right now, esp for qqqq, my work suggests daily still strong, that a "normal correction" move down will come in coming hours days, but not a severe correction... this could change to severe depending on the daily charts. Right now, the uptrend daily is "safe", no technical damage done except a correction suggested. but that could easily change to more bearish if the daily charts start to crack. imho.
337
qqqq 20 MA is still below the 50 MA in daily,,, close but still under: 4501 vs 4585
329
if qqqq can close under 4664 it would be more bearish
325
spx should have paused at 1138 and bounce 1134,,,didnt really pause stall at the 1138
325
moving down with less selling could trigger another larger sell prgm if stops r hit
321
VIX is at minor R here, stronger R 1819,,last 1804
320
qqqq stalling right at the lower BB in 15min chart, expected.... 4674
313
advance system warnings are suggesting that qqqq should correct downwards in the coming hours days. some of the indicators that "lead" or trigger before an upturn/downturn have triggered in the 60min timeframe not the daily. that is, the leading indicators have started their downtrend signals,,,they signal in advance ... since the setup is in 60min and not daily (yet) then it's a weaker setup, less down,,,, targets to be calc later
309
the daily macd line is in a downtrend since april
307
qqqq daily MACD line is right at downtrendline R...testing....
302
vxx i bought yest is green, but i scaled in at higher prices too, so currently red there in vxx for whole position
244
deags i got some options when qqqq hit the 4703 target from this morning
242
VIX continues up..good for the short positions and vxx
241
stop on rest of GE moved to breakevn...looks like that's it for now
231
VIX crawling higher....
226
ge "should" get 1671....waiting for that next target...last 1660 but gap R is here at 1660 so tough
224
ok taking some scalp profits here at 1660 GE high of day..its lingering here,,,lots of selling... saving other shares for higher
218
GE targets up: 1661 1672 1693 1703
216
:) thus far qqqq made it 2 cents over my morning 4703 trgt...HOD 4705
213
glad to be out of frx...moving up here
210
out of FRX 100%...breakeven... to tight and i do not know which way it will break
150
now i'll do the scalp manually since it could pop over the .61
149
grrr missed GE partial profit order by one cent... stop at 1647 now
133
will take some GE scalp profits at R at 1661,,,last 1659.... saving other shares for higher
124
GE crawling higher, 1655 last,, R at 1661 also
104
ge,.. if it fails i'm out quick...mental stops 1647, 1636
1258
LONG on GE 1650...GE poss breakout so taking a long
1209
testing now the support line if its an asc triangle...frx
1206
frx maybe is building a bull asc triangle 3min...if so i will exit shorts
1154
interesting chart pattern in vx 60min for last 3 days
1141
half is daytrade half is swing, probably
1139
shorting frx 3002 daytrade
1051
out of qqqq short for now at 4683, loss daytrade
1044
vix is not going down here as spx qqq goes up...vix holding, moving up a lil
1037
qqqq just hit the 4677 trgt from 1030am... watching now to see if it hurdles higher towar 4703 approx or not backs down here
1032
qqqq broke over the 15min RSI dtl...bullish
1030
qqqq UTL resist is at 4677 so may try to reach that, last 4670... trendline from yest n today 3min
1024
vix continues to build a base, for now, last 17.92% (bullish vix, bearish qqqq spx)
1021
qqqq is right at UTL resist here 4671...watching if holds or breaks
1012
shorting FRX 2987 here
954
shorting qqqq 4657,,,typ 8.64
937
:) vix that i added yesterday is up nicely here...about 1% overnight
Tuesday 8:06 AM
Yesterday morning a mentioned a possible bearish evening star setup today. I'm looking to see if the SPX QQQQ Dow get a bearish evening star 3 day candle pattern today or not (today would be day 3, if we gap down and close lower than the open, it would be a classic eve star). On day 4,5, or 6, if we get a close below today's low, it would confirm the eve star as a reversal with more downside.
Monday Night
TBT ... 1 year daily chart
11:29
i wanted to get back in tbt as mentioned thursday but on friday i missed that one...forget to set an alert alarm for it... maybe a pullback will allow entry...tho a case can also be made for higher tlt and lower tbt so will be watching this
11:28 PM
Today was an NR7 day..narrowest range in 5 days... often a move up or down follows.
* 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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