Wedn ramblings (and Tues eve ES futures)

541

Been buying the VXX afterhours at around 29.30ish.

For the small port, added 200 shrs vxx 29.33 ... wide stop, might hold for weeks not days (though will take profit in days if it presents itself).

vxx put in a bullish hammer today (unconfirmed....needs close tomorrow over todays hi to confirm)

409
i know its not popular... but there's a chance that 10,754 will be the high for 2010 ... right now, i still think that... up and down the rest of 2010, under the 10754 ... i will become bullish if the 10,754 could be hurdled and susatined, then the DOW to 12,000ish (11,9xx) .. but i don't see that now
 
408
we came sooooo close to my DOW 10,754 target today.... yesterday i suggested that the DOW was not finished on the upside.... now today, i'm not so sure.  That might have been it.... today... for awhile... b4 pullback... cannot tell....

407
i am PREPARED for another LOWER LOW in the tza... i do not expect it, but will not be surprised. i will hold the tza even past the current yearly lo

359
small port net daily profit $238

359
1000 tza 8.89 cost

356
bought 500 shrs tza 1887

355
out of pfe........sold 1924 in small port

353
preparing to sell pfe


at the mkt... not yet ... 400 shrs
 
 
350
pfe daytrade survived the .23 stop... preparing to sell into the close that piece...400 shrs small port

350
keeping the small pfe swing..still more up methingks

347
one cent away from small port pfe profit stop...not changing it

341
small port 1923 stop pfe........lock the profits

334
15 cents from my tza buy limit

333
stop pfe 1914 on 4oo shrs pfe...

331
dow...about 60 points to target.... we mite get it today

330
CANCELLING my .31


limit order to sell
 
327
HIGH RISK BREAKOUT buy here, if filled

326
large port...limit add more pfe .23 limit if filled .. last is 1926

324
93% crouch tiger confidence daytrade in the pfe here....

323
selling some of ge from large port here at hi .90.... saving some of course for the 1707 1747 targets

320
another crouching tiger bullish daytrade forming in pfe now... 89% confid...if 19.20 is held.. without the 19.20...confid is 81%

316
i will likely put 500shrs tza in small port today b4 close sometime..not 1000.... want to participate in the tza move up... for tza swing

309
my work suggests SPY has unfinished biz on upside, or at least sideways chop... last spy 114.58

306
grrr my limit sells are missing by 1-2 cents....

304
looking for pfe to hold 1918 here else risk 1912

300
pfe stopped me at .23 even tho price only hit .24...oh well

300
pfe stopped 400shrs 1923

257
stop 1923 not 1924

256
the 200 shrs 18.00 to be adjusted later

255
pfe small port stops: 400shrs 1924,,,400 shrs 1907.... 200 shrs 1800

251
small port daily profit...$272....could sell now and take the day off

2239
sellingsome pfe from large port at 1929...the 1931 limit still there too.,.,  but not getting left out over 1-2 cents again...

48
pfe 1928...new HOD

246
pfe at 1925 now...ready to test 1926... see if the 1931 lim sell fills...partial sell only...keeping shares for 1968 or higher

245
if PFE was an asc triangle daily (thus far it broke out..)...then it needs to hold the 18.90 on any backtest

242
small port 25k could sell all now and take 239 profits for day... but i am holding the pfew in small port

241
1926 didnt fill...so if we get a new high, it should exceed the 1926, hence my raised order

239
1926 limit sell changed to 1931 lim...or may sell manually if we get there. on pfe.

237
digruntled with ge... selling some of my ge larger port here at 1884 into strength...not a bad price...keepin rest... i have no GE shares in my small port tho

236
they r whippin this pfe around...

233
lol this pfe 1926 just wont fill...its hitting 1926 but i'm too far back in line i guess
   
230
1926 pfe target hit but no fill

229
will prob get stop out of ge...once cent away still wow

227
grr missed my pfe limit sell by one cent... still have the limit

223
1926 limit filled for partial proftis in pfe...large port

222
if ge goes down one more cent....there goes rest of my ge....stopped out... took some profits b4, stopped out here (small port took profits already, no ge in small port)

220
tza at 9.01 looks like a bargain, cheap... but not ready for me yet... cheap could get cheaper... will buy when its moving up, or at least sideways, even if pay 9

218
1926, 1931, 1968 pfe trgts

217
pfe might get tricky n hit 1912 then bounce higher...watching....

