Thurs ramblings (and Wedn eve ES futures)

451
buying a little VXX here AH,,, 14.52,,, stop 13.87 for now,,

425
oops...got stoppped out of dzz at 8.46,,, last 8.44 AH,, that was a loss,,,stopped



at low of day,,hate that grrr


423
LOL tza down at 2220,,,glad to be out of THAT for now, lil 20 cent profit better than loss

420
the smaller chakin diverg on 10/8 and 10/13::: maybe 1184 spx was"it" for now

418
chakin bearish divergence again: from 10/8 and 10/13 spy highs,,,warning lower ,, also huge diverg since July and also sept on chakin, obv, mclellan, etc
 
401
upro hit 166.35,,,or 5 cents under the 1pm trgt 166.40 :) ,,, but i didnt add swing shorts since i raised the price

353
1172,,1175 next R  in es

348
EEM,,,island top?????? shorted up there

341
from 1:50 PM

335
if spy can rally high enough aftewrhours i might short some of that directly,,,, volume on spxu upro too low afterhours,, else i'll wait

329
nice bear flag csco daily, since sept

327
csco puts could even work here,,,since csco is at a high "bounce" within multimonth downtrend

319
if qqqq and dow fall, then CSCO should outperform both, i believe, so proxy for shorting the dow n qqqq

319
chose csco cuz right into DTL from may decline

311
i am swing shorting CSCO here,, 2290 to start, stop 23.67 for now

259
already have positions in following so no rush to add more spx shorts:  short bac, eem, intc,,,, long euo euro short,,,short gold via dzz,,, short oil via sco

256
i'm raising my limit order spxu to 167.90 short from 166.40 for now due to lateness of day,, prob wont get filled but that's my swing short level for now,,,,much lower risk, else look for opp tomorrow

252
WOW look at that bullish vix,,,v bullish

243
hmm covering more BAC here,,,now have only half left,,,,unsure up or down so locking more profits, 1250

230
spx short limit order not filled,,,trying to short into headfake up but not getting a fill, for now,, due to recent strength of bulls i only want to short the "extremes" for now in spx,,and use individ stocks until spx stops this sideways

225
INTC has not presented an opp to add more shorts, yet :(,,, still have a half size INTC short trade

225
in a perfect world,,, BAC would stay under .60 while ES rises to 1168/72,, allowing keep BAC short then add SPX shorts at higher levels

215
xlf 1445 and 1434 trgts

214
still see weak xlf since yest,,,tho a bounce tomorrow or day after likely,,, could make marginal lower low 2m then bounce

208
ok just hit 1246 while typing :)

206
1246,,,1233,,,1219

206
last bac 1251, sitting on low of day,,,looking for the marginal lowr daily trgts posted b4

205
BAC down is getting tired,,,still see lower but watching carefully to cover another 25-50% of this today,,,already took 7.5% profits on 25% of shares

158
upro is 3x,,,wide stops needed,,,,stop is over recent ES hi 1181 (swing trade)

156
stop over 171.25 if filled

155
instead of spxu,,,i have an order to SHORT the UPRO at 166.40 limit, last 16576

150
i'm shorting 116950 if able, es

141
1170 ES trgt (steep trendline),,,under 1170 ES v bearish intraday

133
only a 20 cent profit,,,this is more of a "take the gift exit" then "take profits exit"

132
i am exiting TZA rite now,,,small



profit only,,,other better areas to


put this money for me,,, tza prob goes higher but just not good enough, imo
 
 
127
bulls have been v resilient and we r right at v impt key support

124
also if xlf


breaks lower then BAC might

come under intense pressure as

its even weaker than the xlf itself
 
122
1167 ES has broken,,,now under 1164 needed and that may create heavy selling, 64 likely


to hold or sideways on first test but bounce may be anemic,,,watching reactions at this v impt support level now
 
 
119
charts suggest faz break higher, xlf lower

119
XLF testing support,,,v precarious position now, still see weak xlf as posted yesterday

109
now tlt has a huge 3min bull hammer LOL

108
 chop setup still in effect,,,,tricky here long n short both atm till resolves

102 pm
big drop right here in tlt,,,mayb spx bounces,,,tho drop to near tlt support,, "chop whipsaw setup"

1248
as we expected,,,tza made the 2281 trgt on that break of .67

1245
about 7.5% roi on that piece of BAC

1243
i'm taking 25% of BAC profits here,,its at trgt

1240
BAC supports (and down trgts) intradya: 1250, 1246, 1233, 1219

1238
1246/53  BAC just filled a gap here,,,so taking some off to lock profit could work,,,

