Friday ramblings / Thurs eve futures

0412
BAC should have lots of resist at 14 its prior low,,, also if it goes under $10 then many mutual funds will need to dump it,,,not allowed < 10 dollar stocks

0406
you would be surprised at the crazy panic prices you can get sometimes afterhours LOL

0406
i'll cover some BAC at 12.98 afterhours on any panic sellers,,,prob won't fill its at 1322 now,,,,still see 12 for bac later

0404
well i still have


the swings in faz and vxx and gold...roi

14%, 10%, and 2%,,, i still see no reason to dispose of them
 
 
0352
ES has very low volume today,,,no move up on low vol? hmm

0348
there goes faz and xlf.....that 10 min stoch gave an excellent signal an hour in advance, along with the other tech indicators

0342
my VXX swing is trying to break yesterdays high :)

0341
there is risk in BAC short tho,,,,its sitting on the daily boll band,,,,the macd hist trying to tick up,,,but i'm comfy with it,,,could hit 1350/70 i'll just short more

0338
XLF has unfinished biz on the downside to me in coming days,,,not sure it has much room for upside,,,the bear flag is more clearly defined on xlf than the spx,, financials could drag the spx down

0327
shorting BAC into the close 1330

0312
selling "should have" kicked in from those warnings,,,gave only a mild sell,,,but the warning says more selling,,,tho it doesnt look that way now grrr



0257
i will only take profit on 25% of faz shares here at the 1530---i see higher

0250
now faz is pushig right against its pennant R line...should break it higher

0248
sell progr warn #2

0242
ES does have a lil bull diverg 3min,,,unknow if strong enough,, i favor the faz setup until its broken

0240
ok stoch has hit its "breakout" target now...if this holds then faz should go for the highs

0239
sell prog warn in xlf,,,medium strength

0235
stoch at 62......watching here,,,

0229
cant use just one indicator but a combo of confirming ones

0229
still watching that stoch,,,works very good under these conditions (not always but in certain conditions,,,,)

0227
faz 60min has a bull pennant

0224
stoch at 54 now but other charts suggest it still needs 60--63....it should pop up on that in faz

0222
taking some faz off here at 1522 makes sense, 25% off

0218
conversely FAZ has a poss bull dbl bot W with a 1547ish trgt

0216
in 3min chart maybe ES will try for a bull asc triangl

0214
or maybe needs 63 stoc

0214
hmm if the faz 10min stoch 14,3,3 can hit 60 it should pop it up,,,last stoch is only 45 but suggesting up for now

0200
faz target is same as the first scalp....to sell 25-50% at 15.30 if able

0158
the faz bull crouching tiger setup is at 78% confidence now

0155
my autotrader just doubled its faz position at 1508

0149
i might get that "add more swing BAC shorts" setup today,,,that i mentioned yest as not coming yet

0143
 ooops...that was 1490 support not 490 LOL on faz,,,typo

0139
ES is marginally breaking over the DTL resist here

0132
program trader went in faz at 1511 or one cent over its desired 1510 ,,,last faz =1511

0130
i have an imaginary up channel in faz 1with 4.90 support and 16.10 resist...trgt 1610 resist up,,i remain bullish on faz and bearish on xlf until such support breaks

0123
program trader has a limit order in to buy faz 1510 for "all day hold"  (the 81% not 52% algo)

0121
DOW has been stronger than qqqq or spx or russell...all my long hedges have been DOW components

0117
the program trader algo (82% win rate) that took profits in faz 1530 from faz 1507 is close to reentering faz again 1510

0112
this 1082 test is impt too cuz its the DTL resist test in 60min chart,,which is why i like shorting there

0111pm
if the bulls cannot get a higher close today over 1090 then they risk a decline to 1051 instead of the 1064,,,due to delay, IMHO, then bounce,,,That is, the lower trgt becomes more likely

1203
meanwhile i'm taking another 25% of faz sshares off here for 2% profit as the faz coils

