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

350
SPY candle,,daily bear hangman,needs confirm close under todays low, on monday,,or a gap down monday

330
thus far, not very bullish for a low vol day,,,

322
TLT is moving up,,, at same time as spx, on 3min,,,TLT usually wins this battle, bearish spx

315
UNH re-short order limit 3534 from 105pm was filled,,,to reshort shares covered this morn at 34.78,, last 3538

314
ES 1144 resist held perfect first test,,,watching for sustained reaction

253
sell program alert still valid, es

249
msft whittling away to the 24.26 trgt,,,when that breaks will fall faster,,may not break today .26, watching,, last 2432

244
lots of R at es 1144, including daily 78% fib, boll band, prior highs, etc

228
by the way TLT closes today, we should get some idea of gap down up possibilities in SPX,,,setting up for gap down spx now but unconfirmed, half baked

225
MSFT sell program alert,,,, at 2442,, 2426 trg first then down hard in coming hours days

219
MSFT continues to look like it will break,,,remains at 2442 or few cents from low of day,,,whilst SPX rallies lil here,,,when spx


falls,,msft should crack easily
 
 
212
bac may want 1340/44,,will see,,,starter size

211
hmm changed mind,,,will take 25% size BAC 13.28 here short swing

208
BAC "early swing adds" with 25% size could work here..but i'll wait

206
BAC at resist here but not taking the short swing, 1327,, may pop higher to expand down channel

159
MSFT 2439 continues to hold as support but it is really taking a beating today there,, i still see it cracking lower

148
after  possible 1137.50 hold bounce then 113575

146
113575 ES trgt

145
ES sell program alert, for next 3--57 min at 1139 ES

141
FAS puts could work here,,,Nov 22 puts at 2.55

117
patiently waiting for swing short entries in csco  dis  axp,,,no entries yet,,,may not get today

105pm
UNH 3534 good spot for UNH short to add bak what sold at 34.78,, last 3520

1253
MFST continues weak....hugging this Low of day, and of prev 4 days,,,precarious,,bearish,, a break of that low should trigger more downside, esp since its been support for 4 -7 days now and tested n retested

1228
stop 25.80 for now in DBA ,,,will raise later,,,also may add more at 26.75 or 26.40ish

1225
i'm now buying back again the DBA here at 27.04, for swing in agricul,,, dba is 1x etf,,, DAG is 2x


for DBA but no like vol in DAG, too

low
 
 
1152
msft and intc not participating in the spx rally here,,,near their lows still,, UNH has popped back up but i remain short,, UNH is much more volatile up down up down last few days

1134
UNH doing v well on short,,, now down at 34.77

1123
next swing short will prob be DIS,,, looking also at BA   csco axp bac shorts but those dont' have setup yet,,, DIS seems closest ATM

1107
OIL getting more bearish now, CL :)

1106
3301ish vz possible so keeping a lil,,,maybe opp to buy bakc lower, or not,, limbo so profits taken

1105
i now only have 25% of vz left,,,stop at breakeven

1058
vz buy prog alert, small one

1052
 CAT is tricky,,forming a 15min bull diverg

1043
MSFT v close to breaking key daily support here,,,good for short msft

1035
vz long 3276 stop 3272 could work for adventuresome low risk

1029
stop on VZ raised to .71 for a free ride up,,,stopout will not give a loss

1020
took half of VZ off to lock some small profits,,,reduce sharesd

1019
VZ ran right thru the .93 target,,, usually will stall there, bullish

1017
i will hold at least half of vz to see if can break yest hi

1012
vz 3293 next trgt, last 3280

1011
i took an early entry since SCO is at algo support,,,but in the middle here so wide stops to start

1010
as


mentioned yest,,,CL may want

another $2 or so higher
 
 
1008
starting a new SCO swing here,,, with a 25% size only,,, this is an EARLY ENTRY, at 13.03

1005
this pattern is not developed,,,just something i am watching for

1004
this ES pattern will often paint a 15min temp bull harami setup for bounce,,,by 1030,, for holds longer than 1 hour not miniscalps

1001
15min long leg dojis show chop in ES until mr /mrs mkt decides direction

949
TLT moving up also,,,limited upside in spx, with down later

948
VZ breaking over the .80 target and resist, for higher trgts

939
yet but may get setups: swing shorts in BAC   BA  oil 

935
INTC hit 1948, one cent over the 1947 "add more shorts" target

931
WOW the UNH doesn't gap up with the spx,,,good for UNH swing shorts

FRIDAY
9:22 AM
Yest 3pm I had a 1144 ES trgt which wasn't hit before 4pm but was hit last eve. Watching now. ES bullish atm for higher targets.


FRIDAY
3:58 AM
ES up 4 pts
now but bouncing around some,
off its highs 1142.50 from 3am but
trying to climb again

ES 1142.50 is also algo resist, so a break over that could trigger 1147, 1150, 1153 trgts higher

THURS 530 PM
shorts are in INTC   UNH   MSFT which are weaker than DOW, so should do well if DOW falls, if DOW rises their upside should be limited

THURS 525pm
for me
there's acceptable risk in holding
VZ overnight,,, worst case is stocks
gap down or crash and VZ falls,,,


but the
short positions will fall faster
(profits) than VZ in that case, if
DOW wants to bounce, VZ should
do well as it is stronger  than the DOW



Thurs 4:55 PM
i'm going to keep a small VZ swing overnight long as hedge,,,against shorts in INTC   MSFT  UNH  ,,,also long TLT and VXX, interesting afterhours VZ trading


* 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".