214
large port ...lim sell some pfe 1926 if able... 1919 last

208
it really has no biz under 1914 for daytrades.... nonetheless stop remains at 1907---small risk under the cost
 
206
pfe mental stop 1914... for daytrade...still keepin swing pfe for now
 
204
1908 stop pfe...will raise again shortly

202
tza could go under 868---new low is poss cuz of dtl on the support...but i'll buy at 1871 still

200
MARKETMAKERS raising the ask on pfe.........now its got some upsdie room

159
more precise targets to follow....the pfe 1968 target

158
the pfe green candle daily.... double the current size is my target

155
tza moving up a lil...but likely pullbak...too early for me....

153
pfe breaking...yes...new high 1918.... lots of selleres up here in pfe tho...they need to step aside lol

150
daily n 60min pfe lookin good...

149
cmon pfe...give a pop for the small portfolio...cmon lol

148
133t chart...pfe inv bull HS

147
tza looks like unfinished biz on the downside...waiting for 1871... will pay more after it bases, else 871 for now for swing

136
pfe daily and 60 min suggest pfe has more unfinished business on the upside in coming hours or days

135
stop 1907 on 800 shrs of pfe not 1000... might keep the other 200 swing

131
lol pfe still at 1915

119
pfe "should" make new highs over 1916 today...

117
preparing to buy some tza swing.... not yet but looking... 901 last

114
stop 1907 pfe in case of sudden downspike....

112
pfe 1916...testing high of day

111
mental stp 1909

110
looking for pfe to hold 1909...stop set lower at 19 for now...will raise ltr

109
filled finally on pfe 19.13

106
limit buy 1000 pfe 1913...last 1915

102
maybe buy 1907ish

101
considering more pfe long....small port... not yet... last 1912

1257
small port took profits in ge...

1250
get stop 1680 to lock profits...free ride continues...

1247
out of that axp mess....small lil loss....

1244
targets ge: 1688, 1707, 1747

1243
ge hitting 1687...but i am not getting filled

1242
axp hit the 4212...only a marginal break...watching for new highs

1241
limit sell 20% ge large pos 16.87

1240
ge reaching for 1688 trgt...1686 last... :) break of 1689 should trigger upside accel

1239
axp 4210 test rite here is the coil R line perfect touch....watching////

1238
axp needs 4212 for marginal break out of coil....a

1234
limit buy 1000 tza 8.71 small port... prob no fill but its there

1232
pfe in larger ports still ok...stilll rising...

1228
large port...selling some ge here 1683...its stuck here...expecting higher but take some profits....

1227
poss new low in the tza...as it backtests wedge thingie

1225
i want some tza swing...just tryihng to find entry....last 9.09

1221
axp is in a 3min coil...trying to trade that

1214
either ge hold here n breaks out or i'm not interested... to hard to watch it as daytrade...stops set.. no risk...

1213
ge stop 1677 for a free ride....

1211
axp refilled...stop 4193

1209
500 axp 4207 lim if fillled .small port. stop 41.91

1205
dow now 66 points from my 10,754 max target since nov... could overshoot but expect reverse there... sustain over implies 12,000ish...details in blo

1202
1667 hard stop still

1202
ge mental stops at 1675 and 1673

1200
GE is at boll band extreme here at 1680.....lots of R here

1157
charts say 1680 will break for 1687

1155
GE will face R at 1680...last 1675

1149
small port pfe profits taken... stopped out... about $80

1148
long 1000 GE 1675 stp 1667

1144
pfe stop 1904 small port

1143
small port took profits $135 in axp

1142
4221 lim sell axp filled....partial sahres large port

1140
4221 lim order sell missed by 3 cents so far...grr... still in place... large port only
 
1137
axp stop 4211

1136
larger port lim sell a piece of axp 41.21 limit

1135
pfe testing R here...needs to break else i will take profits... last 1909

1133
larger port i will set some lower stops too, in order to stay in...small port 4196 stop 100% shrs

1132
axp rockin...stop 4196 as it is near R now...to lock profits

1129
pfe stop 1903 to lock profits

1127
stop 4185 axp...larger port taking profits (some) here at 42

1124
axp hit the 4192 target also :)

