Wednesday, May 5, 2010

Wedn ramblings (and Tues eve ES futures)

0402
the swing short entered yesterday worked nicely, watching this one now... still short qqqq from 50.12 also

0401
i'm just dipping my toes in the water on that swing,,, 50% position size

0400
i was not stopped out. i remain short swing. took some profits thru day of course. lets see how the new spxu swing entry at 29.77 works (currently at breakeven on that one)

0359
also another doji or narrow range day or spin top wouldnt surprise me tomorrow

0358
spx could gap up in the morn, this is often seen with morning star patterns

0354
exiting faz now, above the stop, 1277, profits locked on rest of faz (cost 12.44)

0350
my target, later, is the february lows,,, 1044/47 spx

0337
faz stop changed to 1269 from 1272,,,give it some room, almost stopped out

0332
taking a little spxu here, 2977

0326
even in 60min spx is under the 20 and 50 MA,,, i'm waiting for any long swings,,,still see more downside 'in general",,,, i dont want to go against current downtrend

0325
yes morning star bullish candle today, but they work better when there are more red candels before it,,,, needs confirmation with a close tomorrow ABOVE todays high

0315
in coming days, not necessarily today

0314
the 60min does look oversold here but still see more downside when looking at daily, 60min, other inidicators... any thoughts ?????

0309
if i am not stopped on the 29.49 sds at 30.61 then i will hold longer, overnight

0307
sds from 29.49, stop 30.61,,,, can reload later if stopped, ,,, sds swing up 5%

0301
stop 12.71 on 25% of faz,,, stop breakeven on other 25% (50% gone).... 12.71 should still give 2.5% profit if stopped

0258
i'm holding the 50.12 qqqq shorts as a mid term trade, for weeks/months maybe



0257
qid sold,,,took profits,,, still have qqqq short n faz 50%

0251
3.93% profitr, taking 25% shares more off here in the faz,,, 3.93% profit,,, faz loss of 2% from this morning made up, still have qqqq short

0244
qqqq could hit 4731, a lower low, today...watching

0243
here is that stall,,,expected...still holding some shorts, having taken some profits

0239
Locking profits on some faz here at 2.66%,,,keeping rest for higher,,,in epxectation of the whipsaw

0238
a stall here and some whipsaw is not necessarily bullish,,,expecting stall and some more whipping around

0236
i'd like to see a lower low on the 60min to create a "real" bull diverg, then can maybe consider long day,,, not today it wont come

0234
FAZ up now.,.. close to covering the FAZ loss from this morning (nasty 2%ish cuz of gap)

0227
still only stage one sell here,,, stage 2 not even started, if it comes, will be more,,, the sell program warning is relatively good

0222
Marketmakers are dropping the ASK here (bearish)

0219
FAZ has a bull crouching tiger 87% with a hold of 1235

0216
here's the sell program, stage 1, from the warning 10 min ago

0215
the 133t chart qqqq has bear HS with three left shoulders lol

0211
15min charts are coiling now, could pop either way, bias down for now

0208
i have an "exit day longs" signal setup warming,,,fwiw,,, qqqq 4822 spx 1169

0200
i have a "sell program warning", no sell prog yet, just warning

149
vix looks bullish, bearish spx

144
 that looked like a breakdown of the UTL in the 133t chart, then a backtest up

138
faz trade still valid, up a little here, waking up

120
cancelled more qqqq shorts,,,doing faz instead,,, 12.42 faz

111pm
4832 qqqq short could work, i'm already in tho, holding only to add at .43

1258
will add more qqqq shorts at 4843 if able, last 4823

1253
15min qqqq chart supports shorts in additino to the 3min HS

1250
3 minute bear HS in qqqq...

1244
qqqq first down trgt 4787

1243
i have a stay short qqqq setup, holding 15minute till end of day, not scalp

1218
i still like qqqq short,,,could exit here breakeven but staying in short

1207
qqqq 60min stoch trying to climb over 20 but usually pulls back on first try

1206
qqqq have a small rsi bear diverg in 3 min, with stoch over 80 in 15min

1136
in qqqq 4822 short looks good here, typ 7.71

1121
out of faz 1256, small profit/breakeven

1102
program trade, back in faz 12.53,

1050
there is much spx resistance in 1177 1178

1038
Today is the only day since March that SPY has OPENED under its lower bollinger band, with the poss exception of a minor open below it on Oct 2

1030
i was stopped out of faz, grr now its back up, but rules said to exit, so program exited.... will probably re-enter faz or fas today and recoup the loss,,,,,

1027
new entry/add to swing short setup could present in 15minutes maybe

1021
stopped out of faz prog trade at 12.70, loss 2.83%

1015
the bullish diverg in qqqq is not strong or fully developed yet, for a swing perspective, 60 min qqqq,,, no reason to cover shorts yet for me

1005
faz stop 1273 now

 
0954
faz stop 1263 now

0952
yesterday i mentioned that today we could see a big red candle instead of bounce,,,just like 1/21 and 1/22....could see selling today, certainly started bearish and gap unfilled

0945
FAZ back in the buy area, for a hold 15min-5 hours, not scalp,, stop 1257, will manually trail up

0940
no dips buy for me....vix next trgt 2922

0938
VIX at R here,,,could stall, poss spx bounce now but not going long

0932
in FAZ 13.06 program trade

0931
then 1050, 925, 875 if supports break but that remains to be seen

0930
my spx targets are 1165 and 1150, in round non-exact numbers

0904 am
also added qid late yest at 1652, that is not as high profit cuz added yest near close


9:00 AM
TYP cost 6.94, last 7.87, up 13% profits so far,,, short qqqq from 50.12, last 47.92

8:56 AM
ES now down 9 points. Swing shorts performing well.

7:08 AM
Futures ES are down 3.5 points now, no bounce yet from yesterday's decline,,, this is why I opted to keep some swing shorts overnight. conservative traders would take some profits pre-market.... i'll just hold

* 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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