Thurs ramblings

1135pm
look at June 22 and 23 ES candles,,,then look at today and yest candles...look familiar???? more downside expected

0506
there r no bull divergences so i


expect any bounce to be small,,, we need to make

a lower low in price with a higher low on macd/rsi

to set up a "real rally",,, that chart pattern to me means "short the bounces" not "go long"
 
0447
i will be watching 1088 SPX,,,,under 1088 is v bearish for me,,,,it held as resistance today when it "should have" broken higher

0441
usually but not alwyas,,,the "first" sideways move will continue in the direction of the previous trend, in this case down spx,, spx has a type of bear flag now,,,looks like ES had a bear flag, broke lower, and backtested back up, and now i expect down

0436
the qqqq put in a bear continuation pattern today candle,,, on neck,,, for a pic see
http://www.fxwords.com/b/bearish-in-neck-on-neck--thrusting-continuation-patterns.html

0401
well that was fun but also


exhasuting day,,those T trades were a dud
 
0358
i'm taking 10% profit on half of BAC puts,,,holding rest, and holding the BAC swing short now up 1.63% on direct stock


0350
so it should do 3522 now not .18 if .16 breaks

0348
TBT missed my 10AM target of 35.18 by 2 cents twice today,,,,made .16 grr,,,, still holding it till the close

0339
the 1084/86 is proving stronger R than i expected,,,it is only MINOR resist on a shallow trendline,,,bullls should have been able to break this already,,,inability to do so shows bull weakness to me

0338
the es chart still says "sideways with poss up"...but tug of war between 15min 60 and bear daily

0336
swing shorts can be taken in BAC here 1318 but must be prepared that 1350 or 1370 is still bearish,,so a scale in position or a wide stop

0333
ES now back at 1084,,,has had trouble getting over 1084 86,,,but if it breaks it will trigger buys higher

0332
TBT already made new daily highs,,,spx has not

0331
TBT still doing good tho and not



stopped out yet,,,
tbt should outperform the spx if spx goes up

0326
i just took a 2 cent loss on T,,,,it should move up but just not worth it,,,still have the TBT scalp unstopped with stop in the profit zone

0325
grr this T long just is not working today,,, i'm exiting here ,,, 2nd try on T

0323
T prob wont surrvive another hit down at .60, which is why i tighted stop

0322
T should move higher but it is having trouble here,,,hard to get a good read

0321
\2657 stop on T for now
 
0319
raising tbt stop to 3497,,,want the extra profit $$ if stopped

0317
stop 3493 on TBT to guarantee lil profit if stopped on 2nd half,,,took first half profit already

0314
taking 25% more TBT off here for 27 cents profit

0311
above the mkt T 2684 should pop it to the high of day

0310
if 1084 breaks should get at least 2 pts higher,,,why i havent reversed short just yet,,,still have half of long

0306
i'm not reversing short yet here at es 1084,,,,hodling on a min

0305
the ABOVE the mkt long scalp in T also trriggered


0303
taking off half of upro long here at 1083 es from 107975, for a 4 point ES profit

0302
TBT buy program warning,, if it kicks in it should pivot it to its target

0300
.i intend to prob


reverse short 1083/84 from the 1078.75 long
 
0258
i'll close some upro long spx at es 1084 for 4.25 ES pts,,if able

0255
taking a quik 20 cents scalp [profit on 25% of tbt shares rite here,,, 3 minute trade :)

0253
the ES above the mkt trade also triggered long

0251
doing scalp TBT 3480 stop 3471 here

0249
above the mkt 2674 long T also,, last 2672 (already in T)

0246
ABOVE the mkt,,,at ES 1079.75,,i'll scalp long via upro

0240
1079.50 ES short could work,,,watching if it hits that

0238
ES has just broken the pennant to downside,,,a lil pop up backtest would be ok normal,, followed by more down

0234
now the ES is in a dangerous 3min bear pennant...see it???

