wednesday ramblings (and tues night futures)

425
notice Jan 3 and 4 CL oil selloff candels and compare to today's candle,,,may see nice red candle tomorrow for oil shorts, bear shoot star daily today

404
vxx was a great scalping tool today

356
conversely, HPQ looks tired so took a 50% size short there,,, will add shorts after it moves lower and short the bounce,,,,it should bounce on the first try down off this nice run up

353
ko "should" move lower before buying, but took a small position here cuz think it will go up,,,theres a chance the KO will gap up tomorrow based on my charts,, also a look at daily KO will show its testing resist a few times, believe another test coming with a break higher,, KO held over yest lows

346
swing, i'm hedging long actually rite now,,, 25% position on KO,

337
VXX is now a few pennies from the .90 target :)

330
bulls in this market, are like that DIDO song "white flag": ... "i will go down with this ship, i wont put my hands up and surrender...there will be no white flag above my door" :)

326
into the close, ES 1283 max i think, inabilit to get over 1279 and es could end at low of day, or a lower low even, imho

324
qqqq under 5690 troublesome,,,prio 15min 60min conosold highs

319
oops that was a quick stopout on ES, 14 points taken profit

318
still riding the last 25% of VXX scalp from this morn, now up to almost $1 profit, 3% profit

316
theres the ES 127525 trgt finally hit :)  but now i'm changing,,,to stop 1276.50 instead, try to ride it lower, else take 14 points from 1290.50 short if stopped

308
qqqq are approaching a scalpable long setup, none here yet,,, i prob wont trade it since i dont wanna hold long overnites yet

306
will do manually now the es

305
unbelieveable! es hit 1275.50, my stop profit was at 1275.25, no fill grr

301
HPQ Feb 19 2011 44.0 Put at .42/43 cents could work here,,, i'm trading the underlying not the options but those could work

257
heres the vxx, shooting over  its 3260 target

256
will reverse to longs when spx has a meaningful pullback,,,buyers wont disappear that fast, but still shorting rallies swing for now

254
next on the list of swing shorts for DOW stocks, only watcing now, no entries yet: planning entries in intc  utx  ba  dis  mmm  pfe  pg   wmt  xom/cvx

245
i'm shorting HPQ now, sswing, 4629

238
also looking to add new shorts in INTC,,,hopefully we see a rally today to allow this

235
stopped out of vxx scalp, only have 25% left now, profits taken .26,, now i will look to add to vxx again today but this one will be a combo swing/scalp: if the scalp hits its target then i'll take partial profits on it, else i will hold overnite, even if at a loss at the close

.26 stop

.27 stop

227
.28 stop

226
WOW,, vxx,now at 3245

 225
ES, still looking for 1275.25 trgt


223
3221 new stop on vxx 25% shares, others same

222
3260 and 3291 still next vxx trgts, sames as yest,,,with interim .73 trgt

220
rationale: set under the recent 1min low of .15

219
3212 vxx stop raised on 25% of shares, took half off for 40 cents=ish,,,rest stop set to breakeven on other 25%, if that makes any sense

216
larger vxx scalps, can now lock another 40 cents profit, again,, :D, on partial shares,, we could go much higher, stops set

214
nice,,,oil shorts r waking up now too :D,, sco now 10.21,,,near prior .25 profit taking area, holding longer

212
*3207

211
3208 stop on half of vxx scalps

208
since this is a scalp i'll just type "OUT" when exiting

207
vxx scalps might want to take profits on half of pos soon,,watching 1min for weakness, on weakness i'll sell half to buy yet again lower

150
33.46 still the target for vxx today if able,,last 31.96,,may not make it that hi

148
vxx might have a chance of making a higher daily hi on the next test of high of day, if it gets there

145
over 5680ish qqqq bullish for me,,,or on a lower low to buy,, no entry yet for long scalps

140
adding vxx scalps .72 could now work if filled, last .80, or just running with .81,,,,same stop,,, stops lower for swings, thats for scalps

132
want to see .60/.62ish hold,,,else may want .20/.30ish

130
vxx mental stop .70ish,,if breaks that will look to maybe sell on bounce if able, else out at .56 hard stop

