wedn ramblings (and Tues eve ES futures)

402
these spx charts did have some damage inflicted on them today... tho spx is still above 1059... if spx can just churn and consolodate above 1059 then the higher targets can be hit.... so still mildly short-term bullish for some more upside (but mid term bearish)

352
stop 2994 brcm or ride it up into the close, whichever comes first

350
brcm 7.8% profit is enough profit on a non-3x instrument ... will re-load if able... the 60min is getting tired as well as 15min starting to crakc

349
i'm going to take profits on all but 25% of brcm today.... it looks like it wants to go down to maybe 2963ish

346
the spg entry is similar to the brcm entry at 2790... and rimm early... so wider stops.... but greater return

341
this looks like a backtest to broken dtl on spg here

326
to me, sso needs to make a high over 3580 to around 3630ish in the coming hours/days... or it is in jeopardy of breaking down... last 3517

314
tbt might want to go back to test 4773 area so maybe i will sell some of the multiweek tbt and then buy back lower.... but not selling any yet here

313
sso needs to hold 35.00ish else the 15min chart is broken, 60min is ok... below 35ish it might go down to 3460ish and wreck the bullish setup on the 6

308
spg is a bit of an early entry, but nice divergences,,, trading it swing. yes it is in a downtrend daily, even in 60 min, but the charts suggest to me that it wants to re-test its R. then, if it is converting to uptrend i will hold, else take the profits at R.

303
the 15min sso was getting weaker which is why i left at 3527...took profits there... stop on remaining 25% near breakeven at 34.88 / 3497

259
the 15min sso was getting weaker which is why i left at 3527...took profits there... just stopped out of rest breakeven

254
trying long spg at 70.54... swing pos

142
tbt 51 and 60ish targets... last 4862, cost 47.00

140
took profits in most sso just now too... will re-evaluate re-entry in sso rimm

137
rim 6717 stop...can always buy back

134
3527 sso stop to lock profits ..last 3533

131
rim 6760 trgt with stall at R if achieved. last 6738

130
sso hit 3546 one cent from 3547 trgt... not selling more yet

128
to take profits.... limit sell 50% sso


3577... can always reload
 

126
sso approaching 3547/60 target

125
TNA longs that didnt exit yest for breakeven have another chance now.. that one i entered a lil to high...

124
rimmm headed to test HOD....

119
the 10:40 AM roadmap still valid, right on schedule...actually a lil ahead of schedule

116
a big sale there at 3530 sso... very large... in ES too... tough R there

113
NERVOUS SSO WOULD SELL NOW INTO STRENGTH TO TAKE PROFITS.......i'm not selling more...already sold some up here.. sso 3530

110
1077 1083 targets to start in spx... maybe 1103/15 but 1083 my real target for now

110
SPX broke over the 60min DTL, pulled back, backtested, held, and is now on the rise

109
charts strongly suggested for last 4 days... unfinished biz on upside in the spx... i see higher still from here

108
the spx remains over the weakest MA... 3min 5MA...very bullish while over that... lower is ok as well

105
rimm rigth at DTL R now... then horizon R if cleared...then DTL 2 R (up higher_)

103
depending on how DTL is drawy (exclude wicks).... rimm at the DTL r now... 6700--6715ish

102
the spx remains bullish, not pullin back much on the first 1070 test with a pierce marginal to 1071

101
rimm will hit the DTL around there... est target not exact...eyeball only

100
rimm 6715ish est target should get some R...it needs to clear it.. last 6888

1258
looking to sell some sso at 3547 area... will not use limit order yet... in case it pops thru it to 3570 instead

1255
a 60min candle close over 1071 would be bullish...got the 10min candle close we were looking for since this morn....

1253
that gap on spx 3min to 1068...bullish if held....intraday gap ups are much less frequent than overnite ones (at mkt open)

1248
tbt  but 3 cents from HOD...need to take some off,,,maybe buy back

1247
selling a small piece of tbt for 2% profit

1245
brcm...strong... sold some earlier at 30ish... large ports have another chance here now to take partial profits at 30ish form 2790... i'm not selling more here since i sold some near the open

1242
rimm should stall at 6716... next target in the rimm... last 6685

1239
3547...next sso limit sell for partial profits (large port)... we should stall there if achiever=d

1238
sso over 3505 is very bullish,, lower allowed without breaking the pattern

1235
nervous sso longs could take profits up here...ive taken some,,, holding most... whenever a target it hit, i alwyas take some... took some profits at spx 1071 target (sso 35.29--35.31)

