volume in BAC is MUCH lower today
Took profits in FAZ daytrade today at 1.35% profit
0137
out of FAAS hedge 9691 breakeven,,back in FAZ 1345 (FAS was 5 cent profit but just call it breakeven)
1021
I chose FAZ and FAS as trading instruments today partly because they are liquid, trading in high volume. this is essential in daytrading or scalps in order to avoid slippage. Below are stats for recent volume in some etfs... the last column shows DOLLARS not shares,,, that is, what etfs are getting most volume dollarwise (adjusts for fact that 100k shares at $5 is actually less than 99k sharea at $10)
columns are not lined up, but they are labeled. ignore first column.
# Symbol Volume Last Vol* Last
5 SPY 205,808,499 117.3 24,141,336,933
1 QQQQ 78,009,186 48.13 3,754,582,122
14 FAS 35,653,819 98.1 3,497,639,644
13 FAZ 95,147,742 13.31 1,266,416,446
8 SDS 34,056,746 30.88 1,051,672,316
7 SSO 14,342,166 42.2 605,239,405
3 QLD 6,382,928 65.11 415,592,442
12 TNA 7,374,698 55.05 405,977,125
4 QID 17,027,295 16.79 285,888,283
10 UPRO 1,304,134 173.45 226,202,042
11 TZA 28,787,953 7.09 204,106,587
9 SPXU 5,777,086 29.85 172,446,017
6 SH 1,648,759 49.65 81,860,884
16 TYH 470,680 156.67 73,741,436
15 TYP 743,451 7.86 5,843,525
2 PSQ 100,007 41.21 4,121,288
0116
large port still has FAZ and FAS both,,small port FAS only
0110
FAS scalp in at 9686 tite stop, fewer shares since contratrend... still waiting to buy back faz but in fas for now,,, less fas than faz
0103
i might buy it back at a higher price if justified, but taking the profits for now,,, lower price to buy preferred of course
0102
small port--- exiting rest of faz, look to buy back lower... exiting at 1348 for 1.43% profit
0101
4821 qqqq 1822 vix last ....faz 1347
0100
charts suggest new lod for qqqq,,, new HOD for faz
1249
stopped out for 1.35% profit in faz small port,,,still have half the shares left for higher prifces
1245
stop 1347 faz on 50% of shares in small port,,,, for guar 1.35% profit
1243
bulls need to hold 1770 BAC...last 1778
1242
more BAC sell programs...goood for shorts
1242
FAZ at resis here...watching carefully at this 1.5% profit area....if it pulls back i'll take profits on some more FAZ,,, small port is holding all FAZ
1239
a close look at rsi for DOW shows it broke its uptrendline and backtested it here,,,, looking for it to fall, then break under 68.52 then under 63, then 57
(on daily dow)
1233
* $50k not 25k sorry
1231
profit $100 on $10k, or $526 on $25k (dollars not shares)
1229
taking 1% scalp profit in faz here on small 10% of shares
1227
FAz stall at 1348 expected,,,, scalpers could take partial profits there...i'll wait...watch reactions
1223
BAC down to 1790 from 1798 in 2 minut3es
1222
BAC sell programs now
1151
FAZ just broke 1334,,,, should pop up nice
1147
if faz breaks over 1334, should pop up for a ncie daytrade, poss swing
1146
in faz 1329---just got filled
1138
will go long 1329 limit faz if filled. last 13.33
1135
software just gave an "exit fas long" alert, no setup yet for enter faz
11:15
BAC up a little from its lows, but still has bearish candel daily for now
11:15
My Comments might be sparse today since I am testing some new software.But I will post any buy or sells for trades that I take
* 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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