Monday, May 10, 2010

Monday ramblings

0348
exit 1574 SWC,,,lock small profit, 13 cents or 1%

0307
shorting SWC 1587

0304
stopped out sso

0301
stop sso 4067 just over cost 4060,, no sense losing anything here,,can alway buy back

0258
 i will prob sell sso at ES 1159 for profit

0250
ES 3min is coiling now....triangle

0232
spx "should" get one more push up, last 1151

0207
spx 3min bull diverg....

0153
sso 49.59 looks good here for short tewrm trade,, still looking for short entry later

0113
now i am getting close to a short setup in spx,,,no entry yet,,, last 1151

0106
BBL broke support, headed down here

1253
i'm on sidelines in spx and qqqq until the 15 and 60 can complement and support each other, took small profit on sso not much, am now short BBL

1245
shorting BBL at 58.96

1230
out of rest of sso for now

1155
lock some profits, 25% shares, limit filled, about 0.66%

1151
only 25% shares,,,expecting it go over that higher

1148
taking partial profits sso 4120 to lock something, if filled, for 27 cents per share

1147
1170 spx seem a stretch but charts suggest spx might want it,,,

1139
else stops should trigger for a retest of HOD

1136
1158 ES stall would be normal, last 1156

1136
there is the expected break over es 1156,,,now watching to see reactino and if it holds,

1119
but for now my charts suggest last ES 1156 high will break higher

1119
ES 3min has 3 lower highs,,, if it does not stabilize then i will exit the long sso,,, watching now to see if last lowest high is broken higher or not

1112
still long sso now, tho could exit here at small profit/breakeven

1111
i likely will not have a shot setup for a holding over 20 minutes, before noon

1029
40.22 stop sso

1022
sso stop 3993

1018
VIX looks like bear flag

1012
spx may want 1171, hard to get targets in this turbulence,, looking to short when the 15min charts weaken with 60s

1005
stop 39.40 for now in sso

1005
sso 40.93 trying...want short later

Monday
8:11 AM
ES is up a whopping 50 points (4.5%), but this rally was expected. Below are 9:54, 10:54, 3:11. 3:16 coments I made on Friday warning that the Friday move down had all the markings of a bear trap with a subsequent rally. That's why I exited my swing shorts. Looking for new entry points again.

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

Friday 0311i'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

Friday 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

Friday 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

 
 
* 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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