1230
and there is



the1071 spx... RIGHT ON TIME
 
1229
YES> .... the 1040 am roadmap is working,,, yes ;)... following the script

1225
SPX JUST GAPPED UP ON THE 3 MIN.... confirms the buy program... mel typed faster :D

1224
ok sso hit 3509...needs to close the candle

1219
sso 133t,, 2min inv bull hs if holds 34.85ish.. 3520 ish target (eyeball est, not exact)


1214
88% confid bull crouch tiger IF sso stays over 3480... without the 3480 condition confid 81% (still low 81% suggests poss chop with upward bias resolutin... last 3497

1212
equiv 10min candle close over 1067 spx

1222
rimm waking up again.... a 10min candle close around here 6674ish would be good bullish1211
sso stretching for that candle close over 3505ish on 10min....that will be bullish if achieverd

1204
THAT loooked like headfake down... sso 3484 last

1200
volume increasing...could get interesting if it continues more vol.... even tho its lunchtime, vol higher here

1151
my 133t, 1 2


3 min charts dont suggest sell here...

suggests chop with upside bias... sso 3492 last
 
1146
a 10min candle close over 3505 would suggest higher sso... last 3490... it hit R and backed down

1117
i see some minor damage to the 60min tech charts, but still in sso for now... if it holds around here and consolodates then i'd expect another move up (bullish scen presented at 10:40 AM),,, else the spx moves lower if not holding / consolodating near 1061/64

1114
rimm: i'm also watching the 60min chart for a poss bearish desc triangle... if that continues forming then i'll step aside. but for now, other indicators suggest more UP in RIMM so i remain long

1037
poss spx roadmap: if 1057 holds, then 1071 within 2.5 hours (probably in 1.5 hours and then consolod), 1077 in 4 hours, 1083 in 8 hours. of course if 1057 breaks then its bearsih.

1034
comp 2128 support...see if that holds for bounce up or breaks lower... last 2131

1024
rimm trade premise still valid...held the support area... looking for a break over HOD

1023
but for now the 1060 is holding

1023
1057 break could cause fireworks and a quick move to 1044

1019
the spx and sso is setting up a positive divergence (not to be confused with a bullish diverg) in the 15min .. pos diverg occurs when prices make a HIGHER LOW but the rsi/macd make a LOWER LOW... diff than bullish diverg ... the pos diverg often signals a very powerful move but this one in 15min not 60 or daily so wearke..... sso 3461 last

1016
6647 hold in rimm would also be ok...but prefer higher hold lol

1015
rimm is at the area i'm wanting it to hold now... 6774ish.. a hold here should give a new HOD....but needs hold

1013
 the dollar R corresponds to backtest of spx DTL

1011
sso backtest of one of its DTL here...could find support 3467

1009
if bears break 1057 spx that should cause some downside momen... 1063 last

1006
rimm did a perfect touch of its 60min DTL at todays high and backed offf... loooking for it to re-challenge the high/dtl and break higfher

1001
rimm down to 6670 would be ok ...pref hold there if it does...last 6720

957
rimm is going after a test of yest hi....see how far it pulls back from that///

955
rim cleared the 6699 but it must have a 15min candle close over it

951
if for some reason rimmm does not stall there it would be very bullish

951
6699 rimm stall expected....made it over th 6676,,, last 6680

948
spx 1075 1079 targets on the 1066 hold

946
1066 spx has held... expecting a break over 1072 as long as it holds 1066ish

944
a rimm close 15min chart over 66.76 is needed

940
if 1066 spx holds then i'd expected a higher HOD today... last 1069,, else lower prices ahead

939
qqqq need 4347 last 4329

936
spx 1073===>1077...last 1072

935
rimm 6670 stall is expected

933
6577 to 6657 in rimmm rangel already

932
rimm is bouncing all around this morn, as is typical of this stock

832
There is a qqqq wick at 42.67 and another at 44.72 (from last week though).  If that wick target 42.67 is reached, and qqqq holds there, it could stillpivot up to upside targets. Failure to hold 42.60 would point to further declines and inflict damage to the qqqq.

828
ES: If ES can hold 1062 (pref 1065), and break over 1072, then next target is 1082 with a stall at 1077. Else downside target of 1058, 1053, 1041

8:25
QQQQ
if qqqq can hold over 42.74/42.60 then targets are 43.47, 43.64, 43.81, 43.96, 44.47, 45.30. There is a chart pattern measuring to a 44.28 target as well. There is a lot of Resistance at 44.00. If it makes 44.00 then likely will pull back to 43.50 before breaking 44.00,  unless the 44.00 test comes on high volume (usually the first/last 90 minutes of trading)

* 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".