Thurs ramblings (and Wedn eve ES futures)

0356
grr no shares avail to short VXX,,,order didnt go thru

0355
shorting small VIX overnite 3390 here

0352
taking a small long position overnite in KFT 2924,,,,

0341
i will keep some small long positions overnight in MRK and DD unless stopped out.... VXX long and short continues to be the best trade with best profits,,,re-investing those in mrk dd and gold long

0254
traders can make money long but it generally portends for lower prices in the coming weeks, these patterns, its rough on 401k long term holders

0253
this is very tough to read,,, all my stuff says that institutions MM are selling here and the letting prices up as shorts are trapped,,, that is price increases are from daytrade shorts not real money,,, my software continues to suggest that MM and Institut are distributing here, selling

0247
right now VIX has shoot star bearish almost a gravestone doji on daily candle

0246
bears want the VIx must repair itself b4 days end...it is more bearish in VIX than the spx is bullish,,,,

0243
3294 is still MRK trgt,,, 3252 last,,

0240
MRK is pushing up on the daily R in its wedge,,,unsure if it can break on this try,,,,

0237
MRK and DD continue valid... taking profits on way up, some scalp, saving some for larger targets

0236
ES could get 1096 today methinks, last 1088

0220
DD is breaking higher,,,made new high of day as expected....looking to take profits today on it

0201
going long DD here,,,, yes it is at HOD,,, charts suggest breakout up possible, momentum trade,, DD 3646

0143
MRK targets are 3257 then 3290, last 3238

0131
MRK has just broken over its intraday DTL

0128
i just got stopped out on that one...EUO will look for reentry later,,,loss

0122
i shorted vxx at 3430 but by the time i typed this it dropped to 3366

0111
charts are forming bull diverg in spx,,,,careful shorting down here imho,,, spx 1076

0103
my MRK stop at .87 was not hit...will lower to .84 temporarily,,, a better stop would be under .73 but keeping .83 for now

1213
if we exclude the crazy downspike in MRK, it is in a bull falling wedge daily, but of course that could convert to a bear down channel....indicators suggest that MRK may try to break higher in the coming hours or days but i'm not willing to risk more than i've set my stop at thus far, at 31.87. last 32.18, cost 32.40

1200
GOLD long and EURO short are doing fine

1200
MRK is deterioriating here, i may exit if it doesnt repair, staying long for now with same stop 3187,,,may exit b4 that,,, looking for a backtest up on this recent decline to see reactino then decide to hold or exit

1146
MRK 10min has a nice poss bull asc triangle hence my long position there,,among other reasons indicators

1101
LONG MRK 3240

1057
stopped out sso, took small scalp profit

1055
sso stop 3603 to guarantee at least small profit

1052
right now my charts suggest more up in spx

1047
sso 3577 trying

9:52
i'm buying EUO short euro for swing, 24.69 stop 23.44 for now

* 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".