Thurs ramblings (and Wedn eve ES futures)

416
see xlf daily candel? bear shoot star BUT its "less valid" because 4 red candles

411
UNG had a nice day today,,, it tested suppport which held and pivoted up to make a higher hi than yest

409
several million shares of SPY being sold red AH

407
SPY wicks pointing down under 118.50 for tomorrow,,, 118.18

356
ewj is a bit tricky---its gapped higher today and is at daily boll band res,,,but this 355PM signal has 100% wins for 2010 yr so trying a

353
i am going to hedge long with EWJ long 1040--1050 area,,,sounds crazy but setups there ,,,, 25% starter position only

349
a few changes on 355PM signal today to long,,tho still on short for spx qqqq russel  eem  xlf

345
almost 1% so far on the scalp EDZ and FAZ,,,still have half,,,,

340
taking half edz scalp off 2321 for 21 cents

338
4627 eem trgt if able for the edz scalp

337
taking half faz off here 1185 at stall just to be sfae on this boring day

336
i'll sell half of faz when xlf hits 1481

334
taking half of ES off here for 3 points profit,,holding other half

333
1176 faz

327
1481 xlf trgt

325
xlf is breaking down here, slowluy, could pull down spx qqqq eem

320
edz 2300 scalp, rebuying what was sold b4

319
xlf is rite at support, watching to see if holds or not

311
poss inv bull HS es 3min, but such narrow range can go either way

237
exiting EEM short scalp near breakeven, keeping swing eem short,,not worth the scalp

236
1492 xlf R

235
xlf hit 1488 not 1487 by 233pm,,,

214
1487 xlf by 233pn est trgt

211
xlf 1487 trgt last 1490

205
could be warning tho not tradeable,,,they will quickly step aside if caught on wrong side

205
hmm interesting,,,one report i have suggests marketmaker just took a small loss on a long intraday,, not tradeable just interesting

149
84% sell


on EEM
 
 
139
UNG breaking higher,,,didnt move to the .57 first

137
MM lowering their asks here, bearish

134
83% sell still on

106
the EEM 60min chart just showed the first minor crack of the day in it,,,easily could be repaired but warning is there,,, no cracks on the xlf or spx,, usually the crack gives a small down move, then up, sideways

1255
sell alert still on 82%,,,needs 85 to move

1246
82% sell alert, up a lil

1242
ung could break here without the .57 pullbak

1241
todays ung trgts same as yest

1241
UNG waking up,,, is at resist so 5.57 then over 565 would make sense

1238
sell alert 79%,, first one today, es 119750

1234
EEM limit cover 75% scalps at 4627 if able,, edz will sell whatever its at if EEM hits there,,holding swing position overnite

1223
the scalp profits may be small due to narrow range atm

1222
more edz



here 2298 for scalp sswing combo, eem .55
 
 
1207
actually hoping EEM makes a run for 4685 to fill limit add shorts there,,,else will run with existing position, swing scalp combo

1159
Market Makers are doing inverse of


pattern 2 days ago,, that is,,

selling into this, going

short,,suggests lower in
 
coming


hours days (after sideways

intraday),,,as the prev pattern

suggested up
 
 
1152
see down for swings,,intraday sideways lil more,,,down, up, then down harder nice 2nd time

1149
EDZ dec 24 calls could work, 1.50/1.65,, or higher vol EEM puts

1132
ES may make higher hi but still see lower coming hours,,, will short the extreme

1118
ES should move down,,but bounce,,,then move down again,,,the 2nd move down will usually give a better scalp daytrade

1106
MM were forced long on the big red candle 2 days ago,,now appear to be unwinding as we expected

1100
see the daily bear HS setting up ES  EEM? 

1045
4637 eem trgt down for scalps

1037
ES 3min forming bear rise wedge

1034
yest i mentioned that my Market Maker studies showed that MM were long and higher prices expected,, now they are selling into this, unwinding, and possibly shorting as well,,, unsure on the shorting atm

1032
xlf just hit my 1491 trgt from yest, but not shorting any more of it swing,,,still prefer the emerg mkt

954
edz is 3x short the emerging mkt or EEM,, i still prefer it over shorting XLF  QQQQ SPX  tho i'm also short swing on those too

954
i am adding back edz here at 23.29

927
Good Morning


* 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".