Tuesday's ramblings

356
out of JNJ long for profit, took loss in the MCD long, BAC gave 2.5--5% profit today, out of all the longs

355
have some new shorts but starter positions,,,think we may see a doji or spin top tomorrow

341
if MCD werent in such a tite range the last several hours i would exit here, but waiting until closer to 4pm since range so tite may break higher,,,stop is same in case of move down

310
LOL this MCD is reaally stuck in the mud here,,,not moving,,will exit today this long,,,tho i see mcd higher, too risky with es up here, can always reenter,,,stops r set still at .32,,hopefully higher exit, last .50

243
i will limit buy TZA 14.17,,,may not get a fill but already have shorts elsewhere

233
taking 20 cents profit on vxx here for scalp makes sense,,,holding swing for higher targets

232
3min VXX continues rising....bearish spx

228
shorted IBM here, 163.25, short #1 of poss 2, been watching waiting last 4 days

218
possible spinning top candle tomorrow, spx

213
OUT of JNJ, finally hit stop....profits locked

212
i will wait in nflx longer ,,maybe short tomorrow

209
2 cents from JNJ profit stopout

144
i bought EUO here cuz it touched its 60min support line and is getting smaller candles sideways

142
position 1 of possible 4,may only buy twice

142
i'm taking a position in EUO finally here 1888,,, which is short euro etf, after waiting 3 days

128
very surprised they didnt run my stop on JNJ, v close, within 3 cents

119
VXX is moving up,,,may put pressure on es, 3min

118
3 cents away from stopout on JNJ,,,may run my stop,,not changing

114
raising jnj stop 6052 from 6043 to protect profits

106
raising stop on JNJ long to 6043

103
 i'm planning to exit the long swings today,,lock profit b4 it disappears

1251
MCD buy alert, first one today, at 81%,,,,lets see if it can move it out of the mud

1241

DBA Mar 19 2011 32.0 Put

46 Days to Expiration

1240
i bought some PUTS on DBA, early entry,, 0.25/0.30

1234
stop JNJ 6002 ,,for a free ride up if not stopped, last 6047,, trying for 6100ish target

1230
anyone see possible bear broadening formation on ES daily???

1226
*73.32

1225
73.34 stop on MCD, for a small loss if stopped out, if .46 breaks then likely reentry at better price, dont want to be in this with no movement and ES up here, unless the .47ish holds

1221
LOOK at ES daily volume, bearishly low on up day, swing shortable

1217
 still watching for swing short euro entry, none found yet,,,waiting last 3 days

1214
longs, i will try to exit JNJ and MCD swings today if possible, and then re-eval poss re-etnries ,,, to take profit and reenter,,,es getting at extended levels here

1213
still waiting on long silver slv,,,maybe 2685 level to buy, will see if gets there what charts look like, last 2760

1209
poss bull inv HS on VXX 60min

1204
adding some VXX here 3035,, scaling in vxx gradually with up to 6 purchases, purchase #1 here

VXX is NOT MAKING NEW LOWS or even testing its prior low, depsite new ES highs,,,bearish for es, bullish for vxx


1201
zzzzzzzzzzzzzzzzzzzzzzzzz
MCD still red 00.25%, stuck in the mud

1159
almost 5% profit on BAC in one day

1159
but thats why one strategy is to hold 25% of shares for cases like this

1159
BAC is on steroids today, exited 75% of shares on that much to early,,,,last 1434 from 1367 entry on remaining shares

1155
conversely the long hedges continue to do their job

1155
reddddddddddddddddd
my spxu short is red atm but still a valid trade, next i'll add tza but no entry yet,,,will wait at least 1 hour on tza since already exposed via spxu

1150
SPX continues to follow the "oil pattern" from Dec /Jan i've been referring to last several days,,,sideways,,,agree on a bad end,,,just takes time for distrib

1144
if JNJ can close over here, it has bullish reversal daily engulfing pattern (excluding shadows, or close to pattern depending on ones defin)

