Thurs ramblings (and Wedn eve ES futures)

403
vix needs to hold up tho, else risk mini dbl top

400
vix did it...closed at 1846

359
the vix has made it over 1834---very bullish vix if it closes above that,,,, last 1854 ... vix could go to 28in days from the 18,, not saying it will, but could

357
qqqq 4793 just hit

355
will cover daytrade TYP / QQQQ shorts b4 close,,, for about 4% profits using TYP .. holding the vxx fxp smn dxd bacShort for swings

351
qqqqq have a bear engulf 2 day pattern

351
qqqq close under 4791 would be key reversal day bearish

350
4793 still qqqq trgt....last 4803

347
nice,  1793 vix close gives a confirming bull morn star,,, a close over 1834 would be very bullish for vix

346
xlf could be in trouble in coming days... look at that NASTY bear shoot star in BAC, on high vol, suggests very much exhaustion last 3 days

345
qqqq 4810 target


hit...not covering shorts yet from

4847 tho
 
 
344
TYP at 7.73 vs 7.50, up 3%ish

337
from 2:31 PM vix likely will at least test 1792--- target hit, last 1796
 
 
336
qqqq last 4813, near 4810...preparing to cover rest of those qqqq shorts daytrades (typ gone)

331
smn at 718, up from 704 and 687, fxp china up near HOD at 8.64 from 8.20ish, BAC still red but moving toward profit zone

330
1798 BAC target hit, last 1797

329
the BAC candle, if it closes like this or lower, is bearish and could be the exhaustion gap blowoff top i mentioned yesterday as possible.... it has high high volume in BAC, unlike the indices themselfs

327
BAC back down at 1804,,, expecting lower

320
still waiting for vix 1792 target unachieved today, hit the 1717 and 1741 targets

318
expecting 4810 qqqq again,,last 4830

257
vix 1774 now....still have 1792 target

252
but this BAC short still red,,,,for now....

251
SMN i bought 2 days ago is up now too,,, 715 last

238
1170 and 1166 spx targets down,,last 1172

233
4794 qqqq target ..last 4814...might not make that one tho

2:31 PM
vix likely will at least test 1792---last 1768

230
17.93 optimum VIX target with a close over that would be very bullish vix,,, last 1765

238
1799 bac next trgt

226
qqqq at suppport here,,,bulls need to hold 4822ish

225
BAC hit 804 target, one cent from 803...still not covering

221
that spike there to 1820 in BAC did NOT take out my stop,,, it was a MM order

219
*1819 stop not 1817

218
stop 1817 cover BAC short for loss, then will re-short...if the 1817 hit,,, last 1814

210
BAC holding 1812 target here... looking for it to break,,, if it doesnt then i'll exit short and re-enter higher.... still see lower BAC... analysis suggests BAC should get 1804 at least today so waiting,,,,,last 1813

201
prob stll here cuz of 1175 spx

156
should pause at next target of 1741 vix...last 1732

154
1741 is more impt vix # next
 
153
qqqq down as expected...... .. the VIX did it...they were both moving up... vix usually wins


151
now BAC target of 1811 made (actually 1812 hit), with a bounce there as expected.....i am not covering / re-shorting BAC yet here tho

150
4821 qqqq target b4 stall,,, last 4833

148
took scalp profits in 50% qqqq 4737 as the vix hit 1717,,, typ 760

145
1717 VIX target was just hit....1741 vix would be bullish vix bear spx, if it gets there,,, still at R now ,,, stall expected....

140
would expect stall at 1717 vix if makes it, then watching for breakout over it,,, larger breakouts prob not today

139
VIX close to its 1717 target.... last 1707

139
taking lil profit in selling typ daytrade at 758 vs 755 cost here,,, keeping qqqq daytrade shorts from 4847.... typ no good scalping,,, did not move right,,,

136
if i cover at the 1811, it would be a loss on that piece, with epxected gain on the followup trade

134
i might cover BAC at 1811ish target, then re-short.,,, or might just keep it... either way works, cover / re-short would produce higher profits,,,, last BAC still up at 1824 tho

127
vix spx and qqqq all going up in 3min at same time...that wont last long lol

121
vix target still 1717, last 1692

121
small HS bearish in BAC now, intraday only, 18.11 target

103
charts suggest vix will move up some here, toward the 1718

102
vix testing R again here...micro intraday R 1665.... target 1718 after 1687 , if it breaks

1221
they r starting to sell BAC now...

1216
trying TYP at 7.55 here,,, qqqq 4849

1158
VIX testing intraday R now...watching to see if goes above it,,, more impt R is HOD of course

1148
vix starting to creep up,

1135
dow 60 points from 11,000

1133
BAC... three gaps with 3 big candles, often exhaustion, esp last one

1132
BAC and xlf is strong,,,has the look of an exhaustion gap tho

935
vix opened down, but right at support....watching if support in vix holds or not...last 1711

930
17.88 is gap R in BAC from 10/15,,,, watching to see what BAC does here

926
see what happens with VIX today... had a bullish pattern yesterday, last 3 days,,, but needs follow through,,, VIX has consistently been pushed down, so watching that too

923
the thursday bearishness is not a tradeablle strategy for me, just observation

922 AM
lately, mondays are often bullish, thurs are often bearish,, see if the bears have anything today... large red candles have come on thursdays, so just watching .. a look back at thursdays does show some very bearish days there though, this year

* 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".