thurs ramblings (and Wedn eve ES futures)

413
AXP has the dark cloud cover bearish setup, confirmation would be a close under yesterdays low, or a gap down and close below the gap

412
oil daily candles look bearish topping the last 2 weeks

406
.32/.33 were csco calls,,,so at the lower bid conserv, calls would have made 10.34%, tho i dont use options for 1 hour scalps

404
SPY wicks bullish pointing up AH, to only 127.70 tho

402
TLT long finished nicely,,,,

401
ok csco was a dud again toady,,,will try tomorrow for momentum trade,,, took small scalp profit 0.25%, if it breaks resist tomorrow should pop nice,,, have this small little non-risk leftover piece to trade just for fun AH in CSCO

358
taking half off here 22095, last .96

357
also i'm gonna save a small piece of CSCO to trade afterhours,,,it has decent vol AH,,

355
21.11 csco lim sell if able, for half, other half manual

354
4 point on the last piece profit

353
out of ES,,,locking profits, scalp, 1270.25

350
 i am keeping shorts in AXP,,,long tlt short tbt,,,short oil, long vxx,,,all swing overnite

349
I'll exit ES shorts to take profits if the prior candle hi is pierced, 3min, to guar profits

338
hmm for csco seems danger to hold long overnite,,never planned to anyway, but the MarketMakers are shorting it,,but letting it rise,,,they may add more shorts tomorrow, or just take it down, so not holding over,,,,often they let it rise the next day to add more shorts higher

329
if csco gives a dud close, will try again tomorrow for the long breakout if charts suggest still viable, at breakeven now on the csco scalp,, took 40 cents profit on csco yesterday,,,still not hit the 21.09--21.25ish trgt

326
still have half of this



ES short 1274 from this morn, to close b4 the


close,,stop 1274/76,,,took profits on other piece,6 points and 2 points

325
still have half of this ES short 1274 from this morn, to close b4 the close

320
6327 KO stop to take profits on remaing shares short,,,will exit at end of day, or if stopped out,,,exiting today,, nice ride down from 65.40 to 63.27 or mayb 62.80 depends on clo

302
QQQQ short is in profit,,and CSCO long in profit

255
oil USO 60min has bull falling wedge BUT the wedge has lots of room on downside still ,,,,and it could convert to a bear down channel,,remaining short in USO, long sco swing

252
watching to see what csco calls do, jan 21 calls at 29 cents now,,,i am NOT in calls, just watching for comparison

248
VXX is also set to break higher, is now at small profit/ breakeven from 2 buys

246
if csco can break resist, there's empty space above from gap (dont expect entire gap fill today of course,,,but could trigger a nice scalp profit),,,so the trade is based on break of resist, not buy at support

241
may add second csco piece on pb, csco i will close out today by 4pm

240
LONG on CSCO 2089, tite stop .73,, its a scalp only, scalp, based on expectation of breakout,,,higher risk trade,

231
for swing

230
TLT calls or TBT puts, almost ready for new entry, or half size entry here


227
\a USO short,


scalp, or sco long, could work on next

USO CL bounce,,waiting for entry,,USO 3786ish maybe
 
156
next DOW stock to short is UTX,,waiting for entry, swing

146
stopped out of DD at .92 for 48 cents scalp profit

137
49.92 DD stop lowered,,,

135
comparison of DD vs QQQQ / SPY 15min chart shows why its easier trading individ stocks here,, DD much weaker, harder fall

133
DD stop is v tite on 75% of shares only cuz i have other short positions with wider stops,,,DD designed to lock profit scalp n reenter later

131
dd stop 4997,,,riding it down :D

128
DD sstop lowerd to 5003 for 75% of shares, breakeven on 25%

127
DD just overshort the .95 trgt, last .91, next .56

125
DD,,,new low of day, again

121
qqqq still havent gotten over the .88 R since mentinoed b4

115
MarketMaker reports suggest they r now testing the dip buyers, non MM sell alert remains 84%

111
84%

109
needs 85% tho, only at 82% sell alert now

108
same es trgts for this sell alert as b4

108
axp sell alert

105
sell alert es, 82%, here at1269

1258
poss desc triangle bearish in oil, 60min, for swing, also SCO has a bull inv HS