1235
1070 in weeks not hours,,,with up n down along way

1234
spx swing trg on a close under 1170 spx: 1070ish,,,need to chek trendline

1238
BAC just hit its new low trgt 12.54

1226
still see higher in CORN etf but too risky to re-enter, had nice profit run 3075 to 3703 or 21% in 5 days

1222
in coming hours days, i expect oil to mirror euro action, and oil:us dollar inverse

1221
still have sco, short term bearish oil, tho its more neutral atm,,, stops set over prior oil highs (under prior sco lows 11.83 for now)

1217
tza 22.42 limit could work nice if it gets a headfake down, last .61 tho currently stable over .50

1202
tza 15min ideas: if not break higher here, could do a bull cup handle for 15-180 minutes

1149
tza hit .69 trgt,,,watching for .80 test then stall then higher

1148
ES no boujce here is bearish,,should bounce 1172

1147
*.69

1146
tza 2267 should give 2280 test, last 2263

1139
1254 is marginal new low trgt on break of curr low of day 1261, but no plans to cover half before 3:55pm atm

1137
BAC may want 1256 within 15minutes,,,not tradeable but just obswervation, last 1263

1134
tza needs to break over 2285 to get any upside accel intraday, last 2246

1132
*more clearly seen in 15min chart

1132
tza "might have" just put in a higher low, finally, in 60min chart,,,but no confirm yet

1130
tza continues to lag, but when it does break higher the move should be more explosive than faz spxu, hence the small tza position

1127
ES 1169.50 trgt down, should hold first test here, 15 and 60min still fighting

1118
AXP is another dow compon that may present a short opp,,,, long opps may come later but dont see any yet for me,, axp not ready yet tho

1105
msft reports oct 28 and is also a poss sswing hort but no setup yet

1101
i have a limit order to add MORE short in INTC 1963, last 1944,,,dont think it goes that high but will take more on a pop,,, may still short 1950ish but waiting on that # for now

1054
FAZ wont move as dramatically as tza, but still 3x faz is also better setup imho, but i'm trading BAC short instead of the faz being that BAC weaker still, tho more risk in BAC individ stock than faz skf

1053
atm vxx,,,bac,,,intc all better setups than tza,,,so less shares in tza

1052
VXX may get a swing buy setup finally,,,prob needs another hour to consolodate and form setup, none yet but close

1045
BAC 1290 trgt,,mayb short there

1043
BAC is on a "short bounces setup",,same with intc,,, BAC should move lil higher over next hour or sideways, last 1278

1041
ES 1174.50 resist test

1031
1283 BAC short scalp could take profit here 1269 temp support, still see lower low tday but thats scalp trgt

1029
with a protect stop above high of that day,,or above last signif high (1185/87 spx)

1028
trading idea: when spx moves OVER a fib like 1173, a swing sell signal triggers on a reversal back UNDER that fib,  classic idea

1026
tomorrow is a POMO day, crash protection team hehe

1016
INTC has a beautiful bear flag in 60min, textbook example

1012
still looking for 15min close under 1169,,, such could mean the HOD is in

1011
TLT may present 102.80ish "add more tlt opp",,,last 103.45,,,unsure if pulls bak there or not,,,should give another opp tho could take hours and may not come today

1007
BAC has a 10min bear flag now,,,may add shorts for day, no add more shorts setup just yet tho

1002
i will prob take half of BAC off today then try to reenter,,,but prob not until near close,,,right now chart suggests maybe lil bounce tomorrow

1000
watching for a 15min ES close under  1169 for 1157 trgt

952
TLT idea yest at 102.50,, TLT last 103.33 with 105ish trgt

946
mini ES dbl top 1181 requires 1169 break lower for  1157 target

940
the lower dollar yest has intereferted with the short oil and short gold, but remain swing short for now, trade still valid,,,, red on those for now but expecint them to profit soon

937
v impt: BAC yest had a bear piercing candle,,and today it has gapped lower,,, v bearish BAC,, under the "mkt open candle theory" the bear pierce was confirmed with the gap lower and suggests even lower,,, the next theory would be "confirming close today under yest low"

935
an intc bounce to 1942/50 would be nice to allow adding more intc shorts swing, last 1930

931
BAC next trgt is 12.22, then 10ish

930
BAC at 1300 right under 1305 support,,, could take partial profits here short ,,,but watching for break lower or hold

* 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".