tuesday ramblings (and Mon nite futures)

411
170,000 shares BIIB sold red just now ... 55.12,,, close 55.18 (bearish)

403
So i have, all swings:
LONG: tbt, vxx, typ,
SHORTS: qqqq puts, biib short, gild short,

402
took loss on daytrade vxx... broke even on typ daytrade...those were duds.... no movement into the close

358
entering 25% TBT swing now... 4848.... a bit early..possible matching low candle daily in the tbt so going for it

356
YES. gild broke under the 4680....

354
1096 was the spx target...that was hit too

353
this close is weak to me, qqqq should have


overshot the 4447 today
 
351
i still have the last 25% qqqq long from 42.50ish..stop set to breakeven... in case they want 4473

348
i'm not ruling out 4447 or 4471 qqqq but the 4435 high came so close to 4447 that it might be "it" for the qqqq.... could be down from here to below 42.00.  i'm layering in shorts (long typ)

347
a BIIB close under 5488 would be great tho not required... last 5522

344
when qqqq were at 42.50 many were bearish but i bought there... now i'm shorting here despite the bullishness... for swing... i guess it depends on ur timeframe

341
i will keep some of this typ...from 968 for swing

334
BIIB short doesnt care about this move up...it continues down :)

332
heres the gild move up to 4495ish,,,expected

331
20 cents from the qqqq 4447 target from feb 4

329
Bulls need to break VIX below 20.87, for me.. last 22.37

328
another move up in gild to 4697 would be ok for me short...last 4686

324
i expect a headfake


up in qqqq... last 4423
 
320
shorts need GILD to 4683 break lower...last 4690

316
a 10min or higher candle close under 4435 biib is bearish

315
BIIB heavy selling continues for now

313
qqqq a gap up hammer is bearish if we get that... got the gap up... see if the hammer comes. a gap up spin top sets up poss bear EVE star

312
the daily qqqq candle pattern looks bearish to me

305
no tbt re-entry yet

259
heavy selling in BIIB here

258
nervous BIIB short could exit here near breakeven / small profit but i remain short

255
however it can break lower at any time. i remain short the qqqq and long typ as swings

253
qqqq have a newly developed steep bear rising wedge in 60min chart. interestingly the upside wedge targets are close to the 4447 and 4471 from Feb 4

220
VIX daily chart says uptrend still in progress and this is just a correction (bearish for spx in coming days)

217
if they do not then the qqqq should hit the 4447/71 targets

216
i believe the DI+ and DI- will cross, with a fall in the qqqq

215
DMI and ADX 60min are suggesting a move in the qqqq... right now the DI+ is favored (up),,, but when adx moves 5 points, that can quickly change

209
taking some qqqq puts now...higher risk...in at 30 cents... feb puts 44 strike

208
i have another one of those "exit qqqq long NOW and rebuy if merited" setups... NOW... 4417 qqqq

206
gild falling again...

150
if i were long qqqq i would be watching for possible exit soon.... last 4421... if it doesnt hurdle 4429 for 4447/71

147
the daily qqqq stoch climbs to 63 yet little movement up.... bearish

146
vxx could see 28.51 tho... its very volatile

139
i'm entering a 25% swing position in the vxx here... early entry based primarily on support of the trendline touch, but 15min looks good, and 60... but it's EARLY entry... in vxx at 2997 for a swing

136
tempted to pick a small vxx here at trendline support but i will wait... last 2997

132
In the coming hours/ days, qqqq loooks like seeting up a bear HS in 60 min...only paritally formed now. last qqqq 4419

127
tbt still declining,,,,as expected...still want more for swing, no entry yet...last 4862

121
looking for GILD to be held down at 4712/4726 .. if not then re-eval needed... last 4701

119
spx not es

118
ES at some reasonable here at 1090.... watching for reaction

113
possible qqqq bear rising wedge 10 min been broken to downside... failure to hurdle 4437 would confirm it.. or failure to hurdle 4429

106
qqqq following roadmap... 4410 to 4420 to below 4410

1235
GILD downside dialy volume today is much higher than previous 2 days upside vol...bearish... the up bars were on light vol which was another reason why i remained short since last thurs

1233
qqqq trade premise still stands....

1229
im holding my march puts 43 strike....plenty of time even with time decay

1228
i continue to look for entry in VXX for past 4 days...none yet...for swing

1225
qqqq daytrade short still viable for me,,,last 4422

1224
gild 60 min candles have bear topping tails

1212
qqqq intraday roadmap: down to 4410, up to 4421, then break the 4410 lower.. tho again 4447 is still possible too

1205
also the qqqq has a 3x bear diverg in 3min (weaker sig since low timeframe but good for daytrades usually)

1203
why i shorted qqqq just now:  weakening deterioriating 10 min chart, close to HOD, last pierce of HOD was marginal 4 cents, declining macd 10min 15min 60min

1155
daytrade short qqqq 4424 might just be a scalp...will see

1152
no qqqq sell signal yet...

1151
also 10min bear rising wedge forming in qqqq... needs to convert that to upchannel else risk 4429 as HOD

1151
the 3min qqqq now has a triple bearish diverg... qqqq need to move up else they risk that 4429 was HOD

1148
biib is swing not daytrade

1146
shorting BIIB 5543

1134
qqqq continue... no sell signal yet intraday.. last 4424

1121
qqqq 15min simplified view: candle close under 4405 bearish, close over 4426 bullish,

1115
my 15min qqqq says "do nothing" lol... weakening qqqq but another thrust higher is possible

1114
ah there is a poss bull morn star forming in daily tbt but needs 8-16 more hours to confirm

1111
10min qqqq have the doji indecision candle... the qqqq charts are playing textbook right now... they need to push over 4426 or stay over 4409 for bulls.


1102
the TBT has a daily broadening formation in it, which is tricky to trade, so i'm waiting for a more perfect setup there before re-entry,....

1101
there is a bearish haramin 15min qqqq pattern candles, which needs to be cancelled by a close over the HOD in 15min candle,,,

1100
qqqq hit 4411 which is 2 cents over my 4409 intraday support and survived the first test....still intaday bullish but thinking a decline after one more push up

1056
no intraday sell signal on qqqq 10min 15min or 60min yet

1055
the 3min diverg bearish in qqqq is complete  now at the 4426 high but 15min suggests that one more pop up could happen

1053
qqqq dont have a sell signal yet for me here.. over 4409 intraday bullish on qqqq, tho i remain short the qqqq swing

1051
4447 qqqq target from feb..4 when it looked awful at 42.73 .hope it makes it there.. close at 4426

1040
1086 ES res...see what happens here

1033
gild down more to 4636... see if tests 4618 and the reaction there up or down

1024
wow what a nice plunge in the GILD short... nervous GILD could exit here nicely, i remain short

1003
faz is right at its UTL on daily now...testing it...could break lower and form a less steep UTL, or break lower, backtest up

959
qqqq filled the gap, and found support at gap fill... see if 4412 or 4388 breaks first

953
*4688

952
GILD gapped up at 4804 but quickly dropped down  to 4608 ... still short


936
i also later suggested


to sell qqqq at 43.75 and re-buy (day

before they gapped down) ... so

watching to see what happns
 
even tho i am short the qqqq (didn't want to play the contra bounce up)

934
qqqq need to hold 43.85ish in order to make a run for 4447. last 4406

9:11
Back On Feb 4, when qqqq were at 42.73, most analysts were calling for  more downside, I went on record saying that qqqq would make a run for 44.47... right now they made 44.17 pre-market high. (See posting from Feb 4, 2010)

* 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".