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

455
afterhours,,, SPY bear down wicks 11675,,,csco bear wicks to 2309

453
eem daily:breakaway gap, 2 contin gaps,,last gap looks exhaust gap,, island top poss

359
the action all day today,,to


me,,, it was "bear rising wedge"

action,,, yet what we saw was

sideway,,,, seems bearish indeed,
 
 
354
HD hit its .70 trgt from 131 pm finally,,tho i exited under that,,,, .77 and .86 were next trgts,, it made it but it struggled on the way up,,,not what the setup called for, hence my early exit

352
or how low it goes on failure to hurdle

351
trying to trigger short stops csco .40,,,unable to push it,,, watching how high it goes if they can get over .40

349
low daily vol on csco during its gap fill from 8/12.....bearish

339
dow down .34%,,, spx flat,,, dow more bearish daily candle

335
also look at volume on DX,,, high vol,,green bar,,, dollars going up,,also bull hammer

333
bullish DX canlde, and sitting rite at resist,,,bullish dollar,,,bear euro bear spx swings

321
DOW is weakest on daily of spy qqq dia

320
qqqq at risk for a gap down on monday, but not strong enough setup for me to trade

319
if it were 2pm not 318,,,program autotrader would short the qqqq here 5123 but too close to end of day so wont fill, for swing ,,,or hold for


hours,,,mayb monday
 
 
 
313
bearish into the close but no new LOD is setup i see now

308
further the euro intraday is weakening again

307
also could change in 30 seconds,,,but atm sellers are "crowding" the .40,,,that is selling under it,,bearish cuz will not allow retest of prior high

306
that sideways up bias setup,,is now gone, to sideways neutral intraday fwiw

303
still have HD trgt intraday,,,just dont wanna risk it,,but its a 70% confid up,,not high enuf

303
i dont like this HD,,,exiting it here,,not worth it,,, 10 cents profit,,,ruh rah weeeee big deal :)(

257
changed my mind,, adding more csco shorts here,, 2336,, short #2 of poss 4

255
i will wait to add shorts in csco,,,either at higher or lower unknown,,,but if didnt have shorts i'd enter first piece here

254
2236 csco looks like nice short spot,,, could overshoot .50 but its in a bear rising wedge, n the wedge is inside a downtrend, dailys

249
also,,,part of todays POMO likely also went to stop TLT treasury crash too,,hence the limited up in spx

248
LOL intc so weak it wont even give a decent "add more shorts" setup,,,mayb mondya it will,, still 50% short intc swing

241
still could headfake 1175 es,,, decent R there

239
notice that EEM is underperforming spx,,,unusuall as of late

233
there it is,,, ES hit the 1172 trgt again, from 1 hr ago :),, stoill have 1175 poss

219
CSCO breaking higher as expected,,,

218
still have this same setup for last few hours,,,sideways up

210
still have the HD limit order to sell longs, unfilled, same trgts, may need to lower at 3:40pm

207
its v tricky here,,,like "no mans land in tennis",,,between baseline and service line

151
heres that bounce we expected, es,,,still have



the sideways "irriation setup"
 
 
 
147
intraday ES  bounce setup here, b4 lower, still

146
i "think" oil will break lower then bounce to add more shorts (not bounce tday) and then finally down hard to lower targets

139
HD long scalp outperforming the spx,,,hd making lil new highs on 3min,,,same target

131
HD looks like interim trgt .70 b4 the other trgt 3077 3086 intraday

131
glad to see csco moving up as expected,,,still waiting for short entry #2

124
es has coiled as expected,,,still have this sideways up bias intraday scalp only,,, vs swing short

