0410
VIX is now at 15min and 60min resist...so it should be fun
0405
not so sure we go down here before up first,,,i'm waiting to add shorts and am still hedged long in mcd and nke
0336
adding NKE here 7120, base now 71.51
0313
then see if es gets over 1073,,,theres resist there on 3min chart
0235
watch the stoch on SPY 15min,, often a decent move up comes when it first enters > 80
0233
15min stoch on ES at 81 now...thinking it can make 90 with another pop up,,, watching to see if 80 holds down or pops higher
0230
7 touches on the NKE trendline up...continues to hold thus far
0221
nke bak at 10min trendline support,,,watching to see if it holds
0213
watch for 3 green bars on 10min or 5min...3 white soldiers probable setup comoing
209
and...the expected bear trap has sprun as sps pop up here :)
202PM
the NKE 10min uptrendline v accurate... 5 touches so far to it with ahold on each and higher low each time,,, i'll stay long NKE as long as that holds up
0153
NKE at resist test now too...7192 should pop it higher else down again,,,bias up
0150
simple view ES: 15min rsi breaks 48 bullish, breaks 38 bearish,, bull bias for now
0130
MCD testing the HOD and yearly high now...i expect it to break higher,, 7420/30 trgt next
0121
nke just broke out of 10min coil...watching
0120
i'm getting buy prog warningf for mcd...watch next 15min
1252
but the macd bull diverg is valid :)
1252
*CORRECTION: macd line not ready to cross 0,,,wrong chart oops
1251
also 60min macd line ready to cross over 0 from spy (bullish)
1251
the SPY has a bullish 60min diverg on it, esp the macd lines
1242
MCD already
broken out of 15min bull pennant,,,this lil
move down is backtest, should
pivot up next
1239
but tna 3549 3585 3598 3670 with main 3599 3670 targets on quik glance
1229
mcd should see 7430 b4 7340
1226
NKE simple view: rsi needs over 60 then it should pop up nicely, on 15min chart rsi
1215
if triggered it will break the HOD after test HOD, pullback then higher
1214
MCD buy program warning,med strength at mcd 7378
1213
nke may stall at 7190, would be ok, last 7180.,,,higher trgts still valid
1207
in tna 3493 at 50% size
1203
my autotrader prog algo is close to entering TNA here3483 but no confirmation yet,,, algo has 82% wins
1202
MCD has bull pennant in 10min n 15min charts
1146
MCD just hit the 7378 trgt from 1134 AM
1145
15min ES has bull harami
1137
ES has marginally broke over its 3min DTl...wtaching to see if it holds over 1069 or not
1134
MCD broke over 7362 should go for 7378 then back for HOD test and break higher
1130
MCD has hit its targets from last nights charts,,,should go for higher trgts next
1130
MCD n NKE remain on "hold swing long" setups
1129
then i'll look to short that bounce today tomorrow whenever
1128
this has the look of short cover trap with a low today higher than fri low,, could go lower but charts suggest a higher low
1119
the NKE support lines in 60min have held perfectly thus far,, NKW v bullish over 7126 for 7243 ,,, under 7126 bearish / neutral and poss pullback to lower support levels
1110
in UPRO at 127.11 at es 1069
1058
right now for me this is a backetest in NKE with the price over UTL still, so added here
1056
adding pos #2 NKE 7143, avg now 7167
1049
dont think spx cracks just yet,,poss bear trap intraday here,,,i'm bearish midterm but this has char of poss bear trap
1038
MCD is now consolodating bullishly near its high of day / new yearly hi
1035
if nke can make 7271 first target, and then pierce higher,,,it should breakout higher nicely (3 drives to a high, not shorting the 3rd test of high strat),,,last 7202
1032
LONG here NKE 7187 for scalp,, starter position 25% size
1024
EXITING the AKS now for small 1% profit,,,can always reenter,,,
1020
charts suggest 80% prob that BAC has more up b4 down
1020
1308 impt pivot,,watching
to see if it holds down,
cuz break over it should
give .17
1019
poss BAC short at 1323 if it hits there,,, its at 1308 resist now,,also has R at 1317
1014
sso 3516 long looks almost good, but waiting for long scalp (at es 1075)
1007
for me, es 1084 daily trgt still valid despite this lil pullbakc
1005
my swing ultimate trgt is 75.48 in MCD,,unsure if it will get up there or not,, still bearish mid-term on spx dow russel, last 7388 mcd (unless mcd does a type of mini dbl top here today
956
since a new yearly hi, harder to calc targets, but 7447 is next trgt for now, other trgts to follow
955
MCD has just made a new 365 day high :)
952
ES 1084 if hit should stall...double R there with trendline R and horizon resist,,,will watch to see
if it holds down there or breaks higher after the pullback
946
if MCD breaks the 7381 trgt (expect it to) it should pop nicely out of its coil, last 7372
943
overshotr the .63 trgt by 5 cents,,, real first trgt today is 7381
940
if ES 1078 break suggests 1084 trgt
937
hedge longs on MCD and AKS green,,looking to reenter more BAC short, tza in time
900am
ES rose up to 1077 and hit its declining R trendline and has backed off now at 1074. That being said, charts suggest that the 60min downtrend can be broken if ES can hold 1069 and pivot up. A hold of 1073 would be a stronger indiciation.
* 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, August 23, 2010
Sunday, August 22, 2010
Why I remain long in MCD
I've been in and out of MCD,,, here's why I remain long for now. MCD has been stronger than the DOW SPX or QQQQ.
MCD is near an upper swing target soon. I'm bearish for SPX (though a bounce seems to be coming first), and am hedging my SPX shorts with MCD long while the SPX and DOW bounce here.
Double click the chart to see it full size.
* 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".
MCD is near an upper swing target soon. I'm bearish for SPX (though a bounce seems to be coming first), and am hedging my SPX shorts with MCD long while the SPX and DOW bounce here.
Double click the chart to see it full size.
* 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".
Saturday, August 21, 2010
MCD McDonalds vs the DOW...
Note how much stronger MCD is in the chart below.
Double click the chart to see it full size
* 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".
Double click the chart to see it full size
* 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".
Friday, August 20, 2010
SEE DAILY RAMBLINGS POST BELOW THIS ONE.
It is updated throughout the day
* 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".