1123
pfe bull crouching tiger 87% confid with pfe over 19.00

1121
looking for pfe to re-test the 1910 soon or may exit that one... charts say it should retest in next hour. last pfe 19.00

1118
axp targets:4192, 4206, 4221, 4233, higher later. stall at each. main trgt is 4221 for now

1112
*stop 4147

1111
500 axp long 4184 stop 4160 for now
 
1107
sso could go higher but i elected to save $$ in small port, take the $34 loss

1106
stopped out sso... small port loss $24 + $10 comm = 34 loss

1102
sso 3967 stop

1101
sso 3793 trgt first

1100
sso bull crouching tigert with sso over .70

1054
looking for sso to hold .64 else may exit early

1048
watching for poss bear HS setup in sso 3min....

1047
in sso 3978 avg cost, 600 shrs small

1046
3973 sso R...see what happns there...last 3969

1038
stop 1885 pfe

1037
small 1000 pfe again 1898

1029
small 300 sso 3959

1016
pfe stop moved to breakeven...

1005
taking some not all 1% profit in PFE in large port, holding in small port

1003
pfe breaking out...1902 last....new hi.....sso lagging

949
buying 500 more pfe 1895

944
small port 500 pfe 1893 long

938
sso stop 3947 for now

936
filled 3997 sso stop 3763 for now...mental stop at LOD

931
buy 300 sso 3994 lim if filled

848am
yes.  watching to see if 1135 holds, then 11343.75 horizon support ... also the ES broke OVER the 60min DTL and is now backtesting it... see if backtest holds as support or not

Wedn 8:30AM
ES is in an asc triangle, bull inv HS right now. If it can hold 1135, and then break over 1137, then the next target would be 1142.

A break of 1135 would have 1132 and 1128 as intraday targets.

Right now, I favor the 1135/37/42 scenario.

Tues 11:28 PM
unless chart landscape changes (we close over today's highs) I plan to short into the rallies .. another close below today's low would continue the bearishness .. today we got a close below yesterday's low, as i expected....

i will continue to trade both long as short, as i did today... with a bias to "short the rallies" for swings.... for now...


* 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".

Trading ideas (swing) long and short

Currently considering these. They are not all "ready" now... brief notes below... more analysis to follow....

Any comments or ideas are welcome.



Long
AXP day asc triangl. 60 min 41.85 stop.

HD day went down but only to support at 2802. stop 2785. 60 min bull diverg maybe...on rsi not macd. watch 60min for macd stoch rise. early entry.

GILD daily to test R in current downtrend from Nov. 60 min inv HS.

LLY

GILD

utx. stop 70.73. daily macd hist cross over 0. watch 60min.

trv long to 4990 then short

-------------------------------------------------------------------------

SHORT
HPQ

KO but stop 57.10. short only if the 57 R holds at the open. KO bounced up to test R,,,,see if R holds.

csco at 24.42 last 2419.

trv long to 4990 then short

* 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".

Dow 10,754.... gone?

Today the markets declined. Is Dow 10,754 target gone?  Was that it?

In short, if 10, 553 breaks, then that's it, for now at least. But 10,566 has held, so the 10,754 is very much in play.

My work suggests that if DOW can hold 10,553 and then hurdle over 10,677, then 10,754 could easily follow. Today, we say declines, but "technically" all that happened was a decline to support. And support held.

The daily canlde for the Dow certainly has bearish overtones. However, my work suggests some whipsaw in the DOW, and if support holds (which it has), then there should be a test of the 10,677. And that could put us on the way to 10,754.

Now, the QQQQ is a different story, and has been more bearish lately. Charts also suggest whipsaw in the QQQQ, with a smaller move higher on any bounce tomorrow.

This could go either way. I have a short signal in the QQQQ and a long signal in the DOW.

If/ when we get to 10,754, my view remains the same. Just one person's viewpoint, of course....

