friday ramblings (and Thurs eve / Friday pre-market ES Futures)

414
coverd intc shorts 3 cents from low of day :)

413
sco never made the 1515 buybak zone only hit 1530isyh

404
down a little, bounce, then down hard, is what my charts say,,,,not down hard all at once

358
last tza scalp a dud,,, 10 cents or 25 cents depending on which entry, i will hold a little scalp afterhours to play around,,,not much shares tho,,,low vol AH

348
2990 tza today now in question,,,time running out

345
DVN and UNH short setups still valid

341
ah look at that 15min last tza bull hammer,,,could get the targets scalp today,,,

335
have limit order to sell half of tza scalp 29.90 if able,,, keeping swing tza still

314
on the later day vol now, looking for the 2990++ trgt tza not 2971,,,the .71 was slower earlier day trgt,, swing targets much higher of course

306
We've had some whipsaw,, crazy up down, interesting thing is my charts say that bearish case is bias, and that the larger move is several hours away, maybe  3 days, so any wild downside now will be even more if the bearish case triggers,,,such is the nature of this chart setup IF IF IFit triggers, no confirmations yet

251
hmm,,,autotrade just starter tza, at 2930

248
also tza


trade could be: wait for 2950

then buy limit 2935, i "think" the auto program trader has something like that in mind,, i programmed the autotrading algo but can't predict it right now

223
tza needs 2951 to break the 2min scalp DTL,,then pop to higher scalp trgt

216
if sco hits 1513, might be spot to buy, unsure

153
trying for 2991 scalp from 2950,may need to settle for .70,,,prob stall .70

151
grr


missed the tza again,,,,paying

premium .50 not .46, in tza scalp 2950
 
 
148
1558 limit sell filled,,,still have 75% shares on the sco swing

146
oil short



via SCO just hit 1562, over its


1558 trgt,,, next 1617
 
 
138
missed my limit tza by 3 cents ,,,wont chase but will keep ordr open for now, in sco from 1400 and 1501

134pm
taking limit tza 2946 for scalp if filled

1255
today, rut has already tested and pierced wedn low but needs close under it

1200
taking



6198 DVN short instead,,,can



always add more later,like


setup here
 
 
 
1155
i will short sell DVN limit 6209 if able,

1147
covered intc here, breakeven intc,,still see lower intc BUT there are other better opps, so will re-einvest e;lsewhere

1142
i will cover intc 1863 if able, last 1876,,may need to cover here,,, intc will only be breakeven not profit, entered more intc yest at 1895 but avg short basis is 1870, so small profit/breakeven

1139
other sco swing trgts: 1558  1617   1650ish  1700ish,,for about 13% profit target sco

1137
from this morn entry, sco could take 2.6% profit here, or wait for 3.8% at tnext trgt 15.58

1054
intc 1877 trgt b4 1860, last 1884

1038
if intc breaks 1880 then 1860ish trgt

1032
yest xlf


had bear harami, and today

another "almost" bear engulf candle thus

far
 
1011
sco next trgt from 1500 is 1550ish now,,last 1525,,,should stall 1550, no stall would be v bullish

1009
tza 3030/3045 could also work here, bought bak for 40 cents less than sold few min ago

1008
LOL...when OIL is easier to trade than RUT/tna/tza/twm,,,,that says the rut is crazy volatile

1002
tza at 3082,,,tested the 3086 wedn hi as expected,, took 25% shares off there as it hit target, with 75% remaining, for 4%ish roi

1001
taking some off tza here for 4% overnight profit could work,,,

951
1121 is both horiz support AND trendline supp on ES, so break/hold there impt,, then another trendline supp 1116, and 1113, 1108 supports,,, bears need a 60min / daily close under 1108

946
: the


support line on the channel is

less reliable, so break under

1121 wouldnt be enough to

"break" the trendline,,, some wicks or moves below would still not break it
 
 
944
1121 ES support and bounce likely,,,,the ES up channel is v v relaible,,even last nights 1133 ES high did a perfect touch of the trendline without needing any "redraw", so the up channel remains until broken,, charts do suggest a break lower in it later

941
i still see tza testing wedn high, and breaking over it, tza swing still green

925
still looking to add more OIL shorts swing to existing pos,,,, CL getting close to an "add more shorts" setup

922am
since may, charts have shown range, which means both long and shorts made money, not only long,, 1044--1131 range... but note that 1040 was pierced lower to 1011,,,while 1030 has not been pierced higher,,, so even 1160 would not get spx out of this range (30 points higher), and more R at 1174 spx

* 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".