Tuesday's ramblings

352
well all day i expected spx 1105... we got it :) well 1104.73

351
but current velocity


suggestts the rally ends thurs
 
350
if charts are STRONG on thurs long ( i dont expect that) then i'd stay long 25% shares and ignore the "report fear"... strong charts can usually take the hit with wide stops

349
xlf is 3 cents from 1463 target today...only hit 1460 thus far

346
sso swings


holding...must be prepared to endure a

trip to 1088 spx lol
 
344
75% of my sso swing will be gone today,,,holding 25%,,, and possibly buy back...the 1105 target achieved for today.. i do NOT like the xlf closing rite at resistance...risk....

342
maybe spx


opens at 1100/1098 open... it wont necessarily

be bearish if that happens
 
 
341
a close at spx 1107 today would be very bullish, but not expecting that,,, is possible tho.

339
a close at spx 1107 today would be very bullish, but not expecting that,,, is possible tho.

338
so we could open tomorrow UNDER todays close, then close green in spx

338
the candles are supposed to overlap for that pattern... not gap... but close enough

337
looking for another green candle tomorrow...but shorter one.. not doji.... poss 3 white soldiers modified candle pattern

334
xlf 1463 TODAY would be good... crack that R today instead of closing at R...is what would be better... last 1457

332
this swing likely only has 1-2 more days life...
 
331
looking for 3685 sso to buy more...for the last push up to 1111/20spx... wont buy for sure at 3685 but looks good now.

330
a candle close 10min OVER 3751 sso would give another buy signal...wow

328
the 10min sso is actually starting to throw BUY signals... not fully formed,,,could easily plunge....but they r forming

327
charts say sso STILL has another push up before 37.00 sso...a bit surprised but thats what they say...

325
now a backtest to 37.00 sso would still be ok for swings... i will continue to hold that 25% for the higher targets,,,,thru any correction to 37.00///3680

323
over 1101 spx would be extremely bullish for next 1 day trades

321
and..... theres the 1105 i've been expecting all day :)

320
still in xlf...survived stop by 6 cents or so

319
but this move up doesnt look like a headfake...could be.... looks real...

316
3812 sso target... last 3743

313
there r 15min bear diverg but they might need more definition...still expecting that higher hi and 1105 spx

305
for now, sso continues to find support on the williams %r on every move down

303
possibl bear HS in 133t sso spx

300
spx target still the 1105....could see today

256
the sso 3min chart needs more work b4 it can accel up....

255
this 15min pattern "should" make another pop up usually...last 3723...tho a drop first is still ok over 37.00ish

250
thus far, for sso SWING<,,  i see no tech damage... its just shifting around here..... painful to watch the declines but FAS tanked yesterday and recovered.... this stuff tends to bounce around

246
sso 3697 is horiz support...want that to holld.....

245
MENTAL STOP SSO 3697.... may sell there and reload later....last 3718


242
15min bear diverg in spx

236
sso is fine... this xlf is really getting on my nerves... i remain long with stop 14.37.... yes 1437 is actually a BUY zone... but i dont want it if it gets there... i'll re-eval if i get stopped out. stop is ABOVE cost so no risk

231
99% chance i will NOT get a swing short setup today.... charts are suggesting sideways to up first.... in coming hours not minutes

228
IF sso goes down much.....this 15min pattern is another one of those down up down hard......it should pop back up in thee sso and i'd short on that move up...t

227
daytrade only short

226
sds buy signal on a candle CLOSE over 3574

224
theres the sds fall from 3570 to 3557 as expected....suggested 4min ago

222
if sds proves it could hit 3582 then maybe i'd buy on pullback

221
unless a big vol push comes here...which it could due to time of day... charts suggest some SIDEWAYS movement for 40mins

219
sds will likely hit 3658 before more up

203
i don't think we will get much over 1105 today, if we get there. last 1102.50

202
the 1105 spx is a likely target and i'd maybe short daytrade there if able

201
sso 37.27 target from yest ...was just hit... could see stall or down here....