123
institut are selling INTC today, which means it will likely bounce higher,,, shorts at higher leverls could make nice swings

119
and prob 25% of ES unless it gets to 1290

118
i'll hold the AXP shorts overnite, and part of vxx

117
often an entry comes when parab sar is broken higher , then pulls back, and then breaks it the SECOND time,,,also shorts could cover on that move

115
qqqq r now at 15min parab sar resist

113
vxx scalpers can now buy back at 3182 lol

109
i think i better take off some ES shorts here to lock 10 point profit, and will run witrh a half position

105
vix is rite at severall diff resistances here but chart says it breaks it higher

103
the VXX has a nice bull asc triangle forming, 10min chart, or inv HS bull, depending on how u squint

101
on the 60min it would be a quadruple top lol since it tried today and failed,,,still think it can break higher in sco

100
sco long is trying a triple top daily,,,those often break to the upside,,watching reactions (or oil triple bottom, for a lower lo in oil)

1252
if the ES 60min MACD hist gives an uptick, then long scalps could work, on extreme lows in the 15min chart, may not get that setup today,,staying daytrade short still

1244
will keep the usual 25% of shares un-covered, for lower, as usual

1242
1275.25 lim covering half of es shorts if able, from 1190.50 for 15ish points

1238
ES 1273ish trarget,,,more precise trgt later

1235
1.3%ish profit,,swings would hold

1235
scalpers could take 40 cents profit here on vxx in  1 hour hold

1234
as ES makes the expected new low of day,,,i still have the "stay short daytrades" setup

1232
LOL i went to get a glass of water and the VXX shot up 30 cents

1230
limit order to sell all vxx except 25% of shares, at 33.46,,then will look to reenter,,,this is in between 2 of the swing targets

1228
i see a lower daily low on qqqq, then maybea a long scalp opp

1220
ES sell alert 80%,,,still see a lower low of day, 1283 last

1158
vxx 3181 scalp could work here, 50% size

1122
oops thats 1282 not 1287

1118
this pattern in ES generally will make another lower low daily, then that next low is often scalpable long, tho i will prob only short the rallies today, last es 1287

1116
btw, for swings SCO or USO both work ok,,,for scalps USO works better,, better "fast fills" in uso than sco,, the SCO is similar to (tho not exactly) 2x short of USO

1108
aggressive oil shorts could reenter sco long here 1017 if profits taken 1025 on half, conserv would wait, may want 1000

1055
OIL should give a setup for option puts soon, may take over 4 hours,,, IF it breaks lower then the bounce would be shortable,,, danger here cuz still in chop mode,,, then later can reverse long

1051
oops 2.8%

1048
active oil shorts could take SCO profits here on half and re-enter later,,, 1025 last from 997 entry swing for 3.8% profit,, sco should go higher tho

1044
todays target i'm trying to let it get to 3291 or 3350/62 trgt, if able,, and then perhaps take off half and look to reenter

1042
VXX just hit the 3230 trgt, 3232 last

1038
es just hit the 1284 trgt,,,still holding the shorts, watching reactions,, larger positions could take 25% of position off here for 7.5 points profit

1032
next VXX trgts, swing:  3230,  3260, 3291, 3350, 3420, 3490, 3560, 3650, 3700

1028
VXX targets posted yest were 3132, 3160, 3181, 3230, 3260,,, VXX has blown thru the first three and is about to hit 3230 trgt, last 3216 :D

1025
i'll keep holding swing shorts even at the 1284 test,

1025
more support at 1284 tho, not far below

1024
here comes the expected break of 1286 onb the ES,,,watching now to see if it sustains :)

1000
1284/86 may be breakable on my charts,,,despite the consistent ability to bounce to new highs,,,,watching how big the bounce is,,,

958
despite 1286 es support, agreed, i have a "stay swing short" from yest 2 entries 128950 and 129150 for now

950
AXP Feb 19 2011 44.0 Put at .98/1.01 could work,,,tho i'm trading the stock not options

948
options to short axp could work here, for swings, and a second entry on any axp bounce in 60min chart

922
VXX is up now 3069 from 3056 yest close

921am
WOW amer exp AXP is down sharply this morn from 4637 to 4470,, still swing short in axp

* 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".