Tuesday, January 5, 2010

Tuesday's ramblings

358
sold most sso at 39.70 near high of day 3975

344
charts suggest it will break higher

343
spx just tested HOD... as we expected....

341
sso 3970 target hit... :)

340
spx could hit 1138 today

339
i like spx short but not yet.... looks like more up poss in spx... last 1136

334
sso close to 3970 target...already hit the .62 trgt

333
if GE hits 1557 today it should get another nice lil pop up

332
re: GE... its a stock not etf... i always hold fewer shares in stocks than etfs for swings, due to gap up/down risk higher in stocks

330
spx is moving up as expected... still think test HOD or higher... not nec today

328
sso stop .53 for all except 25% of shrs

325
NOW the sso .62 target was hit... still holding for daytrade for higher

323
TRADE SWING: LONG GE at 15.47
i am going LONG GE swing....low risk trade.... GE looks like it want higher

313
still more room up in the 60min spy bear wedge

312
to me charts suggest at least retest of high, or maybe new high, tho not neces today

307
oops...target was .62 not .61...sorry


307
sso .61 target hit

258
spx broke over the 3min DTL resist line and is backtesting it now

249
stop 3946 on 75% of sso

247
sso targets 3962, 3970 to start

246
positioned with small risk in sso in case the pump comes... crouch tiger still in play

238
sso is doing perfect touch now of its 3min DTL... see if breaks higher....

235
small 3min bull diverg in spx

232
84% bull crouch tiger in spx ....

221
buying some sso here for bounce at 39.33

202
spx forming bull fall wedge 10min chrt

135
charts suggest it will try for 1130

134
spx is back at 1132 which was pretty good support yest... see if it breaks down...

126
stop .91 on 50% sds

123
stop .83 now

122
sds moving...3404 trgt with stall expected

122
looking for sds to hold 33.84

121
sds bull diverg 10min chart

117
sds 33.90 long stop .80 for now small risk

110
well that was fast...stop out of PG...small loss grr

103
bull inv HS in PG 15min

101
buying some more PG here 6116. stop 60.97

1247
out of sso minor profit

1243
Market MakersM have been selling quietly today...suggests upside is limited unless they switch gears.... i remain long the sso until stopped, and in PG

1234
surprisingly i am still in sso...one penny away from stopout...

1228
2 cents from stop on sso...... will not change it

1223
if spx stays over 1134...charts suggest another pop up in spx, tho perhaps not a new day high, before any decline. sideways.

1222
sso 3953 stop...keeping a tite leash on this here daytrade

1216
mental stop sso 3952..hard stop at .47 still

1212
sso spx are marginally breaking over the 10min DTL here...testing it with minor break higher... watching to see if R holds or breaks higher with sustain....

1208
3970 first sso trgt...last 3960

1203
sso stop rasied to .47 for low risk trade,  a free ride above cost. if that breaks lower, will re-eval long vs short daytrades

1157
PG near 6131 trgt...last 6127

1152
the spx has an intraday positive divergence (not to be confused with bullish divergence)

1149
stop 3936 for now

1148
hmm... trying some sso here 39.50 tite stop...
65% bull crouch tiger spx suggests some chop maybe up b4 down,,,playing the sso

1142
took some profits in PG at 61.22 here...

1141
very tite stop but will protect profits....

1140
spxu 3452 stop on 50%

1136
stop set in spxu at

3448 just above breakeven for 50% of  shares
stop set in spxu at 3448 just above breakeven for 50% of shares

1130
mental stop in spxu 3440

1126
if 1133 breaks next trgt 1130... or spxu 34.93ish

1125
spx rite at support here...testing supp

1124
taking profits in all fo PG long except 25% of shares which r set at breakeven.

1122
stall here expected...is ok...for me

1121
3451 spxu stall expected....

1116
50% of PG gone --profits taken... look for re-enter for more maybe

1113
PG is advancing tho SPX is "flat" last several bars

1112
.17 target hit in pg

1111
wow pg hit .12... one cnet from .11 stop... not stopped out... last 6119

1109
grr... PG is one cent from the .17 target... then 6122, 6131... which is why i raised stop. manual trailing stop to ride as high as poss

1106
PG 6111 stop raised


1105
PG61 hit 6117 target :) ... 6122, 6131 next

1102
PG did a perfect touch of the coil backtest line...see if it holds it down or breaks higher.. last 6110

1059
will prob sell at least 20% 6130

1053
stop raised 6101

1050
PG 6104 target hit...6111 next,,,,6122 6131

1048
raised stp 6094 on 50%

1041
stop on 50% of PG shares set at 6092 to guarantee a profit...can always re-enter

1039
PG stop raised to 6082. just under breakeven

1037
i am long PG...playing its backte4st to the broken coil

1029
PG trgt 6104, 6111, 6122, 6131... hit 6100 so far,

1028
out of GILD for small profit for now... focusing on the PG long (converted from short)

1020
long PG 60.80 (closed short...will reenter)

1003
i went long GILD 43.10 stop 42.97 for now
 
* ChristopherStockGuy is not an investment advisory service, nor a registered investment advisor or broker-dealer and does not purport to tell or suggest which securities or currencies customers should buy or sell for themselves. For details, see the post from SATURDAY, AUGUST 15, 2009 titled "Disclaimer".

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