Tuesday, February 1, 2011

Tuesday's ramblings

356
out of JNJ long for profit, took loss in the MCD long, BAC gave 2.5--5% profit today, out of all the longs

355
have some new shorts but starter positions,,,think we may see a doji or spin top tomorrow

341
if MCD werent in such a tite range the last several hours i would exit here, but waiting until closer to 4pm since range so tite may break higher,,,stop is same in case of move down

310
LOL this MCD is reaally stuck in the mud here,,,not moving,,will exit today this long,,,tho i see mcd higher, too risky with es up here, can always reenter,,,stops r set still at .32,,hopefully higher exit, last .50

243
i will limit buy TZA 14.17,,,may not get a fill but already have shorts elsewhere

233
taking 20 cents profit on vxx here for scalp makes sense,,,holding swing for higher targets

232
3min VXX continues rising....bearish spx

228
shorted IBM here, 163.25, short #1 of poss 2, been watching waiting last 4 days

218
possible spinning top candle tomorrow, spx

213
OUT of JNJ, finally hit stop....profits locked

212
i will wait in nflx longer ,,maybe short tomorrow

209
2 cents from JNJ profit stopout

144
i bought EUO here cuz it touched its 60min support line and is getting smaller candles sideways

142
position 1 of possible 4,may only buy twice

142
i'm taking a position in EUO finally here 1888,,, which is short euro etf, after waiting 3 days

128
very surprised they didnt run my stop on JNJ, v close, within 3 cents

119
VXX is moving up,,,may put pressure on es, 3min

118
3 cents away from stopout on JNJ,,,may run my stop,,not changing

114
raising jnj stop 6052 from 6043 to protect profits

106
raising stop on JNJ long to 6043

103
 i'm planning to exit the long swings today,,lock profit b4 it disappears

1251
MCD buy alert, first one today, at 81%,,,,lets see if it can move it out of the mud

1241


DBA Mar 19 2011 32.0 Put46 Days to Expiration



1240
i bought some PUTS on DBA, early entry,, 0.25/0.30

1234
stop JNJ 6002 ,,for a free ride up if not stopped, last 6047,, trying for 6100ish target

1230
anyone see possible bear broadening formation on ES daily???

1226
*73.32

1225
73.34 stop on MCD, for a small loss if stopped out, if .46 breaks then likely reentry at better price, dont want to be in this with no movement and ES up here, unless the .47ish holds

1221
LOOK at ES daily volume, bearishly low on up day, swing shortable

1217
 still watching for swing short euro entry, none found yet,,,waiting last 3 days

1214
longs, i will try to exit JNJ and MCD swings today if possible, and then re-eval poss re-etnries ,,, to take profit and reenter,,,es getting at extended levels here

1213
still waiting on long silver slv,,,maybe 2685 level to buy, will see if gets there what charts look like, last 2760

1209
poss bull inv HS on VXX 60min

1204
adding some VXX here 3035,, scaling in vxx gradually with up to 6 purchases, purchase #1 here

VXX is NOT MAKING NEW LOWS or even testing its prior low, depsite new ES highs,,,bearish for es, bullish for vxx


1201
zzzzzzzzzzzzzzzzzzzzzzzzz
MCD still red 00.25%, stuck in the mud

1159
almost 5% profit on BAC in one day

1159
but thats why one strategy is to hold 25% of shares for cases like this

1159
BAC is on steroids today, exited 75% of shares on that much to early,,,,last 1434 from 1367 entry on remaining shares

1155
conversely the long hedges continue to do their job

1155
reddddddddddddddddd
my spxu short is red atm but still a valid trade, next i'll add tza but no entry yet,,,will wait at least 1 hour on tza since already exposed via spxu

1150
SPX continues to follow the "oil pattern" from Dec /Jan i've been referring to last several days,,,sideways,,,agree on a bad end,,,just takes time for distrib

1144
if JNJ can close over here, it has bullish reversal daily engulfing pattern (excluding shadows, or close to pattern depending on ones defin)

1141
wow JNJ is moving now,,,exhibiting that "suddeness" characteristic it has

1140
JNJ just overshot its mini 6025 trgt, 6029 last,,
6100ish is approx swing trgt #1

1126
JNJ daily has a tendency to have small candles and then suddenly boom a big one, so can appear sluggish in swings till the big one comes

1124
JNJ 2min has both bull asc tri and bull inv HS

1115
6025 next mini trgt, JNJ, last 6010

1113
ES charts suggest some whipsaw sideways moves now, mcd and jnj may go up during such

1112
MCD and JNJ took a little beating down,,,they may now use those stocks to hold up the dow, still see higher on both,swing

1102
higher hi would set up nice bear diverg on 60min

1056
i think i might use PUTS instead of directly shorting nflx,,,one stock i'm reluctant to directly short, no entry yet

1048
nflx i am  looking short swing but prob no entry today,,looks like another 4 hours of work needed first

1022
long JNJ is at breakeven now

1019
MCD is in a sideways shuffle pattern on the daily so this is "ok" for now to me

1018
but i remain long mcd swing, may add to it later, no new entries yet

1018
....................................................
MCD long hedge is DOWN, red here, despite spx higher, red a half-percent right now

1007
BAC hit 1404 or one cent over 1403 target, tho i exited b4 then for fear of quick drop

1006
shorted spxu when es 1296

1005
spxu since this is 25% starter, i'll pay a lil extra,,,may go lower but should at least bounce back above this

1004
1751 spxu, in

1003
*17.42

1001
limit i'll buy SPXU 17.40 if filled, 25% size for scalp swing combo,, spxu is 3x short of SPY SPX

957
notice how vxx daily is not near its 2908 low (when ES made 1299.50 high),,bearish for spx swings

954
next swings looking at: back in long vxx (bearish spx trade), long slv, and short euro,,,,they all need at least an hour to pass b4 setup presents,,,may not be today on the euro short

for vxx, a scalp may present sooner


940
stopped out, took profits 1393 BAC from 1367 entry yesterday

938
or stop is at 1393, whichever comes first

937
BAC is almost at 1403 trgt,,,where i will take profits,,,i see poss higher but will try for pullback reentry later if valid

922
i have limit sell BAC 1403, from 1367 cost, last 1386

916
ES hit the 1290 trgt from yesterday

913
Silver is up 0.70% vs 0.34% for gold, yesterday i mentioned that silver should outperform gold.  Should have entered long silver yesterday but didnt. if able, will enter on pullback or consolodation chart pattern

* 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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