Tuesday's ramblings

352
PAAS silver has a nice shooting star bear candle

351
i would have preferred close under 4547 but oh well... qqqq still bearish

348
although i like aapl,,, i'm short.. i mentinoed last week i was waiting on aapl, it came today the setup (early entry)

347
shorted one of my favorite companies today... aapl 209ish

345
DOW hit the 10393 target....

342
oh i should sell some typ from 98.95 lol at 922 here...selling a piece.... 3.1% daytrade..holding rest as swing

337
the vix 15 and 60min charts looking more bullish today

332
DOW 10,393 target is 4 points away..but bears need to break the 10393

330
4547 qqqq target hit
if down continues then qqqq targets down (not all today) 4553, 4549, 4522, 4478, 4442, 4384 (more precise targets later)

329
SELLING now MM... qqqq 4550

325
bulls want to close qqqq over 4547, under that very bearish

324
not an impressive bounce off the 4553....q's in trouble under 4563

323
under 4563 very bearish for qqqq,,,, 4571 is still ok for short

322
yes.qqqq just hit the



4553 target... 4549 next



319
4553 and 4549 are impt support levels today for bulls to hold and pivot up off of.. if those break lower, could see fireworks

318
i like DOW better


than qqqq short but i have both
 
DOW unable to make higher hi like qqqq did

316
DOW is weaker than qqqq.... more shorts there in dow

315
in dxd 2883 to short the dow 10,420 (also short from 10725)

314
preparing to add to DOW shorts via dxd

305
DOW under 10,433 is vulnerable to break lower of 10,400 (10,393 impt)

259
qqqq 4557...being this close to 4553 a high vol move gettting here makes it vulnerable to an eaiser break lower if vol occurs

257
4553 and 4549 are impt support levels today for bulls to hold and pivot up off of

254
if down continues then qqqq targets down  (not all today) 4553, 4549, 4522, 4478, 4442, 4384 (more precise targets later)

253
4553, 4549 qqqq targets down

252
roadmap working thus far...

251
MM selling again...qqqq hit 4571 ,,,close to move up first to 4573 target from 2:34 pm  b4 downturn to break under 4565.. next trgt 4554

235
qqqq 60min almost have bear engulfing pattrn

234
qqqq up to 4573 then under 4565 would fit a stage 1 marketmaker sell... 4567 last

232
MM selling heavier now... stage one selling....4566 qqqq

232
qqqq falling a lil...no heavy selling yet...MM continue to short into this, containing the fall to slow

231
vix rising.....strongly this time...

228
qqqq are testing the 3min UTL support now at 4569/67ish

225
, on qqqq 60min, the qqqq broke 60min utl support and backtest held, on my chart,,,also a wedge with same trendline

222
if qqqq hold 4568 they can try another pop up to 4589/4603 .. nonetheless i'm shortting these rallies

218
the SPY and qqqq are setting up for possible bear eve star patterns tomorrow.... last time it worked

206
MM....they sell into each mini pump

204
did some typ 8.95

203
adding more csco shorts here at 2462,,, will add more at HOD if able too 2475

158
qqqq are 6 cents from 4589 target

157
loooking at poss more csco short to re-short some shares i took profits in ... last 2457

155
csco short doing well.. last 2457 and weakening

154
qqqq made new high, as expected, still not at 4589, last 4579

149
i will likely swing short qqqq or do typ if 4589 hit....will see reaction if it gets there

147
watching if qqqq will hit target of 4589 from 10:56 AM...

146
for the past hour, MM have been selling into each mini-rally, letting it drift up, then selling

141
qqqq bull crouching tiger suggests new high of day.. last 4470

133
MM mild selling..could increase... qqqq last 4570

129
qqqq marginally broke the 60min UTL support, but nothing significant

127
qqqq broke lower from the bear rising wedge 10min and are now backtesting...

122
i just saw mixed buy and sell...cancelled each other

109
clearly the qqqq inv HS and triangle 3min patterns are no longer valid....

102
csco volume heavier today so will be intersting to see how it closes, what it does

1258
but csco also testing support here at 2445...if it holds i'll exit shorts with small profit and re-enter

1256
csco continues weaker...not good for qqqq

1249
qqqq moving up here but on light vol... last 4568... see if it busts thru 4575 or if 4575 holds it down

1248
qqqq moving up here but on light vol... last 4568

1247
csco short still good... last 2449

1244
wow the vix dropped quick to 1869... could rally hard here in spx.... right now, vix is only at parity so will watch...but that could cause a rally in spx qqqq

1241
qqqq dmi adx continues to decline...

1240
i think the qqqq bearish on-bal-vol on daily could prove very significant in coming days, unless it turns higher .. for the past week market breadth has been the one thing that persistently remained bullish in spite of the multitude of bear signals... if market breadth turns down, would be very bearish

1236
taking some scalp profits in csco stop .51,,, and some here at .48

1230
*2433 lol got confused with qqqq vs csco

1229
csc0 trgt 1 = 4433 last 4449

1227
csco continues to go down,,,short is safe for now,,,

1225
a swing long setup is dev on VXX... only 70% complete now but developing

1221
VIX crouching tiger trgt #1 achieved....

1219
mild MM buying now

1218
YES. csco falling

1216
MM selling tech

1204
qqqq also in a 10min bear wedge so conflicting signs

1203
qqqq should have broken out of asc triangle.. inability to do so near apex weakens the asc triangle setup

1158
usually i prefer to short the weaker not stronger stock, but stronger CSCO is breaking down and perhaps leading the way down in qqqq... idk

1156
i'm shorting csco 2463, stop just over HOD, low risk

1155
csco, one of the stronger stocks last week, is weakening here, 2462 last

1152
poss bear rising wedge dev in qqqq 10min

1150
1898 vix trgt

1149
bull crouching tiger in vix 82% confid but it is countertrend so weaker setup... last 1887 (bull for vix, bear for qpx qqqq)

1148
VIX getting a little traction here...

1144
MM mild selling now...dropped the bids

1141
key test here.... not sustained yet... some selling here... battle between bull bear

1140
qqqq breaking 4572 here... 4589 trgt if sustained

1132
qqqq over 4560 bullish, if under 4560, becomes bearish intraday .. but i remain in typ, short qqqq, for now

1130
qqqq asc triangle still in play here

1123
qqqq under 4572 pref under 4566 i expect lower still... but there is the asc triangl and inv HS if 4572 broken n sustained... right now they are consolodating so will wait to see which direction they take

1117
if qqqq can stay over 4566 in 3min chart it will have both bullish inv HS and bull asc triangle both with target of 4589

1113
so far spy daily is putting in a bearish spinning top

1103
fxp looks ripe for a possible bull morning star tomorrow, tho it's bearish right now

1057
right now, charts suggest the qqqq inv HS will not trigger up tho, but watching

1056
qqqq poss bull inv HS 3min trgt 4589, last 4570, but needs to break 4572

1054
racer i see that too... 60 min dow hammer, and candle before has a bear wick... qqqq similar

1031
ES heldd 1116 support

1017
ES at support here 1116

1005
also the DMI ADX have not yet confirmed move up

1004
Daily OnBalVolume for qqqq is bearish, not supporting move up (lower hi on OBV) .. OBV often leads price and was one of the only non-bearish indicators a few days ago when there were many bear signs ... watching to see if OBV and VIX begin to support bull or bears, right now they r bearish for spx

945
VIX is moving up while spx moves up, usually bearish for spx...

9:28
I will be watching today whether the qqqq and spx close OVER or under yesterdays high. a close over yest hi would be bullish.

* 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".