0402
i still see some more whipsaw and consolodation before a huge move down,, then down to 1150 1050,,, monday i plan to look for entries in twm spxu etc,,, and also in the dramatic volatile VXX and DUG
0357
about 0.5% each on csco trv,,,, PAAS is up 1% and holding it swing,,, tbt up 0.25% and holding swing
0356
took small profits in csco and trv,,,out of all longs,
0332
LONG TRV into close with 4983 stop, low risk, in at 5005
0324
stopped out of vz, aboout 1% loss
0312
we "should" have gotten 1122 today,,,didnt,,, suggests more whipsaw and not total fear,,,yet
0311
not expecting a dramaticly high run up if it comes
0310
this action also has characteristics of running stops lower, with a move up in the close, short covering,,, very tricky here
0309
my software does inidcate that today was being shorted into,,, held up and shorted into, so more down very likely but i'm waiting for chart confirmations, less cross currrents
0301
long here es 1128 could work but i'm not taking a position,, already have enough longs into the close (unless stopped)
0258
stop vz 2837,,, yes a lil lower or higher would be "better",,,, set at 2837 if that doesn't hold then i'm out with a loss,,,about 1%
0250
the last lil move down looked like a small bear trap...intraday only, which is why i remain hedged long via paas csco vz (tho vz is giving me fits and not moving)
0249
VIX 3min chart has a BULLs face
0243
theres an inv bull HS in ES 3min
0242
i still like csco long for now, esp if it breaks 2493, into the close only
0238
tbt 37.43 stop for now,,,wide stop from 4165, will raise later
0236
taking a SMALL starter position swing in TBT swing at 4165,, multi-week hold
0234
well PAAS i will keep swing, it's disconnected from spx, maybe
0231
too many mixed signals, conflicting charts in daily 60m 15m for me is no mans land,,, shark waters,,, not swimming with sharks :) for swings
0230
VIX is moving up bullishly now tho (bear spx)
0229
we r almost in no-mans land for me,,,, i will only keep a few swing shorts, having taken profits on most,, will look for better entries on monday for swings
0228
ES 60min candles do have bullish tails on them....
0209
csco is behaving,,, VZ is iffy, might get stopped out on another small loss if needed on vz,,, stop just below LOD (about 10 cents uder),, PAAS setup still valid moving up
0200
PAAS could make a vertical intraday move up,,, at 2752 from 2740....
0151
going long PAAS 2740
0136
here is the ex[ected whipsaw movements,,,tricky here
0122
my charts r suggesting the spx still bounces up from this move down,,, spx 1131 last,,,,
0113
ES also hsa R at 1141, 1136
0107
locking in 3.2% in twm now on all except small piece,,, will look to re-enter,,,may not be today i reenter
0105
for the first time today, the VIX is showing weakeness,,, spx bounce expected, at 1134 last
0103
VZ has margninally managed to break thru its 15min DTL....see if it can sustain for a pop higher,,, cscso up too
1256
LOL stop hit, out of EWC at 2% profit
1256
stop 2722 EWC to lock 2% profit if stopped out
1249
my target still is 1122 spx,,,,later
1248
ES 15min does have a confirmed bull harami pattern,,,,but its contratrend of course
1247
temporarily bullish in ES if ES over 1127,, if 1127 breaks then bearish
1246
watching out for this poss bull inv HS in 3min spx es,,,
1242
grr DUG stopped out,,, around 6.5% profit,,,still have just a lil left,,,look to re-enter later
1239
6287 stop on most DUG,,,will hold a little with stop lower cuz cost is only5932
1236
i still see more down,,, but hedging long viz CSCO and VZ, which have held up in the decline,, so trading both long and short here
1228
VZ has 2 nice 60min bull hammers but not confirmed yet,,,needs 60 min close over prev bar hi
1225
csco will hit R at 2502 and stall expectd, last 2492
1224
a second csco buy prog alert, now at 2486 from 2478
1220
CSCO buy program alert,,,,alert only no program yet, last 2480, remain long
1214
VZ and CSCO longs still valid setups,,,, still in twm dug ewc
1203
taking a SMALL long position in CSCO 24.78 here, stop 24.17 for now
1142
trying SMALL position in VZ long here 2867,,,, if the DOW moves up some I expect VZ to lead,, stop 280 for now, mental stop higher just under LOW of day
1130
taking some profits on SPY options at 4.05 vs 1.48 for 273% profit,,,still have half of options
1128
DUG hit the 6350 target, partial profits taken at 7% in one day swing, holding more for 6421 but it could drop b4 then
1124
as expected, taking some TWM profit here at this R, it didnt blast thru,, 19.08 TWM,, holding rest of shares for higher
1122
1912 and 1942 are targets in TWM, but they are also R, so watching those
1121
RUSSEL is at some support here in 60min,,,watching for reaction
1120
my target is still 1122 spx, today
1113
stopped out of QLD,,,took the loss on that one 0.6%,,,,on the hedge
1104
DUG is flying higher, 6290 last up 6% profit on remaining half, QLD down right now 0.5%
1100
6085 stop in qld for now,,,still short russel, canada, in DUG
1055
surprisingly i am trying QLD long here 6160
1045
the TWM 133t has a BULL W in it
1038
ES hit 1136 trgt, now 1134 must hold for bulls else more down
1033
possibly es 1136 trgt from 1139 then bounce unless 1136 does not hold
1024
TWM short russel should make another pop up, then prob will take profits as expect a move lower, then up again, 1863 last
1022
trying to build bull inv HS in ES spx 3min,,,what else is new lol
1014
stop was hit, sold 6188 for 4.5% profit since buying yesterday
1013
stop 6188 DUG on half
1013
DUG is slowing temporarily here, preparing to take profits at 5-6% soon, on half of shares, holding other half for 6350/6421
1011
ES resist 1139/40,,last 1138
1010
1122 spx will likely hold today if it gets there,,, last 1139,,,, for now my target is 1122
1002
VIX did not back off much,,,this could get very nasty down in spx
959
VIX is rigth at Resist here,,, spx could bounce a little, but if VIX breaks higher instead of pullback, would expect another quick drop in spx, vix 3078,, spx 1140 last
950
Selling 25% SPY puts at 3.37 from 1.48,,, for 227% profit
942
DUG blew right thru 6167 last 6211
940
DUG continues upward spike, at 4% profit zone now, 6158 last, target is 6167 then up to 6421
938
here comes test,,,,ES 1140 is support,,,bulls need to hold it here on first test
934
took 7% profit in VXX, looking to ree-enter,,, DUG at 3% profit now with stop set to lock profits, looking maybe at TBT later, TWM at 0.7% profit now
927
we will prob have an inside WEEK this week, often a bounce will come b4 further down, poss bounce on Monday, tho i'm not going long to trade that
922 AM
Bulls need to hold over ES 1140 early this morn else ES could selloff,
* 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".
Friday, May 14, 2010
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