Friday thoughts

415
aapl daily volume chart is misleading,,,the vol bar will appear green because appl was up 1% today, but by far almost all the daily volume was red, at the close

355
31.55 tza trgt lower

325
exiting the small silver position,taking loss

254
1245 and 1258 BAC targets for 75% of shares scalp

253
i'm raising the AA stop in 2 cent increments as it moves up,,,wont keep posting all those stop changes here to avoid ridiculous clutter,,, same with BAC

245
BAC low risk scalp: long 1236 stop 1234....its in this 2 cent range,,,if breaks higher will take profit else 2 cent loss

237
1695 AA stop,,, lol obviously i want out of this today,,,now in profit zone if stopped tho minimal

226
stop 1693 now on AA, raised

225
the daily spx candles,,,,this suggests to me tight stops on long positions and profit taking here at least partial,,,,this could fall 100 dow points easily ,,,or can continue higher,,,for swings,,,so will keep some select longs like AAPL and other,,, and getting out of other long swings today,,,will keep cotton BAL long swings

220
stop 16.88 on AA,,,reducing long positions "up here",, AA will be breakevenish/small loss if stopped, last 1694,,will try to ride higher but if stop hit then i'm out

212
out of F ford long 1554,,,from 1550, breakevenish

149
i'm going to exit Ford 15.57 if able today,,,,need to scale back on some longs,,,think F has higher to go but dont want risk,,,minimal profit of 1%ish on last entry,,idea is to reduce risk more than profit take

spx is nearing resist levels and while its bullish over the 1351, i dont want to get caught in a downdraft,,, keeping other longs in AAPL  BAL and others,,,may also exit AA long today with small profit, unsure

135
slv 60min has bull pennant not flag pointing to 50ish approx on break of pennant, but protective stop remains on slv,,,it doesnt "seem like" silver should be up here,,,but it is,,,crazy

132
lim sell half aapl 357.70 from 346.18 for $11.52 profit,,holding rest for higher trtgts

104
90.23ish next bal target,,,cotton up 4.5%ish today in a single day, a close over yest high would confirm pPp bull macd daily buy signal

1249
OUT of bal 8675 here, still have 66% of shares,
8300 to 8675 or 3.75 profit from this morn entry

1242
SLV stop 4640, lim sell 49.80

1213
unbelievable Silver,,,looks like it wants higher intraday,
agg small pos silver long SLV 4757

1202
mini break higher on the spx 3min bull asc triangle, with v mini bull flag last 5 candles 3min,,,but such small candles may be meaningless, but over 1363 R could cause accel

1150
spx trying to break that 1363,,,watching reaction,,,if breaks higher could be painful for intraday shorts

1131
the 60min chart of F ford is doing what the 15min chart did yest,,,60min pattern should cause a larger move than the 15min did, if it triggers

1110
60min aapl is stalling here, not yet broken out of bull flag,,,a pb to lower boundry of flag would be ok as long as stays inside it,,,or conversely may be a mini bull flag atm inside the larger bull flag

1108
for swings, if spx loses 1335 lower, could see 1255,,, losing the 1335 will likely also cause the 1295 supp to crack, but spx bullish over 1351

1102
*over 1362.25, spx not es

1101
3min spx bull asc triangle,,1365ish trgt if breaks over 1361

1055
for swings, not scalps

1055
this is actually a "defensive" stance from the bulls,,, indice etf traders of long qqq spx need to be careful and set stops,,, the bulls are still bullish but are now taking defensive positions

1052
individual stocks are outperforming even the 3x etfs long,,,showing that this time the moves are "selective",, in general this is common BUT it is much more exxagerated on my reports

1038
BAL 8688/8700 daily trgt, last 8332, cotton

1033
qqq down .11%,,aapl up 1.09%,,, qqq may catch up but rimm,, aapl outperforming today as expected

1024
lim sell ford F 16.13 then will look to maybe reenter

1013
9370 lim sell BAL from 8300 entry this AM,,,,may sell before then, but this time if the 15min DTL breaks then i expect a move up to near Wednesdays opening high

1008
back in BAL again 83 ,,, been good for 2-5 dollar moves lately intraday, for continues combo scalp/swing

1003
358.50 AAPL trgt, last 349.70

950
aapl trying to break higher from the 60m bull flag, not done so yet but close

* 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".

