taking a piece of pfe off here for scalp,,,holding rest of scalp and swing for higher targets
334
pfe trgt 1603 if abvle
322
es just hit the 3:10 pm trgt of 1048.50 :)
314
pfe 10min sotch suggests higher
302
in pfe 1585, combo day n swing additino
243
watching for pfe bull failure swing rsi 3min,,,should get it
238
some stronger stocks today have large green candles early in day,,and small red dribble ones,,it could reverse
220
i want to aded more swing shorts but dont have an add more shorts setup...just a "hold older shorts" setup
215
reversal warning just thrown on software es 104650
152
software triggered a mild buy program warning signal for pfe,,,signal only no program yet triggered
150
ES has a 15min bull harami but not confirmed,,unknown if strong enough to break the 60min downtrend
140
spy 15min bull flag still valid,,,
137
MCD now just 20 cents from prior high of day,,, 7374 vs 7394
135
1056 es trgt still valid
118 PM
pfe has poss bear desc tri in 3min,,may force me to exit and reenter,,watching it here,,, to see if it breaks up instead of down,, for now i remain long pfe mcd,,,mcd doing well
102pm
ES 1056 trgt on a bounce, at declining resist
1244
KO acting better now,,,looks good ,,,trade long still valid in swing,,,ko has a swing long setup,,,for starter size position not full
1225
MCD quick charts in various timeframes. I remain long. Double click the chart to see full size larger...note how the rsi 15min trendline is holding support, tho getting tired,,,but big bounces can happen before exhaustion
1203
buy progr warning in mcd 7360
1156
MCD is strong but i dont like spx weakness here,,,i'm taking half of mcd off to lock profits,,,7354 sold half
1146
umm....poss broadening formation forming in ES<,,, see it?,,, if so, even more volatility and whipsaw
1135
if mcd gets over 7370 and sustains,,,it should squeeze the mcd shorts
1135
MarketMakers love those marginal violations of support, esp when it is newly est support, to run stops
1133
well mcd viloated that 7333 support on a hit to 7331, but has since recovered to 7350 so for now i'll consider the support has held
1105
bought back mcd at .45 that was sold at .62,,,,as it hits the coil support line,, original cost in mcd 7259
1100
interesting,,,pfe has a 60min bullflag which itself is inside a daily bull flag
1053
mcd time analysis suggests poss break over 7370 by 11:17 AM if the newly est .34 support holds
1049
ADX says pfe is trendless atm,,,and KO trendless,,confirming / agreeing with the coil patterns in each
1048
MCD adx says mcd is stilll in 60min uptrend
1046
wow BAC is moving higher,,,good,,,i wanna short more of it,,no entry yet,,, at the 1287 now
1044
mcd will either break its coil beofre 17 minutes or convert it to an asc triangle
1039
one could take MCD partial profits here then buy bak lower,,, 7361,, but could easily break the HOD
1038
mcd is in a bull coil that measures to, unsurprisingly, 7400,,prior high
1035
see if pfe can hold its support at 1596,,,steep support line
1030
es volume analysis: the ES 3min big green candle at 8:30 AM is higher than any volume bar thus far today
1023
lets see if mcd can hold 7333 newly est support or not
1021
wow look at those ES contracted 60min BB,,, fireworks could happen today
1018
the MCD 60min chart is getting tired, but it suggests more up to come first,,, the question is will the rsi macd carve out a "confirms lower high" or a "bearish diverg with a higher high"... daily still bullish
1015
yea..horizontal support 1068 INTERSECTS with downtrendline there (exteniding DTL out in time a lil)
1014
1067 ES should give decent resistance if its hit
1005
KO is very close to a swing long setup (i already early yesterday starter position)
1002
algo for mcd is hold long for day so far,,,hold pfe day and overnite so far
1001
for holds over 1 hour,,,my autotrader algo 82% on ES says,,,,do nothing yet LOL,, for longer holds intraday not scalps
959
1297 or 1303ish BAC may give a nice "add more shorts" entry,,,will see what charts look like if it can push up there
948
MCD often has most of its action packed into the open and close 60-90 min
945
bull 3min on hammer ES, and confirmed with with a close over the hammer hi, for intraday trades
940
PFE at its HOD here despite spx pullback,,, MCD down with SPX but still in profit zone
938
KO continues to bounce around, but still within its bull coil,,, nothing dramatic expected until the coil breaks
929
MCD is perched at 7370 premarket,,,,it may break the 7394 today for a new all time hi (curr 7394)
916
es backtesting to 1057 breakout point,,,if 1057 doesnt hold down or whipsaw
910
KO has a newly established uptrendline on 15min chart yesterday after it made the low of day. I'll remain long KO at least as long as the trendline is unbroken. a break lower of the TL would be ok since its steep
902
mcd has hit yesterdays target of 7360,,,but i'm holding it longer for higher targets
850
ES hit its 1061 target from 8AM with a touch of 1061.75, now watching for higher targets if support holds
846
the 3 min on ES is now forming a mini bull pennant,,, needs to hold 1059
8:10 AM Thurs
Bulls will want to keep ES over 1044, but preferably over 1047 or 1052, to give a bounce. A violation under 1044 suggests 1037 and lower. On a break over 1060, bounce targets 1061, 1068, 1076, 1083 (lower targets need to break higher in order to get to next higher target).
The long positions below are shorter term swing, hedges against my longer term market shorts via TZA FAZ BAC short. I'm bearish now, hence the shorts, but trading these stocks long for the expected bounce.
MCD chart. Double click to see larger view full size.
KO Double click to see larger view full size. (in KO 55.35 long)
Earlier I had traded the KO breakout from 53 and closed it at 57. I've re-entered early here, into the bull flag, partially based on the MACD bull divergence (purple line) that has set up within the bull flag. A bull diverg inside a bullish pattern (flag) prompted me to take an initial position. KO may want to go lower, but I like this new entry for now at 55.35 down from 57, to expect 57 test and then higher to 59.45 and then 61.20. A stall at 59.45 would be expected, since that is the KO 365 day high. Because the entry was early, I posted that I expect this one to be sluggish at first, until the flag breaks higher. The daily falling blue ADX also suggests some range sideways for a bit (non trending).
PFE Double click to see larger view full size. (in KO 55.35 long)
PFE is another bull flag, and is already up at 1.3% profit from today's entry at 15.78. Similar to KO except I mentinoed this morning that PFE will likely move faster than KO. With that expectation, I entered a larger position in PFE today (more shares) and already took some off to lock the 1.3% profit on those shares. Target is over 16.50 for PFE,,, targets 16.55,,, 17.39, 17.64
746pm
3693--3708 looks like possible good spot to add more tza,,,will see what chart looks like if it gets down there, last 3824
6:55pm WEDN
july 6 and 8/24 lows on IWM are 5866 and 5880, we can see support was hit and bounced a lil to 60.50,,,yet tza's highs were 45.65 and 41.67,,, the 41.67 fell far short of the previous 45.65, such is the nature of leveraged instruments
* 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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