Wednesday thoughts

348
xom made a lower low today from yest on daily

348
xom spike,,,looks headfake,,compared to oil and spx

327
i think i'll hold the SPX shorts overnight,,,is resistance abovce if it wants higher,,,also the QQQ chart looks like it wants to move down at least a little bit,,, timing analysis suggests waiting 5 hours before going long on qqq,,,so will prob keep shorts

326
i'll hold this new swing short until 350/355pmish to see whats happening,,,may exit it ,,,nothings changed in 3 hours since entry

318
exiting rest of INTC long from 21.10 at 2272,,, still bullish chart but bear diverg forming on 60min

315
i'm not long oil,,if i were, might make sense to take profit and look for reentry

315
OIL 60m chart is still bullish,,,but is looking v susceptible to a break lower,,, USO and /CL,,, will be watching the close today on uso

236
cvx 103 trgt if it breaks this 60m trendline

235
unlike yest,,, CVX is a bit weaker than spx and oil today,,,should be good for xom shorts

228
5650/5675 may give a swing long later on qqq if downside comes first

227
5790 qqq support qqq

224
watching to see if a falling wege forms on the 3min ES

223
the winner of this intraday 1332 battle on 3min chart, is likely the direction into the close,,,bias still down atm but could go either way easily

214
a 3min candl close under 1332 ES suggests test low of day, maybe lower

210
intraday sell alert on qqq spy just triggered, scalps

209
somewhat concerned because charts are getting mixed up now, if cannot make new lows,,, also the first set of daily doji candles (not second set) often breaks in direction of preceding trend, in this case up

207
swing,,if spx doesnt make a lower daily low today, or close under yest low,,,i may exit this SPX spy short and look to reenter later long or short,,, in order to wait for these daily doji candles to decide whta they want to do and then enter in direction of the break, after a correction of such break

137
qqq and spy both on swing short setups, imo

128
intc is at target now on options from june 24,,, INTC Jul 16 2011 22.0 Calls now 84/85 cents,,up 300%

114
sometimes low vol selling can be advantage for shorts,,,intraday

113
ES is down nice here on 3min,,, AND not on heavy vol,,,can still go lower as more sellers are around

1157
i entered spx short early, because nasdaq is near resist,,,so trying to short the weaker spx while ndx at resist

1149
spy puts or sds calls could work on this setup,,,

1147
this is close enough to swing short target entry for spy on price,,,,and also near the 12--1pm timeframe from yest

1145
shorting SPY now, 133.85,,,may add more later, swing

1141
target is approx 20 points,,,smaller than normal target

1140
swing,,,,i will lim short SPY 134.28, just over 134.10 spx,,,,spxu 3x or sds 2x would give more leverage but may give poorer fills

1109
that 8085 area in xom is holding for now,,,if it doesnt break lower,,,may need to take a profit here on xom and look to reshort bounce,,,giving it a little longer to break

1051
if spx stays up instead of drift lower,,the setup would be short not long,,,watching reactions

1049
in 2-3 hours...poss long opp may present on qqq spy spx es, scalp,,,thats also close to todays 1200--1pm time analysis target calculated yesterday

1019
es 1329 broke as expected yest,,,still watching the 1325 area to see if sustains lower or not,,,

1017
7955 lim cover xom from 8180/8200ish entries,,will then try to reshort,,,to cover half and keep half longer

1009
watching xom reactino to 8083 if it gets there,,,8098 last

1008
1328 es support

1008
a break of es 1325 lower could trigger selling another 5 points fast

938
GLD gold gapped up this morn,,,may not be able to buy back half the shares sold yest,,running with half position for now,,,buyback opp may present in a few hours

935am
xom short swing,,,setup still calls to hold at least another 3-4 hours unless downside trgt 1 hit first


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