thurs ramblings (and Wednesday eve / Thurs morning pre-market ES )

1248
i will keep a small PG as swing

1231
PG bias still down now...

1229
stop 6134 PG..near breakeven...shouldnt go there or i'm not interested

1228
last pg 61.24...needs to break under 6122

1215
PG stop 61.43 cover

1211
PG charts changed today... i am seriously considering covering this short today until they make up their mind... 60min shows poss pop up, and daily also... this was not like this at 9am today

1207
skf still looks good. 23.90 last

1157
6126 break should give 6117 next PG

1156
considering GE long in the coming days... not ready yet for me....

1155
bear HS forming PG 2minute

1151
i mgiht exit this PG short today depending on the close... or reduce shares... there is poss bull inv HS on 60min...

1142
qqqq .93...near 46.00

1141
qqqq starting to form 3min bear diverg... unknown if it will have any effect today

1131
hmm poss bull inv HS forming on PG 60min.. watching this since i am short....

1129
if pg stays under 6140 here it should see 6120 6110 again next

1112
ah... now PG is showing it's normal pokiness.. in a 2 cent range lol

1056
lesson i re-learned: last month (the hard way):  i exited a trade when i should not have. Why? because i was looking at profit / loss... NOT at the price action. If the stops are set, if the position size is correct, then there is no reason to worry about the loss. you already expect it and are budgeted for it. Look at the chart, if the CHART says "exit"... then exit.... (of course,,,, taking profits is good... but don't let emotion take over cuz of looking at P/L)

1051
PG targets (lower cuz short): 60.83, 60.49, 58.54, 58.30

1048
PG could see 6160 today...still like short tho under 6182

1043
PG is very active today... for PG... it can often be pokey.. it's whipping around here... still short,,, 6130 vs 6127... nervous PG could cover here...i will stay

1024
qqqq 60min setting up bear diverg that suggests test of 45.64, 45.40, 44.70... last 4585

1019
qqqq is setting up a large bear diverg in 60min chart

1016
the spx broke higher out of the bear rising wedge... no surprise... i've mentioned several times that they have a tendency to break higher, then fall later

1000
PG...looking for it to hold under 6127 for another trip down...

958
as expected PG hit 6111 near 6110 by one cent...has bounced up to 6125....

951
DOW is up, but PG (a dow component) is down. WHy? Strategy: BUY LONG stocks STRONGER than DOW, or SELL SHORT stocks weaker. The DOW has been struggling lately, so last eve I looked for short opps. PG charts are weaker than DOW INDU, so I chose PG. Then, even if DOW goes up, the PG should lag.... if DOW goes down, PG should lead.  PG does have a tendency to be pokey sometimes though.

950
6110 stall expected in PG.... prob bounce UP there

949
PG at 61.17 now from 6130 short... doing ok

9:35
shorted PG 61.30

8:43
If able, today, I will be looking for longer term entries in the SRS SKF FAZ. 3-12 months. WIll also daytrade and swing if merited. Also looking at maybe GE long for swing / daytrade not long term, with tight stops.

8:31
Yesterday, PREMARKET, ES hit 1120, but it was never retested or hit yesterday during market hours 930-400pm. This also means that the SPX never go to the ES 1120 equivalent. This has happened before, due to the ES afterhours shenanigans.  Today, premkt again, it hit 1119.75.  Will the ES test the 1119.75 during market hours today? Will SPX make a new high today? I continue to expect at least a minor pullback in the SPX SPY QQQQ in coming hours / days.

I think this happened in July. I did not check to confirm, but I am pretty sure that the ES hit a low in July , and that low was never tested during market hours since then. I remember because I was short at the time, waiting for it to retest during market hours so that I could cover my SPY shorts (was short at the time).

 8:29 AM
*** The NYSE and
NASDAQ will close trading early (at
1:00 PM ET) on Thursday, December
24, 2009. Amex will end trading (1) for
those products that normally cease
trading at 4:00 p.m. at 1:00 p.m. and
(2) for those products that normally
cease trading at 4:15 p.m. at 1:15 p.m.
The AMEX will start accepting orders
for after-hours trading at 1:15 p.m. and
all eligible orders will be executed by
1:30 p.m

* 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".