Friday thoughts

345
qqq falling ahead of aapl here,,,,next week if aapl falls, qqqq could get hit--chris


 
325
aapl 388 will prob hold on its first test,,getting closer now,,if that were to break and close under it today, v bearish imo,,,tho prob wont do that---chris

303
bulls need to buy here else the ES is going to have a nasty daily candle--chris

302
iff aapl gets under 388,,,the qqq could see selling--chris

254
needs confirmation but just got alert that MM gently selling oil here, on that last pop higher,,,now selling into it,,,,needs confirmation---chris

246
low vol so anything can happn,,,,but ES been hanging out near its lows all afternoon, still has the bear daily shoot star--chris

244
es may want to test 1240 lower--chris

208
may not mean much,,,but ES just had a rare intraday gap lower (small),,,not often seen tho volume is low,so,,,,CHRIS

206
some selling here in oil and es,,,see if it sustains or not==chris

154
75% confid on ES sell prog alert===at es 1248.75 here

135
AAPL getting tired on 60min chart, still under the 392.50 short entry trade idea, tho still need to get under 388 for any real downside traction--390.85 last---chris

132
zzzzzzzzzzzzzz tho ES is still under the 1254 and even 1250,m,,bearish imo--chris

1150
no confirmation yet,,,but ES is now close to getting a chart setup that would suggest a 4 hour bearish bias lower--chris

1149
could easily change before 4pm but daily es now has a bear shooting star,,,CHRIS

1147
1250 es poss breaking now, bearish, after rejected at 1254

1134
testing 1254 es now==chris
failure here would be bearish


1119
heres the 1251 stall,,,,ES needs to hold this and get over 1254,,,else lower bear bias, imo--chris

1117
next 9 minutes may decide oil's fate for rest of day--watching here--chris
still see bounce later in oil after corrects

1115
Oil going for that 9980 test again,,,same # as yest--CHRIS

1112
watching 1254 ES---under that bearish, same pivot--chris
break 1250 would be bearish too--chris

1109
for aapl swing shorts, a 15min close under 388 would be good,,,now at 391.71==chris

1107
there goes 1254,,,1251 stall likely es,,,simple horiz supp---chris

1104
approaching the 1254 ES intraday pivot---held so far,,,but 3min close under it bearish-imo---CHRIS

1043
74% now==chris

1038
if es gets a 3min candle close under 1254,,,the high for day may be in (all IFs LOL)==chris

1036
oil is at a 70% confidence intraday sell program warning,,,but needs 74--78% for entry and 85% to really move,,of course it could hit that while i'm typing in this fast mkt===chris

1030
approacing the 10:33--10:40 timing area,,watching reactions here---chris

1015
intraday timiing analysis--looking at 1033--1040 timframe for poss short entries,,see what charts bring--chris

1005
392.50 aapl short could work here,,,== 393--397 higher would not invalidate the short setup--chris

1002
oil is flat vs ES up 1%==oil weaker--has been last few dayschris

954
Nov 16 was first time that trendline broke, went short then for a big fall,,this one should be less--chris

953
if you draw a trendline on SPY from oct 18--nov 16 connecting the lows, SPY did a perfect backtest of the trendline==CHRIS

951
not sure if the candel comes today or not, but a SPY close under 124.40 would give a bearish engulfing pattern and suggest lower next week==CHRIS

could also get the less bearish in neck line or spin top, maybe a bullish green candle, who knows

946
oil just broke under my pivot 9980 from yesterday,,,watching reactions here, position now green

941
oil weakness may be "foreshadowing" forecasting spx weakness, spx weakness may follow oil,,,,crazy paradoxixal market when oil and spx move in tandem together, theoretically many argue they would be inverse

941
that was fast, oil shorts now turned green :)

940
CLX up .4% vs SPY .8%, so oil and clx shorts "outperforming" the SPX shorts as we expected---CHRIS

937
well oil short entry was a bit early, but still holding it for now,,,its at about 0.3% loss now==sco---
still see lower oil, then bounce higher, swing

* 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".