More details at December 19, 2009 post:
http://christopherstockguy.blogspot.com/2009/12/dow-10754-resistance.html

http://christopherstockguy.blogspot.com/2010/01/dow-10754-still-key-number.html



* 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".

tuesday ramblings (and Mon nite futures)

406
my 58% profit from options sounds fancier than it is... naturally the dollars invested in options are less than those invested in stocks... dollar profits matter, not percents


401
small port change from yest... up $486

351
stop 1897 on 75% qid swing

340
oops out of HON...small profit nothing great...missed my 4524 trgt grr ... better than a loss

338
if the qqqq closes under 45.85 then i will keep 25% of my swing in qid... and take profits on other 75%.. i am tempted to take profits on 100% but my rule says "don't cover yet... keep some qid"... so i'll take the small risk

332
qqqqq 60min bear flag...prob wont manifest today

329
heres 4211..... lets see if it goessssssssss

328
if hon gets 4211 it should pop up nice

325
hon stop 4194

322
hon needs 4211

320
hon trgt 4523 first....

314
looking for hon to test 4209 and break higher...small risk,

313
daytrade into the


close...long 500 hon at 4203 stop 4187
 
mental stop 4199


307
charts suggest another pop up grrr

305
small port still has 500 qid...

302
still in the qid.... grrr the 4577 was the high of the bar that took me out of qqqq....4577 stop n 45777 bar hi....grrr

300
charts suggest lower qqqqq in comoing days still.......... but this mkt bounces up like crazy at the MAs....

259
COVERED the qqqq..took profits... still in the qid

257
this pop up in qqqq makes sense given that suspicious buying I mentioned below....

248
4560 support just servived another hit....

246
4553 qqqq mini bounce... i needed to draw a second support line....suggesting the lil bounce is weakenging.... 4564 last

233
qqqq has a coil...broke lower, and backtested... backtest up not complete yet...see if R holds

228
but theres another DTL that allows more upside....

228
i drew a 3 min trendline qqqq... the qqqq is doing near perfect touches to the DTL resist.... close here...bias down

222
my other charts still say --dont go long qqqq...dont cover short qqqq just yet.... but this buying is suspicious... not right lol

220
strange... my software showing BUYS,,,, but prices declining....hmm price rule but still interesting
 
217
4567 R held so far...

208
12/31 4575 low in qqqq... see if it converts from supp to R

200
testing that 4567....now

158
4574 stop set on the qqqqq short....wider for qid

157
qqqq.... crouch tiger starting to form,,,bullish qqqq...wathcing it

155
4567 qqqq test again.....

153
4567 4576 qqqq resistances

151
pfe could breakout after it chops around...but not holding any now...let it settle n decide, for me

150
possible qqqq backtest all the way back up to 4628 .. certainly will not hang around for THAT lol... no sign of that now... future poss trgt

146
4560 being tested...needs to hold else LOD n lower to 4541

144
the qqqq 60min is putting in a bull hammer, but its small and would need confirmation with close over the hammer high

142
and the q's need 4567 hurdle sustain

141
qqqq need to hold 4560 or lower low is prob...last 4565

138
no crouching tiger

138
no 3min rsi bull failure swing for qqqq bounce...yet...failing thus far....

137
there is a mini bull inv HS in qqqq that points to .73ish as mentinoed b4...but that could also just be a painted chart

135
ok lets see if the 4567 support was vconcerted to R as it tests it here

131
chart setup in q's for bounce to 4573 if manifested... 78% confidence only tho

127
qqqqq should have sellers waiting hangin at the 4585ish....

123
qqqq under 4561 is great...over .67 iffy,,,, to me

119
i was one day too early on the qqqq shorts yest.... maybe 1 day early on the pfe breakout? not so sure but will see... small swing positino left with stop set, for now

116
qid stop 1877 for now...will adjust later..for swing

0110
qqqq foloowing intraday roadmap so far.... need 45.41 / .33 to setup bull diverg for lil bounce

0102
qqqq 4565 then 4541 is what i want ... over 4567 it gets iffy

0100
there is no diverg in 60min qqqq ... suggesting lower qqqq in coming days....bounce poss but lower expected

1259
3min bull diverg starting to form in qqqq....but certainly does not rule out more down in qqqq..... still malforemesd

1258
watching for poss mini inv HS bullish form on 3min qqqq

1257
selling some more qqqq puts....58% profit... still have 70% of contracts left

1254
DOW came close to 10,754 target...maybe it wont make it? unsure ....

1252
qqqq mental stop 4567...last 4556

1252
target: qqqq 4541 support see what happns if it gets down there

1251
. lower low expected.... lod 4559 last 4564

1250
4573 tite stop has held so far....qqqq continue lower... nnice

1245
interim qid trgt now 19.24 then 19.51

1244
4573 stop on the qqqq shorts....same ole stop in qid

1242
4573 mental stop in qqqq shorts....under 4573 could go under 4559

qqqq rite at daily 20ma support here...watching for boyunce vs break lower

lol somehow PFE hangs in at 1886 (got stopped out of 80% of it tho for lil loss)

stop 4577 on qqqqq shorts...

