1708 NWSA,,exited,,only 2.26% profit but can always re-etner,,,didnt move like IBM
342
*exiting not covering
342
covering 2074 TYP to lock 4.3%+ profit from yest
1697 lim cover NWSA
332
2096 TYP trgt
318
TBT would buy would be to add the second half, other half from 38.12
318
if filled, 36.77 lim buy TBT could work
240
EURO is waking up and may break support here for lower
234
158.53 IBM limit trgt to cover shorts if able, then bounce then lower
226
*1307.50 LOL
222
ES is about a half point above its daily uptrend support line atm, precarious having tested it twice in last few days
215
idea: cover nwsa 16.77 if able, from 17.49 entry,,then look to reenter short
210
TYP trading idea from yest up 4% roi now, tightening stops makes sense on half
209
NWSA has also cracked support and is outperforming IBM
207
159.17 IBM trgt or near there, last 160.21,,, a close under 159.00 would be v bearish and put IBM below its feb 24th low
210
TBT poss bull morning star reversal, daily, needs confirmaton (or bear eve star on TLT)
154
1290.75 next es trgt
146
ES just exactly hit 1310.25 target and bounced, still see lower on 60m charts
144
IBM is about 10% of the DOW $DJI index weighting i think
144
IBM has cracked support and sustained, for now, still see lower to next support level which is more impt one (prior daily low)
134
still have a hold on typ atm
134
TYP is up 3.4% since yesterdays trading idea
128
an es close under 1288 would be bearish,, imo thats what bears need (not nec today),, watching reactions at 1310 and 1290 es if gets there
118
watching nwsa support test at 1729,,,,still see lower for swing nwsa
107
* "often" is a better word than "usually"
104
"usually" a significant bounce over 10 points would not happen for at least 3 more hours,,but those are just "usuallys" for observation, anything can happen
102
1310, ,,, 1291 trgts initially ES
101
60 min ES chart, this pattern will usually make a lower low
1243
IBM is developing a pattern thats similar to the bear 3 methods (5 candles daily) continuation lower pattern, watching reactions,,,this is the same pattern we talke about when NFLX plunged before,, for swings it suggests lower IBM in coming days weeks, along with other indicators, if confirmed
1230
Russian stock mkt RSX also weak today, bear engulf daily candle atm
1204
IBM has marginally broken its support from yest,,,watching reaction now for further down , or a bounce higher
1203
because the ES daily trendline was tested so recently (3 days ago) it could easily break on the next test, tho stall expected,,,,trendlines also break sometimes as prices shift sideways
1151
IBM is back down on another test near the 161.27 support from yest,,still looks like it will break lower eventually to me
1140
also a poss bear HS developing on daily ES, too early to tell now
1139
1310ish is the daily ES uptrend support line from sept which must be respected until broken lower, i do expect a break of it after poss stall, and then a re-draw would be needed on ES daily for a 3rd lower support line. The current support line is #2 redraw, usually after the 3rd redraw breaks then a trend change, so possibly still some more work to do as ES chops around volatile in daily
1133
ES 1310.25 trgt lower, last 1319.50
1122
lim 5783 scalp qqqq could work, short
1052
ung calls 7 cents could work,,,
| UNG Apr 16 2011 6.0 Call |
or the $5 calls would be a less agressive trade instead of $6
1014
RSX is already approaching yesterdays low, have a hold short swing,,
TYP is also up as qqqq r down, have a hold typ also
839 AM
Adding more silver SLV shorts here 3356 could work
* 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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