Tuesday's ramblings

0401
i expect a lower high in spx tomorrow on bounce

0357
took 3.5% profit on the 2780--2880 spxu,,, took 8.4% on spxu bought yest 2656 to 2880 (but only on last 25% of those)

0355
sold swings,,,sold day,, spxu 2880

0350
dow at 11012, just 12 points from 11000 target

0348
ES target still 1180, same as b4,,,last 1183, holding spxu thru the end

0345
this VXX is something else,,, wont budge up despite the nice move in VIX,,,it is unreliable

0344
vix going up making new highs, without SPX new lows,,,, bearish...for tomorrow,,,,

0338
one reason i sold that spxu-- the buy vol and sell vol very close last hour....no clear bias

0336
taking profits spxu 2825,,,selling 25% spxu up here,,,dont trsust this,,,keeping the last 25% into the close at breakeven

0335
despite the move down here,,,spx 15min chartr getting stronger,,,for tomorrow

0322
spxu at 2824 target ,,,, good



selling spot here if not taken earlier,, save some of course for higher
 
0330
MMM struggling again

0328
i see a bounce up in spx tomorrow morning / early noon,,,,one thing that might stop spx from increase tomoroww--is the clear 60min bear pennant...if it stays in there then not much up movement, unless breaks to upside

0316
spxu lilmit sell 2824 could work here,,,i alreday sold some there b4,,, last 2812

0314
MMMM at 8829 approacing 88 target

0310
not sure,,,this could be the headfake move up mentioned earlier....

0300
taking 25% of shares off here in spxu to lock 1.5% profit as the vix slams into R

0259
MMM is UP 1% today despite big red ES candel....why i am watching for cracks in armor of the stronger MMM,,,,, holding .50 for now but precariously

0257
stops moved on spxu to 10 cents over cost on remaining spxu last entry day....last profit is 1.43% for now

0254
vix running ahead of spx now...vix near HOD...watching for reaction... vix pulls spx down vs spx pulls vix down

0252
what about intraday: ES wave 1 down, wave 2 up, now starting wave 3?

0250
usually here even if they were to take it down into the close, they would bring it up higher headfake,,,, inability to do so suggests weakness

0247
bear flag in spx 15 n 60min

0244
MMM just broke 8850 barely 8847,,,watching reactions...MMM trgt 88, then lower

0237
vix crawling up again....bear for spx

0235
MMM precarious at 88.53,,,, intraday support

0234
spxu looks strong for now,,, stoch 5,3,3 didnt even go under 20 b4 turning up,,, 14,3,3 and rsi 14 look good,,,, 3min chart

0232
if MMM doesnt hold 88.50 it likely will bring down DOW... last 88.60

0230
spx: daily chart down, 60min down, 15min neutral, 10min down

0225
taking profits for 0.85% on 25% shares in spxu

0223
ES broke,,,,1 minute late, see if it sustains

0220
2mintue warning on es break 1190

0219
MMM poss exhaustion gap

0219
qqqq MMM not looking good at


this momento
 
0216
If ES 1190 breaks, could trigger selling.. 3 min Boll Band lower...

0210
simple view...if the stoch 5,3,3 in 3min (not 14,3,3) hits under 20, it might trigger an "add shorts" setup,,,unsure just watching, among other indicators and chart patterns too of course

0205
theres the sell prog from warning 4 minutes ago

0204
MMM may be weakening here intraday, if it does then it could bring the DOW down

0200
i have a "sell program" warning now lol,, not actual selling,,, spx1197

0152
if the 10 and 15min charts on spx weaken then i'll add more short day, for now just using the small size

0150
this one i'm allowing a wider stop,,,, less shares,,, i still have a valid swing short setup, tho we may well go higher tomorrow as mel mentions, but my swing short still valid, so willing to have a wider stop on this entry,, i'll keep day or swing just depends on action

