Friday ramblings / Thurs eve futures

347
took rest of profits




on daytrade BAC shorts from 1817
 
 
346
BAC testing its LOD now..trying to hold it up,, likely will break

344
vix is near this 1800 here... would be better if it stays over it

341
BAC breaking lower....

324
yes. bac continues pressing down, slowly...

314
bear desc triangle BAC 15min still valid...

311
holding rest for lower prices...not stopped out yet on 1787....

310
1787 stop on 25% of remaining BAC shorts to lock profits (basis 1817)

305
well 1790 finally broke BAC...see if they can take it under the LOD

251
this 1790 BAC suppport is being stubborn,,, waiting for it to break... buyers there last 2 hours, for now....still think lower

247
qqqq targets still 4754 and 4727

229
dbl top and bear desc triangle poss in BAC 15min

222
1803ish is BAC mental stop,,, hard stop set 1808 just in case of sudden surge...may exit if 1803 breaks sustains

214
vix over 1803 seems ok to me...last 1849

208
charts suggest down in BAC but these buy programs are bothering me short, making me cautious....

206
intraday charts do not have bull diverg so should see more down, BUT   sometimes a move up comes without a diverg but rather a confirmed higher low on both price macd rsi

203
moving stop lower to 1809 BAC,,, can always re-short,,,to guarantee at least a lil more profit in an upsurge

159
this could get tricky here,,, preparing to maybe take profits on BAC daytrade shorts remaing,,, stops still set breakeven 1817ish ... partial profits already taken earlier...

156
now a buy program BAC

155
small sell programs bac here at 1792

152
charts suggest BAC takes a trip back to test LOD and break lower,,, last 1792,,,,LOD 1775

109
chart suggests 80% possible break in vix on first try here

109
VIX testing yesterdays HOD 1856ish... seee if pullback first...in vix

108
qqqq should stalll 4757 same trgt as b4

106
my software suggests BAC being sold at 18.00 heavily, so might break yesterdays low of 1770 on first try...watching

105
BAC breaking the very impt 1788 here...last 1787,,, trgt 1770 then 1744

1259
12:36 PM target vix trgt of 1826--- it just hit dead on ecxactly at 1826 and stalled as expected.... watching for pullback then break higher


1255
preparing to buy tza on a pullback for swing, probably, last 714.. but want to see it breakout higher before buying it.... not yet in the tza...


1254
charts suggest bac will break todays low of day

1251
BAC short 1800 could work here...yes even down here

1250
the SPX 60min chart is putting in a bearish "methods" candle pattern... long 5-6 candles in that pattern not 1,2 3 candles

1247
vix trgt still 1826 last 1795,,, expecting a stall before yest hi, pullback ,,, then test yest hi 1854

1246
qqqqq weak for now,,,should have bounced to 4807ish,,,,havent...last 4798....watching for bounce or not

1243
qqqq target 4757 with a close 4780ish

1241
looking for bac to hold under 1811....last 1803

1237
thus far bull have held it,,,charts suggest a break back lower

1237
BAC needs to close on a 60 min under the prior gap support at 1788...it has no business being over 1788 for bears

1236
vix trgt 1826 last 1795... this is why i wasnt worried about vix earlier today,,,,was "high enough"

1235
charts suggest a bust lower here vs HS bounce up qqqqqq

1234
qqqq poss bear HS setting up could get a bounce to 4825,,,,but might also just bust lower

1233
daytrade stops and scalp stops all set to breakeven or small profit, for a free ride down in BAC

1231
718...somewhere around there,,,depending on price action

1231
if tza hits 716 i will buy on pullback the tza for swing

1228
target 1787 BAC to start... last 1804

1227
fully loaded in BAC daytrades and scalps,,, 18.17 avg daytrade, 1816 scalp, 50% scalp gone for profit

1226
trading idea....BAC 1815 limit short could work here if filled,,,last 1807,,, i wont take since already in

1221
8 minutes later, BAC falls as expected, so took some profits

1221
covering half of scalp for $500 profit in 10 min

1220
qqqq falling....to test support...

1215
scalp 10k shares BAC at 1816 could work here

1213
charts suggest lower BAC in coming minutes,,,, last 1816,,,maybe just to 1810 1806 to start

1159
BAC at support now 1811....watching to see if holds or breaks lower

1158
still loooking for that tza swing entry..none yet

1145
exiting half of BAC daytrade for one cent profit here,,, to reduce # shares and risk, not for profit taking,,, the avg cost accomplished its purpose.  holding 50% still and will maybe re-short again. shorted 1812 and 1821 w avg 1817,,,, covering at 1816 that half,,, lower expected

1130
the 1819 was an R area yest, so adding some here

1129
adding some shorts here daytrade bac 1821... short #2 of poss 4 in BAC... will short at yest high if it gets there too

1057
qqqq poss dbl top intraday... 3min charts,,, 10am and 1030ish

1035
1813ish holding for now in bAC

1030
1813ish should hold esle retest HOD proba

1029
bac back to 1812,,,,watching this 1813ish area here....

1023
BAC daytrade filled just in time,,, 1806 last

1020
might get stopped out a few times on BAC short here, its daytrade, stop-out, re-enter might happen,,, stop mentally above HOD now but might cover earlier

1018
filled on the 1812 short BAC

1018
shorting bac daytrade 1812 limit if filled...last 1811

1000
BAC finan should turn lower here at R....1812 last...watching

953
a vix backtest down to 1740 would still not damage the bullish vix, for swings in coming days..last 1806

936 AM
Looking to enter a new TZA swing if setup comes, no setup yet....

936 AM
looking for 1805/ 1811 / 1819 BAC resist to hold, pref the 1805ishy... last 1798


* 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".