Friday ramblings / Thurs eve futures

403
in fact last 4 ES candles daily r bearish

402
ES has a lower hi and lower lo today, a bear hang man

a close below today low would confirm hangman


357
9246 TLT stop to lock profits

348
preparing to take TLT profits on half of shares


337
will increase ES shorts to 100% if goes higher else run with this position, short

329
there it is, down, now shortable, or a bounce to add

328
shorting 1267 ES, half size

323
expecting a move down, followed by a shortable bounce

311
i have lim sell TLT piece at 9417, half of shares

244
TLT gathering some up momo now too, .38 last up from  .20

243
ah there goes utx,,,downnnn :)

243
could still turn down here,battling 15 and 60min charts

235
ok theres the expected .83 break in utx lower :),,,now watching to see if sustains or not

233
scalp for oil short might present here,,,would wait to see what happens here, may want higher first

231
hasnt broken .83 yet in utx but expecting break lower

229
UTX sell alert,,,will other dow stocks follow it?

212
for those that like to trade above mkt breakouts, TLT just hit the above mkt entry #,,, .35

211
if utx goes under 7883 it should test its lows or near them, maybe make lower lo, 7890 last

206
TLT hit under the .20 trgt to "buy more",,,i didnt add cuz in from lower, but could work there

201
TLT long,,,tbt is in nice profit area here,,,will prob take half off and keep half,,,b4 the close today,, see higher tlt today,, i see higher tlt but think may be able to buy back lower, unsure

150
9220 tlt long here could work

147
qqqq at prior


support turned resist here,,,watching

reaction, could turn down, 5575ish
 
114
ES volume is already close to yest total vol, at 114pm

107
5483 is daily QQQQ trendline support, well below this level

1253
those USO puts posted before,now at 252 % profit,,, sco calls at 503% profit

1251
csco is approaching trgt, to test near todays lows

1247
oil hit its first trgt from a week ago,,,took awhile but hit,,,still have second trgt

1241
7752 limit cover utx shorts from 7947 entry if possible, for almost $2 profit, trgt #1 swing...may take interim profits today at stalls

1238
1256 trgt es

1236
LOL heres VXX again: was down 2%,,now up1% profit,,,still have 10-30% profit targets

1231
here is the retest of ES low of day i mentioned hour ago,,,still see lower or short rallies

1229
8755   8663  CL oil lower targets, stall, bounce, reshort

1228
oil shorts :),,, still see a bounce higher after this selling is done,,,larger pos could take profits on partial shares only

1225
There she goes,,,TLT has broken higher as expected 6min ago :)

1225
uh oh,,csco now looks like wants .80  .85,,,lower, bad for qqqq longs, good for shorts

1223
3min chart says TLT will break .32

1222
POSS breakout higher in TLT,,,is hitting targets from 4 min ago

1220
not saying csco breaks under 2070, its bullish now, but if it breaks under, could be v bearish for qqqq as its a strong compon last several days

1219
9232 is next above mkt trgt, tlt

1217
just peirced .19,,,watching reaction now

1215
*92.19

1213
9217 ABOVE the mkt, TLT long could work, scalp and swing, last .14, or short tbt

1203
UTX 133t chart: bear complex HS

1158
Boll Band theory says when narrow and breaks lower, should retest low or make lower lows, but some confliciting indicators to suggest whipsaw intraday

1157
ES 60min boll bands were tite and they bearishly broke to downside, watching to see if can sustain down, other indicators suggest more whipsaw, short rallies, no entry here

1152
will see chart landscape when it gets there,,,now under 20

1151
on USO, the next 3min stoch move over 80 will likely present a nice short opp,,, 14,3,3, stoch not 5,3,3,,,,watching for that

1141
TLT now at 9227, close enough to .30,,,so .30 trgt reached,,,still see higher,,,tho tite stops or partial profits here for larger positions could work,,,smaller pos would  


prob hold
 

1138
for SWINGS

1138
on individual stocks,,,we are now able to start finding "many" short opps in individ stocks,,,this suggests that the time may be approaching when shorting the broader markets via shorts in spy, dia, eem, xlf, qqqq may be near,,,or shorting via long in spxu tza etc

1137
LOL heres that VXX: went from 2% loss today, to now just over breakeven

1136
UTX: has broken yest low :) ,,, if 7830 today then it gets a weee, last 7905 from 7943 short

1135
WOW look at CSCO holding firm here at its highs,,, when qqqq down move stalls, then csco long scalp could work v nice

1131
if AXP closes under yesterdays low then we will have a confirm of the bear dark cloud cover daily pattern i mentinoed yesterday,, its below that level now

1127
axp,,,red all over :)

1122
9230 Resist on TLT,,,larger positions could take 25% shares off there,,,or cover TBT shorts which move 2x faster than tlt

1121
mini weee only in the TLT, tho 3min looks parabolic up

1119
XOM and CVX are starting to form patterns that may outperform an oil short,,,watching for swing entries there instead of more sco,,, if spx and oil both fall at same time, then the XOM and CVX may fall faster harder,,, i've done this before in XOM

1113
csco is holding up much better than qqqq,,,if csco pulls bak could long scalp if qqqq are basing at same time

1112
poss move to qqqq 55ish to form bear HS 60min chart

1111
QQQQ need to hold 5568  5560 else uh oh down,,,5579 last

1106
VXX is moving up,,,could put selling pressure in spx qqqq

1100
TLT is now v close to both the 15min and 60min parab SAR points, if it breaks them them further up should follow

1053
this whipsaw motion in UTX,,,is,,,, bearisih topping pattern

1052
newly entered UTX short, lowere here, :),,, it may bounce around some, whipsaw,,,will add at higher levels else continue to run with existing position

1048
Those QQQQ continue to circle around that 5587 pivot

1047
 waiting for CL to get some smaller candles in 15min the will look to enter

1046
TLT buy alert at 9157

1045
QQQQ  ES sell alerts, 80%,,,needs 85% to move

1042
poss 60min oil CL bear flag

1042
still waiting for more oil shorts, no entry yet,, if 60min made wave 1 down and we r in wave 2 up, then wave 3 down could be deep

1025
utx shorting 7947 starter size 50%
 
1002
only a 20% size position in vxx,,,will add more as charts present opps (or take loss if needed),,no new entries now, adding in 10% increments to build swing

1001
oops
LOL there goes VXX, back to a  1.75% loss unrealized paper atm,,, still see higher vxx for 10-40% profit in coming days weeks

953
ES 1272 was rather strong R yest for much of day tho it went over it later,,,watching the 1272 again now today,, generally a break over resist pivot like 1272 and then move back under is bearish and suggests new shorts, but the 1272 wasn't a major pivot

951
yesterday Mike Paulenoff posted a bullish chart on DUG, is v similar to SCO that I've been long for past few 5 days ago


948
but i prefer to get into a stock like utx   t   mmm since already short in oil now from higher levels

947
if cl   uso  move sideways, another swing or scalp entry short should present for oil, or long sco,,,watching for poss entry in comoing 5-120 minutes

940
MMM   UTX  are next dow compon candidates to short, and re-enter T, no entries yet,, i'm still short AXP

939
my qqqq shorts at breakeven, from yest,,other individ stocks are far easier to trade long short than spy qqqq dia, imo

* 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".