1141
wow JNJ is moving now,,,exhibiting that "suddeness" characteristic it has

1140
JNJ just overshot its mini 6025 trgt, 6029 last,,
6100ish is approx swing trgt #1

1126
JNJ daily has a tendency to have small candles and then suddenly boom a big one, so can appear sluggish in swings till the big one comes

1124
JNJ 2min has both bull asc tri and bull inv HS

1115
6025 next mini trgt, JNJ, last 6010

1113
ES charts suggest some whipsaw sideways moves now, mcd and jnj may go up during such

1112
MCD and JNJ took a little beating down,,,they may now use those stocks to hold up the dow, still see higher on both,swing

1102
higher hi would set up nice bear diverg on 60min

1056
i think i might use PUTS instead of directly shorting nflx,,,one stock i'm reluctant to directly short, no entry yet

1048
nflx i am  looking short swing but prob no entry today,,looks like another 4 hours of work needed first

1022
long JNJ is at breakeven now

1019
MCD is in a sideways shuffle pattern on the daily so this is "ok" for now to me

1018
but i remain long mcd swing, may add to it later, no new entries yet

1018
....................................................
MCD long hedge is DOWN, red here, despite spx higher, red a half-percent right now

1007
BAC hit 1404 or one cent over 1403 target, tho i exited b4 then for fear of quick drop

1006
shorted spxu when es 1296

1005
spxu since this is 25% starter, i'll pay a lil extra,,,may go lower but should at least bounce back above this

1004
1751 spxu, in

1003
*17.42

1001
limit i'll buy SPXU 17.40 if filled, 25% size for scalp swing combo,, spxu is 3x short of SPY SPX

957
notice how vxx daily is not near its 2908 low (when ES made 1299.50 high),,bearish for spx swings

954
next swings looking at: back in long vxx (bearish spx trade), long slv, and short euro,,,,they all need at least an hour to pass b4 setup presents,,,may not be today on the euro short

for vxx, a scalp may present sooner


940
stopped out, took profits 1393 BAC from 1367 entry yesterday

938
or stop is at 1393, whichever comes first

937
BAC is almost at 1403 trgt,,,where i will take profits,,,i see poss higher but will try for pullback reentry later if valid

922
i have limit sell BAC 1403, from 1367 cost, last 1386

916
ES hit the 1290 trgt from yesterday

913
Silver is up 0.70% vs 0.34% for gold, yesterday i mentioned that silver should outperform gold.  Should have entered long silver yesterday but didnt. if able, will enter on pullback or consolodation chart pattern

* 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".

* 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

359
taking 3055 for scalp KFT

356
i'm going to take partial profits on kft today (scalp) and hold other piece swing (25% size swing)
to lock profits on scalps


351
setting lim order to sell KFT 3092, trgt #3

345
kft is approaching target #2 now

339
for oil i see first to short the higher hi in 60min,,then reverse long,,,no entries either way now,, USO

316
:) finally, it took HOURS but KFT hit the .47 trgt,,,still see higher toward other targets

311
PAAS and SLW are alternatives to SLV AGQ (for a GDX-like trade in silver vs gold gdx)

254
:LONG in BAC 1367, swing

245
silver SLV stronger than gold, not as alluring but stronger,,AGQ is 2x slv,,,looking for entry on pullback if poss

226
stop 3040 on some of kft to exit for few pennies profit,,,stop is to reduce risk, fewer shares, not for profit per se

214
KFT buy alert, first one today, 81%

 205
just a thought,,,idk if SPX will move sideways or not for next month or so, but if it does, it can make options very hard to trade,, i still think it will follow oils pattern sideways from dec jan

204
if short INTC,,,a tite stop makes sense,,, warns of chop whipsaw now

158
DRV may be ready to re-enter again long tomorrow,,,not ready yet for me, swing,,, my last forray in DRV was a 10 cent loss, grrrrrrrrrrrrr,,, exited 1670ish, last 1608,,looking to reenter later as it is now lower than my exit price