0224
look at June 22 and 23 ES candles,,,then look at today and yest candles...look familiar???? more downside expected

0221
BAC puts up 12% roi,,,, BAC direct short at 1.4^% profit,,,still holding for now


0219
the 133t on TBT has a nice bull inv HS

0215
wedge trades often appear to be "against" the trend but in reality r not

0214
wedges are fun to trade because they usually trap the bear or bull on the wrong side, so entering them can be profitable

0214
now T has finally broken the 3min bull falling wedge,,,watching to see if it can go for the 2705 trgt

0211
i'm not sure if T can hit 2710 but if it does it could soar nicely,,,similar to what KO coca cola did on last months trade

0344
that failure at 1084 was key---still is...again it is weak resistance and should have broken higher

0209
the smallest move up is being magnified in the TBT

0208
the hedged longs T and TBT are doing their job moving up,,,BAC short continues down,,gold continues up,,,FAZ swing long short xlf is still valid just jumping around

0206
1070 isnt real supprt.... 1064/62 and 51 are,, i still have those trgts

0205
or, what ppl often call "consolodatino"

0204
earlier i was mentioning dojis in middle or start of move being continuatino,,,vs those after extended move as being reversal,,,,, today's FAZ doji is a good example of a continuation (up for faz) doji,

0201
the BAC puts are up about 8%....should see 40% on those

0158
i have a "short the rallies" signal


strongly now...but no new short entry,,,for the

indices,,,,individ stocks can be shorted now

0148
ES "should" pop up 2-4 ppoints


here,,still see more downside later,,,inability to

popup would be weak, to me
 
0141
BAC continues to deteriorate and not particapate in any spx rally :)

0137
back in T at 2673 long

0124
ES is holding that same Downtrend line we mentinoed before,,,1086ish,,,now declining R is at 1084

0119
and if tbt doesnt hold .93ish i will exit on a pop up,,,,that would be breaking the support trendiline

0118
now...T has formed a bull falling wedge 3min but no valid reentry long yet

0113
ES should still see some sideways for a lil...may [present a short opp soon

0109
TBT made 35.15 just under the revised tbt trgt 3518
 
0107
TBT is short the TLT treasury bonds

0107
TBT can move up even if SPX goes down

0103
there it is,m,,,tbt broke 3500

0101
tbt mini breakout expected in next 16 min

1253
the ATT trade premise was a buy at support AND break of resist,,, the resist break was stalling too much so i exited that one

1252
well glad to be out of T,,,now at 2671,,,unsure if long opp will re-present itself again,,,no new entry yet

1250
ES chart still says more sideways or up,,,no new short entry yet for holding longer than 1 hr

1245
revised tbt trgt 3518 not 3510

1244
TBT testing it high of day now,,,i expect a breakout higher

1242
3510 tbt trgt first

1237
and 1081.75 is support coil 3min

1234
1083 is current ES coil resist,,,watching to see if it breaks

1231
1089 is the target if the coil breaks higher,,,a break lower target is

1225
ES 3min is now coiling triangle

1222
if the VIX moves up,,,even better, since premiums are higher when volatility is high

1221
but they usually expire worthless so i keep the whole premium (100% roi)

1220
writing naked puts calls,,that


puts the time decay in my favor instead of against

me,,,,melikes,,,one drawback---the max ROI on it is 100%

1216
i'm also looking for a BAC entry to WRITE (not buy) some naked uncovered calls,, i will likely do that at the same time that I add more BAC shorts

1211
but...we havent even broken 1086 ES yet,,, v bearish unless it breaks over that , for me

1157
i am exiting this T at breakeven here,,,somethings not rite

1152
tbt chart suggests a minibreakout here to 3515/28ish

1149
taking some tbt for scalp only here 3488 stop .60ish

1135
1085/86 ES has mild resistance via 60min shallow downtrend line,,,watching to see if that holds and forces another lower hi,,,or if bulls can push it over

1123
AT&T is trying to break higher for the 2607 target,,,last 2690

1122
BAC could hit 1350 even 1370 and still be bearish for swings,,,,watching,,,last 1317 and unable to move up today,,,but interested in shorting anywhere 1300--1370 depending on charts for swing

1114
my charts suggest probable sideways in ES here with maybe a lil up,, then DOWN

