Friday ramblings / Thurs eve futures

0355
monday could be a small range day as market decides what it wants,,, or another large red candle, will be intersting,,, a large green candle is not likely,,, doji, big red candle, or bull harami are likely on monday

0345
back in sds

0345
out of sds,,,11 cent loss

0340
close to stopping out...will do manually

0337
selling half of sds at .71 if able, to lock at least small profit

0327
the next test of es 1188,,,it should crack it lower

0323
15:34 PM is my expected movement, using current velocity


0305
2957 stop....10 cents risk

0259
vix is not waking up here,,,,small candles...

0249
adding more sds here 2958

0246
given that bias is down, might not need a divergence to turn back down on 3min

0212
there is a 3min bear diverg setting up now, and the daily bias is already down, so took profits in the long sso and remain short the sds for now

0210
exiting sso for profits here,,,4389

0208
i'm still in sds now,,,cuz i have the sso hedge,,,sso was not stopped out b4

0157
poss bull inv HS in spx 3min

0154
2963 sds stop for now

0151
time series F slope is near flat,,,so trick whipsaw here possible

0148
3min macd bear diver macd hist forming here

0143
i dont yet have an exit short pos signal setup,,,just a warning,,waiting... usually with the warnings, when the exit signal triggers, can use limit order to exit with small profit or breakeven, if exit triggers

0142
getting choppy here now .......might exit the sds n re-enter,,, no clear long or short now for me,,,,but i'll wait a few minutes to act

0139
if sds can get over 3002, next target is 3032, last 29.80

0137
on the 133t chart sds,,,, it broke under its uptrend line, and is now trying to backtest back up (inverse for spx)

0134
sso stop set near breakeven,,, that was a dud trade, only 0.3% profit,,, the shorts have returned nicely tho

0133
there's a bullish hammer in spx 60minute,,,but my work suggests bears will repair that

0129
hold time minutes hours,,,maybe swing

0128
paying premium,,,in sds 2975 starter position 1 of poss 2, position 50% half size for now

0123
i'll buy sds again at 29.67 limity

0108
sds hit 30.00, right near the 30.02ish target,,, just 2 cents away

1259
i still have a long spx setup, hold time minutes hours

1258
sold 25% sso 43.61 to lock some profits

1247
limit sell some sso 4363 to take a small profit, 25% of shares

1230
i'm in sso now but plan to re-enter sds later,,,still have 25% sds

1218
trying sso 4350 here

1213
not filled yet,,,,4354 last sso

1210
i will buy long sso 4342 limiti if filled

1206
stopped out,,, profits locked,,,still have 25% left... will prob try a long soon but not yet

1204
stop raised now to 2981 from 2973

1202
there's the test of LOD i expected b4,,watching here now

1202
but thats 25 cents from my real target 3003ish

1201
2973 stop to lock profits, on hlaf of remaing shares,,,,

1157
still in the remaining spxu....stop missed by 3 cents

1154
*2966

1154
2967 stop in sds,,,,equiv in spxu

1153
2865ish spxu trgt still,,, 30.03ish sds target

1148
still looks like test LOD in order soon,,possible break lower

1137
need to take profits as they come in this mkt... i've taken some but holding 75% still,,, will sell another 25% around here if doesnt break low

1134
i'm waiting for retest of LOD, possible break lower,,,think we get a lower low today

1132
close to 2863 target first on spxu now...watching for possible sale of some more shares but not all

1130
good it turned down there 1191 as expected

1128
if move is strong,,,should go back down now here at 1191 ES

1124
charts suggest LOD not in yet,,, one more push down at least

1117
wow blew past 1840 while typing

1116
vix blew right past


the 1820 target, at 1836 now,,, ,,, 1840 and 1867 R would be next,,,, if 1867 is broken higher, then fireworks...
 
1114
2865ish trgt on spxu,,,more precise target later,,last 2797

1113
the spx is setting up that 3 day bear candle pattern mentioned 2 days ago... this is day 3 today,,, so far setup is there,,, needs confirmation on day 4,5,6

1111
vix targets 1821,,, 1840 and 1867 R would be next,,,, if 1867 is broken higher, then fireworks...


1110
if vix breaks 1787 then 1821 vix next,,, testing 1787 now,,,pullback would be normal but could go for 1821 first

1103
10 min spx getting lil stronger but no "cover shorts" signal yet,,, my timeframe is hours/days tho,,, 60min says "stay short"

1100
 tho dow is "only" down 50 points, not much really, could easily see triple digit dow loss today

1058
vix at 1784 R now,,, 1840 and 1867 R would be next,,,, if 1867 is broken higher, then fireworks...

1055
spx could go lower than 1200 so keeping for now,,, ES targets 1192 and 1190

1054
i dont have an exit short-term shorts setup yet,,,,keeping 75% of shares of the spxu for now still, at 27.70,, selling some here to take profits

8:56 AM
The mini bear HS in ES continues and is still valid from 1:12 AM.... as long as 1207.50 Resistance holds. A break of the 1200 support is needed. Next R over 1207.50 is 1210.50. Last ES 1204.50, down 4 points.

1:12 AM
mini bear HS poss in ES 60min chart, target 1192 on a break of 1200

01:11 AM
ES down 6.25 pts at 1202 now


Asian Shares Slip; Google, AMD Weigh On Japanese Tech Stocks


Hong Kong declines as China property stocks slide




* 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".