1228
selling more qqqq puts.... 42% profit daytradde

1226
stop 4581 on qqqq shorts

1225
qqqq broke marginally the prior low 4575 with 4571....will it hold lower or bounce? watching.... titen stops on 50%

1224
1904 target hit on the qid....still holding for more

1223
1886 met....close to


1904
 
 
1222
yes. qqqq falling.... QID targets: 18.86, 19.04, 19.51, 19.84, 20.21, 20.60


1220
selling some more qqqq puts for 13% profit :).... still have 80% left

1217
more pfe 1890 stop 1886///couldnt get 1889 fill

1210
cond order: buy 1000 more pfe 1889 stop 1886...risk 3 cents

1158
wanting qqqq to stay under 4595 here.....last 4594

1154
pfe survived stop by 2 cents so far

1150
taking a quick 5% profit on qqqq puts options...
 
1148
small ports nervous pfe could exit now with $50 loss

1140
pfe is showing a bearish inv crouching tiger setup with risiing prices...this is rare and usually means an explosive move up... but its only in the 3 min time which weakens it

1139
pfe break under 1888 could see 1880/78... last 1890

1138
yes. qqqq stop survied by the 3 cents...

1137
yes. as expected qqqq broke .96 now at l.92 headed for .82

1135
pfe is trying to break higher but its fighting a downtrending mkt intraday...doing ok still...want it above the .90 ideally

1133
3 cents from this 4603 qqq stop breakevenn....
 
1122
if qqqq see 4602 could go for 4607 then 4613... don't want to wait in there as a daytrade, ok for swing

1121
qid stop remains lower for swing

1121
qqqq cover at breakeven 4603...new stop raised

1118
80% confid on qqqq break of 94

1117
4594 should break lwoer qqqq...last 4595

1109
wanting pfe to hold 1888 here...last 1890

1106
qqqq needs hold 4596 else 4591 4582

1104
TARGET: PFE 19.68 with stalls at 19.03 ... will find interim targets later...

1100
and the qqqq retreat as the pfe trys to breakout :)

1059
pfe at HOD again...trying for breakout....

1055
nervous qqqq could exit here breakeven....qqqq could see 4613 or 4617

1051
if qqqq breaks 4603 i might cover my shares near breakevn then re-enter...unsure

1047
larger ports would buy 50% of their port in pfe... daytrade piece

1044
a pfe stop could also be more loosely set below yesterdays low (lower stop)

1042
PFE has nice bull asc triangle in the daily chart... but i didnt chek news earnings etc for poss swings....will chek later.. for swing trade like to chek those

1039
pfe stop 1876 for now...will raise again later or maybe exit early...

1032
looking for pfe long to hold 18.90 / .80

1030
there is a lot of R at pfe 1895 but if it breaks should give a nice surge due to resist for last few days

1029
pfe is a momentum breakout trade near the high of day....

1028
long pfe 18.93 stop 1880 daytrade .. 1000 shares

1017
yes. i tried to short at 4604 on a stop clear move,,,was not filled, so paid the prem at 4602..... only hit 4603 so far, and headed down again :)

1015
i expect 4614to be resistance to hold

1014
stop 46.21 to cover qqqq shorts, for now

1012
4602 hit not filled yet

1011
one cent away from short fill....