158
if spx closes near here 1102... it will have undone 2 days of down red candles with only 2 days of green up candles....thats bullish..usually takes 3 or more green candles

155
theres a ton of R here 1103... so a "short at R" is


a reasonable trade...i'll wait for the

60min to weaken first b4 shorts
 
 
150
large ports... selling


some sso here at 1103 is reasonable
 
149
so i likely will BUY AGAIN LONG when it pulls back.... using the 15min and 60min charts... if it happens tomorrow... for a 1-2 day trade, and then short after ..on thurs... but these are IDEAS NOT PLANS

145
the 60min spx chart... suggests that after any pullback,,, spx will make yet ANOTHER higher high (from wherever it goes to here),,, and then reverse down.. in the coming hours/days

144
this is possibly the most important R test of the move down from 1150.. here at 1103

142
spx about to test 1103...this is impt... should stall...lots of R here... the reaction here should give good clues

141
this sso swing is rockin today

121
RAISING STOP on xlf to 14.37...above cost...for what i have left of it...about 50% of shares ... its a tight stop but i'd rather buy it back and re-eval if stop hit. conserv traders would take the xlf and fas profits here... the fas is a decent return (about $2.03 profit per share)

118
maybe 980/960ish tza idk...

117
i want some tza swing but too early now for it

115
i think i'll wait and buy the dips...the trend is up...might want to add more sso long swing anyways so can have a looser stop... thats just me

114
this decline is the 15min bear diverg working it stuff... there is NO diverg in 60min spx... i still have "swing long" in spx

112
stop on remaing sso at 36.78...above cost

110
out of 75% sso at 3709...took profits small port

109
3707 or 3690 next targets down if 3710 breached sso

108
75% sso...one cent from stopout...small port.... will NOT change it...lock the profits

106
starting to look like poss daytrade short soon... idk if i will take it

103
i think...thurs will be


the day to SHORT...based on my pattern


analysis and curr velocity
 
100
large port.... trigger set to sell some sso at 1103 spx...nothing for small port... small port still has 100% shares...not stopped :D

1259
sso doing well... this xlf being stubborn... stuck at 1456 target from 3 days agoo grrr

1258
3731 next sso trgt

1256
well this morn i said if 1095 held that i would likely be trend day for next 3 hours...thus far it has...

1253
60min charts have unfinished biz on the upside but unsure if spx will see 1090/88 first.... last 1099

1250
either they crowd the 3710 sso or i'll take the profits in small port and reload later if needed...on 75% of shares

1248
SMALL PORT>... will lock in gains....stop mkt 3709....last 3713

1244
if 1105 is breached higher today... a surge up could happn... not saying we get there... but stops should trigger on a breach and sustain

1243
the 3min has a minor bear diverg spx....not actionable yet tho

1241
another scenario:  spx 1105 TODAY would suggest 1100/98 then 1111

1240
SMALL PORT... preparing to poss sell 50 or 100% here if it starts weakenging.....

1239
if the bears hold it here... a move to 1088 is suggested b4 1111..in coming hours days. last spx 1100

1236
the spx is setting up a bear diverg in 15min but not 60

1233
anyone who took


that 3693 scalp is doing nicely now....
 
$625 on 2500


shares 50% or 1300 on all 5k but i'd

hold half
 
1231
this is an example of why setting stops in these ETFS is better done as triggers via the ES or SPX......

1229
yes and also sso "should" be at 3727 now...not 3718... the nature of these 2x etfs grr

1228
CANCELLING 3727 limti!!!!!!!!!!!!

1228
1103 spx target with a stall... last1099.84

1227
xlf 1456 was first targetr...achieved...now 1463

1225
selling a piece of sso


here at 1100 spx...target achieved... sso 37.15
 
1222
spx 1100 target achieved :)

1220
YES. there it is.... break on the first try as i Called b4... lets see if they can take it to 1100/03

214
theres a rectangle pattern measureing to 3731 sso which is right near prior HOD. Limit orders in to sell a piece of sso limit 37.27 large port... small port no order... will eval if./ when there

1207
*oversold

1206
a 60min candle close over 3711 would setup the "buy overbought" method in sso.... BUT this is riskier since the upmove is contra the daily trend.

1203
10min spx does suggest more upside... tricky here ... lunchtime chop / stop runs

1202
bears should be


jumping on this level...havent thus

far...
 
1202
the 15min spx is weakening... bulls need to break here higher

1157
sso testing HOD...lets see if it breaks on first try, as expected

1150
3690 sso hold should give a new hi... crouching tiger is pretty accurate pattern tho not infallible of course

1147
tiger requires a hold of 3690 sso

1144
133t spx pattern measures to 1100 spx

1143
possibly on the first try

1143
should take out the high of day

1142
95% confid in the tiger just hit

1141
sso at 3703 and crouch tiger still not at 97% yet.... suggests a nice move up IF it triggers .. i expected a trigger at 3691

1141
spx is trying to break its bull flag 3min here...hasnt yet

1138
5000 shares scalp woulve made $350 in 2 minutes... of course... i'd hold a piece of that and trail the stop

1135
sso hit 3692...the 3693 scalp would have filled....

