Friday thoughts

349
a close under 1305 ES would be bearish

348
ES is now at 60min horiz supp and trendline supp but of course we close in 12min

327
 took 1% scalp profit on part of amgn,,will still hold rest as swing,for now

326
60min es trendline supp at 1307, and ES 1309 may find buyers

323
AMGN has one more trendline to break, the stronger daily one,,,if that happens in coming days then it should see 5100,,last 5303

313
AMGN has broken support :) but now watching to see if it can sustain or not for short,,,5318 last

253
AMGN is NOT moving up with spx dow spy here on this lil rally,,,so far so good on the AMGN short

202
i'm expecting AMGN to break its 15min uptrend support line,,,if it does not break it but holds then i'll likely exit this today with a small profit and look to reenter short,,,else will hold for swing

144
expecing TBT to break over its mid boll band like TEVA did, the 2 charts are very similar daily charts

143
its going slowly but TBT is managing to advance, broke yest hi but still at resist here,,needs to break over it,,,,lower tlt treasuries is same as higher tbt,,,

134
shorted AMGN 5349,,,under .70 trgt, a few less shares due to premium price paid

118
lim short AMGN 5370 last 5350

1232
sliver just dropped about 20 cents in last minutes SLV

1146
BGCP bull pennant, watching for break higher, 60m chart

1136
now looking for a SHORT entry in  BAC,,no entry yet,,,waiting for the xlf to weaken and then will prob short BAC

1125
CLX may break out today, tying rite now, trgt on 60m chart is approx 1.30 points to 71.00ish, 69.83 last, still long from 6862 at 1.75% roi atm

1116
MSFT now has the same 5/15 pattern on its 60min chart,,,because its on 60min, a larger pullback first is allowed, followed by a larger upside breakout

1114
the pattern just hit its first trgt,,watching to see if goes higher or pulls back now

1112
On SPY SPX,, yesterday i mentioned the bullish asc triangle in the 5/15 moving averages, same setup as last friday in russel tna,,,today we are seeing follow thru once again on that pattern


1111
174.40 initial amzn trgt, then 176,,,last 17335

1104
msft 2566 long.close enough to .62 trgt,,re-entry after taking profit yest

1102
lim sell amzn 175.94 under the 176.20 stretch trgt if it hits that today, and then may re-enter again

1056
SPWRA is stuck, not moving at all here but is in a nice bull asc triangle daily,,,holding longer, at 4.3% roi for now

1049
ES is now near that "3 pt trgt" now but still no short re-entry

1044
looking for an entry to short NFLX again,,,but still waiting for entry,,may need another 4-20 trading hours b4 setup

1036
 AMZN: same trgt as yest to start

1034
lim buy back MSFT 25.62 (re-entry after taking profit yest),,,may not get a fill, wont chase msft as there are other opps

1029
3min chart trgt is about 3 ES points higher from here

1027
TEVA long could work here for swings multi day/weeks, at 50.00,,,i'm not adding since already have a pos from lower

1022
out of SPY shorts,,,,taking small profit on SPY short,,,covering here,,,will reenter later,, from 130.60 AH fill yest short

1006
re-entering AMZN long 172.03 here,,  (took profits yest, reentry,,think AMZN will meet its 2nd trgt)

trading individ stocks is diff than trading the SPX DOW indices,,,can always find longs and shorts in individ stocks

952
long AMD 8.85

942
EUO has gapped up nicely this morn due to weaker euro stronger dollar,,still a lot of work to do tho to break out higher

921am
GM

* 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".