Tues thoughts

355
6545--shorted CLX (re-entered short covered yesterday at 65.00)

234
swing,,BELOW the mkt;;;97.17 oil short could work (i wont add there since i'm already short),,,last 97.27,,,could short USO or long SCO

230
heavy volume selling on 3min oil chart,,,watching reaction, could be impt into the close

217
oil 60min chart, weaker than spx es dow,,,may foreshadow lower spx as oil has tended to lead and move first recently

210
DOW JONES sell alert ,,,intraday, at 71% confid,,,,needs 78-85% to move more agressively, at DXD 1572

209
bulls need to hold es 1224,,,"should" hold on first test per support rules,,,failure to hold if it gets there, would be bad for bulls

208
Market Maker reports---they are still gently selling here,,,watching to see if increases or not

205
if SCO 15min chart can manage a triple top,,,it will likely break higher off the top (breakdown on USO oil) (that is bear triple top failure on sco ,,,to break higher not lower)

134
16.02 and 16.14 initial DXD (short dow) targets

127
Market Maker reports indicate they are beginning to sell here, small atm

125
3min chart on DOW is suggesting possible pullback, and it this time of day it could work nicely...will see

115
also using DXD at 15.65 to short Dow30

115
SHORTING at ES 1233 here, entry 1 of poss 2

113
there is a bearish volume:price divergence forming on SPY intraday as it makes higher prices here, still forming,, also a bearish MACD diverg on 15min charts

104
I will add more SCO lim 38.80 if it moves down there b4 moving higher, last 40.13,,,i may also add more at a higher price (esp if oil CL futures break under 9700/9688

1256
OIL futures CL have a possible bull pennant on the 15min chart,,,watching to see if it breaks to upside, then see lower oil even if breaks up first

1202
poss bull inv HS setting up on 3min and 15min SCO

1202
a 60min candle close over 40.50 and pref over 41.00 would confirm the bull harami on 60min sco (bear harami on oil USO)

1157
idea: watch oil---it will often lead ahead of the ES SPX TF russel qqq

1156
on the DAILY charts, we also have a possible bear eve star on USO oil, and bull morn star in SCO, forming

1155
a bull harami candle pattern is forming on 60min chart of SCO (bear harami in oil),,not confirmed or finished yet

1140
42.20 first sco trgt , last 40.32

1138
bulls need to hold over 1224 ES else could see larger pullback

1000
USO oil 15 min candle #2 is lower than candle 1 of today, oil moving lower tho of course could bounce, could foreshadow a pullback in SPX ES this morning,,oil often moves first

943
CL futures oil daily resist 97-98 area, hence the entry back short,,could go higher a bit more before lower

942
i see lower oil, then possible long entry later on covering

941
at 40.49 here, Buying back SCO i sold yesterday (oil short etf)

919
TNA jumped 6% overnight and is close enough to resist to take profit, so took the 6.1% profit from yest entry at close

900
premarket here,,Took profits on ES long entered yesterday at close, bought 1197.50, sold 1215. Also took profit on 75% of TNA bought at yest close.

* 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".