Tuesday's ramblings

0630
ESFutures continue lower toward the lower test targets.

0529
QID could see 16.63 afterhours tonite....

0527
there it goes.... 1170 broken....

0520
1170 looks like it wants to brea lower

0518
1166/67 possible if 1170 not held,,,retest those lows...

0515
watching to see if 1170 ES is held up until 8pm, or if it cracks under it,,, or move over 1174,,,

0434
i still see more downside in spx qqqq....the 15min and 60min charts can be used to time adding shorts (or long for that matter if things change)

0351
last trade,,, qid 1650 into close

0341
Out of QLD 65.41 from 65.70,,, loss

0306
autotrade out of QID 1647 from 1645 (breakeven), in QLD 65.70

0259
the last time that SPX tested its daily 50 MA, it moved down the very next day another 25 points,,, 2 big red candles. first 1148 to 1115 (down 33 points) on first day,,, then 1115 to 1090 next day (down 25pts).... 58 points in 2 days... something to consider,,,, from Jan 22 2010


0247
up in vix not spx

0246
VIX chart suggests a move up here

0220
In QID now, autotrade, at 1647

0219
stopped out qld,,,small profit

0217
QLD autotrader moved stop into profit zone, stop 6566,, QLD profit 0.58 now

0216
this 4845 qqqqq hard to crack ...still think goes higher over it,, charts suggest more "tries"

0210
i still seee more down for swing,,,,just dont know how much/if bounce will be,, this mkt has amazing ability to bounce when its not supposed to LOL


0209
cannot tell if candles r


continuation or bull hammers,,, macd stretched,

15min weakening,,, 15min rsi rising in UTL
 
0207
the 60min spx is getting hard to read now...could go either way,,which usually means chop sideways till mkt makes up its mind,, spx 1174

0204
VIX 3 min.... 5 mini waves down,,,abc next?

0202
i might cover the sds swing soon,,, hourly chart weakening.... not yet but weaker now,,,watchintg,,,, will look to re-enter short since more downside in coming days likely

0149
*4856 correction

0148
4852 next micro trgt qqqq

0145
took 25% of qld off at the 4844 trgt,,,about 0.5% profit on that lil piece...that was not autotrade,,i over-rode it there on 25%,,autotrade still in

0144
qqqq hit 4844 trgt and backed off,,,normal,, still should go up,,but that 4844 needs to break sustain

0141
4858 4871 4896...each must be hurdeled..not sure on the 4896

0135
4844 qqqq target first

0132
QLD trade still valid,,, sds swing still valid lol,,, long n short but diff timeframes

0127
ideally the QLD day will give a small profit, and the swing sds will stay alive without stopout, then sds reverse higher

0106
still in sds swing,,, over 30.15 is preferred,,,,last 3042,, still up 3.2% profit in sds (what remains, took some profits b4 of course)

0105
2 bull hammers in 60min qqqq,,,,
but they need confirming closes ABOVE the high of the hammer, per most candle rules

1248
in qld, 6549 program autotrade

1247
out of qid,,,breakeven

1244
wow...within 2 cents of stopout in qid...still in

1241
1647 qid stop, breakeven

1238
qqqq might give next target down at 4783 ,,, usually if the first target is missed my pennies, then the second one is hit, or in between,,,, same as other day,, of course 4708 might "be it" for now in qqqq, but charts still say "stay short"

1235
qqqq hit 4808 close to my 4802 target....

1214
16.37 stop in QID for now

1210
shouldnt use less than 25,000 on those trades, or commissions could eat up profits,, 25k gives 200-400% / yr,, nothing spectactular, it's the tortoise style

1209
again,,,autotrade will have many small trades like this when in daytrade mode not swing mode,,, but will catch the 1-4% moves

1208
6553 vs 6557 autotrade, 4 cent loss,,,, immediately reversed back into qid,, in qid 16.48

1154
Looking for entry into the SRS for swing...no entry yet,, could be multi month hold

1151
stop qld 6533 for now,, but again its on my autotrade program,,,stop will be autoraised

1146
yesterday i took about a 2% loss in TBT, but glad to be out,,  tbt down another 2.39% today
 
1141
QLD up 6593 from 6557

1118
fwiw,,,my autotrader just did QLD 6550 but it has history of only 57% winning trades, but annual ROI on in is 200-300%.... wins profits greater than losses

1112
ok...stopped on the qqqq shorts 4828 from 5012,,,, still have 25%

1110
covering all but 25% of qqqq puts... .74 cost to 2.06 sell for 278% profit

1109
TYP profits 11% from yest

1107
STOP COVER lock profit 4828 qqqq for now on all but 25% of shares...tite stop

1105
4822 qqqq target hit exactly,,,if it holds here i will cover then reenter

1100
theres the 10 cent drop in qqqq expected

1059
VIX marching toward the 26ish target...last 24.77 and rising....

1056
4850 qqqq last

1055
i think we pull back one more time here, maybe not new low, before bouncing uyp... will prob cover most shorts on that, always saving 25% of shares at breakeven of course

1052
1168 spx would give the 4802 qqqq target prob

1051
spx may want 1169 not 1172

1047
the 3 min is building bull divergences but they must be stronger for me to do any longs or cover shorts completely,,,, still in shorts about 50% shares

1045
MM are trying to build a qqqq base here but selling again 4850 so watching this,, no long signal or no cover shorts yet

1043
IF VIX HOLDS 23 the NEXT REAL RESISTANCE is 27ish...last 24.47

1040
4823 could be a magnet...watching

1038
1174 spx should stall it

1037
my target "real first" is 4823 tho...watching for reaction there

1036
cover half shares from 4876 at 4850 works here

1035
if shorted at 4876....watching for cover area in coming minutes for scalp, longer for day,, last 4848

1028
4876 short here could work but riskier... target LOD

1024
the 60 min qqqq suggests qqqq is only "just beginning" its decline...much more down in coming days,,,with bounces up of course

1021
qqqq throwing a bounce warning now...but not ready for long or exit short,,,, sideways i think for few min

1017
VIX has marginally broke over R,,,prior hi from 5 days ago,,, needs to hold over it

1012
DOW under 11000 psych # now,,, will that convert to resistance? (Of course, other #s are "tech resist" not 11000)

1005
there's the 10 cent drop in qqqq in last minute,, epxecting lower or sideways still

1004
10 min qqqq is getting lil stronger,,,but usually it will turn back down first with this pattern,,,initial strength only,, 4888 last

1000
expecting spx to turn back down here before any bounce up,,, under curr 1184

0956
i mentioned 3 days ago this is "distribution" toppping process behaviour,,, still thinking 1165 then 1150 spx but not right away of course

0947
taking profits on half of qqqq puts at 1.61 here from 0.74 cost,,, 213% profit

0942
qqqq target 4873, hit 4872 or one cent less, then bounced, but looking for lower,,,, still short

0941
4807 qqqq target in coming days

0939
qqqq target 4873 hit,,,,, why i took some off there, lock profit

0938
typ 7% profit, locking 25% of shares here

0937
in Q puts from .74,,,, typ from 6.94,, typ last 7.45 for

0934
4873 qqqq target... 10 cents under the 4883

0932
qqqq down hard, qqqq need hold more impt support 4883,, last 4906

0907
still short sds, spxu, qqqq from 5012 last 4936

0904
looking for retest of Friday lows,,, i still think we break those and head lower in coming days,

8:59
ES is down 12 points right now,,,, the new short setup entries from yesterday were valid and working

* 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".