Friday ramblings / Thurs eve futures

400
this morning i suggested qqqq hi of 43.90 ... the high was 43.88

352
heavy selling in GILD here
 
338
how boring for 3:38pm

336
qqqq could hold 4365 but it will take a lot of energy...could happn on low vol day but bias still down

335
if 1065 es breaks and then 1062, could see 1057

333
if es 1068 breaks....then 1065 should come fast. last 1068.5

332
gild at 4688...come on 4679... that should trigger selling

327
i wouldnt be surprised to see xlf / faz gap down on tuesday... even tho it's first day of week

325
a 10 min close under 4680 GILD is good for the shorts...last 4693

323
still no tbt or vxx swing buy setup for me

314
the qqqq 2 day candle is a bearish "matching hi" unless new highs are made

310
i just bought qqqq options 43 put march for 94 cents...

305
volume is low past 2 days, and this is all they can push it up? bearish

259
No the analysis is not only candle analysis, it takes into account chart patterns, and 20 indicators (rsi stoch macd etc), volume, etc. Sometimes I just present conclusions by saying "candle close under xxx is bearish".

258
qqqq: needs 15min/60min candle close voer 43.88 to be bullish, or 15/60 min candle close under 4370 for bearish

256
the GILD volume is so low... as is mkt in genteral

255
the GILD volume is so low...

254
they might have started this pump to early... might be out of gas for the close, and sell at close

253
qqqq moving up but 3min weakening,,, interesting

252
my position on the qqqq remains the same: high 43.90 today, not close over 4404
 
239
for wick believers, the qqqq wick down to 42.72, and happened during mkt hours not AH

244
LOL that qqqq spike messed up my charts...cannot read the 3min now... spike DOWN to 4272

243
ES: or..if 1071 breaks...should go down a few points a least, possibly plunge down

237
es hit the 1075 targte and backked down...last 1073

224
qqqq short not filled... hit 4388 not 4390 so far

216
trying to add qqqq puts still at 4390 if able...

213
ES 1074 R.. last 1072

205
4390ish would have the qqqq slaming into its UTL if it gets there... and the strong WEEKLY DTL is around 44.04 i believe (unsure)

202
the qqqq is now setting up yet another bear diverg on the 60min...stronger than the 15min... doesnt mean prices cannot go higher b4 the divergence excercises its authority, but bearish. i continue to short the rallies (unlike last week)

158
qqqq 4390 i will buy more puts, if it hits that, tho charts are bearish suggesting the HOD may have already been set.  last 4361.

129
FAZ 3 day bull pattern of morning star... still in play as mentioned this morn .. it's one of my fav patterns WHEN CONFIRMED with other indicators....

142
qqqqq under 4370=very bearish to me... last .64

140
i might dispose of this GILD short today depending on its action, for a small profit.... it's starting to not act all that well... but will know more in the next 2 hours

138
the 60min qqqq DOES allow for more upside first

137
the qqqq 15min bear diverg is now complete and should push the qqqq to under 4315

130
selling a few qqqq puts for 20% profit here (large port)... small port... holding all puts still

125
qqqq could bounce to 4377 or so...still bearish if it does... may load some more qqqq puts if it does... last 4358

123
typ... small port selling half of shares here for 1.8% profit...holding other half

123
2% profit order filled in the typ

122
TYP daytrade stop moved to breakeven for a free ride up... took partial profits already

121
more typ profits...selling some in large port (not small) for 2% profit daytrade .. IF ABLE... limit order not yet filled...

17
selling a few puts here in qqqq for 22% profit... daytrade... 1 hour about


116
a QQQQ 15min close under 4360 should really do it for qqqq

115
taking a small piece of profit on daytrade here... 1% on the TYP

114
this low vol is crazy... it is causing gap ups in the TYP... this also happens a lot in SH (i dont like SH, i just short SPY if i wanted that)

104
qqqq have an inverse bull tiger (bearish) forming now.... but not finished forming so could get higher levels, or sideways

102
a 15min candle close under 4370 qqqq would probably trigger my other signals to say "qqqq made HOD"//// last 4373

1242
usually i prefer to write (sell) options instead of buying them, but this is fun so figured will buy some

1238
i bought some qqqq puts ... 60 cents

1231
i did typ 1014 daytrade, buy #1

1229
daytrade: i will buy TYP 10.11 limit if able

1228
there is a bear diverg qqqq setting up here... could go higher as the diverg completes... watching for reversal candles, patterns, signals and indicators

1227
4391 QQQQ has lots of R... last 4379, HOD 4385

1219
i remain long the typ and faz... these are swings and still valid, for me... just as the longs in TNA RIMM BRCM remained valid last week

1210
i do NOT think the qqqq can close over 4404 today,, last 4364

1208
qqqq hit the exact 4365 R target...watching what happens here

1200
SPY 3min also has a TRIPLE top which is very bearish...inability to pierce the high on 3rd try not good...but on the 3min....its a weaker signal cuz smaller timeframe. last spy 107.18

1156
its too early for me in tbt... i'd rather pay higher price, with the right chart setup (tho i don't exxpect that)... rather jump on the momentum instead of trying picking bottom

1153
looking for re-entry into tbt and re-enter vxx... dont have setup for either, yet

1130
a volume surge would be needed here to push up qqqq... there are multiple R at 4348 4352 4360 4365

1126
the qqqq move up is likely temporary (for coming hours / days) not minutes

1125
qqqq could find R right here.... 4347

1109
GILD has a bear pennant in 60min.... those hammers are bullish but other indicators suggest a break downward nonetheless. IF the 15min candle can CLOSE over 46.45 /46.51 then it could turn bullish, but i'm bearish for now.

1100
UYM right now is very bearish on both the 60min and 15min

1052
the FAZ potential morn star suggests that MAYBE we only get a spinning top today in faz, without much movement, but a move upward on tues wedn etc

1048
wow the FAZ could be setting up the very bullish morning star 3 day candle pattern today in the daily chart .... we will know at today's close if the pattern has formed, BUT it needs confirmation in the days after (Tues wedn etc).

1044
there is a bull crouching tiger in faz 93% confid if faz holds 2117,,, 84% without the 2117 hold

1040
typ pierced below 1047 and recovered here, as expected.. last 1056

1039
and the faz appears to be breaking out higher...why i entered a bit early there

1037
in faz 21.36... a bit early again.... but possible breakoug on the 2min

1025
IF the spx can chop around sideways here and limit that turn down, it could become bullish again... the daily charts are allowing for more upside but the 60s and 15s are holding and pushing it down.  For now, i'm bearish until such occurs

1022
the typ has a positive divergence (not to be confused with bullish divergence, they are diff) in th 15min and 60min.. suggests lower spx qqqq and higher TYP

1013
if TYP pierces 1047, i expect it to recover (in coming hours)

1005
should make a lower intraday low

1005
the MM "buying interest" test appears to have failed... should se lower ES,,, higher TYP,,, last typ1057, ES 1062

1003
well the bull inv HS 3min was just destroyed in gild... now testing LOD for 3rd time today

1001
i'm short GILD so watching out for poss bull inv HS forming 3min

956
MarketMakers are testing buying interest rite now....

951
gild down 1%....good for the gild short

946
typ 1063 stall is normal,,,1081 target next

939
yesterday i suggested SELLL QQQQ if long at 43.73 or on a 10min candle close under 4365. the qqqq are acting as expected. possibility to re-buy long but prob not... qqqq last 4325

TYP trade from 10.32 is at 3% profit now and rising
 
 
* 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".