Yesterday I mentioned a move down in TZA that should create a buying opp,,, the TZA has either hit that level or come close to it, hence the newly acquired TZA pre-market, this is a swing multiweek/months and will need to endure through whipsaw up down up down
906
if this short setup is confirmed this morning, then it is the same type of trade I did on April 22 short spx 1203,, ,, June 17 short 1120,,, so I've been waiting since June for an "add more multi-week shorts" setup,,,,v close to it right now
852
NOW
finally we are close enough
... added tza 3120 and faz 1379,,,
for swings
852 AM Friday
WOW
the CAT swing long short up to
69.85.... selling here 6875--6985
variable fills pre-mkrt
408
i'm waiting for the DOW to hit that daily DTL,,,around 10,567 now but of course it gets lower each way,,,, for a LARGE position trade to hold for weeks/months,, i'll also add swing shorts when the "add more shorts setup" presents,,, the "add more shorts swing" should come b4 the larger position trendline touch
400 pm
took 2043 on last 25% of fas,,,decent trade from profit from 1997
358
15min tza macd hist crossed under 0,,,maybe tomorrow we will get a nice price on tza as it moves lil lower on hist th starts to tick up
355
cat 6873 l;imit sell if able
352
fas stop .37
343
CAT is 22 cents from daily target and limit sell order
339
limit order waiting to sell half of CAT at 6896 if able
336
theres the new highs on xlf fas that i expected
0334
nervous fas would take the 29 cent profit rite here,, i'm taking 25% shares off and keeping 25% shares into the close
0332
i still see xlf making a marginal higher HOD today
0321
trgt revised to 6896 from 6900 for cat today
0319
2028 fas target but looking for it to make a higher HOD
0314
taking 1% profit on shares in UNG bought bak,,,still have half left
0312
2073/2090 is the 'real' fas trgt but taking whatever it gives,,,still have half of shares left
0311
fas has
re-hit the .20 as expected, last
.22
0253
cat trgt 6900,,,will take some off there if able
0242
i think the tza will be a nice buy on the next trip down on macd hist under 0 and then tick up,,, on 15min chart,, not today,,not yet
0215
taking another 25% off here fas for 23 cents profit on $20 stock
0213
CAT is now trying to break its HIGH of day, but took partial profits at the test near HOD
0210
taking 45 cents profit scalp on a piece of CAT,,,,holding rest daytrade / swing higher
0157
here comes 1084 break, i think, mentinoed 10 min ago
0146
es looks like it will break over 1084,,,last 108375
0138
limit buy fas 1997 just strenghtened,,,i'm already in but pullback still valid entry, last 2001,, for day only
0134
ES 3min looks bullish,, es 1083
0121
still early entry but trying it here, fas 1997,,, it baked for 15min,,,seems viable tho still early entry higher risk
0108
1997 would be early entry,,,i'm not taking,,sticking with CAT UNG
0106
agressive trade: fas 1997 could work
0104
needs another 15min to bake,,,xlf
0103
we might get long setup xlf/fas day xlf 1409 but not confirmed yet
1246
intraday xlf is carving out a pattern of "some down,,,followed by a go long signal after the down,,,no long signal yet
1242
i still have a 1095 es target as long as es over 1075
1237
cat looks like a stall at 6870 if it breaks 6850 grr more dribble,,,watching to see if can break HOD
1231
i just got a buy program signal on CAT 6826
1230
for holds over 1 hour,,,this looks like a bear trap right here,,,still see a pop up
1224
dont use faz for targets,,,its misagligned with xlf,,, xlf not at its aug 18 hi but faz at its 8/18 low,, faz should fall
1226
the xlf dribble up pattern on 60 min is bearish BUT it can dribble up for awhile,,, not finished yet,,,
1226
i still see xlf testing 1430 last 1417
1212
CAT 3min AND 15min BB very titely wound,,,bias for a break higher,,,unless it decides to put in a daily doji and move nowhere
1207
XLF buy program signal
1151
3min xlf is buliding inv HS bull pattern :)
1142
for swing,,even a lower low in ung should bounce at least back into profit zone
1141
conversely UNG has a nice bull diverg,,,strong enough to push it higher on 60min
1135
notice the rsi 60min es,,how it is range trading with support at 50ish
1125
UNG broke the 633 trgt with sufficient force to expect next trgt 644
1124
ES at micro supp 1082,,,watching to see if holds or wants 1075
1113
633 643 647 665 679 720 UNG targets with 643 and 665 the main initial ones,, UNG already hit the 633 trgt
1111
larger UNG positions can take a quik 1% profit here on some shares not all, at 1% profit since entry this morn
1101
CAT at
0.75% profit now, since this
morn entry, a stock not a 3x etf
1057
no shorts b4 reaction to xlf 1430 is observed,,and poss bull W,,, daily xlf
1056
xlf at 1415 looking like a test of 1430 will come,,,the 1430 impt level
1053
CAT is BREAKING OVER it TIGHT boll bands,,,usually v bullish, 15min
1051
10575ish is major dow R ....will prob short there if we get there,, for short to hold for weeks
1048
1084 ES is impt resist as its prior low,,,,a break over that with a 60min close over it suggests 1094 trgt, charts for now suggest it breaks higher
1046
UNG hit 618 or one cent uder 619 support,,,poss dbl bot and signif low still valid, recoverd to 630 with a hammer
1044
CAT is at its RSI dtl resist but stoch suggests it can break over it higher, 15min
1039
CAT interim trgt 6854 before 6950 first real trgt
1037
use the
3, 15, 60 combo together also
works great,,,let the 15 and 60 move in same directino n use 3min to time entry
1036
right now my charts say whipsaw with upside bias until broekn,,, so i'll just scalp long only till that changes
1029
CAT continues to consolodate after its breakout, now in a bull flag, with narrow 15min BB that point to a pop to 6950ish next, esp on a break over 6863
1018
poss DOW longs to hedge when entries r right: CAT ko pfe cvx dd t vz,,, instead of DIA DDM i'll use a mix of those stocks and they should outperform the DOW or DDM DIA etc
1014
CAT approx trgt 69.50 first, then higher, more precise trgts later,, CAT is newly broken higher from rectange so some whipsaw expected and ok
1013
faz near 1468 at 1478 but i have no swing buy signal for faz (short finan)
1005
cat order filled
1005
CAT lim buy 6805 if filled last 6816
952
faz i'm still watching the 1468 area to buy, but my limit buy from yest is CANCELLED for now,,,will watch action, that was good only for yesterday
943
taking starter positino in UNG 6.26
Thurs 919am
the 60min bear diverg on ES appears weak to me, given the opposing bull flag, tho i still don't have an "enter long all day" setup
Thurs 3:32 AM
multi-week trading idea: short
DOW at 10,400--10,500 with
target 9200--8700,,,
simple trade: short at its daily downtrend resistance line and cover at the DT support line. We are not yet at the resistance line, which is why the 10,400--10,500 or exact short area to initiate is not yet known.
this would be a multi-week hold, and not straight down of course, so would need to endure through the bounces up.
Double click the chart to see it full size.
* 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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