Wednesday, November 24, 2010

Wedn ramblings (and Tues eve ES futures)

430
theres a bull diverg too on vix vs rsi: higher rsi  2450--3050,,,vs vix lows 1794--1776, bearish for spx,, suggests coil to break up not down for vix

415
reason i


see maybe chop is also cuz were

some large block orders GREEN,,,

now they r forced short
 
so MM will push down,,,but maybe more buyers??? that equals chop

also, triangle chart patterns = chop

410
same analysis as 330 with added note: chop expected:

chart analysis combined with Market Maker analysis suggests to me that Friday is a doji day, and that we have downside in coming days, and that now its looking like we could start to coil,,,,is why i'm trading individ stocks in additino to just the spx eem etc

408
lol SPXU is back to a penny profit AH here for conservative wanting out

403
bear spy wicks to 118.50 AH

401
SPXU small loss here about 5 cents if i closed it,,,but holding

400
it took all day but xlf finally hit 1464 daily trgt,,,never got higher

354
KO may want .75,,,no worries,,,this is not real buying,,,no block order in KO,,,prob shorts cover

351
BAC now at 1122,,,only holding it cuz its free swing from 11.11,,,but accomplished its long overnight hedge purpose ,,, took 1.5% profit on BAC long but dont like this area for new long bac

348
ultra low volume on KO today, bearish

334
xlf hit the 1440 trgt but still has not hit the 1423 trgt down,,,can go there in comoing days

330
chart analysis combined with Market Maker analysis suggests to me that Friday is a doji day, and that we have downside in coming days, and that now its looking like we could start to coil,,,,is why i'm trading individ stocks in additino to just the spx eem etc

326
and they r shorting financials,,,not good for spx,,,esp since financials are "already low"

325
but marketmakers are shorting again ,rite now,, tho they can hold overnite

324
doesnt mean we hit 1201,,,its declining resistance,,but should


hold decently on first try anyways
 
 
323
1200--1201ish is downtrend line resist on daily ES

322
355pm signal remains on "stay short" for all top 100 etfs except long swings on smh  xrt   xop

305
taking some 2281 spxu to short ES 1196.75

300
the "first try" up off a low,,,generally will pull back

259
bac short 1127 intraday scalp could work well,,

247
MM were absent awhile, have now returned and they r shorting

246
MarketMakers are now shorting the BAC hmm,,,suggests


limited up on friday???
 
 
236
*short could work

236
ES short here 119575 could work

231
the


355pm signal for KO has been

flashing on and off short long

short,,,,so could go either way but

looks like time to exit the long n

reverse short
 
225
119550 near but not shorting it yet,,remain short KO,,, tyd long

222
my analsysis suggests that BAC has one more pop higher over .27 and then should move bak under .27,, *last 25% of shares bac has stop at breakeven 11.11 as this was early entry,, took 1.5% profit thus far on 75%

220
maybe short es 119550 idk

216
This TYD stuff sure just jump around,,, how fun LOL ,,, lower vol than i usually like but good for swings

214
theres the crack i mentioned 3 hours ago,,shorting a 3min chart bounce here could work ES

206
will also scalp this ko as it may have better movement than boring ES

204
i'll start layer in here 6457 KO short

203
actually i'm going to swing SHORT the KO now 6483 if filled. last 6460

157
but i'm exiting a piece of KO now,,,will buy bak later

156
LOL coca cola KO just wont stop going up up up,,, been long that forever, just made another new high :)a

131
i'm going LONG swing in TYD here 6210,,, other day i posted it looked good at 6340,,,has pulled back,, this is an early entry, 355pm signal is still on stay short TYD, but starting here for small bounce to start and maybe trend change,, TYD is 3x long bull 7-10 yr treasuries

126
BAC should go over .30 but i'm not sure if they will bring it lower first,,,so out for now

125
out of 75% of bac .29,,tired of this,,,saving 25% for higher levels, not worth tick watching for half a percent

102
355pm swing signal: for dow, all are on short except long signals on intc hpq axp,, that doesnt mean enter short here,,means stay short from earlier higher entries

1251
1.5% profits locked on 25% of bac shares, at high of day (so far)

1250
for me to short, in this chart, i'll wait for it to make the first move down then short the bounce,,thus "missing" the first move but safer

1248
i'm exiting 25% of bac here to lock some profit,,see higher but this is now "no mans land" tennis

1246
ES moving down a lil,,, BAC holding up,,,if ES reverses up 3min chart then bac should hit its target and get a fill on sell order

1238
BAC now at 1.5% roi from yest entry,,,would be 4.5% if was 3x etf,, just need more shares to mimic 3x

1237
xlf 1466 trg last 1462

1234
buy alert for BAC

1228
3min BAC bollbands gettin tite now: 3 cent range

1223
yest: i mentioned expecting a bull morning star in the xlf,,,we have it here, daily

1220
that 3min xlf,,is bullish

1219
Junior guys at the desk not authorized for anything fun :)

1219
maybe


these MM are on autotrade and

left early weekend? cuz they are

only hanging out at extremes this

long
 
 
1212
this is unusual for MM to stay on sidelines so long,,on many stocks they r just letting retail test,, intraday,, when the MM come back,,,things could get get volatile up or down,,,for the moment my analysis says they r still testing

1208
the BAC bull V pattern measures to 1141, ovrew the 1138 trgt

1202
WOW the UNG :),,, up spike tho only 25% positino left,, the NG futures foreshadowed this move, in last nites trading

1159
poss bull 3min cup handl bac 3min,,and the cup handl trgt is... LOL... 1137,, near the .36 order sell

