Tuesday's ramblings

432
SPY
QQQQ   EEM  RUT russel are all now on
4pm swing sell,,could bounce but suggests
90% confid that they will make lows lower
than today close in comg days weeks

no short setup in xlf financials tho

411
QQQQ has 4pm swing short signal,,,same one as EEM last nite

409
the up wick on spy "might" be misleading this time,,, volume on them is 25,000 shares vs red share sales of 500,000 at 121.60

405
12275 spy wicks now, up,, suggests test resist up again tomorrow

403
SPY wicks up now AH, 122.10ish,, lets see if any down wicks

400
big 60min wick,,,but the daily red large overrules it for me ,,for swing

354
JPM hit 3973 or 4 cents under its 3977 trgt from 10AM

353
es 1196 trgt b4 bounce i think, overnite or 2morrow

351
EEM hit 47.52,,, or 3 cents under 4755 trgt from last nite

350
out of all the sso swing long at 45.24 from 42.28 cost

349
oh INTC has also broken, 3x bottom triggered, desc triangle we were looking for

347
EEM 3 cents from target :D

345
i am EXitinG the SSO long here,,,taking swing profits,,, system just sold it

344
1198 is next "real" support tho prob not get there tday

342
SPY has now joined EEM QQQQ,,,,SPY on 4pm swing sell setup ,,, EEM triggered yest,, when I mentioned that EEM usually will lead

340
15 cents from target on EEM,,,then bounce

334
even 1192, bulls r safe, ES, trendline support and swing target #1,, if it breaks then we hold short longer else exit there

331
4777 EEM :)

330
still on selll even tho at supp here

329
SPY gapped up today but T did not,,one reason i shorted T as part of the "short dow" trade

325
but a close under that would be v nice for EEM shorts

324
EEM "should" hit the 4755 trgt, last 4781, may not get today

324
actually intc also poss bear desc triangle 15m

323
moment of truth coming now for the intc triple bearish bottom,,still see lower spx

310
jpm at 3988,,,trgt still 3977/70 from 11AM

307
its asking a lot, but if EEM could close under 4747 it would be v bearish and likely mark the EEM top

258
just got 2 points from 1217 signal,,but still on sell stage 1

255
they r selling T below ask atm

254
T just did an intraday gap down,,,rare

253
ES 1216/17 sell alert

252
INTC 15min chart is forming a triple bottom similar to the one from JPM that produced a nice run down :)

250
look at T daily,,, poss dbl top,, with gap down last 2 days after bear harami,,early entry short

245
1216 ES is at algo resis here, 1219 horiz R

237
i also want to short HD but i'll just wait until after nov 16, earnings

236
i'm shorting T swing, 29.25 here

206
shorting about 12 of those instead of DOW directly should outperform DOW on downside, like a custom made ETF

206
the DOW via DIA is on swing sell 4pm signal,,,17 component companies of the dow 30 are indiv on swing sells

153
we've got


bear engulfing candles or close to

them on spy, eem, daily
 
 
147
if SPY closes here or lower, it will probably join QQQQ and EEM with the 4pm swing short signal, around ES 1214

144
patiently waiting to add day shorts,,,else will just run with current positions

141
the EEM HAS BROKEN 4800,,,watching to see if sustains to 4755 trgt

138
DIA has short swing 4pm for dow now

137
EEM and QQQQ have 4pm swing short signals to hold 6-90 days,,, SPY XLF and Russel do not have them

130
if EEM breaks 4800 then 4760 trgt lower is likely

128
es support maybe hold but the 1219 rejection was harsh...more sellers likely waiting there now

121
if it closed here then EEM would be black candle,,, this happens when stock gaps UP but closes LOWER,,its v bearish, often marks tops,, black candle is a "specialized" red candle

120
4pm signal entry short on eem via EDZ was briefly red today,,now green again, to hold 5--60 days

119
still swing short EEM,,weaker than spx

113
i'll re-short 4056 jpm lim if filled, last 4043

101
covering JPM scalps,,,can always reenter,,,keeping 25% at breakeven, taking profits,

