Monday ramblings (and Sunday night futures)

1553
TBT may have some more downside, but i like this entry here .... it's been performing well weaving in and out of this tbt

1552
Going long TBT here at 4974

1549
SHORTING the TSN at 1662

1522
out of BIIB breakeven.,,,, will maybe re-enter later

1511
out of HAS....covered... minimal profit

1503
3554 stop HAS

1500
orcl is close to its UTL resistance here

1459
orcl hit the 2493 just over 2491 trgt...watching here

1455
biib stop 5583

1453
stop biib 5617 to cover...last 5564

1428
qqqq 60min could have dbl top or complex bear HS

1427
until it changes, i see a break of the 60min UTL, and a lower hi thus far.

1356
qqqq daily might have dbl topped at 4505 ... the qqqq broke under the 60min uptrend support line, so watching to see if it makes a lower high

1314
biib right at support now testing... seee if it breaks lower for the short

1312
poss dbl top bearish in the ORCL intraday top

1310
HAS trgt 3532 last 3548

1309
biib target is 5551...might cover there and re-enter on bounce...unsure

1308
BIIB and HAS shorts doing very well...csco in limbo asleep for now

1306
the trade premise for ORCL short still is valid, but it's an irritating day in the orcl..grr... ORCL might go for 24.91/25 before falling, but not sure, so i hesitate to exit/re-enter the trade

1202
testing the 3555 in hasrbro now

1201
HAS targets: 3532 if 3550 breaks

1141
taking 26% profit on some of my qqqq written calls here...at qqqq support...holding rest for much higher profit levels

1138
intraday, qqqq trgt 4439 then stall, 4464 last... expect under 4439 in coming days

1134
see if qqqq break under 4463 here and SUSTAIN under... charts suggest they will

1113
watchin to see if qqqq re-tests that 44.63/56 and if so, whethr it breaks or holds... last 4467

1112
has test 3566 impt support here now.... then 3537 trgt if broken... HAS is bearish today thus far but bullish daily...hasbro..i'm short

1104
the March 45 calls that I WROTE (sold) are up 20% here

1008
ORCL is pressing lower,,, marginally made new low of day here.. i'm short ORCL

1003
charts suggest the 4462 will be pierced and lower low will be made today...qqqq last 4465

1002
qqqq cracked that 4462 on the first try... uh oh unless it bounces up here.. 4557 last

1001
a csco bounce up here at 2421 would be ok for short pos.... first test

957
qqqq look bearish today

952
see if qqqq stalls and bounce up at 4462. last 4474. if it doesn't stall at 4462 it would be very bearish (yest low)
 
946
ORCL is forming a bull pennant 60min chart but other indicators are bearish. possible bear evening star 3 day pattern developig, today day 2 of 3. orcl would need a spinning top today for that pattern on day 2

944
shorts in BIIB HAS CSCO all trading properly. ORCL is acting up slightly, tho the trade premise for short still valid. vxx and typ doing ok

9:29
Looks like the SPX QQQQ will increase some here, as suggested possible. I still look for lower levels.

* 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".