Thursday, August 19, 2010
Friday ramblings / Thurs eve futures
0405
BAC closed at 12.88,,,, yest i suggested at 12.88 close today in BAC
0359
settled for 1345 and 7314,,both were profitable
0355
7330 mcd partial sell if able
0354
selling some AKS 1348..or lower if not filled, for min 1.05% profit,,,,and will keep the other 25% swing
0335
i'm holding MCD swing stop around 7150,,,there are multiple support levels under it so any pullback should at least bounce to allow exit if needed
0326
its in a coil and wedge/up channl type thing
0323
will do manually,,,its v close to my stop at .90
0245
moving stop on half of mcd to 7290,,,will buy bak if stopped out,,,5 cents over breakeven
0235
now for the real target #1 1360/64 aks i'll hold, and then for HOD
0234
figures,,,it hit the trgt after i sold it,,,still have half,,,had just too many shares which forced a sell lower to reduce risk on aks
0231
stallling so sold at .32,,,still have half
0225
and raising to .37 not .35
0224
grr missed my limit sell by one cent argh for the AKS,, i'm still keeping it,,,it should hit .37
0217
i have a BAC sell prog warn as the spx moves up so i sold the BAC,,,too risky,,,can always buy back,,, still hedged long via MCD and AKS (both greeen now)a
0216
i am exiting the BAC long here for now,,,this is not right,,,small profit breakeven on the BAC scalp long
0212
when the vix gets over 28 then i'll start selling (writin) options not buying them
0156
this 1067.50 test is v impt intraday
0153
AKS is close to filling sell order for half of shares...first half is small profit because i bought in 4 batches ...so many shares
0152
ES intraday---3 drives to a high here,,bullish for mini break
0136
BUY program warn for AKS,,,lets see if it does anything at 1319
0129
the "hold long scalp" signal remains in place, breakout setup here now
0126
other aks targets 1363
0125
i will sell half of aks at 1335 if able,,last 1322,,if it hits 1335 it should pull bak and give opp to buy them back
0108
VIX is forming poss broadening formation, and a wedge in ES,,,that combo can create some fun volatility fireworks in coming hours days
0107
if ES gets an RSI close over 51 in 15min chart then we have a bullish rsi failure swing, last rsi 47 (rsi14)
0103
106750 should give 1071
0102
3min downtrend is broken higher,,now needs to get over the 60min
1257
ES is testing the 3min DTL now,,,still see break higher
1248
1303/06ish stop
1247
adding ak2 here
1317 with tite stop 1306,, aks basis now 1328
1208
ES 60min is now in a bull falling wedge
1203
selling the rest of BAC puts for 40% profit,,,they should go higher but i hate time decay,, also i think BAC will bounce here and puts decline
1159
ES should bounce here at 1062 else its really weak
1131
stop 1306 on aks for now,,,if it hits there i'm out with a loss and maybe reenter
1110
we might have just seen a headfake break lower in the coil...watching it here
1058
ES 3min is now coiling sym triangl
1053
limit sell some BAC 1297 if able scalp from 1283
1051
BAC buy progr short cover warning at 1286
1044
spx should break
higher over 1070 within 12 minutes
1041
many charts are painting bullish 60min diverg so bounce would be normal
1035
actually R is now at 1070
1034
ES is in downtrend while under 1072 in 60min but charts suggest the 1072 should break higher either on a spike or in an effort to expand the channel...channel is steep and unsustainable right now unless charts change
1033
i still have the 1074 ES trgt for now valid
1026
BAC is a slow mover but predictable,,,more shares needed to to smaller moves vs the faz fas etc
1024
i'm going LONG
for a scalp in BAC here for bounce
up,,,still swing short, in at 12.83, stop
under Low Of Day .78
1018
ADDING buy #2 in AKS here at 1332,, avg cost now 1354,,,aks trade still valid long
1011
COVERING the BAC here now,,,only 25% left, at 1280,,,will look to reload more shorts later, covered 1280 from 1333 short for 4% profit,
sold BAC puts .60 from .45 for 33% profit,,,holding the last 25% of the options
1003
grr this AKD long is a mess, newly entered yest,,,looking to see whether to hold or exit, down on that one,, red -2.5% atm,, wait till my friend heres about this LOL,,but charts say hold AKS for now
1002
MCD: in coil,,break of 7317 should give 7324,,then 7324 break for 7381, then higher up the daily uptrend/wedge
949
took MCD 7277 long here,,,buy #1 of poss 4 buys
945
limit MCD long hedge 7277 if filled, at starter positino
942
MCD looks good at 7292 long BUT i will wait to enter long
939
FAZ hit the 1609 trgt so took some off there, for 21% profit,,,finally hit the 1609,,took a week lol
937
BAC just hit the 1288 target :) last 1286
934
sold some BAC puts from swing here at the 1292/93 touch for 22% profit on that piece,,,will look to reload more later,,,still have half of the puts
928
ES first trgt 1076 trgt, last 1070
924
i am short but will hedge using MCD CAT PFE T VZ for long daytrades and poss swings when the charts suggest entries,, if the DOW moves higher I believe those will be the stocks leading it up
8:41
ES "looks bad" now being down 5 pts but charts are warning it could bounce,,,this would be an opp to add shorts swings if it does,, if not then we just run with the half size positions in swing short for now
Friday 8:35 AM
BAC continues lower toward its downward targets for the swing. It hit 12.92 pre-market this morning, which is significant because the 13.02 support level has broken. I still have the 12.88 target level being hit today as possible. Yesterday I mentioned it might hit the 12.88 due to options expiration activity.
902 PM
Friday's Support and Resistance
To me, a trend is a trend until broken. The 60 SPX is in a downtrend as follows:
trendline 1054-52 support declining thru the day
trendline 1094--1089 resistance declining thru the day
On a break over/under of those trendlines, we have:
1090 spx is neither trendline R nor horizon R, but I have multiple indicators converge on that point for me as a Resist point
horiz support 1065, 1058
horizon resist 1080,87,89
On a break over 1090 then 1099 and 1107 targets though I don't expect 1107.
spx retraced back up to the 50% fib of the move down from tuesday, other fibs 1106 (62%) and 1116 (78%). Again I don't expect the upper fibs unless the trendline R breaks higher
629 PM
THurs 6:18 PM
My targets on the downside for BAC (last 13.02) short are 10.50 and 9.70, with 6.15 and 3.00 possible later.
* 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".