146
euro daily has a poss dbl bottom, dec 1 and jan 11ish

144
OIL GOLD DOLLAR and EURO are a bit tricky to trade lately

143
euo should pull back today or tomorrow to allow entry

139
removing order to short euro, long dollar, never got filled,,,just missed it

137
still long JNJ,,,its in a bull falling wedge,,,may fall more but still expecting bnc higher later

119
60min intc still says sideways to lower intc for now as long as under that

118
short INTC may want to exit on break over green candle hi, 60min,,, and reenter later, bull daily W poss in INTC,

115
i will lim buy 25% swing size pos in EUO 19.16, last 1924 (short euro)

109
considering long entries in us dollar, uup, swing, no entry yet

105
kft .52 revised trgt,,now trgt is .47/.52 and .67

1253
still trying for the .66 trgt to take profits tho, if poss

1252
KFT should hit the .47 trgt on break ov .42ish

1235
es may want 1291

1235
may require over an hour's wait on ES for setup

1235
i will not auto short at es 1286 target, watching reactions, likely wait for a pb then short the bounce,

1230
kft approaching .47 and .66 targets

1229
on daily, i still think the spx is going to trade sideways daily a bit,,,like OIL did in dec jan

1227
.38 next trgt, daily R,,,expecting break higher over it after poss stall pb first

1226
KFT was a few minutes late but finally broke that .32

1213
ES just hit the 1282 trgt from friday

1286 next trgt, poss shorts there, unknown

1159
bar candle plus Market Maker reports suggest KFT should break over .32 by 12:19

1130
KFT lim sell 3067 if able, last 3031

1121
kft cost is now 3037

1116
will add more kft 3028 buy #3 of poss 4

1105
es is approaching 1282/1286 first, trgts from friday

1048
swing trgts higher, cost for swing is 3042 not 3027

1048
KFT first scalp trgt 3047 from 3027 if able, last 3036

1009
MCD also looks good as long hedge, may add later to existing mcd

1008
adding kft long here 3025 swing scalp combo

1001
longs might want to wait before entering to see if the Sunday ES low is tested, safer long after sideways first

931
still long JNJ too,,,watching reactions this morn to the gap ups in mcd jnj, with kft flat

921
an entry long b4 short entry may present, just watching for now on es tf

920
for SPX DOW Russel swings or multihour daytrade holds, re-entry short may present after this rally finishes... watching charts for now and waiting for entry, still have the LONGS in MCD and KFT bought on Friday

* 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 ramblings / Thurs eve futures

426
VIX has the biggest daily green candle since june, tho these huge candles usually are followed by spx bounce or consolod and then more down spx

407
spy wicks AH pointing near todays highs

403
JNJ is now at its May flash crash low, have gone long as posted

343
took profits on most swing shorts, still have smaller pieces, and have gone long swing in select stocks mcd  kft  jnj,,, next week may add more swing shorts again

340
i am going LONG swing hedge JNJ 60.06

254
5584 l;ast qqqq

253
Mrkt Maker reports on qqqq show bias to upside, intraday only not for swings

229
es could still rally and then still sell into close,,,watching charts

224
es 3min chart acting as expected,,,usuall pattern playing out,,, now watcing for next trgt on ES higher if breaks prev 3min resist

220
no entry yet, but on a pullback, long gold looks good,,,should pivot up when 15min chart finishes its downside, may not get an entry today

206
exited oil shorts yest

205
will consider oil long on pullbak pprob not today,swing,,, finally a switch from short to long oil poss

204
es can break without pb cuz other stocks are at mini break higher levels

203
es hit 1278 trgt,,,watching for pb or sideways, or poss break higher since 2pm

202
es 1286 poss after hits first trgt, pb, then 1286

159
3090 trgt kft ,,,approx glance ballpark trgt,,didnt measure precisely

156
this es pattern 3min, usually will allow to take profit on stall, then reenter long once more on a higher low pb

