Friday ramblings / Thurs eve futures

330
one idea would be to exit 526 ung if able and look for reentry next week

327
UNG daily trgt now lowered to 5.26

316
now the 60min dx has bull harami, and a close 60min over prev hi will confirm that one,,,the 60min should get better followthru,, would send EUO higher if so

311
or cup handl, but only in 3min so weak

311
euro 3min bear HS

304
we got , barely, a 15min confirm on euo,,,wathcing to see if gets followthru

300
i will lim sell 5.38 half of UNG instead of 558, good for the day

248
es,,heres the bounce,,,,still sideways higher a bit more imo

239
if EUO confirms it bull harami on 15min,,,it likely will also get a macd hist bull cross at same time, or close to it

227
the fact that VXX only pulled back slightly at the 2917 trgt is v bullish for vxx,,,2932 last

226
15min bull harami on DX,,,, a 15min cancle close over this 15min hi would confirtm,,, which would send EUO higher

218
ES "should" move sideways here and bounce,,,inability to do so would be bearish

202
Daily GILD candles are bearish tho not confirmed yet,,,i am still swing short there

155
lim sell half ung 5.58 if able, avg cost 5.28 from 2 buys

144
VXX just hit its trgt from 2 days ago, 2917,,still see higher vxx for swings, tho this is a profit taking area

116
going for a walk, nothing near where i want to buy or sell it at, be back later

112
60min es still bullish, last es 1341.75

111
3min bear HS on ES,,,but not v reliable on this small range

1240
UNG 60min bull diverg,,,is basing here,,,either it holds 5.15 and pivots higher or else it needs a new lower low

1239
25-50% size position, UNG is volatile

1237
UNG 5.20 here stop 5.12 could work

1232
but nflx support is holding for now,,,it remains support until broken

1231
NFLX may crak soon lower

1221
XLP is setting up a shortable pattern to me,,,but too early now,,, requires few more hours at least

1217
3min EUO looks good,,,watching to see if follows thru here

1206
,UNG 60min is carving out a 60min bull diverg,,,not finished yet of course

1143
thus far,, VXX is able to stay mostly green today despite ES creep higher,,,suggests higher VXX and lower ES in coming hours days


1123
euo just hit 1930 or one cent below the 1931 trgt,, may want lower to other supports but long here could work

1119
UNG ung 3min looks like it wants higher

1112
VXX 3min has a bull divergence

1106
EUO 1938 long could work here

1050
trading strategy:  it doesnt always work, nothing does, but if a stock is very oversold for days before earnings, often it will sell off after earnings despite what earnings report says,, if a stock is stable, at support, but not oversold b4 earnings, then often it will surge afterwards higher,, DELL is an example of the latter, and CSCO the former

the stability suggests that MarketMakers are long the stock, holding it up, but not forcing it to oversold,,,perhaps even selling in days b4 report to keep it at support as they buy more

1031
for swings, vxx daily looks good,,usually when we see these dojis, they go up not down,,, cuz its at the start of the move up,,,if dojis are in middle of move up,,,or if move up is several days, then dojis warn of lower maybe,,,but usually the first set is higher

1013
uso 3680---3700 resistance, last 3652

1007
60min chart stochastics suggests nflx bounce but also a retest of 60min lows, and likely  a lower low

1005
atm NFLX charts suggest the bearish not bullish resolution, from swing perspective,, NFLX also has another pattern, daily bear shoot star that would be confirmed with a daily close beneath its low

956
NFLX: still watching same candle pattern on daily as posted yetsreday, still forming,, if NFLX gets a big green bar today it could be a bullish rising methods continuation pattern, a break of the low and close under would be bearish formation

955
EUO is etf for shorting euro, as euro moves lower the EUO moves higher

954
and 1938 is gap support,,holding atm but 15 and 60min charts suggests sideways or could go lower, sideways

953
,may want to test 1931

952
EUO 19.31 support, last 1939, also supp at 19.17, 19.09

944
USO hit 3652, over the 3647 target from yest,,

* 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".