1151
my work suggests a 72% confidence of the higher break ATM

1150
if the rsi hits 63 then faz should pop higher, the 14,3,3 rsi in 15min

1150
the 15min FAZ rsi is at an impt test now....it needs to push higher over 63 for upside accel (down in xlf)....last 58,,,, 58 is the downtrend line R for the rsi,,,

1145
DOES anyone see the xlf bear flag in 60min and daily???

1143
NOW....later today,,, we might get a real "tradeable" bull diverg long on ES,,,still see none yet,,,since yest i've been looking for a real one,,,today we get a lower price low and higher rsi macd low then can maybe get a tradeable bounce long

1140
yes,,,i still have the swing faz now at 14% roi.... the 2% profit trade was a scalp

1138
the 10:33 AM to sell limit sell 25% of faz shares from 1507 at 1530 for 2% profit was just filled :) .... still have 75% shares

1134
buying back the puts i sold in BAC



yest,,cost 46 cents on the puts

1132
once again the xlf is leading down,, now near its low of day,,watching for reaction at this support test, i expect lower low today in xlf

1127
Watching for break of 1078 in ES to give the bear HS target 1074/73

1125
FAZ has broken above its 15min DTL resist and backtesting now

1123
i am exiting the VZ hedge here at breakeven or 2 cents profits

1055
5min later,,,ok ES broke 1079 lets see if it hits the 1074 trgt

1050
ES 1074 is the target for a bear HS break under 1079

1040
my program trader just went into faz for all day,,, 1504 or one cent over the 1503 desired entry,,, that's the algorithim with 81% success,,we'll see...

1036
poss 3min ES bear HS here

1033
limit sell 25% of faz shares from 1507 at 1530 for 2% profit if filled

1030
i will short the BAC at 1350 if able, last 1325

1026
the setup on the faz 1503 has a 81% win rate (program trade if filled)

1025
limit more faz buy 1503 limit for an all day hold, if filled, last 1509

1020
i have a sell progr warn in xlf here at es 1081

1012
if ES cannot make 1089 today then good chance it will break under 1072

1011
ES either turns down here or heads to 1089, last 1084

1007
more faz here 1497

1002
this is still just a bear flag in xlf 60min daily to me,,,,holding the faz, currently faz profit roi is at 12% so no worries,,stops set to protect profit

959
ES under 1084/88 is bearish for me

958
bought back faz at 1512, shares sold 10min ago at 1% profit scalp

945
taking profit on 25% of FAZ shares (day not swing) for a quik 1% profit in 5 minutes

934
taking some faz early here for day,,,buy #1 of poss 4,,, at 1517

930
watcihng BAC reaction at 1320 and 1333 if it gets that hi

927
there is also 15min Boll Ban midpoint resist ES 1079, it just reversed lower off it,,,but if ES hurdles over 1079 then 1084/85 trgt

845
but i will remain bearish under ES 1088 until it breaks higher

844
60min ES does have a bull diverg that could push it over 1088, need to wait to see if it's strong enough,,,its a mild bull diverg not v v strong one

834
If ES stays under 1080 it would be v bearish, a bounce that is held there is bearish, over that could go for 1088 again and higher, last 1076

827
FAZ swing up 1% from yesterday, 14% roi so far,,,, BAC, Gold is about flat from yest but delining a bit from nightly hi to prob test its support from yest,minor

8:26AM
The ES did manage a marginal break over that "weak" downtrend line to make 1089, but it was unable to clear 1089 horizontal R,,, so 1089 is now an impt R area until it is broken. or more precisely 1087/89 R. A hold down at the 1084/88 area was the 9PM target last night,,it hit 1088 at 3 AM

Friday 8:25 AM
ES is likely to break the 1073 for the same targets as yest 1064/62 then 1051ish,,,,this will be a third test of the 1073 and #3 often breaks it, tho it IS on premarket/afterhours trading not 930--40pm


Thurs 11:44PM
interesting... ES has crawled up to 1084 in the last 7 hours,,,back to that 1084/86 resistnce area...will it be able to get over it during the eve lite vol session???

* 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".