tuesday ramblings (and Mon nite futures)

437
ES volume today is highest since July 1st!!! tho 9/30 was almost as hi

429
118.56 spy wicks pointing higher tomorrow

400
OIL ending at low of day :)_

356
shorts covering profit take ahead of POMO tomorrow

347
KO in a daily bear rising wedge,but looks like more upside first,,,also could get a nice final pop in next 2 days on favorable earns rpt today,, despite bear rise wedge,,still increasing and multi layers of support for now

342
KO coca cola big green bar today despite spx red bar

336
so i'm long SCO (short oil etf)

333
es 3min


wedge now into close,,,prob dribbles
 
318
EURO hit its targets and may have limited downside now ,,, bounce likely,,,unless it wants another step down,,but thinking bounce,, earlier i said i thought the next step down would be most of todays move,,we now have that

316
limit buy to cover csco 2236

314
IF csco hits 2232 trgt it will prob hold n bounce,,,may need to take 75% shares off there if it does to lock profits and look for reentry short swing

250
KO long hedge,,just made a new daily high despite spx :)

248
SCO stop moved to breakeven 1272,,,if stopped out will look for other opps

247
sco oil shorts for oil did a gap n go today,,,bearish,,,think another red candle tomorrow, when i first entered oil i expected a second red candle but it moved sideways instead, BUT this time todays red candle is on a gap on SCO,,, so will hold the oil shorts into 1030AM tomorrow

232
wow that oil does move fast,,,down not at 8018 from 8350 short yest, oil is volatile, also tomorrow is crude oil report at 1030am,,,conserv would take some short profits here ahead of that,,,,im holding most

223
i am hedging LONG now in KO one of the fav long hedgers,, here 6027, with a 25% size starter position

217
out of most eem now,,,will look at 4555 mayb to reload, scalp profits locked from 4572 to 4536 for 0.8% or 2.4% on 3x etf

216
stop 4536 on most EEM now

214
vix 2160 trgt last 2116

213
WOW now look at VIX,,

205
thats BELOW the trgt,,in case it spikes lower,,,should bounce there if filled

159
have a limit order 44.92 to fill some eem shorts if able


158
4511 EEM trgt next,,,

157
EEM just hit 4545, one cent uner 4546,,,still watching for lower

155
this is what happens when marketmaker step aside to test the buy dippers, and they dont show up :)

154
before i thought .46 would hold,,,now looks breakable!! watching

154
watching reaction at 4546 EEM,,have limit order to sell apiece of them there

152
scalpers would cover some EEM shorts here,, i'm holding 75% for lower,

149
*13774 LOL

148
EURO AT IMPT 173.74 support here,,,daily supp,,,briefly broek and popped,,,this is impt area for hold or break to watch,, 173.74 is the "euro plunge in hours days" # from 10 AM

145
oil still looks lower,,, should be intreresting 1030am tomorrow

143
market makers have stepped aside here to test the buy the dippers,,,watching reaction up or down

138
this is still the "add more intc shorts" area 1935 but i'm waiting,,,afraid of pomo tomorrow,,will wait for a more perfect setup, or for a quick move up on intc to add shorts,,,pomo isn't preventing me from holding intc short, just from adding more,, i remain short intc thru tomorrow at 50% size position

135
ES 1171 resist,,under that v bearish,,1171 horizon resist AND 3min DTL resist

130
euro has same targets down, already hit the first trgt

129
still trying for eem 4546 limit,, trgt 4542,,,last 4566,,,this is not a 3x etf so moves lil slower, needs more shares

127
swings, i remain short eem   csco  intc  oil   euro,,,long UNG,,, scalping eem short

127
IF the ES makes a lower low today it would be v bearish,,,would break string of support lows these last days

119
poss bull inv HS on ES 15min,,,why this # here impt also

116
ES at 1169 support here,,impt intraday support to watch for hold or break

1248
and suggests "short eem rallies" intraday

1248
notice the ever so slight turning down on EEM 3min boll band,,, it often moves b4 price,,,suggests lower EEM