BAC closed at 12.88,,,, yest i suggested at 12.88 close today in BAC
0359
settled for 1345 and 7314,,both were profitable
0355
7330 mcd partial sell if able
0354
selling some AKS 1348..or lower if not filled, for min 1.05% profit,,,,and will keep the other 25% swing
0335
i'm holding MCD swing stop around 7150,,,there are multiple support levels under it so any pullback should at least bounce to allow exit if needed
0326
its in a coil and wedge/up channl type thing
0323
will do manually,,,its v close to my stop at .90
0245
moving stop on half of mcd to 7290,,,will buy bak if stopped out,,,5 cents over breakeven
0235
now for the real target #1 1360/64 aks i'll hold, and then for HOD
0234
figures,,,it hit the trgt after i sold it,,,still have half,,,had just too many shares which forced a sell lower to reduce risk on aks
0231
stallling so sold at .32,,,still have half
0225
and raising to .37 not .35
0224
grr missed my limit sell by one cent argh for the AKS,, i'm still keeping it,,,it should hit .37
0217
i have a BAC sell prog warn as the spx moves up so i sold the BAC,,,too risky,,,can always buy back,,, still hedged long via MCD and AKS (both greeen now)a
0216
i am exiting the BAC long here for now,,,this is not right,,,small profit breakeven on the BAC scalp long
0212
when the vix gets over 28 then i'll start selling (writin) options not buying them
0156
this 1067.50 test is v impt intraday
0153
AKS is close to filling sell order for half of shares...first half is small profit because i bought in 4 batches ...so many shares
0152
ES intraday---3 drives to a high here,,bullish for mini break
0136
BUY program warn for AKS,,,lets see if it does anything at 1319
0129
the "hold long scalp" signal remains in place, breakout setup here now
0126
other aks targets 1363
0125
i will sell half of aks at 1335 if able,,last 1322,,if it hits 1335 it should pull bak and give opp to buy them back
0108
VIX is forming poss broadening formation, and a wedge in ES,,,that combo can create some fun volatility fireworks in coming hours days
0107
if ES gets an RSI close over 51 in 15min chart then we have a bullish rsi failure swing, last rsi 47 (rsi14)
0103
106750 should give 1071
0102
3min downtrend is broken higher,,now needs to get over the 60min
1257
ES is testing the 3min DTL now,,,still see break higher
1248
1303/06ish stop
1247
adding ak2 here
1317 with tite stop 1306,, aks basis now 1328
1208
ES 60min is now in a bull falling wedge
1203
selling the rest of BAC puts for 40% profit,,,they should go higher but i hate time decay,, also i think BAC will bounce here and puts decline
1159
ES should bounce here at 1062 else its really weak
1131
stop 1306 on aks for now,,,if it hits there i'm out with a loss and maybe reenter
1110
we might have just seen a headfake break lower in the coil...watching it here
1058
ES 3min is now coiling sym triangl
1053
limit sell some BAC 1297 if able scalp from 1283
1051
BAC buy progr short cover warning at 1286
1044
spx should break
higher over 1070 within 12 minutes
1041
many charts are painting bullish 60min diverg so bounce would be normal
1035
actually R is now at 1070
1034
ES is in downtrend while under 1072 in 60min but charts suggest the 1072 should break higher either on a spike or in an effort to expand the channel...channel is steep and unsustainable right now unless charts change
1033
i still have the 1074 ES trgt for now valid
1026
BAC is a slow mover but predictable,,,more shares needed to to smaller moves vs the faz fas etc
1024
i'm going LONG
for a scalp in BAC here for bounce
up,,,still swing short, in at 12.83, stop
under Low Of Day .78
1018
ADDING buy #2 in AKS here at 1332,, avg cost now 1354,,,aks trade still valid long
1011
COVERING the BAC here now,,,only 25% left, at 1280,,,will look to reload more shorts later, covered 1280 from 1333 short for 4% profit,
sold BAC puts .60 from .45 for 33% profit,,,holding the last 25% of the options
1003
grr this AKD long is a mess, newly entered yest,,,looking to see whether to hold or exit, down on that one,, red -2.5% atm,, wait till my friend heres about this LOL,,but charts say hold AKS for now
1002
MCD: in coil,,break of 7317 should give 7324,,then 7324 break for 7381, then higher up the daily uptrend/wedge
949
took MCD 7277 long here,,,buy #1 of poss 4 buys
945
limit MCD long hedge 7277 if filled, at starter positino
942
MCD looks good at 7292 long BUT i will wait to enter long
939
FAZ hit the 1609 trgt so took some off there, for 21% profit,,,finally hit the 1609,,took a week lol
937
BAC just hit the 1288 target :) last 1286
934
sold some BAC puts from swing here at the 1292/93 touch for 22% profit on that piece,,,will look to reload more later,,,still have half of the puts
928
ES first trgt 1076 trgt, last 1070
924
i am short but will hedge using MCD CAT PFE T VZ for long daytrades and poss swings when the charts suggest entries,, if the DOW moves higher I believe those will be the stocks leading it up
8:41
ES "looks bad" now being down 5 pts but charts are warning it could bounce,,,this would be an opp to add shorts swings if it does,, if not then we just run with the half size positions in swing short for now
Friday 8:35 AM
BAC continues lower toward its downward targets for the swing. It hit 12.92 pre-market this morning, which is significant because the 13.02 support level has broken. I still have the 12.88 target level being hit today as possible. Yesterday I mentioned it might hit the 12.88 due to options expiration activity.
902 PM
Friday's Support and Resistance
To me, a trend is a trend until broken. The 60 SPX is in a downtrend as follows:
trendline 1054-52 support declining thru the day
trendline 1094--1089 resistance declining thru the day
On a break over/under of those trendlines, we have:
1090 spx is neither trendline R nor horizon R, but I have multiple indicators converge on that point for me as a Resist point
horiz support 1065, 1058
horizon resist 1080,87,89
On a break over 1090 then 1099 and 1107 targets though I don't expect 1107.
spx retraced back up to the 50% fib of the move down from tuesday, other fibs 1106 (62%) and 1116 (78%). Again I don't expect the upper fibs unless the trendline R breaks higher
629 PM
a friend of mine suggested a look at AKS. I like it for a small long position, starting with a 25% size position. I'm in long at 13.73 for swing
THurs 6:18 PM
My targets on the downside for BAC (last 13.02) short are 10.50 and 9.70, with 6.15 and 3.00 possible later.
* 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".
Wednesday, August 18, 2010
Thurs ramblings (and Wedn eve ES futures)
0402
if tza goes crazy AH i'll sell at 3770 a piece of it and try to buy bak,,,prob will not get a fill,, 3770 was my daily (unmet) target,, made 3756 hi
0400pm
tza hit 3727 or one penny over the .26 trgt b4 close
0350
there,,finally filled,,, locked in 1.17% on that piece
0349
missed by .20 order by 2 cents....hit .18 now .11,,,,i'm sticking with .20 it should go to .26
0343
if it were earlier in day my autotrader would do tza and faz here,,,but too close to end of day so it wont,,but that setup is there,, only unsatisfied conditino is "time less than 3:40 PM"
0337
li9mit sell part of tza scalp at 3720 if able, from 3677 cost
0334
that inv bull HS i mentinoed b4 measured to 1078 trgt,,,and ES hit it,,,watching to see if if goes over it or pulls bak
0330
bulls need to repair the 15min shoot star fast else bad for bulls
0328
selling half of tza here at cost just to reduce risk,,, avg in on the extra shares served its purpose
0319
faz swing shares took all off except last 1/4 of shares,,,, 17% profitr,,,look to reload later
0308
i'm going to be forced to take some profits even on the swing shorts today,,but will still hold some,,,there are some divergences that say "bounce",,, yet others say "more down,,this is just the start",,so i'll remain partially exposed and partial profit taknig
0306
10min and 15min showing signs of turning bearish again intraday....