1258
JPM has a triple bottom on 15min,,,in general they break lower

1253
4022 jpm shpould give 4011 trgt,,,last 4023

1252
VIX 15min suggests it has unfinished upside vix, so bear for spx dow

1249
EEM 60min boll bands tite with pressing on lower,,so a break under yest low could happn

1248
hard to get downside today cuz of low volume, but trying

1243
EEM almost a bear engulfing as well

1242
i'm not sure cuz TOS doesnt display them,,but i think EEM daily is a black candle now, often marks tops, stockcharts.com would sh

1227
JPM only


4 cents from low of day,, expecting

minor break to .19 then bounce,, then


lower depends on .19 react,, they may run under .26 low to .19 to test the buyers and clean stops
 
 
 
1225
ES is rite on that old trendline daily supp i mentinoed b4,,,prior resis trendline, baktest line

1223
still on
intraday sell alert es,,that was bounce, should get lower lo

1220
ES needs a daily close under 1212 else we continue sideways up

1209
JPM near its low of day now

1204
EEM next trgt is daily support UTL and yest low at 4800ish,,since 15min supp broke

1202
ES resis 1219 and 1222

1201
ES that was stage one sell from the alert,,,stage 2 down should come after poss bounce

1158
EEM has BROKEN its support line lower,,,needs to sustain now,, EEM now bearish,, as expected 8 minutes ago

1157
1221 es should find sellers if it pops up there

1157
ES sell alert

1156
JPM sell alert at 4051

1152
EEM is testing its 15min support trendline,,its holding thus far, charts suggest it will break lower but till it breaks, support is supp

1122
no pomo before nov 11, new dates rel 2pm nov 10

1112
as expected, failed inv bull HS on ES

1102
poss gap n trap on EEM (bull trap) if breaks lower, atm its a gap n fill

1102
EEM gapped up today, and it  filled the gap lower,,,and bounced off gap support,,still see lower tho

1058
can bee seen if u draw a line from highs on 9/21 and 10/13 highs

1057
Notice how ES keeps bouncing off its prior daily resist line: it broke over it to form a higher res trendline, but the old resis trendline which is lower keeps getting backtested

1055
122175 es


should find sellers on first test if it

pops there
 
1054
EEM has already made a lower intraday low , emerg mkts :)

1050
JPM trgt 4019, under the 4026 low of day, then bounce then 3970

1048
the 10min charrt JPM showing a 3rd test of low coming,,,often the 3rd try breaks lower as it means the second bounce was bad

1042
if 1220 breaks then it will destroy that bull inv HS 3min

1040
the SPY wicks afterhours were correct: they suggested up and down chop which is what we got so far

1039
4023 JPM is key support #,,,it could break on 3rd test, watching

1037
watching for poss bull inv HS on JPM and ES,,,dont think they materialize tho

1035
for now, li will im cover 3977 in case of fast move down, bounces at 4038 and 4027 are likely

1035
JPM rectangle trgt down is 3970 with stops stalls along the way, last 4053

1018
JPM 4040 trgt, last 4055

1010
shorting jpm 4049 here, may add more higher

1000
If ES gets down there in coming days, Long around es 1193ish support channel trendline should bounce

957
have a lim order short JPM 4073 over todays high,,may consider 4060 near todays high

954
JPM is volatile enough to make a nice scalp stock today,,,nice range

951
atm JPM is holding down at the 3min resis line 4051 but its new so could break higher in coming hour then lower

950
JPM scalp 4075ish is decent daytrade, last 4050

948
EEM 4pm signal has recovered LOL and is now back on "stay short",,, the "real" reading is at 350pm

941
INTC also has broken below yesterdays low :),, still short intc

939
EEM 4pm signal is now switched to "exit yesterdays short and reverse long" but it is not 4pm yet,, will see what signal says later and take loss of 1.5%ish if needed,,, i remain short EEM and long EDZ for now


938
JPM near to testing yesterdays low already

* 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".