153
KFT green long moving higher, MCD still red 0.5%

152
VZ long swing i'm looking at,,,but not yet,,,may want 3500ish, 3576 last

14912
3min es suggests higher scalp at 1274

140
kft looks good for scalp long,still long

132
out of drv for now, with a loss 15 cents

130
mcd looks ready to pivot upwards, watching,, why stop was lowered for now

128
DRV stop 1667,,,if doesnt hold here i'm out with a loss to buy again  later

123
lowered mcd stop and added here 7219,,,buy #3

117
7328 mcd stop 7322 is low risk trade scalp

1243
LONG now KFT 3057

1231
profits taken,out of HD shorts, can always reenter

1227
stop 3688 hd

1227
HD stop 3698

1224
still have the hd shorts and drv long, gold long

1224
out of INTC,,took profits,,will look to reenter short positions later

1220
2152 intc stop

1219
i exited b4 my stop was hit cuz i think its gonna get stopped out,, larger profit

1218
exiting HPQ here to take profits

1210
still have all thos other shorts, only newly entered long is MCD just last hourish

1209
stop .22 mcd for now

1208
adding MCD long here 7351

1205
out of MMM took profits

1204
8736 mmm stop last .33

1201
the stop orders are all "stop market" not "limit",,,, mistyped sorry

1200
8781 MMM stop market to protect profits

1158
intc limit cover shorts 2156 last 2143 to protect prodits

1156
HPQ lim cover 4578 to lock profdits and reenter later, last 4573

1147
still like mcd long tho its red now,,,looking to add to it but no entry yet

1146
stopped out of vxx, took profits

1145
tightening stop on VXX 3137 here on half of shares, last 3142

1125
trying MCD long here tho 7410

1122
if it makes 1290 i might re-short

1121
heres the ES bounce 3min mentioned b4,,,may go higher then should make lower low

1119
GC gold hit 1331.80 which was 10 cents over target 1331.70,

1114
just got stopped out of gold,,,still holding the last piece for now, will look to reenter,, 3624 entry this morn, sold 3723 for 2.78% profit in 90 minutes

1111
GC is at t3 now so riding it if able with tite stop else out for most

1111
DGP stop 3721, tite, last 3726

1109
GOLD is approaching target #3,,,this time i will take partial profits on it and hold rest

1101
dgp emergency stop set 3670, will likely exit b4 then

1059
eyeball glance ballpark trgt only,didnt measure it

1059
drv rect trgt approx 1685 from last 1636

1056
VXX (alternative to SPX shorts) is on fire higher

1055
theres the first red candle in gold gc 10min,,it should bounce,,,may need to pb more,,if pb then poss add more longs else running with existing pos,,,we expected pb red candl

1041
1331.50--1332.00 maybe max for day,,, limit orders in place 133160 to cover a piece of the gold

1041
i do not really expect gold to recover all of yesterdays big red candle, but riding it up for now,,,the first pb in gold intraday should bounce, then may exit

1040
GOLD just hit trgt #2,,,on the way to #3 next, 1331.60

1038
es on daily, this looks like wave 3 down starting, wave 1 of 3

1037
es 60min says this is just the start of selling in coming hours days ,,,,shorting the rallies makes sense for swings scalps both

1033
gold blew thru trgt 1 after small pb and now approaching t2

1019
1328ish and 1331.50ish next trgts

1018
gold just hit the trgt,,,watching reaction closely here: rejection? consolod? breakout higher? still holding

1017
GOLD GC approaching target, still holding, DGP up now 1.79% in 45 minutes :)

1009
for a long term trade, multi MONTH hold, i'm looking for entries in shorts MSFT,,,, unlike aapl, the msft stock has gone nowhere,,no entry yet

1009
WOW everythings down now nicely:  HD   mmm  intc  hpq,,,some more than others, remaining swing short in all

1008
i still like drv for swing, but have not added to it since initial entry,,and looks like it may need another day at least b4 adding shares,,,,

