Monday ramblings

428
the adx daily for fxp is nice...bottoming adx plus a near bull cross dx+ and dx-

352
until qqqq get over 4753, the 60min qqqq trend is down. broke its 60min utl, lower hi thus far

339
vix is putting in a higher hi and higher low. so far, in daily

334
bac sell programs small continue despite the move from 1675-1685

332
qqqq tagged the 4722 target exactly and stalled, watching if 4722 R holds

327
qqqq close to that 4722 test here

321
small sell prg BAC...1678

258
mild selling here at bac 1675, entry point short

247
watching 4722 Q resist..tho i covered shorts before this surge....

233
am both daytrading and swing trading the BAC

211
bac moving much nicer than qqqq hence the swap

208
trading the qqqq shorts for more BAC shorts,,, still have the qqqq short via options from few days ago

206
adding some BAC shorts here 1675

149
stops set to guaranteee at least 3.5% profit on FAZ swing from friday

144
xlf 1548 stop to lock profits from 1573 on 75% of shares...can always re-enter. last 1546

1250
agressive could short here.... qqqq 4701

1230
some vol picking up in qqqq...watching for direction

1222
the 4737 qqqq spike was real,,, 500,000 shares sold green 4737

1208
vix continues to suggest breakout,,,new high in vix expected in 14 minutes.. last 1873

1206
if qqqq lose 4693, they will likely lose the 4690 LOD... i see the 4693 as more impt actually than the 4690, for now....


1202
heres the 4693....watching to see if holds...

1158
looking for qqq to make one more lower low today, then bounce, if able, if can stay under the 4707....

1152
qqqq 4693 is # to watch micro here now...last 4695

1149
MM stepped aside momentarily...prob testing mkt to see which way it wants to go... to reshort it goes higher, or sell if goes lower.... qqqq last 4699

1142
qqqq have pretty strong support at 4596ish if they get there...daily MA support, channel line support, etc.. would expect stall bounce there if it got there in coming hours days.. that's my "real" first swing target, if able, for the qqqq shorts

1137
xlf tagged 1537 and stalled, a penny under the 1538 target..... last 1538...still looking for lwoer xlf

1136
3min bull diverg on qqqq say lil pop possible but no 15min diverg,,, so just keeping stop 4707 for now

1125
19.33 target in VIX,,,last 1876

1124
VIX is right at R but continues to suggest breakout higher

1123
stop set 4707 qqqq to cover most qqqq shorts in case of pop up here suddenly,,,, should stay under 4703ish.. last 4696... trying to manually trail it down

1120
charts suggest a breakout in vix,,,down for qqqq spx

1118
VIX is about to test HOD...impt test...watching to see if HOD holds R or if breakout higher over it....

1117
still red the last qqqq options i didnt take profits on.... 2.05 vs 1.50,,, as qqqq go down, the bleeding should stop... took 47% profits in other 75%

1116
small sell prg in the qqqq continues....letting it down gently suggests MM selling shorting here

1114
1538 XLF trgt...1542 last

1112
4683 qqqq target down after 4702

1111
taking some TYP profits here for 2% daytrade profit... still have 50% of shares

1110
qqqq just hit the 4702 trgt at 4700... not covering shorts yet...watching to see reactino here

1108
:) the parabolic ananlysis last night suggested this pullback.... the parabol works well in this type of setup... so let's see...

1107
VIX is NOT near its HOD yet qqqq near its LOD,,,, trouble for QQQQ when VIX tries to retest its high

1105
VIX suggests a 10 cent drop in the qqqq for the 4702/4697ish trgt

1058
small selling suggests letting it down gently to 4702ish

1057
:) qqqq breaking lower....small sell prgrm.... 4712

1050
looking for qqqq 4712 to break lower but took some profits here cuz at intraday support

1049
taking some typ scalp profits 839 from 830, for 1% in 90 minutes

1047
small qqqq sell prgm... 4719

1045
i remain short the xlf from 1573 and 1565 (faz too long)

1042
xlf in a 3min coil that could convert to asc triangle....

1041
for those who follow wicks, BAC had a 2.97 wick from 16.89 LOL,, clearly that one is a data error (tho i'd welcome since short BAC)

1034
if 4712 qqqq breaks then 4702 target,,,might take a scalp profit there...

1028
qqqq broke under the lower boll band line, the bb channel was flat not wide, suggesting further downside for qqqq

1024
qqqq are now back inside the daily upchannel, right at the R line,,, 4725 last

1019
qqqq bounced near


4712 as expected,,, still the

4712--4722 mini range for now, bias

is down to break 4712 later
 
1012
4721 held as expected, not the 4711 will prob hold for a lil here.. last 4717...

1009
daily OBV for QQQQ just hit the up channel Resis line, watching if it holds for downturn. ADX ADMI a bear cross in 60min., the 60min OBV broke prior low and under it now, slight backtest.. ADX suggests a decent move down could come due to the bear cross and declining adx....then when adx turns higher it will strengthen the bear cross

1006
for now, charts


suggest 4722 will hold
 
1005
watching the 4722 QQQQ mini R...last 4720

9:47
shorting QQQQ 4727,,,long TYP 8.30, stop 47.80 for now, will lower later

* 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".