1134
look at those 15min boll bands...

1132
crouching tiger bullish suggests buy sso 3693 stop 3678... i'm not entering though...just fyi

1131
that hold of 1095...its significant...its only micro support yet it held..thus far

1128
if spx makes a higher hi that would set up a bear diverg in the 3min for daytrade short,,, but would NOT jeopardize the 1111 target in coming hours/day.... at least not yet

1125
tiger suggests 1102 but maybe on ly get 1100a

1125
97% bull crouching tiger IF 3685 holds in sso... 86% without hold condition

1123
crouching tiger still only 83%crouching tiger still only 83%

1122
the 1095 continues to hold.... rather good strength on this minor micro support

1116
xlf hit exactly 1456 target from 10:22 AM.  :)  my sell order from 10:22AM post was filled at 1456 and 1455. that also triggered a FAS partial sell at whatever the price was there. large port only. 

1022
3min bull falg spx

1111
3min bull flag spx

1110
bull crouching tiger still only 82% here....

1106
if 1095 holds here,,,we likely see a trend day for next 3 hours

1102
in the coming days, the bears absolutely must prevent an inv HS bullish daily formation in spx.... they need to pus at least to1080, then 1085, the break the 1070 for 1030 in coming days /weeks. a bounce and sideways motion at 1087ish could jeopardize the downmove. but this is all for later.... still more up suggested next 1-2 days

1101
spx 1102 would be its target if triggered

1057
a SECOND daytrade crouching tiger is forming today here...but only 82% confid now...more chop suggested

1056
if 1095 holds... should easily see new highs...but a 1095 hold would be tough....last 1096.50

1051
but there is not yet a bear diverg even on the lowly 3min chart

1049
suggestion: if daytrade short, and red underwater, , watch the spx reaction at 1095 ...hold or break...last 1097... we should see 1095

1047
also its poss that 3680 will just hold and give a trend day

1046
scalpers could selll here 3701 and try to buy back sso at 3775/50ish for next move up.... i'm just keeping what i have...too much work to scalp today...LOL...did that yest

1043
a move back to spx 1092 would not jeopardize the 1111 target....last 1097

1040
spx charts suggest 1111 in coming hours and days... last 1097

1037
the sso broke out of the upper boll band 15min and 60 min. closed over the 15min but not yet a close over 60min. close over 60min wouldd be a buy signal ... short sighnal on a close below it... but other indicators


dont suggest short even on close below

it,,,,yet



1035
sso small port target is 3807

1034
SPX stall at 1100, with a decline, then up, expected....last 1098

1033
sso next trgt 3727...limit 3727 sell there lg port,,,no sales yet in small port... trying to hold small as long as poss

1032
SPX tested the 1096 and broke higher....posted 10:03

1029
selling small piece of FAS in lg port for 2% here... up $1.50ish

1027
selling sso here 3690 a piece... 3694 lim


cancelled...close enuf
 
small port no sale



1026
if it blasts thru 1096 without a stall...very bullish

1025
1096 spx should stall...turn down, then up, i think

1022
limit sell xlf 14.56 large port... just a piece... 14.80ish real target

1021
limit sell 3694 a piece of sso large port, no sale small port. last 3681

1020
3671 stall and decline sso expected and ok... of course sold a lil sso there in large port... i always sell some at the R to lock profits

1017
2 points from the 1096 test suggeste at 10:03 AM

1015
next sso target 36.94. last 3657

1011
sso broke over its DTL resistance, and backtested it, backtest held, other indicators suggest a 60min move up to me... the first hurdle of resistance this is normal

1003
expecting spx 1096 test today, last 1089

1000
selling a piece of FAS 73.06 for $1 profit

958
xlf pushing higher....broke yesterdays high but only but one cent...last 1447

946
thus i've taken som sso

945
spx is hitting up against its DTL resist, but i expect a break out of this down channel.

940
sso stall at 3673 is expected and ok....

940
sso filled...25% at 36.62

938
i'm holding sso for now and will add if limit filled....limit order not fille

937
sso 36.56 buy limit if filled

935
see if spx can hold around here r not....last 1089

924
SWINGS: if the open is weak, i might take profits in the FAS SSO XLF... i do not plan on doing so since i think there's still more up, but if its weak i will exit... conservative traders can take profits at the market, right at open, but i'm waiting

921
but the spx is right near its DTL resist, so it must hurdle that. it's all about resistance for today's first 2 hours.

920am
i see 1103 / 1114 before 1030 imho... up the next until thurs or until the target is met

* 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".