0301
ES bear HS on daily chart,,, i know many see it,,, several days now on the right shoulder....yes one can also see an inv HS bullish LOL,,, the bear HS is bigger tho
0254
they r trying v hard on ES dbl bot / bull inv HS on 3min,,but using a lot of energy on 15min to do so,,,v interesting,,,tricky here intraday,,,,still def have swing short setups
0251
if the 10min repairs itself i'd feel more comfy short scalp,,,still have the tza tho
0246
tza could still hit the 3771 trgt today, limit order set to sell there if able (most scalp shares not all)
0244
watching for the infamous 3min ES bull inv HS that they like :),,, prepared to cover short scalps on trigger of it
0240
i still have no buy in spx intraday,,rather have a "short the rally"
0230
more tza 3705,,,,still have 3703 tza
too,,,just buying bak what was sold b4
0215
thinking of buying bak tza,,,not yet
0207
taking 25% of shares off here at .50 for 1% profit on the scalp,,,3748 sold,,,paid 3703,,, > 1% prof
0204
well tza hit the .27 and .37 followed as expected,,,,
0203
might take profits on 25% of those BAC puts today if it breaks, puts at 16% profit here but that should pop higher if bac breaks
200
meanwhile faz leads again,,,at its high of day test now,,,about to make higher hig
159
got the .27 on tza....lets see if the dynamic kicks in
158
under 1066 we have 1062 support but then not mycg support b4 1051
154pm
i'd like to see the tza and faz bull flags convert to bear rising wedges in coming hours,,then they will pull back after the wedge move up completes,, i intend to ride the wedge up if this happens,,via swing ride
153
tza has marginally broken above its 3min coil....still needs the .27 to trigger the coil bull dynamic
150
tza need to stay over 3686 and pref 3705....a violatino under 3705 i might get out of the scalp (keeping swing)
148
if tza gets over .27 then it should test to .38, and the .38 "should" breka higher (per coil dynamics)
142
ah the xlf is also pushing on its lower DAILY boll band,,its bearishly strething it vs the less bearish "quik pop below"
140
we r still in the chop whipsaw setup here to me
137
3993 (not today) target in the newly defined tza daily up channel,,,
134
ES sell program warning at 1072
134
we need the tza 10min stoch to turn bak up n hit 70,,,,flat now at 60
133
VIX charts are confirming daily bearishness,,,,
132
the XLF has ALREADY broken its lower BB on 3min..bearish warning
131
one min later, we got the warning there...lets see
130
yea...watching for 1073 break on es would be a warning of bear flag break lower
128
xlf is showing weaker than russel or spx now,,,xlf could drag em down yet again
123
a break of ES 1072 would break the bear flag lower,,,,
109pm
ES 15min,,,bear flag
1258
tza just hit the 3737 target and backed off,,,still holding
1255
taking 25% of shares off tza here to lock 0.75% profit
1255
hmm the 15min tza has a bullish continuation candle pattern if it holds this 15min low...the 5 methods modified
1251
3737 first scalp trgt tza
1245
if the 2min stoch hits 40 on tza it should pop up nicely,,,last 25,,,,inability to do so it will likely fall more,,,14,3,3 stoch 2min
1244
mini sell prog warn in ES at 1073,,
1240
last 3696 tza but premise to trade still valid for me
1237
nervous would exit now breakeven,,,i'm willing to hold awhile and add more lower tza if needed, for now i still like it
1235
TZA is now back at .03,,,,staying in for now
1229
3703 was hit,,, filled :D
1228
i am doing tza lim 3703 buy if filled here
1222
agressive could actually prepare for a scalp short here,,,soon,,,pattern developing not confirmed,,short then long, es 1073
1219
ES has R here at 1072 trendline,,,see if the new trednline holds
1216
grr i missed a "add more BAC shorts 1317 by one cent,,,no fill...hit 1316
1213
i'll use the high vol SPY --for nice fills on scalp and just buy 3x # of shares to mimic/correlate to upro for 3x,,no long scalp yet
1206
well the 3min stoch
did its thing with under 20 and moving over
mentinoed b4,,,but other things are
iffy,,,i'd wait for the 1minute chart to
pullbak b4 long scalp,,,sso resis around 3501 trendline R
1200
ES down channel now officially replaces the bull wedge,,,until 1074 ES breaks higher, in 3min
1155
tza 3770 trgt
1153
if es hits 1066 then faz should hit the 1607 trgt,,, i think lol,, last 1592
1150
TZA is pushing outside and above its upper BOLL band,,,which usually means higher tza,,,BUT a short signal is given upon a close under the upper bak inside,,, so i may take profits on another 25% and hold the other 25% swing with stop below 34,,,and then try to buy back the 25% sold when it gets bak inside the BB and the "short tza" setup fades
1149
ok the BAC has hit the 1302 support,,,a bounce would be normal but this may just crak with no bounce over 1311
1146
see this ES bull fall wedge is converting to a down channel instead as discussed b4,,,wedges r fun but tricky to trade
1140
BAC is very near its prior 1302 low a few days ago,,,1305 last,,,will prob get lil bounce but not covering any here,,could break below
1139
1066 ES trgt still
1134
3min stoch needs to fall below 20 again and the base b4 i consider long scalp
1131
i wont get a "scalp long" setup for at least 30min,,,maybe longer (hours) if at all,,, being patient is often hard esp if one is tick watching,,,someteims good to just walk away if tempted to enter too early
1129
ES did break higher marginally from its 3min wedge,,,but i'm waiting to see if such wedge converts to down channel
1127
my "hold short all day" signal is still in effect, currently says "may get some upside or sideways but hold on and no new longs yet" at ES 1075
1108
XLF 60min hist just crossed under 0 which some use as a swing short signal,,,i dont use it because it usually comes late and results in chop first,,,there is USUALLY time to get in short, or add shorts to previous positions after some chopping around,,,but it may be enough to propel FAZ upward to the 1607 target during such whipsaw
1104
i might try upro long scalp unsure,,,on 1072 ES
1051
MID TERM TARGET
my SPX target is 977,,,,via non ewave analysis,,, math analysis suggests 977 which just so happens to land right near 977.64 prior support at Aug 17. That is, a few diff independent analysis suggests 977, the 977 not chose just cuz it was Aug support, then 816 is my next target,,,,then see what happens if we get there,, i didn't make or "force" the analysis to hit 977 it just landed there
1046
FAZ has hit its 1570 exactly trgt on the touch of 1570 ,, stil have that 1607 target from a week ago
1042
i got a swing signal at tza 3130, last tza 3638, up 16% so far,,,,faz up 16% roi too
1038
