Friday thoughts

339
its the same setup as Nov 8 had, when i shorted spx at the close

338
nothing before the close will change the chart--chris

337
fwiw, my SPX SPY charts swing just changed to a bearish bias for next 8 trading hours---CHRIS

302
still have the first trgt on TVIX at 5440 from 50.00, last 5095, order in place to sell a piece of it, if it gets there===chris

257
added part 2 of oil short finally at 99.00 oil===chris

255
vix "should be" around 27 with spx here,,,but vix is at 30ish,,,bearish for spx swings imo--bullish for vxx tvixchris

120
i might add oil shorts: under 98, or at 99, nothing yet, swing--- (using /CL futures for analysis_)

100
LOL still nothing changed i see---24 candles still not done===CHRIS...VIX has closed 15min candle over 30.25,,no reactions yet, but VIX warning still valid for swings, imo-

1145
3 min chart suggests we might need to wait another 24 candles for anything downside, thats a lot of candles if the pattern is correct ---chris

1143
its def a concern for bulls that vix not moving lower today after the open, as spx moved up, imo--chris

1140
vix approaching 3025 trgt, 3022 last---if it holds a 15min candle close over that, may close the gap---CHRIS

1121
if long, tightening stops here makes sense, imo---vix approaching 3025==CHRIS

1114
vix going sideways for its 4 hour period as expected, still a bit longer sideways, if it starts to move up before 1pm would be bullish vix==chris

1110
: VIX over 30.25 would be bearish for spx imo, intraday, last 29.99===but easier to buy vix instead of shorting, vxx, tvix==CHRIS

1101
wow the vxx and tvix are holding up intraday despite the spx runup--chris

1045
4960 filled on tvix==chris

1035
lim 49.60 i'll add more tvix, if it gets down there==chris

1027
ES testing its highs of day, but tvix not testing its lows,,,good for tvix==CHRIS

1019
then 57.50ish==chris

1017
tvix trgt 1 if able=54.50 for 8% profit if hit, from entry this morning==CHRIS

1005
1259.50--shorted, close enough

1003
theres near 1260 es short trgt==chris

956
1260 es poss short at resist--chris

951
VIX swing chart calls for sideways movement for next 4 hours--if instead the VIX starts to go higher, i might initiate new short positions in stocks or etfs, and long vxx tvix swing---chris

947
as they develop, watching the first 30 min vol bar, and 60 min vol bar, and compare to prior--CHRIS

937
in tvix again. 50.40.===chris

* 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".