Thursday, April 29, 2010

Thurs ramblings (and Wedn eve ES futures)

0804 PM
SKF and FAZ went up in afterhours,,, used that opp to sell some FAZ for 1.75% profit at 11.52, bought today 11.32... i was planning on holding this till tomorrow but i've got skf, so locked in leftover faz


0339
this looks like backtest of last lil move down,,,,

0329
MM are testing market here,,, they pulled out for a few minutes

0320
breadth testing a support level here

0318
wow no movement considering 3:18pm

0312
XLF daily...still in the falling price channel

0306
*5 EMA oops

0305
15min nyse a/d crossed bearish under its 10MA

0302
taking 1.5% profit here on 25% more faz, just to be sure,,,holding rest for higher

0258
not dropping ask, just bid

0257
hmm...MM dropping their bids here

0254
this move has more vol than last down

0251
vix trying to wake up....

0244
ES support at 1202 and 1199,,,, over those levels, bullish ES, but break below could trigger stops lower

0241
selling 25% of FAZ 1142,,,, need to take at least one profit today even if small,, only about 1%

0237
i dont like the last 4 candles in 60min es...those r bearish,, ES last 1206

0226
breadth looking toppy to me,, the nyse adv-decl

0218
doing faz day here 1132

0214
XLF resistance is holding here thus far,,,skf support held....watching

0205
we "should" pull back here LOL but who knows today,,,very bullish day on light vol tho

0203
ES vol today much less than yesterday and day b4

0200
skf support at 1723,,,watching to see if that holds...last 1730

0122
nyse adv minus dec 60min peaked at 10AM today, is flat since then hasnt moved up

0100
15min macd hist does have diverg, tho not 15min rsi nor 15min macd-line,,, but the 60min macd line is forming a diverg now

1254
i know we talked about bear divergences 3 times today lol... this is the first time today that theres a bull diverg on the 133t SKF tho (bear diverg XLF),,, SKF 1743

1241
i have a "declining breadth warning"... hasnt happened but warns of it,, spx at 1208 suggests lower

1229
skf bull crouching tiger forming but only at 78% now,,but forming

1216
when the 3rd drive to a high fails to hurdle the high, a larger move down often occurs,,, of course this is intraday not daily so degree is less magnified

1216
a failed mini triple top....in ES... those are generally worse downside than double tops

1211
the daily rsi 14 has an intriguing horiz support line at 41.01.... its both breakout higher support and also backtest support,,, vix at 52.60 rsi now so it could still decline more and be bullish vix as long as 41.01 rsi holds and vix stays over 16.00/17.00

1200
*SDS down 3% not skf oops

1159
currently my skf down 3%, skf down 1%, tbt up 0.5%... all trades still valid to me for now

1142
SPX near high of day but NYSE advance minus decline has a lower high, affect not immediately seen usually


1139
buy program, moderate,,,

1121
i'm not adding to sds but rather transitioning from sds to skf,,, i like skf more,, still have red sds from 29.85 swing

1117
skf LOD so far 1759 low of day

1116
. i have an 88% day setup for skf now

1115
skf avg cost 17.72

1114
adding some skf here 1762

1042
3min bear diverg spx now, spx 1203.50

1019
in general,,, ES should have made a higher intraday high by now,,,, shows weakness to me for time being...gap theory

1012
bearish es 60min candles so far... 3 shoot stars / gravestones

1001
i have a sell program warning but only at 79%,, means sell program might kick in within 20min, last spx 1200

0955
small sell prog in financials

0944
i am in SKF at 1781

0827 AM
watching to see if ES 1201 Resist holds

* 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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