0148
filled on 2780 spxu

0142
i will do spxu 2780 limit, if filled

0136
spx..the 15min DTL is holding, in the RSI,,,may re-enter short spx but not yet

0123
my next daytrade will likely be short not long, but waiting,,, still got that spxu from lower levels but took loss on that last entry.... .006 % loss, small

0111
riskier trade,,, in spxu for more at 2800, stop on this piece 2787

0108
vix is right near mini intraday support here, if it holds then spx should pop down that one more time,, spx charts also say same

1259
daily down, 60min down, but 15min 10 min up, 3min down,,, why its tricky here, for spx

1257
mental stops at 2773ish spxu

1255
this is tricky now ,,,pattern still valid but weaker,,, should retest LOD or even 1180 ES

1250
that's the "up" #1 i meant before,,, should turn down here,,,

1238
still could see a move down in spx, then up,, setup still valid for that

1234
nonetheless... i will take profits in 25% more day spxu around here at 3.75% if it does not move, around es 1186

1229
in fact,,, the rsi daily is putting in a bearsish rsi failure swing, in daily timeframe that's rather strong signal

1227
in spx, the daily RSI line is making a lower low tho, compared with the last big red candle...bearish,, suggest more down after bouncing up in coming days

1225
usually in this setup, the 3min will make a small trip up in spx, then down lower, then finally the "real" bounce up

1223
tricky here..watching to see if the broken LOW in ES now becomes Resist or not,,, tho backtest should be expected up

1218
watching for possible 2873 spxu target, last 2830, HOD 2845

1215
there's the lower low and spxu overshoot over 2828 target as expected,,,, if we get es 1180 then i'll sell 25% more spxu there,, spxu last 2844

1201
i dont think LOD is in yet,,,, Low of day spx 1190.87

1158
dow is  at 11051 now,, 11,000 psych support?

1157
*2656

1156
if spxu breaks 2820, it should overshoot the prior 2828 target (that i missed the fill on grr)... still have 50% spxu from 2728 and 25% from 2654

1152
VIX has broken its high from 4/16,,, ES has not broken under its 4/16 low of 1183

1142
taking profit 2.4% here,,,spxu weakening,, day spxu profit 1.75% on first 25%,,, 2.4% on second 25% (the spxu swing from 2656 is up 5.4% from yesterday on remaing 25% shares in that)

1141
when it missed the target closely like that the first time, often it overshoots the target on the 2nd try.....

1140
might sell over 2828, or under, that 25% of shares...

1136
grr limit 2828 missed by about 8 cents, not filled

1133
limit sell 25% more shares spxu 2828, from 2728 cost

1128
2828 next spxu trgt

1127
taking profits here on 25% of new spxu shares from 2728,,,,1.75% profit,,, still have the spxu swing from yest at lower price

1119
1200 spx my first main target in spxu (2780 spxu)... spx likely to stall bounce there

1047
i might do spxu 2672ish

1037
stop on VXX swing 18.83 on 75% of share to lock a 1..235% min profit if stopped,,,, stop on other 25% at breakeven-ish

1029
there is a bullish rsi failure swing in QLD 3min

1023
7163 7174 are main qld initial targets, may need to exit earlier

1021
7141 qld stall expected, last 7126

1016
QLD 2min has bull HS modified, watching that

1010
doing QLD 71.06 here

1008
GS is on a buy long signal right now, but for day not swing, but i'm not entering here, but yesterday we expected a bounce in GS today

1003
still careful long here.... vix is actually holding and not filling its gap....unlike spxu spx etc

949
took profits in spxu swing,,,stopped out 2704 from 2656 or 1.8%,,, planning on re-entereing, as always, i kept 25% of shares in spxu stop near breakeven

942
stop 2704 on spxu swing from yest,,can always re-enter

9:11
the swing signal setup to go short i got yesterday is manifesting itself here.. ES down 7 thus far... watching the open carefully to see if gap fills

* 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".