1155
xlf did not get that bull 3 methods,,BUT the bac does have it, on the 15min,,now must get confirmation,,bullish still


1154
still see bac over 1128 in next 30-60min again

1148
MM may drop bac back under 1128 but should go up over it yet again if so

1145
BAC is now back above 1128, within the hour posted earlier :)

1144
BAC trgt is 1138, placeing order 1136 to sell halfif able, under the trgt

1143
the xlf is "maybe" forming a 15min rising 3 methods candle pattern, 5 candles with 6th need to confirm,,,is a bull continuation pattern if formed, not reversal pattern

1139
market maker report: they are still testing retail here,,they have stepped aside

1136
xlf chart suggests up again now

1135
maybe 15min es will form a bear rising wedge as it makes upside before falling in coming hours days

1129
now looking for up via the BAC lol

1127
closing faz scalp for small profit 1233 or 0.75% profit

1118
yes entry was lower at 11.11

1117
its hitting 1123 but no fill,,,not changing,,,either fills or i go with the exist position

1112
*1123 lim buy,,no fill yet

1111
1122 lim buy more bac if filled

faz 1224
1108
i'll go long scalp bac 1120 lim if filled to add to swing position for scalp,, faz at that level could work too scalp

1102
BAC should move back over 1129 in next hour, last 1124

1053
market maker report: they r testing mkt now,,,testing retail

1052
not sure the daily high is in yet,,,still could go higher

1051
es getting "weakening signs",,,sideways, lil bounce type thing

1050
strategy: crack, bounce on first crack, short the crack bounce

1049
15min chart doesnt have a crack in it yet,,,waiting for a crack, then may short day scalp

1042
1133 resist on bac, last 1130,,,lim sell 1136 half shares on stop run, if able

1041
BAC is outperforming xlf today :)  up 1.8% vs 1.3% xlf

1038
BAC is at 1129,,,basically the 1130 trgt from 9am,,,, still waiting for 1136 on half shares

1035
hpq is at the 4350ish trgt now ,,,but not taking long yet,,,let it move sideways chop awhile,,,maybe .25,,,no entry yet

1032
also note the bull diverg on the macd signal line and rsi on 60min spx

1030
depending on how u draw 60m spx Downtrendline,,,spx has broken it higher,,but the 60min macd hist warns higher is poss with maybe 1199, 1204,,1207,,,waiting for mr market to decide

1028
wow intc only 10 cents from target,,,may want even higher,,,will not short it yet

1026
for now i'll lim sell 11.36 BAC, half of shares, and then try to buy back,,may not make 1138 today but thats stretch trgt for now

1019
i might consider hpq  long4350 4325 if it went there, unsure,,depends on chart at that time,,,i missed the nice move yest on HPQ,,  i missed the nice move yest on HPQ  on that limit order never filled grr

1013
yesterdays 21.25 "short intc" order was based on poss down break of rectangle not up,,,but the order was never filled and intc broke higher instead, which is why i cancelled the short order as posted yesterday b4 close


1011
i may short 21.65 intc if it gets there (not likely today)

1011
intc rectangle has a target of 21.65,,,which "just so happens" to be horizon resist from prior high,,,isn't tech analysis cool?

1009
1130 next BAC intraday trgt...1120 last

1006
xlf is not yet on a daytrade short setup,,,still on buy dip spx xlf tho that could change,,,for holds longer than 1 hour,,but,conversely, no entry yet, no dip to buy

957
BAC is lagging here up 1% vs qqqq up 1.5%,,,but thinking bac will catchup then surpass qqqq, as shorts cover,,, they have not covered yet but rather appear to have re-shorted,,,if it moves higher then both old n new shorts should produce a nice pop up

955
i see this market, on daily charts, weekly, as distribution, sideways not up or down,,, for me its sideways




bear bias due to distrib,,,but


playing both long short in this


sideways stuff swings
 
 
953
es 1191 has several resist lines all there,,should hold first test,,,or 1193 yea

950
also may use qcom aapl rimm as qqqq proxy,,,hpq axp ko for dow proxy

949
waiting for a setup to go long the qqqq,,,spx qqqq dow suggest scalp day buy dip,,,but no entry yet,,,will skip the short scalps for now

937
intc hit the 2125 trgt but i did not swing short it,,,watching for now

936
yesterday i posted a gap up today, spy xlf bac both gapped higher,, still in new BAC long

833 am
ES hit 1187.50 just over the 1187 target,, 119150 next

820
es trgt: 1187, 1191.50, 1198,,,rect measures to 1195ish

810
newly entered long swing BAC from yest is higher pre-market now, 1117 last from 1109 close

809
es supp 1175- resist 1185 rect, watching for break up or down, range bound till then

805
es 60min poss dbl low, now basing,marginal DTL break now testing DTL break higher, with a 3x bull price:rsi diverg

756
considering new LONG qcom aapl rimm, for a quick 1-5 day swing,,,my 355 pm swing signal remains short, this is for a "bounce" play with poss trend change to up

747
qqqq iwm russel remain stronger than spx, with an inv HS is inside a larger bull-biased coil that to be fair is bias to break higher not lower

734
Yest i mentioned that we might get a spx gap up this morning, partly due to xlf action,,, ES is up  3.50 now, but could change b4 930am

726 am
We have a slew of economic report data coming today due to shortened trading week:
830: initial claims, personal income, pce, durable orders, 955 mich sentiment, 10am new home sales, 1030 crude oil, 2pm fomc again

* 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".

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