Wede thoughts

330
tza new highs,,,watching what it can do,,,posted b4 new highs poss in last 2 hours,,nothing fantastic yet, marginal only, but watching these reactions now

318
if 1244 es breaks, same trgts

246
73.47 IWM below the market may trigger selling, could do tza there (agressive_),,

243
if that ES 1243 breaks,,,could get nice downside continuation here

227
still holding sco (short oil)

226
scalp gave 27 cents on tza, about 1% profit in 30 minutes,,still holding swing tza for now

218
2677 tite stop makes sense if scalping tza

217
tho a volume divergence in oil may be forming now,unconfirmed, needs more time

217
oil also moving lower, and no volume diverg on oil yet, so still lower likely for swings

212
tighten stops if scalping tza from 2650,,looser for swings...this time of day,,,tza could make new highs,,2675 last

201
tza 2650 agress could work here

201
es 1248 sell signal warning 73% confid atm just triggered

144
from a swing perspective, tza 60min chart is only in "warning mode"...it will usually retest such warnings higher first

143
i have a "wait on more tza" setup,,,but holding half still

111
so 1244--1250 zone for es atm, until it breaks either way

111
conversely the 60min es is trying to form a BULL harami bounce candle pattern, so if it formed, that would negate the 15min pattern

107
the 15min ES has a modified bearish 5 methods continuation candle pattern on it, but not confirmed yet

100
(using distance between the 2 boll bands approx, tho doesnt line up with horiz or trendline resist)

1256
2730 intereim TZA trgt on break over 2693

1242
watching for poss tza entry at ES 1250-1251, see what it looks like

1227
poss tza long setup forming in 1--6minutes

1159
1240--1243 ES is its breakout higher area (from last wednesday/thurs),,,bulls need to hold that support else risk 1222 lower

1145
tza just hit 2688 swing trgt 2,,,,still have same higher ones

1144
ES is at 1245,,near the 1244 sell signal trgt,,,watching reactions here

1137
cl futures 60min chart does not have a volume diverg yet,,,heavy selling all 3 candles so far, suggests lower oil eventually

1134
Oil had a small break under yest low while i was typing, watching reactions now

1134
oil has enough momentum, and is volatile enough, to break yesterdays low on first test try---watching reactions now

oil has enough momentum, and is volatile enough, to break yesterdays low on first test try---watching reactions now

1132
oil sco is rocking now, up almost 4%,,near its swing trgt 1 but still far from trgt 2 higher

1127
oil---USO has a small break below yesterdays low,,,cl futures have not test its yest low yet,likely soon

1125
marginal break lower in DIA dow,

1124
heres the mini pullback to test ES support intraday,,,needs to hold 1248 else 1244 trgt

1052
sell alert on es at 74 % for intraday small move lower

1039
if tza can get over 2685 resist, and then get over 2717, trgt 2796ish

1038
tza hit 26.48,,,last 2663, still in, last 2666

1028
tight stop on half of tza now, at 2646,,, last 2655,,tight stop on half of tza now, at 2646,,, last 2655

1027
bulls need to hold es 1250 else 1244 lower likely test here

1021
TZA hit 2649, so considering the 2633 and 2649 trgt of resist as being hit,,,small candles here suggest higher tza still if it can consolod at resist, for next swing trgt higher

1003
ES 900am--10am vol higher today than yest but lower than last Mon,tues,wed vol

958
*2633--2650 first resist

957
watching reaction at tza 2645--2650 area of first resist,then 2690, then 2820

956
oil shorts may require holding a few days,swing,SCO

944
oil is moving lower nicely,

* 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".