re: options,,,if they bring BAC under 12.88 it would really mess up some optinos holders,,,so maybe it makes it down there,,,but not a tradeable strategy,,,in any event 12 target
1032
theres a type of morn star daily bullish setup (creative) on tza
1028
looking for entry to buy back tza but requires patience for right entry,,,i'll only add on a 15min chart 3min combo,, still have half of tza shares, and still in faz swing
1011
i will try to buy back,,,will hold at least 25% tza for 3700 3800 4500 6000 targets
1009
3594 stop on 25% of tza,,,,and lower stop on other 25% (have 50% left,,,took profits at 4% and 7% thus far)
1005
forced again to take some tza profits here at 7% roi, per rules,,,will try to buy later bak
1002
es should stall here and i'll likely take a lil off...watching,,,if no stall 1078 then weak
1001
LOL the 1082 broke while typing :)
1000
charts do suggest a slower move down tho if we get it....around here there are multiple mini supports
959
right now for me,,,v good chance to break 1082 es....my chart say "stay short all day" right now (may change in 15 or 30min)
957
i'm taking 25% of skf off here to lock profits 2147,,per rule on trgt achivied i need to take some off
953
xklf is running into support here now,,,watching as faz skf at R,,,still see lower xlf n higher faz, but this is a decent spot to take partial profits
935
yea looking for lower trgts today,,,3711 is my "real" first swing trgt but will buy sell buy in between if able
932
tza trgt 3565 then 3593 on break of 3512, then 3711 with stalls in between tza
913
SHORTIE i think we can bounce once more to marginally higher hi 1103ish and still get the p3,,tho bias is down for now for the lower targets
834
if ES 1082 breaks then 1074 trgt
Thurs 8:28 AAM
bought bak tza i sold yest at 3528 for 3430, still have other tza shares at lower levels
Wedn 7:52 PM
not sure if ES will bounce to 1090/92 but if it does then still a bear HS 60min pattern will be formed,,,needs to get higher to avoid bearishness
* 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".
if tza goes crazy AH i'll sell at 3770 a piece of it and try to buy bak,,,prob will not get a fill,, 3770 was my daily (unmet) target,, made 3756 hi
0400pm
tza hit 3727 or one penny over the .26 trgt b4 close
0350
there,,finally filled,,, locked in 1.17% on that piece
0349
missed by .20 order by 2 cents....hit .18 now .11,,,,i'm sticking with .20 it should go to .26
0343
if it were earlier in day my autotrader would do tza and faz here,,,but too close to end of day so it wont,,but that setup is there,, only unsatisfied conditino is "time less than 3:40 PM"
0337
li9mit sell part of tza scalp at 3720 if able, from 3677 cost
0334
that inv bull HS i mentinoed b4 measured to 1078 trgt,,,and ES hit it,,,watching to see if if goes over it or pulls bak
0330
bulls need to repair the 15min shoot star fast else bad for bulls
0328
selling half of tza here at cost just to reduce risk,,, avg in on the extra shares served its purpose
0319
faz swing shares took all off except last 1/4 of shares,,,, 17% profitr,,,look to reload later
0308
i'm going to be forced to take some profits even on the swing shorts today,,but will still hold some,,,there are some divergences that say "bounce",,, yet others say "more down,,this is just the start",,so i'll remain partially exposed and partial profit taknig
0306
10min and 15min showing signs of turning bearish again intraday....
0301
ES bear HS on daily chart,,, i know many see it,,, several days now on the right shoulder....yes one can also see an inv HS bullish LOL,,, the bear HS is bigger tho
0254
they r trying v hard on ES dbl bot / bull inv HS on 3min,,but using a lot of energy on 15min to do so,,,v interesting,,,tricky here intraday,,,,still def have swing short setups
0251
if the 10min repairs itself i'd feel more comfy short scalp,,,still have the tza tho
0246
tza could still hit the 3771 trgt today, limit order set to sell there if able (most scalp shares not all)
0244
watching for the infamous 3min ES bull inv HS that they like :),,, prepared to cover short scalps on trigger of it
0240
i still have no buy in spx intraday,,rather have a "short the rally"
0230
more tza 3705,,,,still have 3703 tza
too,,,just buying bak what was sold b4
0215
thinking of buying bak tza,,,not yet
0207
taking 25% of shares off here at .50 for 1% profit on the scalp,,,3748 sold,,,paid 3703,,, > 1% prof
0204
well tza hit the .27 and .37 followed as expected,,,,
0203
might take profits on 25% of those BAC puts today if it breaks, puts at 16% profit here but that should pop higher if bac breaks
200
meanwhile faz leads again,,,at its high of day test now,,,about to make higher hig
159
got the .27 on tza....lets see if the dynamic kicks in
158
under 1066 we have 1062 support but then not mycg support b4 1051
154pm
i'd like to see the tza and faz bull flags convert to bear rising wedges in coming hours,,then they will pull back after the wedge move up completes,, i intend to ride the wedge up if this happens,,via swing ride
153
tza has marginally broken above its 3min coil....still needs the .27 to trigger the coil bull dynamic
150
tza need to stay over 3686 and pref 3705....a violatino under 3705 i might get out of the scalp (keeping swing)
148
if tza gets over .27 then it should test to .38, and the .38 "should" breka higher (per coil dynamics)
142
ah the xlf is also pushing on its lower DAILY boll band,,its bearishly strething it vs the less bearish "quik pop below"
140
we r still in the chop whipsaw setup here to me
137
3993 (not today) target in the newly defined tza daily up channel,,,
134
ES sell program warning at 1072
134
we need the tza 10min stoch to turn bak up n hit 70,,,,flat now at 60
133
VIX charts are confirming daily bearishness,,,,
132
the XLF has ALREADY broken its lower BB on 3min..bearish warning
131
one min later, we got the warning there...lets see
130
yea...watching for 1073 break on es would be a warning of bear flag break lower
128
xlf is showing weaker than russel or spx now,,,xlf could drag em down yet again
123
a break of ES 1072 would break the bear flag lower,,,,
109pm
ES 15min,,,bear flag
1258
tza just hit the 3737 target and backed off,,,still holding
1255
taking 25% of shares off tza here to lock 0.75% profit
1255
hmm the 15min tza has a bullish continuation candle pattern if it holds this 15min low...the 5 methods modified
1251
3737 first scalp trgt tza
1245
if the 2min stoch hits 40 on tza it should pop up nicely,,,last 25,,,,inability to do so it will likely fall more,,,14,3,3 stoch 2min
1244
mini sell prog warn in ES at 1073,,
1240
last 3696 tza but premise to trade still valid for me
1237
