wednesday ramblings (and tues night futures)

415
hard to tell, but the BAC move looks like it could have been blowoff top for BAC itself... close to prior gap R, very high vol ... of course, it could also be a continuation move up to $19 from 17.58

315
meanwhile BAC short is messy, red 1.78%,,, but charts suggest a pullback in BAC

314
if fxp can close over 8.55 then it will be a bull morn star on this china short

313
qqqq holding 4795 again....lol bears need that 4788...charts do suggest lower qqqq

300
for bears ...qqqq need 4788...last 4796
 
246
wow fxp up 3%, just noticed, hit 8.54 today, last 8.50

246
a vix close over 1830 would setup bull morn star in vix, tho prob wont get it today,,maybe tomorrow

211
qqqq have bear desc triangle in 60 min,,,seee if bears can do anything with it..last 4801

152
charts suggest spx will break lower on this test....but waiting..

150
this is the 3rd test of SPX 1166 today.... hold or break here is impt intraday

120
qqqq testing support,,,needs to break under the 4788 tho,,last 4796

1116
qqqq support 4789....last 4796...see if it holds or breaks,,,weak now

1115
vix target 1836, last 1771, but has some layers of R in between

1108
BULLS will want to hold BAC 1730ish breakout point...watching that for possible exit vs breakdown there

1105
but vix has R at 1750 and 1830 (approx).... needs to hurdle those to really get anything going

1103
VIX is stretching the upper BB in 15min chart (bullish until flattens)

1047
BAC charts suggest this as possible at least in the BAC, which is why i'm trading short there,,,, if needed i will take a loss on the last piece.... tho took profits on first piece in BAC short days ago

1044
i'm not saying we get this today, but this heavy volume in BAC could qualify as a possible blowoff top...people were mentioning blowoff yesterday ... but vol yesterday not enough.. but it's something to watch
 
 
1043
vix continues to build a base though

1043
vix crawling up, nothing impressive but crawling up not down for now

1033
BAC avg basis short is 17.34.... last 17.48/// currently red

1031
huge volume in BAC today... volume right now is almost the same as total volume for all of yesterday

1015
didnt expect BAC to make 1750... shorting more up here 1749

936
buying positino 1 of 4 possible buys in SMN... in at 7.10

914
*smN not smH

9:13
i will buy SMH limit 7.01 if able, last 7.09

8:45 AM
grr i planned on buying ERY but it has gapped up so far, i'll watch action for possible entry still... should have bought at close yest

* 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".