1009
short 4602 not 4604 lim

1005
limit short 500 qqqq 4604 small port

1002
considering more qid at 1875 unsure now

1000
qqqq 10min chart doesnt even have bull diverg or other buy signals intraday

959
charts suggest lower qqqq but this mkt has amazing ability to bounce lol

952
small port sell 500 shrs more at 1885

951
profits taken at .87 on 500 shrs

946
qqqq close under 4590 today will prob prompt me to add MORE QID swing

935
qid stop 1863 raised to protect n guar a profit

915
moving qid stop to 1796 for now.... will re-eval and raise after the open today

939
yes
1884 qid target hit exactly... sold 10% there (large pos) .... small positions stop raised

856
i still want vxx again... haven't re-bought since taking profits... a multimonth hold in the vxx

839
the ES could be forming a HS that would cap it at 1139/1143ish (under the 1148 high) ...see it?

834
right now, ES is testing the 1133 at 834am,,,before 930,,, interesting... expected that that after 930....

825
QID targets: 18.86, 19.04, 19.51, 19.84, 20.21, 20.60

7:30
TRADE: yesterday I added to my swing shorts via long QID.  Increased the swing position by 50% at 18.41. Will be watching the open today.

Tues 7:27 AM
ES futures declined overnight to a low of 1133, with a current price of 1136.

The 60min ES uptrend line has been broken, so I am watching for a 60 min trend reversal of 1) trendline break, (2) lower high, and (3) lower low.  Right now, we have #1 confirmed.

There is resistance at 1141 ES that needs to be hurdled. ES less than 1141 is bearish to me.  1138 is also important resistance because it was yesterdays support (now converted to R).



* 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".

Monday ramblings / ES Futures Sunday night

358
small port loss on qqqq short... $180ish ... keeping qid swing


335
dow 10,754 is about 85 points away

332
stop 1817 qid

310
so far,,,,qqqq exactly at 4632 Resist has held....watching it

305
over 4636ish qqqq i look at poss covering the shorts....

304
qqqq under 4632 is ok short for me... poss beadfake to the 4634ish area

302
... still have that 4591 target in qqqq but not moving there now anywayz

301
qqqq triangl trgt 4601 if it breaks lower

259
valid only if qqqq under 4625/29

258
qqqq 3min bear desc triangle since 1230pm today

245
gild 4473 looking to hold

231
charts suggestit will break lower

231
if qqqq 4617 does not break lower, will consider covering the qqqq shorts

229
for now, marketmakers are putting selling pressure on qqqq, lowering the bids and asks

227
qqqq backtested up from the broken wedge. the R held at .26 for now, and qqqq headed back down....

220
looking for gild to make higher highs today

209
ideally, bears need to hold qqqq under 4625 on the backtest up here

205
qqqq 4612 test expected....need to break that to get any downside momen

204
yes. qqqq broke the wedge lower.... backtest up is poss

202
qqqq testing wedge support here at 4623

202
qid bull pennant

201
qqqq bear rising wedge intradday

156
gild still going up nicely

153
qqqq bears pref want to hold qqqqq under 4630...last 4625

147
larger positions... gild moving back up here.... smaller ports r stopped out of gild :(

119
looking for test of yest lows in qqqq

107
small port short 1000 qqqq if no buying power to buy qid
 
104
1000 more qid 1865

1257
loooking for qid to hold 1860/57 .. last 1864

1251
in 1000 qid 1865

1220
grr took loss on wfc daytrade stopped out....

1219
despite faz green i like wfc here

1218
long wfc 2874 stop 2858.... small port only 1000 shrs

1213
stop .84 gild in small port... for $80 more profit ($152 total on 2 gild trades0

1211
4479 stop gild

1209
GILD mental stop at 44.83.... it is steep trendline support... last 4489

1201
GILD targets: 44.77, 45.07,, 4520, 4547, 4594, 4628... 4477 target already met

1158
gild 4487 now...still good...new HOD

1155
grr so mad at txn...now bak in profit zone...i took a loss on the whipsaw there.... resist at 46.10ish in txn now

1148
stop .73 in gild now....raised

1145
swing trades i hold overnite,,,, daytrades i take a piece off for scalp,,, and keep rest for breakout... gild trgt .97 for now

1141
took profits in .81 (half for small ports).... $80 profit for small port

1137
gild .71 stop

1133
gild new HOD :)

1131
scalpers in small port would take the $100 profit here in gild... i'll hold this time

1130
stop 44.40,,,,mental stop 4459

1129
trying for gild breakout, not just scalp, but locking profits as they come

1128
small port...1000 gild again 44.65

1123
took profits in gild scalp....pays for txn loss

1120
gild stop .70 for now... free ride up (5 cent profit lol if stopped)