nervous would exit now breakeven,,,i'm willing to hold awhile and add more lower tza if needed, for now i still like it
1235
TZA is now back at .03,,,,staying in for now
1229
3703 was hit,,, filled :D
1228
i am doing tza lim 3703 buy if filled here
1222
agressive could actually prepare for a scalp short here,,,soon,,,pattern developing not confirmed,,short then long, es 1073
1219
ES has R here at 1072 trendline,,,see if the new trednline holds
1216
grr i missed a "add more BAC shorts 1317 by one cent,,,no fill...hit 1316
1213
i'll use the high vol SPY --for nice fills on scalp and just buy 3x # of shares to mimic/correlate to upro for 3x,,no long scalp yet
1206
well the 3min stoch
did its thing with under 20 and moving over
mentinoed b4,,,but other things are
iffy,,,i'd wait for the 1minute chart to
pullbak b4 long scalp,,,sso resis around 3501 trendline R
1200
ES down channel now officially replaces the bull wedge,,,until 1074 ES breaks higher, in 3min
1155
tza 3770 trgt
1153
if es hits 1066 then faz should hit the 1607 trgt,,, i think lol,, last 1592
1150
TZA is pushing outside and above its upper BOLL band,,,which usually means higher tza,,,BUT a short signal is given upon a close under the upper bak inside,,, so i may take profits on another 25% and hold the other 25% swing with stop below 34,,,and then try to buy back the 25% sold when it gets bak inside the BB and the "short tza" setup fades
1149
ok the BAC has hit the 1302 support,,,a bounce would be normal but this may just crak with no bounce over 1311
1146
see this ES bull fall wedge is converting to a down channel instead as discussed b4,,,wedges r fun but tricky to trade
1140
BAC is very near its prior 1302 low a few days ago,,,1305 last,,,will prob get lil bounce but not covering any here,,could break below
1139
1066 ES trgt still
1134
3min stoch needs to fall below 20 again and the base b4 i consider long scalp
1131
i wont get a "scalp long" setup for at least 30min,,,maybe longer (hours) if at all,,, being patient is often hard esp if one is tick watching,,,someteims good to just walk away if tempted to enter too early
1129
ES did break higher marginally from its 3min wedge,,,but i'm waiting to see if such wedge converts to down channel
1127
my "hold short all day" signal is still in effect, currently says "may get some upside or sideways but hold on and no new longs yet" at ES 1075
1108
XLF 60min hist just crossed under 0 which some use as a swing short signal,,,i dont use it because it usually comes late and results in chop first,,,there is USUALLY time to get in short, or add shorts to previous positions after some chopping around,,,but it may be enough to propel FAZ upward to the 1607 target during such whipsaw
1104
i might try upro long scalp unsure,,,on 1072 ES
1051
MID TERM TARGET
my SPX target is 977,,,,via non ewave analysis,,, math analysis suggests 977 which just so happens to land right near 977.64 prior support at Aug 17. That is, a few diff independent analysis suggests 977, the 977 not chose just cuz it was Aug support, then 816 is my next target,,,,then see what happens if we get there,, i didn't make or "force" the analysis to hit 977 it just landed there
1046
FAZ has hit its 1570 exactly trgt on the touch of 1570 ,, stil have that 1607 target from a week ago
1042
i got a swing signal at tza 3130, last tza 3638, up 16% so far,,,,faz up 16% roi too
1038
re: options,,,if they bring BAC under 12.88 it would really mess up some optinos holders,,,so maybe it makes it down there,,,but not a tradeable strategy,,,in any event 12 target
1032
theres a type of morn star daily bullish setup (creative) on tza
1028
looking for entry to buy back tza but requires patience for right entry,,,i'll only add on a 15min chart 3min combo,, still have half of tza shares, and still in faz swing
1011
i will try to buy back,,,will hold at least 25% tza for 3700 3800 4500 6000 targets
1009
3594 stop on 25% of tza,,,,and lower stop on other 25% (have 50% left,,,took profits at 4% and 7% thus far)
1005
forced again to take some tza profits here at 7% roi, per rules,,,will try to buy later bak
1002
es should stall here and i'll likely take a lil off...watching,,,if no stall 1078 then weak
1001
LOL the 1082 broke while typing :)
1000
charts do suggest a slower move down tho if we get it....around here there are multiple mini supports
959
right now for me,,,v good chance to break 1082 es....my chart say "stay short all day" right now (may change in 15 or 30min)
957
i'm taking 25% of skf off here to lock profits 2147,,per rule on trgt achivied i need to take some off
953
xklf is running into support here now,,,watching as faz skf at R,,,still see lower xlf n higher faz, but this is a decent spot to take partial profits
935
yea looking for lower trgts today,,,3711 is my "real" first swing trgt but will buy sell buy in between if able
932
tza trgt 3565 then 3593 on break of 3512, then 3711 with stalls in between tza
913
SHORTIE i think we can bounce once more to marginally higher hi 1103ish and still get the p3,,tho bias is down for now for the lower targets
834
if ES 1082 breaks then 1074 trgt
Thurs 8:28 AAM
bought bak tza i sold yest at 3528 for 3430, still have other tza shares at lower levels
Wedn 7:52 PM
not sure if ES will bounce to 1090/92 but if it does then still a bear HS 60min pattern will be formed,,,needs to get higher to avoid bearishness
* 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, August 17, 2010
Wednesday ramblings (and tues night futures)
0415
i am cancelling the skf sell 2143 AH and raising the price to 2163 for now
0407
will sell some tza n try to buy back later ,,,3530 for
0405
sold
some tza 34.99 AH...other 25%,,,still
have half,, wow shouldve waited made 3515 lol,, but 3.8% profit in one day is fine too
0400
grr missed 2123 by 3 cents,,,forced to sell at close 2120 skf,,,holding tza faz skf swing
0352
3470 limit sell more tza if able scalp
0343
limit sell some skf 2124 last 2117/.... 2117 was a trgt
0339
taking 25% off more tza here at same target for 2.09% scalp profit,,,still have half left
0328
3:34 PM trgt to break 1093 if velocity stays constant
0326
tza back at the 2% profit here now if missed b4,,,at 3455,,,i'm holding mine for higher trgt
0325
skf trgt 2124,,2133
0323
tza hit 3454 or one penny over the 3453,,,sold some tza at 3543 trgt,,,still have 75%
0322
ES trgts: 1093,90,88 with stall each one
0315
skf hit 2114 trgt exactly and stalled,,,still see it going up moer
0312
there goes TZA,,,taking 25% of sharess off for 1.5% profit (scalp not swing tza)
0312
skf need 2114 to get going...its gone up to 2107 so far
0310
ahh..now the skf stoch has hit its target...lets see how much upside it gives this time....