1235
ES weakening,,,if it bounces then could make nice short

1230
euro intc  eem  oil shorts all green

1230
UNG is red 1.6% but i remain in UNG swing,,,see the upside trgts still

1207
look at those ES daily bear candles hanging men (unconfirmed but shows distribution),,,es needs a close BELOW the hammer lows to confirm them, when that comes likely see heavy selling, tomorrow is pomo day tho, crash protection team in place

1156
intc here at 1934 looks good short too,,,but seems wants to move higher,,,can prob get it later for 1934 if not 1960

1155
limit order sell short INTC 1960,, prob wont get filled but will take on a pop today, 1933 last


1151
mayb today or tomorrow will give opp to add intc shorts

1134
OIL: if sco can hold over 1280 then we have a bull flag break higher, backtest that held, and should make new highs (new lows in oil)

1128
limit sell the scalp piece in eem 4546 if able,,,holding the swing piece,

1112
notice how oil is moving well with the euro,,good correlation

1109
as expected the euro just hit the 137.74 trgt,,,this reaction now v impt

1104
theres the expected 2 points pullback in es,,,still see lower,,,sell alert still on 83%

1101
as expected EURO justhit the 137.90 trgt,,, 137.74/.77 next then stall bounce then plunge,, the euro numbers may seem "small" but the result in large spx moves

1053
2 point pullbak setup,, more if it gets over 85%

1052
ES sell alert here 80% confid, 1171/72,,, needs 85% to move

1044
not taking the below market yet,,but watching to see if it sets up or not,,then decide later

1043
watching euro to break 137.90  for trgt 137.74,, when 137.70 breaks then euro should plunge,, possible below the market shorts on that break lower

1028
EEM 60min is on 3rd test of low / support,,, often the 3rd will break,,,dangerous long on 3rd at beginning

1026
sco bull flag (bear flag oil) in 10 min

1024
euro stair step lower pattern,,think it has one more step down

1024
euro still in wave 4,,,euro only rectangle 3min unlike up in es spx 3min,,,expecting lower spx EEM

1019
SHORTING MORE of EEM here 4572

1016
the euro 60min has a bull diverg but its not a really strong one,,,likely small bounce sideways,,then a lower low for a "real" boun

1005
looks like intraday euro 3 waves down now on 4th,,,the 5th wave is often bigger than #3 in currency forex,, watching

1001
looks like ES volume right now, 30min after open,,is already half of yest total volume,,,heavy selling

957
csco did same,,also expecting falling wedge intraday in csco, inside its daily bear rising wedge LOL

956
as expected, EEM made a new low of day, tho marginal...this thing is likely to form a falling wedge b4 bouncing much

954
if 1162 breaks then 1152 es trgt and a quik 5 pt drop likely 10min after 1162 brk

950
EEM testing its LOD and ready to break lower after poss mini bounc

941
i think EEM a better short today than SPX,,,,nice big gap down in EEM

938
es 1169 resist first

936
EURO IS WARNING IT MAY NOT BOUNCE HERE,,,watching,,, the spx lil bounc here could easily fail

935
csco needs to break 2285,,poss bounce b4 break lower, last 2292


929
euro 1.3800ish

929
EURO nearing some support here,,,poss bounce up in euro and spx but only to a lower hi expected

928
and EEM is


not a 3x etf,,,
 
927
WOW the EEM is 4564 now,,,closed at 4670 yest :) weaker than spx

923
sold the SDS here 2799,, one cent under its target, for now, still swing short csco intc eem euro oil

907
NO POMO today,,tomorrow more pomo i think

902
CRUDE oil report is tomorrow 1030AM,,,can get volatile in oil SCO /CL tomorrow

902
oil
continues its sidestep but still
bearish, down 8204 from 2nd
entry at 8350 yest, first entry oil
was "less good",,,SCO avg price 1271, last 1297 with 1380 first trgt then higher

857
Euro down to 133.33 is my trgt, breakout support, should bring EUO etf from 1880 to 2070/2085ish

840
looking for entry today or tomorrow in SOXS (3x bear short), to supplement INTC short

827
also EEM emerging markets at 4604 is below 4630 support, i am short eem also

823
this morn nasdaq NQ has tested yest low tho ES has not, NQ weakening

tues 806 am
euro continues lower,,,tho a break under 13769 needed for a lower low, lower hi new downtrend in daily,,,,still short the euro since 10/12

* 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".