108
oil looking to breakdown more soon

1259
i still see sideways up drift for now, es

1259
an spx close under 1173 pref under 1170 would be bearish

1254
3077 and 3086 are intraday HD trgt so set limit order between the 2 at .83

1252
chart still says more up in ES b4 down intraday,to me

1245
3077 is HD scalp trgt,,,last 3060

1244
just hit 1172 trgt from 20 mins ago,,,still sideways and 1172 again mayb 75

1224
see more es down, but es up to 1172,,,maybe 75 trgts first

1222
CSCO and INTC--- shorting a stock in a daily uptrend but in a weekly downtrend,,,just like bac,,, those explode lower usually,,,bear flags :)


1215
hmm this HD scalp a lil problematic,,,modified 3/5 methods bearish on 15min with 7 candles lol,, holding for now but may exit soon

1212
oil broke the mini support trgt of 8173, last 8147,  still needs lower to confirm "heavy selling" toward the 78 and 72 targets

1210
OIL is waking up now,,, falling :)

1209
EEM weaker than spx,,,this is unusual, intraday,,,its made a lower low intraday,, eem leading down in coming days?

1206
EEM is falling nicely too

1203
the es is likely to begin coiling now

1159
shorts
careful here scalps..poss bounce es
they may trhow pomo to put a higher intraday low

1147
THAT etf is only good for swiings not v good scalps cuz too low volume

1147
looking for re-entry into etf CORN

1137
may want 2340 or higher, unsure

1137
CSCO at 2325 "reshort area" but i'm waiting,,,should do sideways or higher first if doesnt turn down here

1135
ES 1173 resist test,,,64% to break higher

1132
also watching bac 1218 to see if prior support is conv to resist after its plunge to 1175,,,last 1212

1131
patiently waiting to add more CSCO shorts,,, still see it doing 2120  2035  1975  frist swing trgt,,,then 1500

1103
LONG scalp in HD 30.54, scalp only not swing

1044
i'm going long UNG 575 here stop 560/545 for now

1029
in coming days,,,i expect and csco to act just as BAC has acted,,,,with hard falls down

1024
vxx now at 4% roi,,,that thing does move fast when it moves

1023
EEM support 4630, watching to see if bounces there or breaks, last 4646,,still short EEM

1021
BAC is a mess,,,1186 last :),,, too bad i only have 25% shares left

1014
taking 25% of vxx off for quick profit here as it tests yest hi,,holding 75% for much higher,, 2.75% profit since last eve 5pm-ish,, swing trgt 1750ish

1006
WOW ,,,bac broek 12..18 and a quik fall to 12.00

1004
BAC now hit the .18/.19 trgt,,,would be v surprised if doesnt hold around here,,,bounce maybe,,, mid term targets much lower tho,, if it doesnt hold here it could fall hard

958
COVERED BAC here at .31, last .30,,,instead of .20,,, will add more later if able,,, to lock profit, now only have the 25% size short in BAC in "mid term hold account" to hold multiweek months

958
newly acquired VXX up 1.8% roi now,,still see higher

954
bac will give 11% and 9% profits at .20 (shorted 2 levels)

953
limit cover bac 12.20

950
BAC trgt 1219 and 1227,,,hit the 1227 just now

948
i am red now -1.2% on csco short entry #1,,,will look to add more csco shorts today tho,,,still valid trade setup,, INTC and BAC r very green, BAC 8% roi atm

940
BAC acted just as expected yest, lil pop this morn followed by lower low, it broke yest low already,, it should fininsh making lower low then bounce again, next bounce may be larger

922
IF the es
stays under 1175 it will remain in
60min downtrend,,,DTL is
1175,,,resist 1174,,, but ES will
simply follow the euro,

that may
be asking a lot of es to stay under
there all nite


759
looking at CL oil 15min,,,poss start of 5th wave down,,,where the 5th wave will be extended instead of the third,,,due to influence of DX and euro on oil

THURS 752pm
Russell continues stronger than spx and even ndx,,, for ex ES down 0.1%, ndx up .25% and TF up .4%
 This is prob due to financial components within SPX, finan been weaker, esp XLF  JPM  BAC

* 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".