SUMMARY:
Green day. took a loss on the PG, all other trades were green. Most expectations were met thru the day. See yellow highlights below for details.
403
qqqq closed at 46.14, below the yest low of 46.16 as hoped for,,, tho under 46.08 was preferable .. bearish close, among other bear indicators
353
i have swing short signal in the qqqq with 96% confidence
341
a qqqq close today under 46.14 would strengthen the case for short qqqq ... last 46.24
333
sold GE at breakeven not profit
321
i will sell GE today for a small profit... still think trade has merit, but I do not want to keep it this Thurs n Friday. So goodbye GE... will sell b4 close today.... can always buy back
327
i CANCELLED my SDS buy order limit.... using the QID instead for now
320
buying QID.... for swing and daytrade both.... i like QID more than sds... in qid 18.63
305
most qld stopped out...small 25% left for the close
301
qqqq broke the UTL support to downside and are now backtesting it...60min
257
GE stop raised to 15.47 .....
251
charts suggest qld should pop up again but idk if my stop at .71 will survive....
245
missed my sds limit to buy fill by 8 cents so far...unfilled
238
60.91 stop qld on most
234
taking some qld off here for 1% profit in 30min
233
stop .73
232
stop .63 for a piece of qld to lock some profits
229
qld stall .77 if it gets there
225
still in qld....stop survived by 3 cents
213
qld stop raised to 6037 for breakevenish
211
QLD has a minor bulll diverg so i'm trading that.... trade premise still valid
152
going in QLD for scalp at 6037 here
149
2 cents from stop...will prob be stopped out for profit.............1876 or 1864 nvda might want
147
nvda survivede another hit to 1880 and held...so far....stops remain at 1878 on all except last 25%
133
small positions can sell 2000 shrs nvda here for $320 daytrade profit... i would take that or at least half
132
this GE is tricky... the 60min could be forming a bear desc triangle...but i remain long
128
1878 stop for a piece of nvda... if 1880 doesnt survie the next hit i want profits
125
if GE gets to 1860 i would expect stall....needs to break 1864 and sustain to get any real upside
119
what would be nice.... NVDA makes a new high and forms a bear diverg on the 60min....will take profits there... the bear diverg is not formed....looking
113
NVDA has poss bull asc triangle forming with poss break higher on thurs....but not sure i will hold any nvda as swing.... will eval
1259
nvda continues to crawl higher
1257
dow about 180 points from my upside trgt max b4 drop. 10,754 been target since Oct. with 14% pullback to start.
1255
GE continues to burn off overbought with little price movement down... on the 15 n 60m
1253
nvda at prior Boll band of 1888 njow...
1252
grr....PG back to breakeven....but i took the small loss b4.... cuz i couldnt risk a break of LOD....
1244
GE 3min has poss dbl top....would break down to 15.40ish... but i remain long... nervous could exit here at small profit in GE
1242
i will keep 25% of nvda with lower stop, below the 18.74 stop on the rest of it
1242
nvda "should" go for 1896....last 1881... but anything can happn here.... it is hovering at HOD
1238
nervous NVDA would take profits here at the High of day
1233
BELOW BELOW the mkt...buy SDS 33.42 if filled... not sure i will get a fill... prob not... but there in case of a nice spike
1227
GE over 1549 would be good...under that I start to eval poss exit from it
1223
GE 1547 is impt support #...stop at 1538 for now
1218
the nvda stop is tite to assure profits....can always buy back these daytrade thingies
1217
just waiting for short for rite opp... if we get a shoot star today in spx i will short into that....
1210
GE daily chart-- bull pennant
1206
see if 1877 R is converted to support since it broke over it...thus far holding as support now
1205
NVDA bull flag 10min
1155
GE in bull pennant 60min
1152
*1874 not 1877
1151
stops raised to 1877 on 50% of NVDA...last 1881
1149
small NVDA positions could sell now for $220 profit (2000 shrs)
1141
NVDA hit the 1877 target...holding for higher
1140
GE testing resistance now at .57....see if holds down or breaks higher...charts suggest break higher
1136
raising PG stop to 60.62 .... trade premise is breaking....
1133
GE NVDA both up,,,, PG down (messy)
1121
PG close to breaking above its inv HS bullish
1119
NVDA hit .71.... .77 trgt next
1115
PG inv HS 3min forming
1113
nervous PG could exit now at breakeven....i will stay long
1058
NVDA rite at 3min R here... if breaks it then should get nice lil pop...1870 last
1056
long NVDA also now 18.66
1044
long PG 60.80 stop 60.40
1037
out of sso...small profit
1035
if .67 breaks will prob see .63 or lower
1032
since the 39.84 peak, sso has formed mini 3min down channel.... watching to see what happens.... 15 and 60min charts still say more up poss so staying in the sso at breakeven stop ... conflicting signals
1027
sso pierced above its wedge on tues and today with wicks..... may need to redraw the R line higher... leaving lower for now, excluding the wicks... but poss CHANNEL could form, wrecking the bear wedge... tho i do not see that happening based on other indicators, but poss
1023
as mentioned many times... these bear wedges have a nasty habit of breaking to upside before the bear down manisfestation is realized
1022
spx 60min rsi pushing up against resist...testing it... watching to see if it breaks higher (among other signals). still pushing on the wedge R line in spx
1018
spx trying to push out the upper boll band from flat to up...15min... has not done thus far
1017
taking some scalp profits here at .80....holding most of sso for higher. in this whipsaw need to take some scalp profits
1014
stop 39.67
1012
sso stop raised to 39.71 from 39.00..... free ride, no risk trade, stop over cost
1009
spx is pushing on the wedge R line now... see if holds down or breaks higher
1005
yes. there is the new spx daily high i called for a few minutes ago.
1004
spx has an 88% confidence bull crouch tiger... suggest chop with upward bias
1001
charts suggest SPY will make a higher intraday hi today
1000
it is very very choppy out here now... wide stops required... my work suggests SPX has a move down coming, but that chop with upside bias will come first. hence my long daytrade in spx via sso
956
filled on sso .67.... cancelled .60 order for now
954
sso 39.67 buy limit if filled... posiotino one of 4 possible...chop today requires scaling in daytrades
953
sso 39.60 buy limit if filled
944
GE stop raised to 15.38, a lil below cost
942
see if SRS holds 7.38.... hit 7.42 n bounced up
939
GE targets 1570, 1591 for now...maybe higher later.... last 15.60
932
IF GE can hold 15.55 that would be bullish,,, can go lower but 1555 would be great
930
right now, GE opened according to the trade premise... still swing long GE
9:20
srs is interesting... depending on whether you include wicks or not in the DTL, srs either successfully backtested and held, or has some more work either down or consolodating. Looks like at least some consolod is coming, so I'm waiting on the sideline for re-entry to srs
9:18
vxx is what i am looking at today again... had some, took profits few days back... yes want to re-enter.... also looking at SRS at this minute... not sure if srs ready yet for swing, close, evaluating now
8:22
Bulls will want to hold ES 1125 support. Micro-support (coil support trendline) is at 1127.50 now, coil R is at 1130. A break of either could cause a breakout in the direction of the break, although it is still pre-market and this small coil likely will not have any dramatic effects
8:20
ES is now in a small coil pre-market.... updates to follow in a few minutes
* 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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