reversed long now, at the close, smaller position to start, SSO
exited CLX for a small profit, near breakeven
1197.50 ES, out
2114 sds stop
2112 stop SDS raised again
345
sds stop raised again ,,,2102
342
stop on CLX short at 6507,,,either it stays down here or i'm out near breakeven (4 cent loss)
331
raised stop again, 2096, to lock profits, SDS
320
1202 new resist on es into the close, then 1209/11 resist==
315
1198 impt ES support, daily support horiz,,,needs to hold here, else lower,,,holding shorts for now
314
riding SDS higher, manual trail stop, new stop now 2087\
\
308
1204 intraday pivot broken :D
257
Quick charts, why I'm in SDS and SCO (/CL is oil futures).
Double click the chart for a larger view.
247
1204 and 1209/1211 are 2 pivots to look at going into close: under 1204 suggests lower, over 1209/11 higher,,bearish bias atm imo
221
sds dipped down but did not hit 2069 stop,,,still in sds, same stops and targets
119
ES 60 min chart does have a bull harami, but it's unconmfirmed, and other chart landscapes suggest the bull harami may fail and go lower instead
119
ES bearish unless it gets a 3min and 15min candle close over 1207
117
73% confid sell signal on ES here now,,,needs 78--85% to really move tho,,at 1205 es
106
OIL futures volume on the bounce was much less then the selling earlier today,,still see lower oil swing
102
OIL has moved up,,,will ES SPX follow (on 3min charts),,tho oil now approaching resistance
101
ES now at the time that bulls "need to do something", intraday only not swing related,,,watching next 3--17 minutes, stops set in SDS to protect profit as posted b4
1245
21.70 SDS trgt, last 2090 (trgt calc using both rectangle target and prior high test)
1231
intraday ES is running out of time for higher, for bulls,,,still watching this window,,still bearish atm imo
1219
at 12:10, ES is under the 1210 zone estab at 11:35AM,,suggests poss lower prices if it doesnt move up soon, intraday, still in the 1230--1pm move up "or else lower"zone, last 1205.25,,for swings still in the 4 hour bearish sideways chart period
1157
3min ES has a bull diverg on macd hist and rsi,scalp only long, tho i'm not taking it...remaining short for now...there is not really any volume diverg
1153
eventual SCO trgt is 48.73,,,another 10-12% higher or 23-25% net profit if hit,,not sure if it makes it up there without taking profit first and re-enter, last 43.57
1150
can always re-enter if merited, if stopped out
1149
2069 stop on SDS, to protect profit from trade entered hour or 2 ago...2095 last at 1203.50 ES
1146
ES daily volume is low atm,,,there are plenty more sellers imo,,,the supports need to hold
1143
tightening stop on half of SCO now,,looser stop on second half, at 14.1% profit at the moment
1142
covering half of shorts from ES 1215 here for 10 points profit, or 1.56% SDS
1136
imo, to do "swing" damage, bears need close under ES 1196/98 (bulls must hold over it),,,still holding all shorts for now
1135
further if ES doesnt move higher by 12:14pm, chance are reduced imo
1135
IF ES is under 1210 at 1230PM/1:11 PM, would be bearish,,struggling here to get higher
1117
my charts suggests sideways and bear lower bias for next 4 hours in SPX
1111
thus far,this is a bad reaction to the 1207 test,imo,,bearish
1108
es "should" hold on first test here of 1207/08,,,and bounce,,,if not would be bearish,,,
1106
1202.50 trgt if 1207 breaks lower
1106
1207 ES impt support,,watching to see if it holds or breaks
1105
still holding short from ES 1215,,last 1208.50
1031
shorting ES via sds,,,in SDS 20.57,,,at es 1215
1023
raising stop on SCO to 42.37 from 38.40 entry,, for 10.33% profit if stopped, curr at 11.17% profit
1017
1218 es may present a short opp if it hits there,,will see what charts look like
1012
ES just broke minor intraday support at 1214,,watching reaction,,,could see lower ES SPX now as result of minor break,,still short from ES 1243--1265 swing
1006
USO (oil) double top, swing, daily, on Nov 16 and Dec 5,,still see lower oil US0,,CL futures,,higher sco
956
/CL oil futures: some higher vol selling here,,higher than 930am
943
SCO swing (oil short) is at 12% profit atm,,,may take profits on half,,,stop on half is just over fridays high,,,stop on second half is looser, higher--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".
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