1005
Gold GC trgt 1324/1324.20 first

1000
GOLD daily is still in downtrend, but i believe its due for a bounce,,,but since its contratrend, the gold swing scalps are being entered and exited in shorter time frames,,,gold will likely continue to move sideways with upward bias, then down, then up,,, entering and exiting on the 60min chart extremes or consolodations, using the 3min and 15min to pinpoint entries

957
they need confirm as always but those ES 60min last2 candles are bearish topping pattern

943
caught DGP just in time, it just shot up 0.6% last min, more opps should present to add mor gold

941
daily HPQ has been trying for 3 days to break the parab SAR point,,,it's broken it lower today :) ,,,, still will often see chop on initial breaks

939
i am reentering GOLD long here, gld or dgp, dgp 2x 36.24, a 50% size position, may add more later

934
HPQ continues to be weak, still swing short there,,intc still circling around entry price short,

918am
Hi

* 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".

* 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".

Thurs ramblings

410
Look at daily charts of axp, BA for an example of what these candles do on downside when confirmed

408
they need confirmation with a daily close below the low of the shooting stars

407
candles don't guar the top is in intermed, but do suggest warnings, and that prices will revisit here even if they break higher

406
ibm got one 2 days ago

405
HD got one yesterday, and it retested the high today, so no confirm on the HD

404
INTC also has one!

403
WOW look at that candle on MMM,, v bearish gavestone,, we are seeing these candles on DOW stocks,,,other day HPQ got a long red candle dark cloud cover, now this

358
exiting .38 here TLT, 90.81 vs 91.38 and 90.81 vs 90.59 on TLT today,,, and 4 points on ES

357
9134 stop

356
one could add a 25% size starter position long gold,,,i'll just wiat

355
maybe GOLD long tomorrow????

354
LOL 4 cents from stop sweep and still in TLT,,, will close position to lock profits b4 end of day,,think a better swing entry may present

350
HPQ   INTC   MMM swing shorts all look good,,,while HD short remains problematic and red,,,but not exiting HD,,,still valid short to me

331
TLT almost has a 3min macd hist dbl bottom bullish,,unfinished

325
same wedge as one  mentinoed this morning

325
on vxx 60min,,,looks like a break higher from bull fall wedge, and a backtest lower,,if so then higher vxx coming days

321
if TLT 3min can just move sideways or stay over .26,,,it will have a nice bulll divergence,,,still forming and premature, just something to watch

309
VXX 3min just started moving up along with ES,,,could it be ES falls?

305
conversely if instead the 3min dbl tops, then 9100ish target

302
and,,the W pattern in the newly formed 3 min chart on TLT,,,points to,,,about the 9190ish target from befdore,,, principle of multiple running confirmations

isn't tech analysis cool? of course it might not make it there,,,,

256
will keep 25% of shares with lower stop near breakeven as always

255
TLT hit .31,,,,almost swept the .26 stop,,,still surviving atm

242
wow that was  a stop run on TLT,,,my stop survived it,,,was expecting that at the .60 trgt,, i'm not lowering the stop

229
larger TLT positions i'd set stop .58 here on a piece of it

226
TLT is at the .60 trgt but i'm holding,,,cuz it didnt go up here on a big candle,, small candles can push thru the trgt resist as it consolodates, stops still set .26 with .40ish mental

226
MMM may have hit intermed term top, still short from yest swing

215
real stop should be 9132,,,allowing a lil margin

215
if they run my stop, mayb i can buy it bak lower

214
9126 stop on tlt, half

204
15min TLT chart is telling me to stay long for now,, 3min pattern allows for a drop and retest or higher hi

200
also mental stop .27ish

159
still see 9190ish trgt

158
if tlt stalls at .60 i'll take a piece off and try to ride rest higher,,may not have time to post it live if moves fast down,,,using 1min charts

152
9160 should stall,,,if not then can get 9190 fast,,will observe reactions

151
9160 next trgt

149
9127 last vs 9081 entry

148
TLT still continues higher,,staying long the scalp for now

127
still no new entry setup for long gld gold dgp, wont get it today unless does a huge plunge, not likely

