358
i decided to exit the SCO and EUO
344
uso 3532 shoot star looking for
333
this is ridiculous...if it stays this muted until 355pm, i might just keep the EUO and deal with it in the morning, for better or worse...i still see a move up in the EUO,,,same with SCO
317
BTW,, the EUO is a very gappy stock...has lots of up and down gaps, normal for currencies
317
i will close the EUO today for miniscule gain, waiting but might not have time to post it fast enbough....unsure about oil sco...may or may not close it for 1-2%iosh
315
ES "should" sell into the close: the 3min bounce was weak...step 2
238
y: ahhh...Market Makers now gently selling oil again...the games these guys play...
3533 uso may give a shoot star
228
Market Makers have stepped asid on oil now with big spread between buy and sell, so no way to tell which way its going
i DO BELIEVE however that those MM were shorting the 9750 CL oil area yest and today, so i'm comfy holding this longer...reports showed they were selling it
227
fine with me if they want to run up oil to yest hi ...even a slgiht break over it.......if it happens i'll consider adding shorts,,,if lower i'll take gains... shorts still in profit zone but not wanting to exit here, think lower coming
213
DX is keeping me in SCO, shorts oil...still think higher us dollar, lower euro, higher EUO 2x
212
if it WAS the MM...they popped in and out VERY fast,,,theyve been know to do such games of course LOL
211
maybe my software missed it, or bad data point, thats a lot of volume lower on USO for retail... but it says it wasnt MM
210
unfortunately this is NOT the MM selling oil,,its retail or daytraders or small ppl
the MM may join in later on selling, they already did sell this level earlier today tho
74% rang at 1496
150
15min USO has a bear flag...wish it would just hurry up and break lower already LOL....not likely aggressive tho until the MM change their levels
149
y: ES: 3min chart: look at volume at 12:48pm and volume now...see it?
..bearish vol diverg...less volume on second trip up to the high
148
there is a bearish volume diverg forming in the ES 3min charts
144
EUO looks like it could pop higher on its chart tho
144
WOW now MM are allowing for CL to go up to yest high, theyve raised their sell level....could see this thing bounce, i remain short for now tho, maybe add if it bounces unsure,,,they could easily lower it again...watching
133
4120 poss bounce in DUST if it get down there
133
4179 gdx trgt, raise a few cents, then rejection there poss
128
EUO waking up?
127
72% ES short alert rang,
125
took 1496 short, changed mind
125
15min ES chart giving a warning, and 60m
125
if ES hits 1494.75, a short "down there" could work imo (break of support),.,,,still waiting on the resist trgt 1498/1500 or maybe diff
123
shorts BELOW the mkt 1494.75 or ABOVE mkt at 1498/1500 could work...watching to see how it develops, for scalps per 3min charts,,,,i'm not taking it but watching for better formation,,,thats the trade premise atm
112
USO may get rejected here in 1min
1233
3490 is the MM buy level...they will cover htere
1219
there is the expected shjoot star on the USO 3min chart... those market maker reports are not perfect, but they are generally accurate anmd helpful....often the result comes 1-3 minutes after the MM posting, cuz it shows their intent and follow thrtu
1211
uso just exactly hit the 35.33 trgt,,,watching reaction at exact hit
1208
3533ish USO expecting, then stall to lower
1208
heres the move up in oil,,,,could go a lil higher,,,watching to see if it gets rejection at MM sell level
1206
so we may see a pop higher in oil first, up to the MM sell level, followed by lower, and often this manifests as a bear shoot star candle on the 1min or 3min charts, like we saw yest
1205
MM just lowered their asks on oil a bit...they will sell just over todays high atm...bearish for oil
1152
LONG in EUO, new position in vse
may exit this one just with a small gtain,,,think it will bounce today
1144
if instead of a small candle today, USO gets a larger red one, then it could be considered as confirmed today
1144
the last 3 candles on USO daily chart: this is a bearish eve star formation. that would be confirmed with a close tomorrow or soon after, with a close under the 3 day low of the pattern.
its a trend reversal pattern that suggests lower
1112
here are my orders for the vse.marketwatch.com portfolio, for open positions, that I will keep while on vacation:
Sell limit SPXU 36.00
Sell limit AMD 4.44
Sell limit ERY 7.40
I expect that better gains could be achieved, but that's what i've set the profit levels at for now.
1111
oil may be making its wave 3 down now, 15min chart, for those that relate to ewave, wave 3 is the "big one"...tho i dont specifically make trade decisions on ewave myself
1102
oops....DX slice thru the 7925 buy trgt, but has bounced back up to it, nervous traders could exit LOL...tho i see higher dx
1052
or, will add if the 15min chart on oil looks tired, overbought (its not anywhere near that rite now)
1051
if oil bounces high enough, i'll add to oil shorts, else will just keep existing position in sco
1036
DX longs could work here 7927
1036
3430 is todays stretch trgt lower on USO,,,3805ish on SCO
1035
MM playig games in oil... could see a move in next 1-12 minutes...
1030
but: the biggest moves down come from "failed" breakouts higher, so giving this some time here
1030
theres a lot of support at USO 3500, it is the breakout point on the 60min chart over the 1/22 and 1/28 highs, but it "only" moved up 50 cents after breaking out, IF that 3500 can break lower, nice follow thru down could happen. but need to respect the support in the meantine
1027
MM lowered the CL bids a lil, 20 cents, may see move lower in CL and higher sco as result, last CL 9717
1017
oil chart pattern on this 60min chart: oil "should" have 4-16 hours of downward bias, but of course it can move higher in the interim, and i dont have the time LOL....4-16hours cash market not futures, 4-16 hours down bias in USO and up in SCO
1014
meanwhile...oil... i'm not happy that MM level is currently at 9700 CL,, but i'll still give a chance to break lower for the short...it may be tough tho unless they drop that bid...
atm SCO is at 1.1%ish gain, but would like to see oil lower to push the sco gain higher, bought the sco yest, posted here
953
in todays tza prices LOL...theres a BUNCH of Inv Bank resist at the 1440ish level though, large orders likely, meaning its good chance it will make it up there, BUT it may quickly be rejected...retail may need to sell at the 1430ish level, unsure
952
then 1205 and 1440 are the current "next sell levels" on Inv Bank, for tza
951
the Inv banks sell level on the tza is at the approx 1159 tza,,, so it "looks like" they are still accumulating it, for a move later over 1159,,,but prob what will happn is a stall at 1159 as they sell some, a pb to a higher low where they buy, and then over 1159 (swings,,,,multidays weeks)
950
btw, 1120 was an "old" Inv Bank level, so even here is "ok" in tza at 1125...they bought the 1120 too and are holding for higher tza, the Inv Banks
948
for swings, the Investment Banks are MAINTAINING their tza buy level at 1090 TZA,,,yes a trip down there would be painful, but its actually good to have them at 1090 because yest it was at 1070 then they raise to 1090, and they are holding that level despite this pop higher in ES this morn (lower tza this morn)
of course, they may change the levels, will watch to see if changed. also those are Inv Bank level ,, the MM levels are diff
Trades can be viewed at the links below.
http://www.marketwatch.com/game/christopherstockguy-100k-port/portfolio/Holdings
For details on the portfolio see this posting:
* 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".
