Friday ramblings / Thurs eve futures

0338
VIX made a new high today, spx did not make a new low

0318
prog trade just triggered long qld, and close QID for small 1.02% profit (tho i didnt take those trades)

0316
this has the characteristics of a bear trap i still think,, lure in shorts then make them cover

0311
i'm not adding new swing shorts here,, this could be a temp bear trap for 1-2 days... i'm still bearish just not wanting to add here

0305
VZ still "should" go up

0302
they r headfaking left and right here

0248
charts suggest VZ might be good for one more push up,,,2852ish from 2827

0244
qqqq back near 4881,,,,the 4852 cover profit would have worked well

0234
still long VZ,,trade premise still valid

0234
daytrade short i would cover here an look to reenter,,,decent profit here,,,could be headfake n pivot up

0220
i have a buy program warning good for next 27 minutes...warning only no program ,,, the warning have worked pretty well thus far

0207
my program trading sys triggered a sell short QQQQ 45.81 but i didn't take it....turned that one off today lol

201
i am going long strong DOW components and short on the weak ones instead of etfs today

143
picked up about 4.7% profit today long in meantime,,,all shorts closed yest

136
if VZ can get over 2837 then it should pop up some for daytrade, last 2830, cost 2823

128
in VZ long 28.23, paying premium, possible break higher setup

126
VZ long day 28.18 if filled limit

1251
3minute charts are too easily manipulated, the 60 min are more reliable imho

1251
i'm not using the 3minute charts in this environment for anything except timing entries and exits. the 60 minute spx still suggests the bias is up to me, at the moment,,,i still see more down later ,,, spx 1122

1200
vix is at a support level now, likely to break it lower to next level down

1152
stop 1108 on half of remaing AA (25%)

1149
taking 2% profits here on half of new AA, holding other half

1145
AA is beginning to coil now,,,,so watching for breakout up or down as day progresses, bias is up for now

1144
1184 stop on AA

1131
back in AA 1193

1121
stoped out at 1207 on remaing AA at 1207.

1118
QLD 5982 here could work stop 55.22 but i'm not taking it

1114
as expected below at 10:28, spx did find support at 1090 and popped back to 1118 or 38 points up

1113
taking 25% profits in AA here at 12.12,,,its at R so lock in a lil at 0.5% profit,,holding 75% shares

1111
a stall at 1211 AA and small decline is still ok,,,just over 1171 needed for now

1110
the second AA setup is a "breakout" setup

1107
i just got another "enter AA long" setup, this one safer, enter 1203 ,,,stop 11.71...but i'll keep my stop lower for now, mental stop now 1171 as AA stabilizes here


1057
but AA also has smaller poss BULL inv HS with 12.24 target.... watching both

1056
need to watch out for poss bear HeadShoulders in AA 3min....

1054
i remain bearish mid-term, but a crazy rally up to 1172/1186 spx cannot be discounted (not today),,, imho,,, i plan to short rallies at the appropiate areas

1052
my work suggests that AA is forming a base and should pop to the upside, but 12.10 must be hurdled to get any real action

1037
still in AA for now,,,wide stops

1028
spx may stall here ....theres support 1099 micro

1021
SPX 3 min bear M pattern

1020
i did no trades befre 10AM...let things settle a little,,, am in AA long but less shares and wider stops in this environment

1015
stop in AA mental 11.87,,,hard stop at 11.17

1014
doing AA LONG 12.05

1008
we are going to keep getting this whipsaw until the vix stabilizes and finds its support area

1001
i see a potential QLD trade but the stop must be around 56.50 vs 5960 curr price,,,, its NOT ready yet for me, just watching,,, could turn to QID fast lol

955
whipsaw until then

954
my charts suggests that VIX needs to correct down a little and find support, then we can get a better spx move down later when the vix finds support and rebounds

9:18 AM
it's interesting that the huge drop yesterday stopped right or near the feb low... we are going back down there in the days weeks ahead, i think



* 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".