1110
i just got filled on the 2680 fill for a scalp on T long, additional shares but T is tricky now,,watching it

1108
right now 15min says "poss bounce in BAC",,so does 60min

1107
i dont plan to add shorts in BAC until the 15 and 60min charts settle down,,, i use the weekly daily 60min 15min 10min 3min combo for swing entries

1104
still looking to double my BAC position but no swing "add more shorts" entry yet,,,, likely wont come for next hour,, the additinoal shorts could be either above or below 1325 and still be "valid"

1102
multiple dojis in the middle or start of a move---move will continue in that direction....but mult dojis after move has extended,,,move will reverse,,in general,,, there was lots of time to short


those dojis in spx
 
 
1052
when XLF turns down then BAC should plunge faster than FAZ rises

1050
BAC doesnt care about this lil pop in spx,,,bac continues down short,,,T continues up long

1048
T has a mini bulll dbl bot in 3min that project to 2705ish

1044
i will buy more T limit 2680,,,good for next 15min only,,, stop in T is 2646 for now

1041
T target is 2708,,,simple trgt of the prior HOD,,to watch reaction....may take partial profits but my work suggests good chance it will break it higher

1037
doubling the T position now,,,buy #2 of 4

1032
this time,,,BAC may not hold the .16 support (close to where i covered 25%)

1030
i beleive they will use T to hold up the dow from a crash,,,hence my hedge in T,,,charts suggest this,, other DOW options include INTC VZ DIS DD CVX but i'm not watching those ones

1025
i am hedging via LONG in T now,,,2680,,, buy #1 of poss 4

1008
last bid/ask is .49/.51

1007
taking some BAC puts here at 51 cents cost,,, entry #1 of possible 2 buys,,, sept 13 puts
 
1001 AM
take the esay 1%

1001
i'll take 25% of BAC shares off here to lock 1% scalp profit,,,it should bounce here

958
i'll play around with BAC puts for a scalp tho,,,,going to scalp via options on 1325/30 hit if able

956
timing on the bac is tricky for oiption play, since BAC is at or near a YEARLY low now,,, target is 12.21 in 10 days,,,but my other trgt is $8 in BAC in months not days

952
BAC high of day might have been the first target 1331, unsure,,,may want 1350 but i'm in short for now

950
doubling the BAC positino now,,,short #2 of 4

947
limit short more BAC 1349 limit, last 1332

944
i am SHORTING the BAC here at 13.27,,,starter position,,,short #1 of 4 poss,,, expect it to go hhigher but entering here at premium in order to participate

939
looking for a spot to re-short the BAC

938
agreessive traders could short the xlf when the 1min 14,3,3, stoch hits over 80 and reverses under 80

935
1080 ES is still Resist

931
since i'm here at the computer, i will not auto-sell half of faz swing at 1611 or 1603,,, i'll watch reactions,,, now i see a poss 1621 LOL

929
i'm looking at 1064/62 or 1051 ES targets,,,1051 depends on 1064 reaction,,,,as long as the DTL resist line holds on ES 60min

922
in coming months not days,,, my XLF target is near $10 (ineaxact),,, last 14.20,, or 142% decline xlf,,, faz will triple that

913
GOLD is also rocking thus far today :)

856
my es targets are 1062/51ish depending on 62 reaction....i will likely hold this faz for weeks,,,taking profits on some then re-buying, but always keeping 25% of shares for weeks unless 25% stopped

832
1080 ES held, last now 1076 on the way to lower targets and then stall/intraday bounce

820
ES has resist at 1080 3min chart,,,watching to see if it holds it down, last 1079

8:12
ES has a bear HS pattern 60min that points to 1068 on a break of 1078,, my next daily target is still 1062 for ES (under the 1068)

8:01 AM
Newly acquired yesterday's DGP gold is up 1% pre-market.

FAZ swing is up 1% also,,, 13% roi profit thus far,, FAZ daily target remains 16.07 for today with stops stalls in between, 16.48 next target after 16.07. I will likely try to take some profits at 16.13 (over 16.07) and then buy back those shares later.

8:01 AM
Good morning

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