Friday thoughts

357
but gap analysis is ONE TOOL, i dont trade based only on that

356
with the method i use, some days the gap analysis is "inconclusive / no comment",,,,today it does eval to gap down, fwiw

353
my gap analysis also suggests a gap down on monday, IF SPX closes near here or lower

343
i still have an early entry (read: agressive) swing entry setup for vxx long swing,, my stop is BELOW 23.50, below daily support, for now

340
imo--failure to test 1373, is v bearish,

338
danger will robiunson, danger

335
it it fails to test 1373 it could be a bearish warning on ES

333
ES now testing the 60min downtrend line, same one as mentinoed earlier

307
Sell signal is close to going to 78% from 74%,,,but hasn't confirmed yet

237
VXX is at 1% scalp trgt now from entry this morn, swing targets highre as posted b4

234
vxx 15min chart continues to suggest poss breakout higher in vxx, unconfirmed atm

226
if CAKE can rally up to 2988 then i'll add more there to my short swing position,,2926 last,,,,else may add more at 3:50--3:58 PM

222
1371 could break higher, watching reactions "near there"

221
ES downtrend line resist is 1371 on 60min chart

219
but i will hold the VXX

219
took some profits on NSC shorts,, i still see lower but it may bounce first ,,,so taking profits while they are here,,75% profit on half of NSC options

210
one reason for BLX long is large green candle on Feb 23 , think it will make higher hi, daily and 60min in a bull flag

152
took profits on half of REN here ,,,its moved viciously last few days, and may start to put in small daily candles, or a bounce,,, moved over 11% in 3 days

116
ES at impt supp now 1366--it was yest bounce area,,,if this breaks, another 5 points fast could come intraday, then even lower

109
if REN hits 1020/1040 it can fall off a cliff another 10-20%,,,last 1058,,,per daily chart

104
BLX and AEE longs have not moved today, but they are flat vs ES down 0.44%,,,so holding up ok for now

100
currently have an order to take profits on vxx if it hits 25.47,,,may exit partial shares earlier, may add more later (higher or lower)

1220
CAKE short,,moving lower,,,may see 2900 supp test,,,if the 2900 breaks, panic selling, but expecting stall at 2900 first

1216
VXX is now at an EARLY ENTRY swing buy imo,,,using the 60min and daily charts,,its EARLY

1208
i have 74% buy signals on VXX

1206
VXX 60min range has narrowed, but imo,,, i like it,,, if it breaks higher then it can pop nicely,,, i think the move on a break higher would be greater than a move on a break lower

1143
2547 stretch trgt daily vxx

1113
6600 and 6450ish would be next lower trgt on NSC swings, last 6790

1110
IF 6750 NSC breaks, it could move lower fast,,,BUT stall expected near the prior daily supp in that area first

nsc=transports proxy, weaker than the transport etf IYT

1108
wow that was fast, nsc hit 6786, close to trgt,,,still looking lower nsc,

1106
NSC just hit the 6820 mini trgt, now watching for 6780 and 6750 lower

1105
ES sell short scalp alert at 70%,,,needs 78-85% to move

1025
vxx possibly going to move higher ahead of es lower,,,on the 3min charts,,,

1011
if it hits 6820 nsc should give 6780 test, last 6830

1007
NSC puts still only at 50% profit, but if VIX moves higher, and NSC lower,,,the puts will quickly increase in value,,,holding the puts and shorts for now

959
this opening choppiness we see,,,its often tho not always, a topping bearish characteristic

958
btw,,,an additional risk mgmt tool that i use in addition to stops is ...diversification with approx 10 open various positions,,not all eggs in one basket

955
choppy trade this opening 30minutes, could result in a move lower today

948
in VXX 24.09

* 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".