1119
GILD breaking out... at .72 now ... stall at .77 expectred

1118
in gild long 4465 .. in gild long 4465 ... small port 1000 shrs...stop 44 for now

1116
long 1000 gild 4462 limit

1100
txn stop .77

1053
need to trade both long n short on these kind of days

1052
but i'm hedgeds in qid via long txn

1051
took profits on qid at .57...stopped out... still have some at stop .47

1043
txn stop 2580 for now

1042
small port: trying 1000 long TXN 2595

1034
grr out of AA breakeven... to indecisive

1033
STOP 1737 AA

1031
small port: aa stop 17.39 for free ride up (breakeven(

1029
caution: TDAmer orders r slow today... at least for me... making sure i have emergency stop orders in place (below my actual mental stops)

1026
qid 3 cents from stop #1... will not change that one... small port will take $73 of $146 profit if stopped

1022
mental stop AA .33....want to hold that... last .35

1020
nervous AA long could exit here breakeven... i'll stay long a lil more

1010
small port: qid stop 1857 on 500 shrs,,, 1847 on 500 shrs ... need to assure profits in this market lately


1009
25k port could take $150 profit here, but i'd hold longer

1008
yes. qqqq hit 4627 target exactly.... bounce up here is ok for q's short

1005
in AA long 1738 stop 1724 for now

1004
will try AA long 1737 lim if filled (poss short AA later)

1002
QID over 1845 is bullish for qid.... can drop lower but 1845 ideal

959
QID STALL here at 1854 is expected....

952
targets downside:-- my qqqq target is 46.27, 45.91, 45.51, 44.30, 4473 for now

949
might consider short AA at 17.97 if it gets there....last 1760

942
GE hit the 1684 target this morn... sold most of swing...mayb buy back... still have a piece of swing in GE.. last 1662

940
nervous 25k port could exit qid now at breakeven... i'll stay in

939
QID swing surived the .23 stop..... it only hit .30 low

9:20
One reason I like QID (short qqqq) instead of short sp500 is that lately the nasdaq has been weaker... why i chose qid instead of sdswhy i chose qid instead of sds

9:19 AM
NQ (nadsaq) only up .12%  vs .34 for ES (SPY SP500) ... qid swing is ok for now

* 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".

DOW 10,754 still key number

DOW closed Friday at 10,618, which is only 136 points from the 10,754 target.

Since November, the DOW 10,754 has been key to me. Nothing has changed, it is still key to me, if we get there. expecting Resistance and reversal. DOW might not make the 10,750 but it certainly is within striking distance.

if dow gets 10,754 i will be interested to see the reaction there... actually right now i dont think it will exceed the 10,754 in 2010, unless chart landscape changes. i realise that sounds very bearish. it all depends on the market reaction at 10,754 if it gets there.

However, since December 19, the DOW has developed some more bullish signs / potential.

My expectation is still a turn down at 10,754, with a 14% decline (not all at once of course).
But if 10,754 is hurdled and sustained, the next target would be 12,000ish (more precise target later).

More details at December 19, 2009 post:
http://christopherstockguy.blogspot.com/2009/12/dow-10754-resistance.html


* 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".

Swing possibilities: AA (short)... GE (long)... QID... more...

looking at both long and short swing opps...

SHORT
(1) considering SHORT AA... on monday... sell into any further rally... chart suggests pullback... more analysis and details later, along with other Long / Shorts

(2) Also currently short QQQQ (via long QID) ... i'm in QID for the second try.... toook loss on first try, then bought back lower... QID poss bear HS 60min so watching it... but also bullish QID indicators prompted me to go in QID

(3) Considering short financials via long SKF / FAZ... waiting for SKF consolodation and base to form, waiting to see if it declines further or gives a type of dbl bottom

LONG
(1) GE (current swing position) is is starting to carve a bearish divergence, but looks like it still has some more upside before the bearish divergences complete their formations and susbsequetnly manifest themselves in a move down... sold some already for profit..might add more shares on monday....requires more analysis tho...

GE swing has been VERY GOOD so far, over 5% in one day,,, up nicely...

(2) more analysis and details later, along with other Long / Shorts




* 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".