Thursday thoughts April 28

405
holding the tza short overnight for now,, to see how it decays in coming day

405pm
tza moved lower toward the .30ish trgt from 11:05 AM

319
heres the expected test of TZA low of day,,,still see the lower trgt daily

310
over 349.50ish would be a break higher out of the aapls bull flag 60m

305
aapl filled gap, bull flag poss on the daily and 60min

303
335ish stop

303
aapl 50% size position

303
swing,,, AAPL long here 346.17

238
AA 15min bull harami candles forming

234
watch for vix over 18 for spx pb,,,tho one could also argues its getting "too low" even for the bulls, too complacenent,,, stops r set on longs

222
my simple view remains same regardless: over the 5 Moving avg on a closing basis, bullish,,,of course we use other tools not just simple MA,,,,also bears need to put in a big red candle daily, not 3 small red ones, as small red ones may just be a bull flag

219
theres the high vol move up on BAC expected,,tho only for 5 cents its biggest 3min and 15min candle in awhile,,watching to see if can follow thru or not

218
a 15min close under tza 3274 would sugg test of todays low,, using 1) shoot star bear method and (2) bear amcd hist mMm

215
not much time yet but i still think TZA can make a lower low daily,, same trgt as 10am

200
not sure if the pokey, badly hit BAC will move up or not, but Market Maker reports suggest higher, sugg MM accum, 12.30 last, with 12.60 resist trgt, then higher IF it can break the .60ish area

153
for ford F,, a move over 1577 is what's "really" needed, for a test to 1618 for 1780 trgt

150
also,,15min stoch lil spike to 35ish,,,seeing if it can move F

149
if F doesnt move today then i'll likely exit a piece to move back to 25% size pos,,,50% size atm

148
adding Ford long here F,,,to existing position, 1548,, 3min looks like poss berak higher within bullish daily 60min

140
next lim order for BAL is 8720, with 8480 last

134
COTTON futures /CT appear to be putting in a bottom last 2 days, tho yest candle doesnt look like it the intraday suggests such,,and if CT can close near here today then it will ahve a nice bull hammer day candle,,,a rally to 175ish is expected, then stall, pb ,,, then 192 and 220,,, poss 280 in coming weeks months,,,last 152,,, sounds crazy but these commodoties can be crazy wild and move nicely

127
added AA 17.02,,,may go lower but paying premium here, half size position now

121
will add AA 16.77 lim if able, to existing long swing

112
grrr stopped on axp 4827,,,will look to reenter later long,,,profits locked, strong uptrend daily has been compromised and could see 4700 now

108
$3 on that piece,,,ooops

107
cotton BAL just got filled on sale,,,
$2 profit on that 25%,,,still have half

105
 axp stop raised to .27

1255
stopped out of CORN,,,will look to reenter,,,took a LOSS there :(

1253
changing lim sell axp to 4873 from 4885, lowered trgt and will try to buy back lower if filled, last 4844, watcing 4850 to see if stalls, axp is on a strong trend day with no pullbacks but is very near its daily trgt (swing trgts higher )

1237
UNG nat gas has broken nicely higher out of its 3 day bull flag and is now at its trgt,,,may stall or break .91, unsurue,

1228
axp daily trgts next are 4833 and 4885,,
lim sell 4885 in additino to protect stop

1225
took 25% of BAL off here for $1 profit, holding rest,,,its v volatile, still have 85, 87, 92, 100, 115 trgts for swing piece, but BAL still in a heavy correction so i'm scalping until it gets a nice daily candle close over resist, still under R atm

1210
axp continues higher and higher,,
raising stop to 47.97 on half of remaining position,

1204
watcing to see if tza makes a higher low or not on 3min (for scalp),,,if so then tza long may setup,,,unsure, no entry yet, still short 2nd atm,, still no SWING short entries tho on spx or russel or qqq

1201
EUO moving up a bit here on 60min, first green candle in 7 hours

1138
/CT overnite low was 146.50 ,,147.68 so may want to test that lower first

1137
8489 bal cotton trgt, last 8175,,,

1130
cotton,,,BAL again here 82.02ish,, last 8204,,,again this is v volatile and in a downtrend, agressive,,,yest it gave $2 profit, trying again

1118
tza at  mental stop but will hold the short for now, stop near breakeven in case of sudden surge

1112
.........................................................................
CORN position is red but still valid imo,,,may add more later but not yet

1111
axp now at 4798 or 2 cents from trgt, so considering the trgt hit,,,but i'll hold this for higher

1109
3267ish mental stop on tza

1105
3min chart suggests lower tza

1105
tza testing low of day here now,,,trgt is 3230ish approx if .60 breaks lower,, could bounce

1051
taking 25% of shares off tza for 20 cent profit in 10min, holding 75%

1041
shorting 3x tza 32.90 (same as long tna russel)

1011am
axp continues higher today 4781 last from 4670, next trgts are 4800 and 4913,


* 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".

