Thurs ramblings (and Wedn eve ES futures)

3:50
at 2:54 i mentioned that qqqq prob would not make over 4371 rest of day.. hit as high as 4375 since then

346
a DAILY close in yhoo over 1565... that would send it sailing up

344
4.4% tbt gain

343
tbt 5%ish gain

343
took a 1.8% loss today on crazy spg

342
took 8% and 10% on bcom in 1 week.... exited the tna breakeven

340
selling the RIMM and BRCM here today... RIMM 6750 sell-- cost 6890,,, brcm sell 3068 cost 2970 and 30.00

337
yesterday damage was done to the bullish 60min charts and they have deteriorated more,,, yet the daily suggests more up possible, weekly is down

336
i prefer short. i am short. i was bullish until today. spx might make 1096 but not b4 a pullback,, i think

332
3min qqq looks like poss dbl bottom mini...BUT charts dont support it...suggest lower not highter .. also the 3min qqqq bull hammers ... i dont trust

330
there go the qqqq... if the candle closes under 4365...ver bearish

327
i got that extra GILD short just in time...last 4677....that 4680 crack was key

323
my GILD short is now shorted from 46.52 avg cost

322
shorted more GILD 4682

308
i'd have a swing short qqqq on a 60min candle close under 43.50, with a more aggressive swing short on a 15min candle close under 4365... (or long TYP swing setup)

256
i would exit q long now ... 4370

254
qqqq last 4370....might not make over 4371 rest of day

250
typ....over 1026 better, on a 60min candle

249
A TYP 15min candle close over 1021 would be bullish for it

240
the 3min charts are warning that qqqq might have seen HOD

239
GILD 4673 needs to break lower for gild short...last 4690 but weakening

238
qqqq over 4360 intraday bullish for a final push...under that bearish to me

237
its possible that spx could try for 1096 but not b4 a pullback first,, and the 1080 might be "it"

231
if i were long the qqqq... i would sell today, take profits, and look for re-entry if merited... today could be "it" for awhile... using candle close mentioned b4

227
yhoo 1526 down 1512 then retest to hurdle 1526 is one roadmap

227
yhoo 1540ish trgt

226
see if yhoo can clear 1528... a pullback there would be likely, ok for long,, last 1522

224
typ first trgt 1027 via chart patterns indicators

218
4394 and 4402 qqqq next R

216
60min charts suggest


still more up, but we are at

resistance here so it might not make it
 
60min charts suggest still more up, but we are at resistance here so it might not make it ... right now 15s still bullish but throwing lots of warnings....

215
if i were long the qqqq i would exit on a 15min candle close under 43.63.. last 4379

209
spx has an inverse bulll flag (bearish)... 10min chart... it could pop higher, but bearish signs developing

209
spx has a bear shoot star 15min...confirmed as bearish... its moving up again but bear diverg formin in the 10min spx

206
looking for GILD to be contained under 4714 due to its 10min bear wedge...

201
possible sloped bear HS formin on GILD daily...if prices contained around 4505ish.. bulls will say it was just test of the gap and pivot back up....

158
GILD is forming a bear rising wedge 15min 60min

157
as expected tbt now under 49.00... falling ,,, some support here could bounce a lil (i'm out of tbt...took profits already)

153
theres the spx 1077 target hit...1073 next...then maybe bounce

150
if i were long qqqq i would exit here.... 4375...qqqq maybe buy back if merited

147
bulls want to hold this spx 1077.50 here... bears want it broken

144
grrr SPG did move up as I exepcted but sadly i was stopped out at a loss instead of profit.... i raised SPG my stop,,, should have left it in orig position... oh well

143
yes.. as expected spx did not take out 1080 on this first try... should see 1077 at least

137
in TYP at 10.13

136
it's not likely that spx will crack over 1080 right away here, without at least a few points pullback...if it surmounts it at all today

132
if TYP can hold around here and go sideways, it should get the power to pivot up .. last 1015,, else lower

108
trying for 1019 typ but will eval if it hits there

107
preparing to buy some more typ

101
spx move to 1071 is likely.... last 1075

1253
LOL GILD rocketed up to 4698, past my target of 4664.... didnt think it would go that high... i remain SHORT in gild still though .. at least it pulled back some to 4677 from its high

1241
tbt 15min suggests tbt is tiring... also a bear wedge forming, so i've taken profits on all except 25% of tbt (from 47.00).... i will look to buy back. it could make another surge higher, but i've exited near the HOD (for now)

1221
i expect VIX to go to 23.21 first... last vix 24.23

1159
tbt....taking 5.1% profit

1153
tbt is right at gap horiz R now...4912...watching for the break over it to sustain or not...last 4917

1137
TBT continues its breakout higher ;) .. last 49.11

1134
ES hit the 11:20am target... should pull back some here... charts do suggest more up is possible in ES / spx but mixed signals .. last ES 1070

1133
GILD short is higher now at 4649 but the trade premise still valid...remaining short

1127
the typ is an early entry,,, buying at support which could break...

1126
small port: 200 shares typ at 10.41

1123
ok QLD gone...profirts locked,,,, lloking for TYP entry

1123
actually i'll use typ


instead of qid
 
1122
i'll take qld profits at 52.73/77 if able, then immediately reverse to qid (daytrade scalps)

1120
ES target 1069.50, last 1065.75

1116
qld target 5279.. last 5231

1107
spx /sso needs to churn around here and hold around here and consolodate, then i might consider long sso. daily chart suggests possible higher prices, but i'd like to see the 60min and 15min align (for swing). a daytrade setup would come sooner, if at all. Conversely, waiting for short setup...have none yet

1106
GILD is doing well an hour later... 4587 last vs 4619 short, with high today 4625

1103
tbt is rocking...small candel in tbt but pushing up against R...set for another breakout up.. last4894

1034
for swing, i see no spx entry now, either long or short. the daily 60 15 minute charts are all trending in opposite directions, not in unison, so i'm out of spx area for now

1033
the "gap down" destroyed my trade premis so i got out and re-invested the spg funds elsewhere... i dont want to fight a gap down with a long position

1027
GILD might climb up to 46.67....where i might add to short position....last 4623...

1026
SHORTED gild 46.19... #1 of 4 poss entries....

945
well that was quick...out of spg... 6887...took a loss 2%ish

941
the remaining 25% shares in rimm continue upward.. last 6757

939
spg stop raised to 6888.. it gapped down this morn

935
glad i exited sso yest... small profit better than large loss

* 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".