Monday ramblings / ES Futures Sunday night

505
sold half of sds 2775 from 2760 to reduce risk,,holding other half

448
sds now almost at its high of day :)

442pm
spy wicks AH down to 117.60


IBM
beats expec yet its shares fall AH,,, 137.50 vs
14283 close,,, IBM just
wiped out 8 days of gains in
15minutes,,,



327
if euro doesnt hold here,,spx likely to fall,,,euro moving down faster than spx atm,, euro chart still bearish to me

303
TLT moving up along with spx, bearish for spx

252
csco intc remain weaker than spx qqqq,,,, csco aat 2330 now vs 2350 HOD

234
adding more sds 2748

221
divergence bearish: euro lower hi vs spx dbl top 60min

217
these zzzzzzzz periods boring,,,but the breaks can be explosive,,tho prob tomorrow is the larger move

214
EURO looks like it could start to weaken here, up at R as it backtests yest move down, if triggered then weak euro is bearish spx

208
thus far,,,csco resist has held n turn bak down :)

207
still has horiz support below

206
LOL es broke the 3min uptrend line but doesnt mean much in narrow range,,but its broke,,maybe at least get some action n

158
csco broke wedge lower now backtesting,,,watching to see if stays uner 2338, last 23333

157
ES is testing this mini UTL support now on 3min

147
we are between the tennis service line and baseline, no mans land

146
60min ES suggests lower but this has been just draggin on n on, 60min does not rule out higher hi b4 lower, sideways still


142
this is crazy low volume zzzzzzzzzzzzzzzz


132
aapl hit its 315.00 target and bounced as expected

1234
csco weaker, cracking, not broken yet but crakcs as expected

1207
euro is at resist again,,watching to see if holds or not

1206
OIL is now retesting intraday resist, bak 8350

1141
eur/usd is in a sideways a bit longer, then lower setup, intradya

1140
i have a "stay short day" setup still,

1139
then 1168

1138
2 point es drop setup, expecting 1172 from 74

1134
low volume today

1129
*563

1128
adding UNG swing, 565, buy #2,,, avg 570

1121
3min ES dbl top


11120
also,,if intc hits its lower targets, a bull diverg will form so likely cover most shorts and look to reenter on bounce

1119
if 2335 holds then 2350 possible else lower,,,

1118
csco is now very near to breaking the 60min wedge, for a fall to daily wedge support expected

1114
limit order sell scalp piece sds, 2808 if able

1113
2808 sds trgt intraday to take scalp profit from 2766 if able

1111
IF the euro holds resist than spx likely saw the high of day there,, hence my added oil shorts

1110
as the euro hits resist,,,oil and spx pullled bak

1109
intc broke support,,next trgt 1890ish (dtl) then 1875 in coming hours day

1103
12.72 sco avg now

1102
i am adding sco here for oil short,,now 50% size,, at oil 83.55 /cl, and at euro resist

1059
EURO is now v close to resist,,,watching to see if it holds it down,,,expecting it to hold down

1053
csco is in a 60min bear rise wedge, which itself is in a larger day bear wedge, with 60min bear diverg, hence the "added more shorts", and a weekly downtrend,

1048
EEM continues weaker than spx again,,,mayb leading indic of lower spx tomorrow

1045
INTC close to breaking the 1910 support, last 1911

1042
if i werent already in csco short,,progr trader would short it here, 2345 swing

1027
program autotrade, in sds here half size,,, 2758, or 2427 spxu

1025
toady and wedn are pomo $$$ days,,,tomorrow is not

1022
adding VXX swingt here 1438, avg 1446

1003
limit sds 2742 if filled, last 2758

956
still looking to add more shorts to 50% intc pos,,,won't let me in,,last 1914 from 1930 hi

951
still swing short oil,,,still valid trade to me

937
shorting spx here via upro 167.00, for scalp swing combo

803
EEM down pre-mkt at 4626 from close 4672 friday. this is below fridays low 4638 and marginally below gap support 4630, but since its so close to gap support we need to watch reactions at this level,,marginal break only that needs bear confirmation still

INTC is lower
CSCO is lower
Oil is lower
EURO is lower



All above is good for short positions

803 am
euro broke the 139.13 support as expected, hit 138.55 and bounced but remains under the 139.13


953

ES testing
impt support not 139.13,,, charts
suggest break lower



953 SUNDAY EVE

poss gap down on monday morn in spx,, maybe
1170 spx,,,even 1163 spx could
happn


* 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".