Wednesday thoughts April 27

422
axp trgt from 322pm was 4777, made 4770

421
written in big red letters on whiteboard: VIX over 18,,,could be v bearish for spx,,,level of the Feb correction,,,just a level to watch, needs confirmation

404
crazy 7% swings on silver

403
AH, tempted to re-short slv again but will wait for tomorrow to see what it does

402
exiting slv long from 4427, at 4700 here,,, slv crazy volatile to short and long both, now flat slv

340
.............................................................................
out of TLT ,,,took loss there 9297 sold vs 9325 entry

349
.63 stop on axp on half of remaining half (25%),,,other 25% stop set lower near breakeven to allow chop room coming days

347
tlt stop 9297

346
took half of axp off to lock profit on touch of daily trendlin

342
AXP now at daily resist line but could push higher, .70 last

339
*9288 stop

338
TLT stop 9293, 9305 last

334
AA has also broken over its april 12 hi of 1710, starting to fill the gap

332
4777 next intraday trgt axp, .55 last

331
AXP has done it, the .50 has broken (marginally),,,,,watching to see if sustains now or not

329
stop 1227 on BAC

321
axp approaching the 4750 trgt test,,,still see a break higher on axp for swing long

317
adding tlt 9285 here

245
CORN bounced off daily uptrend line  twice today and has horiz supp below,,,will stay long while horiz supp holds, have 2 levels of supp, trendline and horiz

243
swing,back in CORN long half size pos, 4630, stop 44.33

208
Back in Ford F 15.50

207
on daily, 1356 and 1363 are fib extension spx trgts

137
AXP boll bands 60min chart now very narrow tight

104
lim sell BAC 1259 if filled

102
limit order in place to sell TLT 9447 to catch quick surge if we get one

1256
cotton was v early entry,,but worked nice,,,cotton can have a monster rally after this big huge correction ends,,,it may not have ended yet,,,maybe today was end, too early to know

1251
out of BAL 8490--8497 for a quick $2ish from 83 hour ago,,,still have half of this stuff :)

1243
BAL daily trgt 85 from 83,, swing trgts100ish

1232
filled on 9302 TLT limit order on that spike down, last 9330,,,getting volatile 

1214
EARLY ENTRY, starter postion on cotton here via BAL 83.00,,, wide stop, its v volatile and could go lower first,,,building a swing position but will exit today if it moves higher, then re-entr,, agressive trade, not for the faint of heart

1159
for spx swings

1159
 spx simple view: needs a daily close below its 5 day moving average,,,the highest one (soonest) before short setup,,then may get a short setup,,bullish on spx while above the tight 5MA

1157
idea: also HRB long setup swing forming, no entry yet,,,was prev short HRB,,,, HRB didnt budge on the 3/15 decline and in daily uptrend since march

1135
looking to reenter CORN and BAL cotton, no entries yet,,,BAL is in downtrend and is v volatile, large price moves on BAL so will go with less shares

1134
i will add TLT (double to 100% size) lim 9302, if filled, else run with existing position,,,

1127
TLT is filling its gap lower,,,i'll be patient and keep the half size position,,may add more but not now

1048
still holding axp long from 4700ish for a break over 4750

also in AA long 1700ish, last 1688

1048
in TLT long 93.39, half size position, 9380 first trgt, then possible break higher to new hi

1047am
in BAC 12.30 for 12.60 target today, appears poised to break the 15min dopwntrendline,,,if no break then will likely exit


* 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".