0309
theres the below the mkt short ES 109450 :D :P ,,, the ES broke 1095 within the 8 minutes
0307
ES 1095 is still breakable....watching,,target in 8 minutes
0302
skf faz stoch only 32,,,need the > 42,, no momentum yet
0259
hmm minor buy progr warning now ES,,but contractictory reports
0258
agressive could short here on expectation of 1095 es break next try,,,or below the mkt 109450
0255
one could say theres a bear rising wedge on ES 15min,,the wedge has broken lower BUT it could climb back inside where there is more upside before the apex,,not a decisive break
0253
yea....ES close to testing 1095 not there just yet,,,watching if it breaks it if it does test it
0246
charts r suggsting a 1095 break in es lower on next test
0236
my declining resis on SKF is now at 2104 not 2108,,,suggesting a break over 2104 would break the downchannel
0233
swing trader algo just flashed another BUY TZA
0231
my work suggests sellers are above mkt at 1099 and BELOW mkt at 1090 ES
0221
last stoc at 25,, i dont assume succes on the cross over 20, rather i want to see the 42 stoch
0220
new stoch breakout target revised for SKF is 10min stoch over 42,,,should give upside,,,failure to do so will give sideways or more down
0218
tza target 3453 and 3554 and 3600/3625 trgts,,last 3405
0211
my software just threw a sell program warning at ES 1096
0211
BAC just broke its lower BB on the 3min
0210
suggesting the .09 should break higher,
0209
skf has resist at 2109 but a 2103 would still trigger a buy on it
0208
BAC lim to add more shorts 1348 was filled,,it hit 1349 ,,,now backed down to 1343
0206
skf 2109 will hit resist and prob stall there, last 2096
0203
they r trying to push XLF thru its resist,,,hasnt triggered buying yet depsite the minor viloation over yest high,,right now its bearish for xlf unless it breaks with force
0157
ES 3min has a bull pennant so watching to see if it will break higher or not,,,its right at resist tho
0140
more BAC short ...trade 2 of poss 4,,, 1348 near the 1350 trgt,,, will add more 1370,,or maybe add more lower, unknown
0125
another 25% may be added at 2:03 PM
0125
my program autotrader 81% success is entering tza swing here,,,25% size position 33.90
0117
bought bak tza i got stopped out on b4,,,here at 3380
0111
XLF just hit daily R...adding shorts in xlf via skf 20.93, and 1467 faz
1237
if skf takes out .31 it should go for HOD and higher
1226
adding some skf here at 2121
1223
well clearly i sold my gold too early and could have had better profits than the 4% i took by selling yest,,,,grr,,,gold just hit the target i had for it yest (sold b4 trgt hit)
1222
still no fill on the extra SKF....waiting at 2114 last 2120,, it may go to 2110 or below, so 25-50% size shares
1217
ES hit 1092 or 1 point from the 1093 R target b4 at 11:15 AM,,,i'll short on a retest up near that area
1204
i'll do skf 2114 lim if filled, last 2120
1138
wow tza missed my stop by 3 cents...still in tza,,i'll allow .37 not .43,,,will do manually maybe since so cloase,,, last 3470
1120
last trade--i'm trading the backtest down in ES to the broken coil...watching to see if it bounce up again or breaks even lower
1117
1497 faz scalp again
1115
the ES broke higher from the small coil...now ES also has a downchannel in 60min with R at 1093 now,,,watching to see if that breaks higher out of channel or holds down
1056
i'm also using skf RSI on 15min chart for an earlier signal in add to 60min: need 15min rsi over 64
1051
but charts are not setup to use the 10/15min stoch,,,needing to use the 60min rsi for now, for same trigger
1050
SKF simple view: if the rsi on 60min can get over 63 then it should pop higher nicely, last only 52,,,watching that for now,,,similar to the 10min stoch trigger from last several days (100% accurate signal thus far last 8 days) when triggered,,,that would be bullish skf, bearish skf, bear spx
1040
ES under 1088 is bearish, within a bear pennant 3min, intraday
1034
XLF has similar pattern on 10min chart
1032
*15min chart
1032
ES has a bearish modified 5 methods pattern 60min with 4 candles not 5,,,,but will need confirmation with a break under the LOD
1028
TZA trgts to be set after done watching ES here,,,wanna see what ES wants to do
1025
taking 9 cents profit here on half of faz scalp 1517
1022
this is the "pullback" i mentioned before in ES<,,we should know which way it deceides to go soon
1020
i have an agressive short entry setup scalp faz long 1508
1016
wow this tza is jumpin all around,,,stop on swing is set at 3443 to lock a little profit if stopped,,,took half off already for 4% profit,,,the other swing tza is up 12% (longer term swing from 3100ish)
0101
this pattern is ES>..whether bullish or bearish outcome,,,usually this will pull back from 1089 some,,,then decide to go up or down after the pullback
1004
xlf sell progr warn at es 108650, stage one sell would be mild if triggered,,then stage 2 bigger, if triggered
947
ES should stall here bounce,,,,if not shows weakness at 1084
945
FAZ trgt 1531 1555 1570 1607 1749 1810 1900 with 1570 and 1607 the primary initial ones
943
BAC is showing some strength this morn vs the spx but that just presents poss opp to add shorts,,,no additinos yet,, BAC currently at my entry price 1332 but 1340 1350 1370 all possible before declines
934
i'll take 25% of TZA off here to lock a 3% profit from buy yesterday,tho i see much higher,,,thats the tza from 34.23 not the 31.00 cost,, 31.00 tza is longer term swing
933
also interested in silver,,well gold has gapped down,,,glad i took the profits yest
922 AM Tues
i'm looking at BAC here now, for mid term holds 5-20 days,,still a v good stock to short,,,trying to pick spots,, but there are a variety of patterns to observe in it before adding shorts,, there's a bull fall wedge but thats within a downchannel,,,so seeing if it wants to break wedge higher to go for channel resist,,,or whether it just deteriorates inside the wedge slower
Tues eve 10:21 pm
I took profits on swing gold today but silver has a diff chart,,,looking at possible silver entry via 60.10 if able (last 60.97)... 59.30 is another buy area possibility,,, will be watching charts for appropriate entries
* 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".
i am cancelling the skf sell 2143 AH and raising the price to 2163 for now
0407
will sell some tza n try to buy back later ,,,3530 for
0405
sold
some tza 34.99 AH...other 25%,,,still
have half,, wow shouldve waited made 3515 lol,, but 3.8% profit in one day is fine too
0400
grr missed 2123 by 3 cents,,,forced to sell at close 2120 skf,,,holding tza faz skf swing
0352
3470 limit sell more tza if able scalp
0343
limit sell some skf 2124 last 2117/.... 2117 was a trgt
0339
taking 25% off more tza here at same target for 2.09% scalp profit,,,still have half left
0328
3:34 PM trgt to break 1093 if velocity stays constant
0326
tza back at the 2% profit here now if missed b4,,,at 3455,,,i'm holding mine for higher trgt
0325
skf trgt 2124,,2133
0323
tza hit 3454 or one penny over the 3453,,,sold some tza at 3543 trgt,,,still have 75%
0322
ES trgts: 1093,90,88 with stall each one
0315
skf hit 2114 trgt exactly and stalled,,,still see it going up moer
0312
there goes TZA,,,taking 25% of sharess off for 1.5% profit (scalp not swing tza)
0312
skf need 2114 to get going...its gone up to 2107 so far
0310
ahh..now the skf stoch has hit its target...lets see how much upside it gives this time....
