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".
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