1252
3 cents from stopout profit in DD,,,still in for now

1247
5013 stop on DD to protect profits

1244
DD 5030 emergency stop order in place

1235
DD 4995   4956 trgt so am watching reactino here at 5005 near .95 trgt

1234
when qqqq and es get into "buy long" area then maybe another csco long reentry will present

1232
DD moving down lower , new low,,but watching for poss exit and re-entry on the short, may form a bull inv HS on the 60min

1230
vxx has bull inv HS on 10min

1224
TLT new high of day, TBT new low, DD new low, all together

1218
TLT testing its high of day,tbt low, still long,,,expecting break higher on tlt

1214
TLT bull dbl bot W on 3min

1213
DD moving lower,,,for 2nd time today,,,this move is slower and thus more sustainable,,,may test the low of day and make new low

1211
ES mini dbl top 3min, 1262 trgt, 1263 horiz, on support break

1209
qqqq 5561 trgt, last 5576

1206
horiz support ES 1263, the 3min rect has 1262 trgt

1203
2868 T trgt from yest, hit 2870,,watching reaction here, 2 cents from trgt

1158
agressive, or swings, short here could work, es 1270

1155
back at 1270 ES test R

1141
the 1270 ES held!

1139
: if i werent short


already ES i'd short qqqq .84 here,,,2225 typ

1133
watching oil as it tests support for 3rd time today,,,often breaks it lower on 3rd try

1130
QQQQ longs need be careful cuz 15min chart made a dbl low not a higher low

1128
watching 1270/1271 ES resist

1124
qqq hit .84,,,not filled on .86 lim order yet,,,if no fill then just running with other shorts

1108
2884 T last,,,hit the 2886 trgt :) from 9am

1107
TLT broke higher,,, as expected

1106
1270 is now mini R on ES

1105
larger pos can take 6 point profit here, es,,,,small pos cover half shares

1104
ES in troubl here if support break sustains

1103
QQQQ short 5586 could work, under the .88 trgt

1054
TLT: breakout in 3 minutes on the 3min chart is suggested

1053
OIL,,,moving, now :) lower after weak bounce,,,see if sustains

1053
larger pos would take 2.5 pts profit here ES on part shares, smaller pos would prob hold

1046
DD 5046 shorting here, 50% size positino, swing

1043
ES shorting 1274



here, entry 1 of poss 4
 
es wnet over 1274 and back under so shorting that pattern, may add more later

1037
yest BAC trgt was 1467, it hit the trgt today, hi 1469,,, may look to start to short BAC but waiting, may want 1480, even 1506

1032
3min TLT bull asc triangle, 92.24 trgt, last 9160, may pull back and move sideways a bit inside triangle b4 break higher

1028
i just got stopped out 2912, low of day 2905 so far, profits taken at 2.27% from yesterday's entry

1027
non-active positions would hold thru chop, i plan to reenter again T if stopped here

1026
T stop lowered to 2912, and may reenter,,, may get stopped out in minutes

1023
T has just wiped out 2 weeks of dec gains, in 90 minutes today :)

1020
Have a hard stop at 29.54 to cover T just in case of sudden surge higher (not expected)

1015
T nearing its first trgt 2886, then 2868, 2744, from 2974 entry

1009
IF i didnt have other short positions then i'd enter DD here 50% size short

1007
DD is touching its daily uptrend resist line now at 5043 so short here would make sense, but watching to see if marginal break higher or not, so I'll short it higher if able, if not and it declines then i'll short the bounce after the decline

1005
i'll re-short DD lim 50.93 if able, last 5041, hi 5047,,, may enter lower but not yet, for swing

946
T is also down nicely this morn , about 60 cents, gapped lower, still holding T shorts, 29.38 last

945
my short in axp was smacked hard on a gap up, but axp has now fallen from 4560 to 4455 in 10 minutes, back down now :)

910
also still short AXP and T,,,, T is down a lil but not much premarket action there, took profits in CSCO long yest and may re-enter today, unsure

908 am
pre-market: Oil is down,, TBT is down,,, i am short both still, may take half oil off later and re-enter, ZC treasuries higher, good for TLT long

* 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".