tuesday ramblings (and Mon nite futures)

405
i still see more down in qqqq... no tech damage done

356
etfguy ur inv HS still valid, barely. could be a bear flag that is just starting to break down too tho

336
the qqqq charts continue to suggest more downside in the coming hours days

328
MF and acc/dist continue to not be bearish thoa

327
the daily DMI suggests some possible chop first, a bear cross is forming but the ADX line is not in the right place....could chop

326
if that adx moves over 30 with the DI neg still the trend, it will push the qs to new lows in coming hours days

325
the DMI directional on the 60min qqqq is very bearish.. the adx bottomed and is rising, and the DI neg is identified as the trend.....

318
tbt 2 scenarios... chop around in a rectangle near 48.00 then pivot back up, OR drop to 47.... i remain on the sidelines in the tbt.... i think it will chop around near the 48.00 but not clear enough for me to buy it

314
that up down up pattern in the qqqq i mentioned b4 is still valid.... expecting lower qs

310
82 % confid crouching tiger bull in the TYP now

309
adding some typ here at 979... lookin to add more lower if able... already have existing typ...this is additional

259
wow glad to be out of that tbt for now...last 4837,, near support but i'm not not buying on this chart

249
csco looks in trouble.... good for shorts

248
qqqq need to get over that .21.... was rejected just now with a nasty 2min gravestone doji... course it could hurdle higher since 2min signals r wea

242
q back near that .21 .....4418 last... see if .21 or .30ish hold

236
lowering typ stop a lil ...give some room...small risk

234
i still see a lower lo in qqq today

233
typ daytradde stop moved to breakeven now for a free ride up

232
qqqq should bounce arond 4407 else they r weak

228
in the TYP 983 with tite stop,,978 stop, risk a small amt, for large potential reward

227
trading in my spxu for typ daytrade...like the typ more... took minor profit in the spxu

224
ah watching for the qqqq to now form a 3min bear HS.... half done

222
the qqqq came 2 cents from the first R mentioned b4 and backed down... still thinking down after the move up

219
i might buy more typ today, unsure, not yet

212
i'm not surprised at the move up,,,expected this... still think lower low

211
see if q can get over that old .21ish .30ish mini R from this morn

205
qqqq have that up a lil, down hardder, bounce up pattern now

157
vix climming...last 2181 from 2160

154
if qqqq manages to close with a candle like this, prob will gap up tomorrow (well open above todays close not really gap) and then make a lower low

if qqqq can get a bigger red candle, then different opening for tomorrow....

152
qqqqq vol picking up some here

150
wow the CSCO 15min stoch moves up with no upward price movement... if it hits 80 then turns down csco could fall hard

148
LOL glad to be out of that TSN...what a DUD that was...no gain no loss,,,, asleep

146
VIX>.......breaking out as expected

135
watching for a crouching tiger bullish setup... forming but incomplete now, for VIX

128
csco looks like its moving up but it has unfinished biz on the downside in coming hours days i thikn

121
3 cents from stopout on orcl....

119
there are 3 min bull HS forming though,,,,why i tightened up stop on the orcl

119
NOw the qqqq have Resist 4417 b4 the 4430 (estimated R)

115
the VIX... sorry to sound like a broken record...but its suggesting another breakout today for lower spx

112
spx might not see over 1098 b4 1087

110
shorter term swing traders could take some csco profits here at 1.8%

107
csco i will hold swing

106
there are better ops me thinks than orcale.. so i'll take the gift on the move down today on orcl

105
ok i'll take profits / exit the orcl at stop 24.48 very tite last 2442.. better stop would be 2453 but i'll keep the 2448 for now

103
i might exit this orcl today... its bearish but i dont like the MF and volume on it for a short

1254
2250ish target on


VIX today on break over 2165
 
1252
intraday its all


about vix...its at daily R

now...breakout and spx will hit the targets lower
 
1247
watching for VIX to break HOD>..looks like it will...testing now

1245
vix close to that new HOD i suggested 20mins ago

1243
the spxu is likely a daytrade (rare for me these days) ,,, in from 3701

1235
4273 is midterm target for my qqqq short, typ long

1231
taking 210% profits on a piece of the qqqq calls i wrote here.... again saving 25% for call to expire worthless and keep whole premium

1227
7 cents from qqqq target :D

1225
see if it stalls or blows past the 4387...should stall

1222
a momentum trade on a break and 5min close under 1093 spx could work with a 2-5 point stop if it gets there .. i might try that, not sure

1221
if spx breaks 1093 we could see fireworks and a 10 point drop... last 1095.49

1219
i'm not sure tbt will be ready for re-entry in the next week....this wrecked my chart.... expected one more pop up b4 this red candle, didnt get

1206
might see that 4387ish qqqq target hit today

1205
qqqq made a margninal new low of day...watching to see reaction here

1203
a csco close today under 2406 would confirm the eve star that i suggested yest might form today

1149
thus far qqqq cannot even get over the minor R mentioned b4....

1148
'orcl headed for 2444 test...if that breaks should see a drop to 2430

1146
csco 15min bear flag... very bearish under 2410, last 2398

1144
tbt is headed to retest its low... why i exited and took the loss b4 that happened

1139
nervous ORCL shorts could exit here breakeven, i'm staying short (I entered a bit early, and did not add to position or avg down the cost) .. instead i shorted CSCO and added that

1128
my scanner is running now for "re-enter or add to shorts"... cannot find a single stock that meets my criteria

1116
taking some more profits on the qqqq calls (sold short, wrote)... 82% profit ....

1109
TBT i am raising stop to 48.97 and will take 1.5% loss if hit. i can always re-entr later. tight sstop. last 4802

1107
qqqq have unfinished biz on the downside as i see it. so does csco. csco last 2396  qqqq last 4422

1104
the tbt is my "semi-long" hedge... not tech long but often moves with mkt... tho i see higher tbt in 2010 and lower spx apart from the squiggles

1043
closing TSN for breakeven... its not moving, so im out.... just another thing i don't have to watch monitor now

1036
prices continue to act as expected thus far in qqqq spx (green profit)... tbt was an early re-entry yesterday (red loss), will need to manage that one

1012
only problem with WRITING calls is your gain is limited to 100% (double)

1011
taking 46% profit on some of that qqqq calls i wrote here

1003
my swing first target short down qqqq is 4387 last 4451

1001
qqqq didnt even


make the 4486 target up at least not

yet...very bearish
 
953
watching qqqq reactino at 4487 ... if it does NOT stall there and breaks up it would be bullish else bearish, to me

941
csco setting up for bearish 3 day eve star reversal

936
a 15 or 60min close under 4447 for qqqq would be bearish intraday. last 4466

9:18
I remain bearish the qqqq.

simplified view qqqq: rsi 60min close over 62 bullish, close under 50 bearish, remains bearish while under 62 since slope is down. of course, this is a simplified view, more accurate forecasts come by combining other indicators along with price and chart pictures patterns

* 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".