120
look at es 3min vol pattern, bearish

105
changing TLT limit order to only cover half of shares,,may hit higher targets

100
if i didnt already have DRV (sadly from higher cost) i would buy some here

1258
harsh rejection on the HPQ at the zone, from 4693 to 4679

1258
9127 resist on tlt tho,,,needs to clear that,,,if it does then should hit its second target up

1257
3min bull W tlt

1256
TLT is trying to breakout now,,,,

1255
since 1130am, both TLT and ES have been rising,,,with TLT the stronger chart pattern imo,,,could put pressure on ES

1249
HPQ is approaching "add shorts" levels at 4700--4730ish,,,watching for now, no entry,,last 4690

1222
micro scalpers could take 20 cents profit here on tlt, still see higher

1207
limit order to sell TLT 9169 if able, under the 9176 target, scalp

1159
DRV pulled back here but still like it swing long,,,pb expected,,,still not ready to add more shares yet

1154
a 15min close on tlt over 9100 would confirm bull harami and small candle consolodations, over 9120 would confirm macd hist bull PpP pattern

1152
TLT now outperforming ES shorts spy shorts

1149
new intc short from yest finally getting a little action, nothing breathtaking yet

1148
it may want another hi tho over 667, unsure, watching for now

1147
futures sym /ZC

1146
i want to short corn via CORN etf, no entry yet,,,, rode CORN and DBA up nicely for many months

1142
TLT may want 9033 or even lower, unsure, why a half size pos

1142
TLT 15min bull diverg plus "almost" rsi bull failure swing setup are some reasons among many trying the tlt here

1140
paying 9081 for TLT , in now

1137
order for 50% size order in TLT,, may buy more lower

1136
or alt is to short TBT 2x

1136
TLT 9076 long lim if filled, 9086 last

1131
uh oh time warner cable modems down,,, good thing verizon clear backup is running

1127
taking off half SPY here to lock profits, on 3x it would be over 1% profit

1120
can take 7--23 minutes

1118
es 3min pattern here, will usually bounce then make a lower low, for scalp exit on next lower lo if it works,, swings would hold longer short

1109
es approaching 1291 trgt fronm 1296,,,will not auto cover there

1103
marginal break higher from the vxx wedge here now, if 2980 holds then should test 3085

1059
first, mayb vxx make another lower low to 2957ish, mayb not

1058
look at VXX 60min,,, its in a nice bull falling wedge, with expectation of a hard rally higher,, and the wedge is getting tight now

1056
maybe 1291 es long scalp, still short for now

1040
spy 10min, es, now have 2 bear shoot stars,,,needing a 10min close beneath the stars low

1037
INTC continues circling around my entry point for short, near breakeven plus or minus a few,,,still see lower intc coming days horus

1028
heres the expected spy 1min retest higher,,,watching to see if if it moves sideways now, or higher

1027
TLT approaching support, no new entries long yet, or may short TBT (same thing but 2x)

1026
dollar usd poss rally here intraday, may press es down

1021
usually 1min will retest higher on first cross tho

1021
that HS holding atm,,,1 min stoch cross bear, spy

1017
SPY 133t chart, poss bear HS

1014
needs to break yesterdays low, close to it now

1013
wow hpq another nice drop :) red 3min candle :)

1002
glad i closed dgp gold yest for profit at 3800, last 3760,,,may look to reenter long gold gld dgp later

1001
HPQ continues weak, still short there, outperforming spy on downside

957
could use spxu 3x but like the volume fills on spy more

956
shorting SPY here too, same resist #, 129.97

952
MMM gapped down but rallied up hard grr :@ ,,,still see lower mmm for swing short

950
1613 drv looks nice, i'll add to drv swing too, but waiting a bit, at least an hour LOL

931
LOL yest when i said i thought INTC would gap today under 21.80 i didnt mean 21.76, was thinking 21.68ish, oh well

914
the newly entered MMM short from yest is working, pre-market 8850 from 8957 close, down $1

912
10am pending home sales

906am
Good morning


* 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".

* 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".