Tuesday, March 29, 2011

Tues thoughts

439
BAC,,,daily bull hammer today at the bottom of a trend down

420
ES is now exactly under its 60min trendline #3, resist holding on that line (line starting on feb 21 hi and connecting all highs wicks)

414
SPX is bullish as long as daily MACD hist continues rising,,also the macd line itself is almost ready to cross above 0,,with hist already over 0

356
1307 ES will likely hold on its first test if it goes there tonite, last 1314

346
BGCP finally put in a big 60min candle, still holding for higher swing trgts

340
CLX 60min BB trgt would be 7050 (50 cent range in BB)

337
60min ES has a bull W

322
CLX has FINALLY broken 70.00,,,last 70.10,,,LOL slow going but going,,, stall near .11 expected, maybe .22

319
HRB not participating in rally, good for shorts there,,,tho some pain on the HOLX shorts,,still holding the longs in  AMZN   AMD  BGCP  BAC  MSFT 

303
spx now has bear diverg on 3min, but they are not v strong,,still see higher spx but watching bear div

256
BAC has broken higher over 15min resist and must now break out of the bull falling 60min wedge in order to climb to the 60min DTL resist line, 1330 last BAC

255
LOL this CLX 70.00 is something else,,continues to hit 70.00 without break higher,, "someone" is selling up there but not "desperate" to sell any lower,,,when they've finished it should pop higher,,else still have the .72 stop in place to protect profit

241
BAC is at bottom of 60m channel and may bounce b4 more downside

209
long BAC 13.25 again

202
BUY alert intraday, triggered spx 1316

158
15min spx has bull inv HS which just so happens to measure close to the horizontal resist # of 1327, last 1315

148
70.11 stall is likely on first breach of 70.00 on CLX,,,will watch reaction if can get over 70

101
to me, 60min spx can continue sideways up another 4 hours,,,just watching supp and resist levels to see if hold or break lower

1252
on the dow, i'm looking at these to short, but none are ready yet imo, hence my non-dow short entries:  AXP   BA   GE  HPQ  KFT  KO  MRK  PFE  PG  UTX  VZ  WMT,, some may have another 2% or more to rise first

1238
added AMD 8.58 here long, 2nd entry, avg cost

1231
may add to the HRB short position later today, unsure, its near entry price atm

1230
60m clx remains bullish, still holding long for the break, with tightened stop still at .72

1229
15min CLX is forming a triple top: can it break 70 higher on this next try?

1156
1308 spx horiz resist broke higher, next 1328 spx horiz resist

1153
also on spx daily, spx has broken over the daily downtrend line from 1344 hi to 1311 hi with 4 touches b4 the break,,altho the break higher is marginal and need to watch to see if it sustains or is headfake,,but for now its broken daily with rising daily macd hist still

1139
CLX stop now 6968,, either holds .74ish or i'm out and look to reenter

1134
exited AEA,,small profit only 0.5%,,,i entered too early, too high, so taking the gift to exit here without loss

1117
raising CLX stop to 69.46,,will take small profit 1.02%ish if stopped out, while waiting on higher 4-6% trgts

1107
long term since august its poss amzn is forming a bear rounded top so will need to watch and take profits at swing stalls

1104
* HAS  broken out

1104
amzn 176 is next trgt, then 180, then 190,, amzn is breaking out of a multi month downtrend

1048
AMZN is now at swing trgt 1,,,will hold for higher trgts, 174.12 last

1046
trying long copper JJC 57.64 here swing,,,after waiting 3-4 days

1029
CLX has been pushing against 70 for 6 days now,,,thus far R has held but expecting it to break higher to 72

1025
60min SPX trendline support uptrendline has held test,,charts say to me one more bnc b4 swing short

1021
ES spx should stall here a bit, pullback may present long opp, 131.20ish spy last

954
i may exit TEVA for 1.5%ish profits and look to reenter,,,been stuck here a few days,,,usually it will pivot higher after such,,but if .72 breaks then i'll exit, stop at .72

952
AMZN has a huge green candle this morn,,i remain long for now


951
the daily 60m 15m chart pattern on SPY will often present an opp to go long, usually requires 1-4 more hours of work

947
AEA is also up 1.4% from yest

946
AMZN is bucking the opening spx down move,,, amzn up 1.25% ($2) vs spy down 0.34%, an illustration example of how trading individ stocks differs from trading the indices

9:12am
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".

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