0309
theres the below the mkt short ES 109450 :D :P ,,, the ES broke 1095 within the 8 minutes
0307
ES 1095 is still breakable....watching,,target in 8 minutes
0302
skf faz stoch only 32,,,need the > 42,, no momentum yet
0259
hmm minor buy progr warning now ES,,but contractictory reports
0258
agressive could short here on expectation of 1095 es break next try,,,or below the mkt 109450
0255
one could say theres a bear rising wedge on ES 15min,,the wedge has broken lower BUT it could climb back inside where there is more upside before the apex,,not a decisive break
0253
yea....ES close to testing 1095 not there just yet,,,watching if it breaks it if it does test it
0246
charts r suggsting a 1095 break in es lower on next test
0236
my declining resis on SKF is now at 2104 not 2108,,,suggesting a break over 2104 would break the downchannel
0233
swing trader algo just flashed another BUY TZA
0231
my work suggests sellers are above mkt at 1099 and BELOW mkt at 1090 ES
0221
last stoc at 25,, i dont assume succes on the cross over 20, rather i want to see the 42 stoch
0220
new stoch breakout target revised for SKF is 10min stoch over 42,,,should give upside,,,failure to do so will give sideways or more down
0218
tza target 3453 and 3554 and 3600/3625 trgts,,last 3405
0211
my software just threw a sell program warning at ES 1096
0211
BAC just broke its lower BB on the 3min
0210
suggesting the .09 should break higher,
0209
skf has resist at 2109 but a 2103 would still trigger a buy on it
0208
BAC lim to add more shorts 1348 was filled,,it hit 1349 ,,,now backed down to 1343
0206
skf 2109 will hit resist and prob stall there, last 2096
0203
they r trying to push XLF thru its resist,,,hasnt triggered buying yet depsite the minor viloation over yest high,,right now its bearish for xlf unless it breaks with force
0157
ES 3min has a bull pennant so watching to see if it will break higher or not,,,its right at resist tho
0140
more BAC short ...trade 2 of poss 4,,, 1348 near the 1350 trgt,,, will add more 1370,,or maybe add more lower, unknown
0125
another 25% may be added at 2:03 PM
0125
my program autotrader 81% success is entering tza swing here,,,25% size position 33.90
0117
bought bak tza i got stopped out on b4,,,here at 3380
0111
XLF just hit daily R...adding shorts in xlf via skf 20.93, and 1467 faz
1237
if skf takes out .31 it should go for HOD and higher
1226
adding some skf here at 2121
1223
well clearly i sold my gold too early and could have had better profits than the 4% i took by selling yest,,,,grr,,,gold just hit the target i had for it yest (sold b4 trgt hit)
1222
still no fill on the extra SKF....waiting at 2114 last 2120,, it may go to 2110 or below, so 25-50% size shares
1217
ES hit 1092 or 1 point from the 1093 R target b4 at 11:15 AM,,,i'll short on a retest up near that area
1204
i'll do skf 2114 lim if filled, last 2120
1138
wow tza missed my stop by 3 cents...still in tza,,i'll allow .37 not .43,,,will do manually maybe since so cloase,,, last 3470
1120
last trade--i'm trading the backtest down in ES to the broken coil...watching to see if it bounce up again or breaks even lower
1117
1497 faz scalp again
1115
the ES broke higher from the small coil...now ES also has a downchannel in 60min with R at 1093 now,,,watching to see if that breaks higher out of channel or holds down
1056
i'm also using skf RSI on 15min chart for an earlier signal in add to 60min: need 15min rsi over 64
1051
but charts are not setup to use the 10/15min stoch,,,needing to use the 60min rsi for now, for same trigger
1050
SKF simple view: if the rsi on 60min can get over 63 then it should pop higher nicely, last only 52,,,watching that for now,,,similar to the 10min stoch trigger from last several days (100% accurate signal thus far last 8 days) when triggered,,,that would be bullish skf, bearish skf, bear spx
1040
ES under 1088 is bearish, within a bear pennant 3min, intraday
1034
XLF has similar pattern on 10min chart
1032
*15min chart
1032
ES has a bearish modified 5 methods pattern 60min with 4 candles not 5,,,,but will need confirmation with a break under the LOD
1028
TZA trgts to be set after done watching ES here,,,wanna see what ES wants to do
1025
taking 9 cents profit here on half of faz scalp 1517
1022
this is the "pullback" i mentioned before in ES<,,we should know which way it deceides to go soon
1020
i have an agressive short entry setup scalp faz long 1508
1016
wow this tza is jumpin all around,,,stop on swing is set at 3443 to lock a little profit if stopped,,,took half off already for 4% profit,,,the other swing tza is up 12% (longer term swing from 3100ish)
0101
this pattern is ES>..whether bullish or bearish outcome,,,usually this will pull back from 1089 some,,,then decide to go up or down after the pullback
1004
xlf sell progr warn at es 108650, stage one sell would be mild if triggered,,then stage 2 bigger, if triggered
947
ES should stall here bounce,,,,if not shows weakness at 1084
945
FAZ trgt 1531 1555 1570 1607 1749 1810 1900 with 1570 and 1607 the primary initial ones
943
BAC is showing some strength this morn vs the spx but that just presents poss opp to add shorts,,,no additinos yet,, BAC currently at my entry price 1332 but 1340 1350 1370 all possible before declines
934
i'll take 25% of TZA off here to lock a 3% profit from buy yesterday,tho i see much higher,,,thats the tza from 34.23 not the 31.00 cost,, 31.00 tza is longer term swing
933
also interested in silver,,well gold has gapped down,,,glad i took the profits yest
922 AM Tues
i'm looking at BAC here now, for mid term holds 5-20 days,,still a v good stock to short,,,trying to pick spots,, but there are a variety of patterns to observe in it before adding shorts,, there's a bull fall wedge but thats within a downchannel,,,so seeing if it wants to break wedge higher to go for channel resist,,,or whether it just deteriorates inside the wedge slower
Tues eve 10:21 pm
I took profits on swing gold today but silver has a diff chart,,,looking at possible silver entry via 60.10 if able (last 60.97)... 59.30 is another buy area possibility,,, will be watching charts for appropriate entries
* 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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