Wednesday, December 8, 2010

Wedn ramblings (and Tues eve ES futures)

407
eem and russel both red today, tho russel near flat,,, while xlf was green,,, CHOP ahead

313
bak at .55,,,taking profits from .77 on iwm,,will reload if ablke

259
once again russel moving down ahead of es here now

236
look at TLT daily candles

129
compare rut to spx,,,or spy:iwf,,,,russel 3min remains weaker

125
back down in iwn as expected, .63 shorts could take the scalp prof here,,,still holding most of it

105
hit .63 or one cent over trgt and stalled,,,watchin now to see if goes down, iwm

103
hit the .62

103
.59 near .62 add short aggress

101
russel is NOT moving up here with es

100
1224/25 es resist

1258
i'm cautious long here,,,see maybe lower first 2-7 pts es, no long for me, still short

1256
aggressive could short more .62 russel, but will need to be able to exit fast

1255
we dont "normally" get a big down move at this time of day without bounce,,if we do could be v bearish, this is not big, yet

1253
fwiw,,,the volume on russl etf down there was bigger than ES rel vol

1252
.44 trgt next scslp iwm

1251
1% scalp prof it so far on the "dreaded" tza lol

1250
if it "dribbled" down to the trgt i would take more off here,,,but came on high vol so waiting

1249
trgt achieved,,,watching .55 reaction here,,, will cover 25% to lock lil profit

1248
theres the  .63 trgt,,maybe bnc then .55 should be hit :)

1247
Russell weakening here, es should follow

1242
.55 is rect trgt for IWN down on break of .70, last .72 with stall at the .63

1234
scalp trgt .62 new trgt not .67 on iwm,, since it hit .71 b4 close to .67 prior trgt i'm lowering it

1209
i might exit my kft swing later today 100% out, unsure,, other shorts r better, kft served its purpose mayb

1152
7680 IWM now trgt 7666 scalp down for short, trgt 1

1145
  tho i dont trade off ewave cuz always multipl counts, needs confirmation on other indicators for me

1143
inside larger wave 3 from 1235 commencement, wave 2 of 3

1142
es poss this is intraday wave 2 up after 1 down, here, then 3 down for lower lows

1136
thus far the ES found resist near the center of its 15min Boll Bands, to suggest test of lower band

1121
if this works then ES and RUT will both break daily lows, else take profits when charts setup changes

1118
i shorted russel and ES based on 60min trendline R, and 1  2   3 min stoch all over 80, for scalp

1117
1224 es short scalp could work too here

1115
shorting IWM russle here 7675, tza 1688

1048
IWM russell now at daily support tst, holding for now, tho i expect break lower in coming hours days

1040
OIL DD DIS MCD shorts r all down hard today,, good for shorts profit

1035
KFT i have reduced size on small prof yest,,mentinoed could be tricky short or long kft yest for swings yea

1023
1220,18,17 supports so could stall at any of those,,,too many to pick one for me, without sideways first , for long trade LOL

1021
and 10 min later,,wow sco jumped 2% in 5 minutes :),, sco is short oil etf

1018
DISney also down here along with DD,,good for those shorts

1009
oil short swings still look valid to hold for higher profit

954
spx spy suggests chop to me,,,dueling 15min bull and 60min bear charts

940
MCD now back in the profit zone :)

939
MCD is selling off, tza is down too tho for now

822
MCD is down over $1 premarket at 7915 vs 9034 close. good for shorts. MCD more active pre-market than normal.

TZA is down 10 cents this morning so that position at a loss for now, still see higher TZA.

* 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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