604 lim

1005
limit short 500 qqqq 4604 small port

1002
considering more qid at 1875 unsure now

1000
qqqq 10min chart doesnt even have bull diverg or other buy signals intraday

959
charts suggest lower qqqq but this mkt has amazing ability to bounce lol

952
small port sell 500 shrs more at 1885

951
profits taken at .87 on 500 shrs

946
qqqq close under 4590 today will prob prompt me to add MORE QID swing

935
qid stop 1863 raised to protect n guar a profit

915
moving qid stop to 1796 for now.... will re-eval and raise after the open today

939
yes
1884 qid target hit exactly... sold 10% there (large pos) .... small positions stop raised

856
i still want vxx again... haven't re-bought since taking profits... a multimonth hold in the vxx

839
the ES could be forming a HS that would cap it at 1139/1143ish (under the 1148 high) ...see it?

834
right now, ES is testing the 1133 at 834am,,,before 930,,, interesting... expected that that after 930....

825
QID targets: 18.86, 19.04, 19.51, 19.84, 20.21, 20.60

7:30
TRADE: yesterday I added to my swing shorts via long QID.  Increased the swing position by 50% at 18.41. Will be watching the open today.

Tues 7:27 AM
ES futures declined overnight to a low of 1133, with a current price of 1136.

The 60min ES uptrend line has been broken, so I am watching for a 60 min trend reversal of 1) trendline break, (2) lower high, and (3) lower low.  Right now, we have #1 confirmed.

There is resistance at 1141 ES that needs to be hurdled. ES less than 1141 is bearish to me.  1138 is also important resistance because it was yesterdays support (now converted to R).



* 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".