Thu

400
sweet,,,nailed the ford high,,,Ford high of day was 1545,,,one cent over the 1544 trgt revised 3pm

358
out of F,,,got the fill finally

358
partial fill on Ford at 1544,,,trying to get the rest filled :D

353
1544 will selll Ford to lock profit and look to reentr again

240
since april 12, silver 60min has had only 7 red candles

222
on daily spx

222
spx is now in its resistance zone again,,,this is the third trip to this area,,,many traders believe it is dangerous to prematurely short the 3rd visitation, as it often breaks higher,,,just a thought

215
theres the "down" on spx i mentinoed below, followed by bounce

214
may sell half of F today ,,unsure, at lower

214
F now testing high of day 1537,, still have higher trgts, lim sell 1593


203
this pattern in spx,,,3min, may drop a bit to a higher low and then break higher, or may go higher here, over 1333 spx bullish on scalp side imo,,, one 3min dtl has broken higher but often retests to form a second 1 b4 higher,,but not much movement on spx today narrow range

153
good for day only, will sell BAL lim 96.96 for over 5% profit in 4 hours,,,see higher but if it hits that today will exit and try rentry next week,,,likely not get sold today

136
.....................................................................................
LOL now BAL down 2%,,,theres volatility in cotton

116
wow BAL has done a 3min parabolic move,,,up 2% now from entry earlier today,,,holding for higher swing targets,,,sadly not enough shares to scalp on this early entry long

1251
nice move on BAL 3min chart now,,, parablolic breakout 3min

1230
3min BAL is bullish so seeing what it does between now and close,

1227
i was going to wait a 4-24 more trading hours for BAL but decided on a starter entry here

1225
small position starter in BAL cotton, swing,,,its an early entry so small position, 92.20

1216
ung stop hit, took profits on 75%

1210
stop 1148 on ung, tite, last 1152

1205
lim sell half ung 1162 trgt last 1150 over 1144 prev trgt

1202
 F up 1.5% today, CAT up 0.7%,,,spx up 0.45%, UNG up 2.4%

1200
CAT 3min broke higher over horiz resist, should see higher

1150
another commodotiy to consider long is cotton, via BAL etf,,,but its not ready yet imo for entry,,,watching,,,still in major correction down atm

1113
i am EXITING tlt shorts, tbt longs at breakeven here and will look to reenter later,,,other better opps exist imo,, TLT may make a run higher today

1101
slv daily trgt 4508 last 4500,,,will watch if 4508 marks hi for day or not

1059
looking for spot to add more tlt shorts or tbt long, no new entry yet,,,running with existing positino from yest, for swing

1057
ung just hit 1144 trgt,,,1165 next then 1188

1049
F just broke resist .21,,,,last .27

1048
1144   1165  1188 UNG trgts,,,1140 last

1035
UNG on the move toward 1188 trgt, buyable here at 1130,,if the spike to 1140 is not a headfake it shouold accell to next trgt 1188


* 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".

Wednesday thoughts April 20

426
adjusting stop on TLT short (and tbt long) swing piece: buy to cover 94.17 stop mkt, last 92.68

416
i do remember reading something before about inaccurate time sales afterhours,,,maybe in a broker disclosure,,,

415
i'm not sure why afterhours time and sales TS are not always accurate, but they arent,,,,i just sold more tbt and it didnt post on the TS

346
TLT buy to cover short 9220 on half of shares if able

336
sso may go higher but individ stocks performing better imo

336
out sso .58 ,,

333
tite stop now sso .58

330
CAT is far outperforming SSO scalps

325
i will sell sso 5393 lim if able, marginally over todays hi

254
tbt 3min bull W

250
when a stock breaks its daily downtrend after previously being in an uptrend, the move up often sustains for a few/several days later

250
else will take the 4%ish loss

249
for better or worse, i'll hold the newly entered CAT from today long, same stop,, CAT should be able to sustain and poss even benefit from Japan,,, may make a run for 113 and a new high if 104 holds

211
sso need to hurdle over 5365 for upside,,if it gets there should accel up for scalp

208
shorting TLT 9295

143
5349 sso stop .20 could work here

130
intraday only,,,spx 3min testing resistance DTL now,,,watching for hold down or break higher

123
simple view:  daily spx broke over its daily downtrend line,  over 1315 spx bullish, under bearish, and now it can go either way but bias is up until supp breaks, risky either way imo

117
buy the dippers on silver have been more relentless than spx bull dip buyers lol

117
there goes silver down as expected,,,watching now to see if sustains or not,,,will take a few tries on slv

109
semi-agressive trade

108
tbt appears to have based on 60min and i expect a break higher of resist,,,if it doesnt perform then i'll exit and try again later

107
in 3648 TBT scalp swing combo stop 3570 for now

1159
i will UNG lim sell some at  1142 and then try to buy it back lower, if not will run with remaining shares for higher

