Tuesday ramblings (and Mon nite futures)

341
in coming days soon i hope to get a nice short opp

341
i'm holding my sso longer overnight swing...the 60min isnt broken nor is 15min

335
tbt new HOD...at HOD now :)

334
30.20ish next brcm target (est not calc precisely)

332
an SPX close over 1071 yest hi would be bullish

331
i'm exiting tna today for a small profit or breakven, only because i have too many positions to monitor and i am sufficiently long

326
rimm has lots of R at 6677 so will need to hurdle that (tomorrow).. might close there today rimm 6677ish

324
rimm hmm took too long to hurdle that 6640 perhaps////

320
this year: one of top 10 trades of the year 2010 it think... will be bursting of treasury bubble... is why i'm trading TBT

316
tbt is interesting to trade, because it can also go UP whehter spx goes up or down.... the tlt bublle this year...been trading in and out of tbt


315
rimm 6660...6640...6680 is what i'm looking for

314
rimm needs to break back above 6640....last 6634

304
i remain long the sso 35.11, brcm 2842, tbt 4700, rimm 6753 (ugh on rimm, but still see a move up there)

303
i see up in coming hours.... still no damage to these 15 and 60 min charts... it is just bouncing around without inflicting damage thus far

254
rimm is rite on that support line now....see if it holds or not... last 6608

245
altho we continue to get those bearish shoot stars on many moves up

244
thus far spx is only backtesting its horiz breakout point 1070ish, and holding.. still no damage to 15min 60min spx

238
so i expect higher RIMM, to 6876 and higher, in the coming hours/days

237
despite the move DOWN today, RIMM has developed a nice UTL support with 3 perfect touchhes and remains bullish over 66.00

225
i see gary.... i'm llooking at the 15/60 min but i hear u.... in chop i often throw out the 3minutes (but my timeframe is not scalp or daytrade)

222
for now, the 1070 is holding.... still no damage to 15min and  60min spx charts

220
spx near 1070 again now...

203
RIMM breakout (up or down) still est to happen at 2:07suggested earlier today.... in about 4 minutes... last 6645

156
rimm did pull back and stall near the 6672 area as expected...last 6663

151
if rimm does not pull back here and breaks higher, then its velocity is accelerating... at constant velocity it would pull back here... last 6672

149
6672 stall in rimm here is poss...last 6667

146
rimm continues in its coil, with an estimated breakout time of 14:07, expecting an upward break...

145
sso has held over the .26 bull crouch tiger requirement...barely at .27 but has held....

137
the daily ES and SPX candles are bullish, right now... the spy is showing a long tail doji .. ES engulfing, spx one white soldier (but they need to close properly).... the one white soldier is interesting because if you merge the 2 candles (red and green) you end up with a hammer.

131
rimm has formed a 10min chart coil.... which usually resolve in the direction of the prev trend (in this case down)... but other indicators suggest an upside breakout instead (the longer timeframe charts 60min, daily)

127
sso crouching tiger bullish but only87% confid suggests some sideways or even down, then move up if 3526 holds... last 3535

126
spx needs to crack over that 1078... that would be bullish if it cracked it and held over it

125
for spx my intraday bias is still up based on 60min 13minute spx charts

123
tbt has recovered from under 47 and is now green... tbt is multiweek hold possibly

121
bulls want to close today over yesterday's high...bears wish to prevent it

115
another pattern in rimm allows for 6766 which is close to the 6761 prev signif high (after hurdling the other R of course)

112
right now, for sso, i see no tech damage to the 60min charts....they are above their supports, and the other indicators seem good,,,

111
using the 10/15min as entries/exits

110
idea:   trade the support R on the 60min not the 3min.... in whipsaw throwing out the 3min often is helpful

108
sso is developing a 15min up channel so some allowance under the 35.00 might be ok...as long as the support line holds

107
RIMM does have a bull crouching tiger so it should hit the 6683 / 6701 if 6635 holds

102
rimm at 6664 grr and backed off... 3 cents from that 6667... it needs 6667 then 6687

1257
watching to see if RIMM stalls at 6667 or not... needs to hurdle that...last 6644

