Friday ramblings (and Thurs eve / Friday pre-market ES Futures)

1542
out of rest of uaua at breakeven, took 2 - 2.5% profit on half of shares

1541
this looks head-fakish....es at 1108

1538
SHORTING csco 2428... will add more if gets higher ... swing

1532
if CSCO surges up.. i might short into the surge up...today..unsure.. last 2426

1525
plan:  close uaua today swing,,, keep the shorts in biib has orcl, keep qqqq march puts, keep typ vxx and everything else

1524
es...1102 break would suggest 1098... maybe not happn here in opex

1522
es should see 1102.....it stalled bounce at 1105 not 1104 suggests 1102... i think lol

1519
BIIB should make it down to 5627 then maybe 5617... last 5652

1518
ok ORCL stalled exactly at the 2423 and is moving up... still ok for shorts, expected this

1517
i dont think the last move down was a headfake... see lower ahead

1515
orcl stall at 2421 would be ok for shorts...last 2423

1515
es 1104/02 trgt next

1514
that ES daytrade
signal 1108 worked nice... last 1105

1513
since jan 25,,,, i have held we would go to 1040 then up to 1111 then down to 1040 up to 1100 then break below 1040.... though spx never hit 1040 only hit 1043.50ish... I dont know what that is in e-wave, but thats still my roadmap

1503
biib stall down at 5626 is ok for shorts...last 5658

1501
es needs to break 1106.50...last 1107.50

1500
i have an ES short setup daytrade here now at 1108 ES

1448
uaua vol soooo light today

1427

ORCL poss mini roadmap: down to 2405 up to 2437 break under 2405 ... 2381, 2291, 2173 targets to start

1426
uaua needs to break under 1518 and close 10min candle under there else it likely heads to 1540/43ish. last 1524

1422
HAS hasbro may be forming the 5 day candle pattern bearish rising methods...on daily chart

1419
tbt has been a goldmine these days but i see no re-entry yet... do not expect one today .. swinging tbt every 2-4 days is whats required for now, except for the long term piece i'm holding as a position trade for months

1411
uaua needs to crack and close 10min under 1918 for some downside momen. last 1522

1408
ORCL stoch daily looks like it will dbl top, the daily rsi is confirming a lower hi...more to follow details....lots of signals in the ORCL

1407
ORCL looks like a really nice swing short... details later... but daily chart good, a bit early entry but the doji inside day,,,, 60 min cracking, 15min weakening...  this is an early entry with higher returm but still only moderate risk.... the risk is less than most early entries .. daily chart says "wait" for swing... but i'm in short from 2440. last 2428
 
1358
I will likely close my UAUA short today (the second half, took 2-2.5% profit already on first half), and re-eval re-entry on Monday if merited. Same strategy as exiting the TBT at 50.27 yest b4 this tbt decline today.  i've entered ORCL new position today instead, as swing

1354
still short uaua...stop survived by 2 cents

1352
shorting orcl here swing 24.40

1301
stop 1533 uaua...give a lil room

1259
stop 1531 on uaua

1255
uaua 4 cents from stopping out even on 50% of short that i didnt take profits on. last 15.25 .. i took 2-2.5% profits on other half already

1243
still no re-entry into tbt

1150
my feb 5 target for spx was 1111...lets see if it gets there or not... 1110.37 high so far

1126
biib bearish rising wedge nearing apex

1125
stops on remaining UAUA are set to breakeven, partial 2% profits already taken as posted previously

1039
sorry for sparse comments today... managing 12 open positions here... all trade premises still valid... shorts in biib has uaua,,, long vxx typ

944
UAUA is forming a shooting star in 60 min. i will be watching this czu shoot star can be BULLISH when it occurs near a bottom... 60min trend down but UAUA might want 1529 so watching it... last 1500

942
uaua short is all over the map this morn... still green but jerky

839
ES pivot now is 1102: over that, bullish, under it bearish. Last 1101

8:33am
Well ES started to follow the roadmap below from 9:24 last night. It hit 1093, bounced up, and is now at 1100.50.  Will it turn back down here, or continue higher?

9:24 PM
The ES futures are down sharply tonight, 11 points right now at 1096 with a low so far of 1093.

It's still early for roadmaps, but a possible roadmap would be 1093 to 1100 to 1093 to 1086 to 1080

We cannot rule out a rally up tomorrow if the markets gap down, although I remain bearish (as I have been for the past 3 days).

* 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".