1154
CAT broke over its 60min downtrendline, so taking a small position there with protective stop

1153
long CAT 108.15 stop 104.70

1128
last ung 1126

1128
lim sell UNG 1178 if able

1125
F broke mini supp,,may head to 1488 next, watching

1121
out of Ford 1503,,,profits taken,,,may reenter later

1503 F stop

1109
Ford F now up 3% from yest vs 1% up for spx,,, F outperforming

1106
I'm signed into my Yahoo Messenger Chat, ID is  christopherstockguy2 not christopherstockguy (forgot password for christopherstockguy on yahoo hehe)

1044
*11.11 stop not 1113

1043
trgt 1180

1042
to protect profits, have a 1113 stop on UNG, can always add more later

1028
1537 lim sell ford F

1003
imo, wait and see at this level, only will hold swing longs from lower levels, will not add here,,,took profits on half of longs,,, BAC position is a mess but still think in coming weeks will test resist,

1001
SLV is so far away from daily moving avg support that a swing correction lower is likely

957
SPY has gapped up, and has not pulled back much at all in the opening 25 minutes,,,this often results in a higher intraday hi, if it can stay over its low of day

948
still holding these: UNG up on marginal break over resist, F ford up 2%ish, CORN up 1%ish, holding all for higher swing targets

946
taking AMD off to lock profits on the gap up, from intc related semi co


* 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".

Tuesday thoughts

304
CORN etf corn could breakoug higher again,, 4875 trgt, bullish dailyl

235
lim sell half of ung 1131, and other half 1179, to take profits,,,last 1114

229
Sparese comments, due to testing new software, some chillaxing time

229
Going long CORN here, 4642, stop 43.60


* 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".

Weekend thoughts

The VIX today made another lower low on the daily.

This past week, I have mentioned several times that the VIX has a tendency to due this as it forms and re-forms in a bull falling wedge pattern. The pattern is bullish for the VIX (bearish for spx) but the pattern also calls for the VIX to move lower (SPX higher) before the pattern completes and finally sends VIX higher and SPX lower.

For now, the VIX remains bearish until the wedge decisively breaks higher.


* 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".

Friday thoughts

359
i should have held the SWN a bit longer,,,it just hit over the .91 trgt,,,3896 last

248
exiting the SWN,,,will maybe re-entrer later,,,other better ops,,taking profit on final piece 3958

236
4047 swn trgt after 3991,,,i will sell more SWN at the higher trgt 4047 if its hit today



138
lowering lim buy cover slv 4040 for now and will likely do manually and change again later

115
4040 is other SLV trgt lower,,,may change the 4078 to lower

113
SLV lim 4078 buy to cover from 4157

110
trying SLV short again, 4157,, last one was a loss

1252
took some profits here swn .50 from .10 this morn,,,still see higher for swings

1245
SPX has broken  over its 60m downtrend R line,,,it may or may not backtest but is bullish ovewr 1313, can alsow breakout above R here 1322

1151
3986 trgt for SWN scalp,,,swing trgt higher, from 3910 entry this morn

1139
i think ung is good for another 10-20% move up

1138
UNG 60min nice bull flag,almost ready to break higher over it,,,needs the DTL break and then the horiz resist break after

1135
SPX 3min has another one of those bull sloppy W formations,,last one broke higher nicely,,,watching reactions here

* 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".

Thursday thoughts

343
yesterday i posted thoughts on BAC reactions to earnings

341pm
i will hold my position in BAC thru earnings,,,risk management is in place via position size (not to big or painful if a loss results) and position diversification (have other positions in aapl   ung  amd  euo   tna  ford).


* 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".

Wednesday thoughts

334
the 60min es still has bull diverg on rsi, tues 10am/wed 1pm and also fri 2pm

331
i still see a bull diverg on 60min spx here,, rsi over 48 would give a bull failure rsi swing on spx 60m

318
spx exactly tagged the 15min mov avg on 3min chart n bounced

316
1311.75 spx,,or breakeven are poss stops

314
1310 spx scalp is at its trgt now,,1317 for guar 7 points, for half with tite stop on other half

311
this 3min candle pattern on spx will usually make a higher hi,,,early for scalp short imo

307
if spx gets to 1319 then it will form another bull W, bigger one, on the 15min chart not the 3min

305
15min spx chart time analysis suggests spx to remain bullish for next 30-60 minutes

