Monday, March 1, 2010

Monday ramblings / ES Futures Monday pre-market

348
MM selling but keeping the stocks up with a bid

348
MM are selling....qqq 4540

341
selling could escalate

335
sellling now... 4539 qqqq

329
selling stopped... 4542 qqqqq

327
MM starting to lower the ask,,,sell mild

318
start of selling....
more buying,,,,

216
MM continue to bid up, for now,,, if they stop, price will drop... but holding it up for now

312
vix hit 1954, or 2 cents over 1952 trgt but did not close over it...needs to close over it in 15min...

309
MM trying to hold up here ...on the bid

302
mild buying now...

258
 i see it as "we overshot spx R by 3.5 points... "... unless they can sustain up here then i'd be bullish

253
vix almost at the target of 15min close over 19.52% from 2:07 PM

251
VIX continues to behave, moving up... last 1946

236 PM
VIX chart below. expecting higher vix to hit its target....



228
i think spx will close under 1112 today, last 1115

223
more selling

220
mild selling into the upsurge....interesting --bearish qqqq

216
bull asc triangle in vix.. still favor higher vix, lower qqqq spx in coming hours days

207
vix target 19.82 .... vix close 15min close over 19.52% would be bullish for vix .. last 19.43%

203
dollar moved down but close to support now... lets see if it bounces up the dollar... qqqq at 4542

153
 charts suggest shoot star likely or close below high of day

152
qqqq could see a shooting star today... be interesting to see if large green body or shoot star

148
VIX has upward sloping RSI support line 15min and bull diverg... suggests higher vix lower spx in coming days... qqqq last 4543

123
poss min VIX 60min dbl bottom bullish vix bearish spx

105
4516 target if 4530/ 4528 broken

103
looking for 15min candle close in qqqq under 4530 to seal the HOD and a decline down... same q target as 12:38 PM

102
i have an "exit long" daytrade early aggressive signal setup , now, in q's... 4536

101
bull warning right now...

101
more selling...

100
minor selling again...MM r testing....

1259
i remain short the qqqq 3x daytrade

1251
minor selling MM here ... qqqq 4539

1238
if qqqq get a 15min close below 4530 then the HOD is likely in

1230
paas broke higher out of bear rising wedge, and is now backtesting, watching to see if it holds or breaks lower now... i remain short PAAS silver

1217
on the qqqq dailyand 60 min, on-balance-volume is finally starting to become bearish. this was one indicator that has remained bullish while others were bearish....

1205
volume on typ is too low so will directly short qqqq at 3x shares to mimic typ

1204
re-entering typ at 917,,, qqqq4539
 
1155
hard to tell, but the HOD in qqqq might be in at 4542 tho it is up at 4537 right now

1046
out of csco ..2 cent loss

1045
VIX has 2 bull hammers in 60 min

1043
csco stop 2452...risk 2 cents ... might want 2460 or higher before decline

1035
china bear fxp just popped up on high volume... last 8.66

1034
here comes a VIX test... 3rd time testing high should break it higher, if not, spx could surge.. last vix 1981

1033..
qqqq posss 3min bear HS....not even half baked tho, also a bull flag now

1002
qqqq making new intraday highs....

1000
vix bull warning...the vix is strong here now rising .. the vix just did an intraday gap up on 3 min... bullish for vix, bearish spx

958
the vix continues to rise...warning for bulls.... 1976 now... if it hit 2003... should brekaout if SUSTAINS over 2003

956
BOLL band gap up theory does support fading the gap (short)... so many mixed signals... still favor short for now

953
conversely the gap was not even attempted to be filled within 20min which usually suggests higher daily hi.. but at this R level, the upside could be limited... if it breaks R then it could surge...my daily bias still bearish for 1-3 day holding period swing, for now

951
VIX is holding steady here.... 1955 to 1965///

947
could be up,,,or breakout,,, but right now the marketmakers are HEAVILY selling into this (fading), suggesting lower prices later in the day

944
MM selling here and holding up bid, for now

939
spx approcahing 1112 test....see if holds down or breaks higher

938
if vix can hold over 1950 it would be bull vix, bear spx qqqq ..last 1963

937
note that VIX ALSO GAPPED U TODAY (bearish)... so could get interesting

934
watching the 5 min bars.... on qqqqq

921
qqqq bollinger band R= 4480, 4510, 4539.... supp 4467,, 4390, 4229 (in 15, 60 daily timeframes)

918
qqqq daily 63% fib retracement is 44.91, close to the 45.05. Prices under 4505 argue strongly that the trend daily is still down, over 4505 and over the 45.67 (78%) would suggest an uptrend daily is forming.

905
the ES 1113 area of R must hold, or prices will likely pop up higher.

901 AM
ES 60min rsi continues to remain under 67, which suggests that the move up is actually only a correction of the move down,, and downward prices should be here in the coming days. Also the daily RSI is uder 67 now at 57, if it stays under 60 it would be bearish, if it can break 62 then 66 test is likely. A move over the 67 area is a warning that the an uptrend could begin, testing the 1150 highs or making new highs.

* 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".

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