1252
but needs a close under 1066 es to confirm it

1251
that 60min ES candle is a nasty looking bear sthoo star.... but lotsa volatility here

1243
qqqq took a big drop...but held over th 43.00 mentioned earlier

1239
go brcm.... up 4.47% // 6.31% and target still not achieved...expecting higher brcm

1229
the spx may decide to put in 3 white soldiers 60min pattern in lieu of a visit down to 1070

1226
this stall at 1078 spx is expected... pullbakc to 1071 would still be ok for bulls

1221
rimm stall at 6681 and pullback would be ok

1219
spx SHOULD stall here at 1079,,,if not, very bullish


1217
NERVOUS tna could exit now for breakeven recovery....

1215
here's rimm at that 6640...needs to sustain OVER IT for the 6701 trgt

1212
sso up 1.2%,, brcm up 4.4%, tna near breakeven, rimm down 1.7%

1212
6701 RIMM target on sustained break over 6640 (ext target not precise)

1205
qqqq didnt drop down to 43 (which would be ok) at least not yet...failure to drop before another upmove would be bullish and could make this a trend up day

1200
if sso / qqqq dont pull back here to 35 / 43 that would be bullish... they could pullback then still pivot up to new highs

1154
i could see qqqq 4321 to....4300 then up to ...4373 here... (est targets, not precise calcs)

1153
i mentioned before... over th 3440ish sso /// 4276is qqqq... the 60 min charts are bullish for last 2 days .. and they rocketed up in sso and qqqq from the 4276 qqqq

1146
although RIMM is frustrating..but still in the 66-68ish rectange.. down red 1.88% on RIMM

1143
this ES is getting tricky... 15min possible broadening formation forming ... those are notoriously diffucult to trade, although lots of fun

1142
qqqq R stall expevted 4321 4329.... if it hurdles that, more upside

1140
etfguy---- qqqq


bounced at their exact support level b4

sso got 3450...is prob why it didnt get

3450/43ish
 
 
1123
sso 60min chart still valid for a long here, as long as sso is over 3439

1121
surprisingly the 60min qqqq chart is still valid for longs, as long as 4276/4260 holds

1120
qqqq held support on this test anyways... bounced exactly at the 4276 support target... but they r taking a beating...

1034
spx hit 1072 so it did go over the prev 1069 as expected. still more upside, to me

1023
sold some brcm at the R and target 2757 for 4.08% profit (would have been 6% if hadnt bought more at higher price)

1023
avg brcm is not 28.42 not 27.90 (because I bought some at 28.94 and 27.90)

1016
RIMM tho is currently red 1%

1015
BRCM longs continue to perform well and resist the downmoves in spx.... 2941 last... i added more brcm yest at 2900ish, and have some from 27.90 as well. Already took partial profits on some at 28.50ish (from 2790 buy)

1008
rimm 6697ish will get some R.... its whipping around in rimm, as is characteristic of this stock

1006
spx HOD is 1071.5 thus far.. i think we get a higher intraday high...last 1067.85

1003
sso stalled at 3529(its exact target and R) and moved down some, as expected. I expect higher sso in the coming hours/days. last 35.00

955
bought sso 35.11, swing

933
sso first target, and R, is 35.29...last 3512

9:31
nervous rimm swings could exit here breakeven, i'm staying long rimm

7:44
A SUSTAINED break in ES over 1069 suggests a 1081 target. last 1065.75

7:21
Shorter term (15min chart): To prevent a mini 15min bear HS from forming, 1064 must be broken higher, and 1061 must hold as support, else the HS suggests a decline to 1057 if 1057 (which just so happens to be the pivot below. Isn't technical analysis fascinating?

7:10 AM
Overnight ES futures have crawled from 1054.75 to a high of 1067 and are currently at 1064. But can ES hold onto the gains until 9:30 AM open?

Key #s until 9:30 AM (or until either is broken higher or lower after 9:30) are 1057 and 1067, with 1057 as the simple pivot. Over 1057 is intraday bullish, under 1057 intraday bearish.

* 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".