304
spx bullish while over its 3min chart's 15per mov avg

257
the wedge would mean higher prices b4 any pullback,,, i still see long swing setups forming here on spx

257
3min spx could form a small bear rise wedge starting from 2:30pm till now plus coming minutes

242
target for W if triggered is 1318/19 spx, right near gap resist

236
12noon-present is where i see the W, spx 3min

232
its a sloppy W if it confirms,,, written by a kindergartener not 3rd grader

229
3min spx has bull W ,,needs to break over  1314.50 to confirm

208
EUO poss break higher here, as EURO now testing its support again here,,,looks vulnerable to break lower, but its supp until broken, esp since its held many tests

204
*es 1308, spx 1312

203
spx buy program alert intraday just went off, 1308 spx

144
spx 3min could start to go higher,,,poss has a higher low now ,,,watching if gets a higher hi

131
under 1316 spx bearish imo...over 1316 could accel higher

129
BAC sometimes has declined b4 earning but then bounce back at least to mid boll band, daily,,,,

121
BAC i may hold thru its earning report 4/15.....will see what chart looks like,,,,but often if a stock is oversold before earnings,,,it will bounce higher after,,,naturally there is always risk of a lower low instead

1258
if spx gets over 1315,,,should accel higher imo, that would break the 15min DTL as well as break over horiz resist

1247
spx may go lower,,,looks like a bear trap setting up to me tho

1244
scalp/swing combo: spx 1310 long here looks good imo

1226
for swing type holds, a long setup on SPY is forming, no entry yet tho

* 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".

Tuesdau thoughts

402
for wick followers, SPY wicks to 132.50 to approx fill the gap up

313
small inv bull HS forming on 60min ES, 1305 to 1314, trgt would be 1323 on a break over 1314

256
bearish shoot star on SPX   ES 60min,,, but those have a tendency to retest higher first

229
1319 spx trgt

210
1314 spx broke higher,,, trgts are in 2 point increments until prior bar low breaks

157
still a lot of work on BAC needed but nice that its green on an spx red day,,bac up 0.4% vs spx down 0.7%

149
spx just hit 1314.50 trgt,,,looks maybe higher

134
BAC made a new daily intraday hi here

1259
slv now testing its 15min dtl resist

1251
spx approaching 1314.50 scalp trgt,,,watching reaction there for stall, or push right thru it

1226
F looks headed to 1540ish first trgt

1154
imo 3772 tbt is a spot to add if it hits there, 3800 last

1145
Ford F up 0.35% vs spx down 0.89%,

1141
1314.50 spx first scalp trgt, watching reaction there,, will likely stall there, a spot to take 3 points profit on half or all depending on reaction

1113
at 1311 spx

1113
spx has a scalp long setup on 3min chart

1032
profit on GAZ a little over 5%

1031
out of GAZ,,,Took profits on GAZ nat gas 8.44--8.48,,, i do not like GAZ because of its low volume,, I'll go back to UNG next time instead

929am
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".

Monday thoughts

401
i think AA will move higher AH

244
silver SLV is now going for the more bearish engulfing pattern, over the dark cloud cover, but need to wait to 4pm for closing candle daily

241
as expected, spx tested near 1328 and pulled back,,,now watching for 3min basing that may give a long signal, none yet imo

231
spx has that 5/15 bull moving avg triangle but of course its a much weaker signal on 3min than 60min

229
euro could crack,,,watching,,,still holding supp atm

226
Bear Dark cloud cover poss on SLV today daily,,depends on close,,as it hits the 40.00 trgt, 3964 last

213
i cancelled the lim buy SPY,,,was never filled

157
tbt may want 3825 b4 higher, or could pivot up from here

156
TBT is approaching buy more zone, no entry yet,,,still have existing tbt swing

144
spx just broke 3min dtl, but 1328 R above it, 1326 last,,, agressive long could work but i'll wait,,,the individ stocks are better at this point imo

129
1328 spx is also resist from prior support turned resist

127
IMHO,,,if the spx 15 and 60min were stronger it would be safe to trade the first breakout,,,but safer to wait for pb since 15 n 60 still setlling basing

110
i will lim buy spy 132.03 long, may not get a fill,,if not will run with AMD scalps which are holding well

106
3min spx may want one more lower intraday low, watching for poss long,,,waiting 15min at least

1252
euro 60min is interesting,,,watching to see if it breaks support or not

1248
if spx 3min and 15min begin to base here, may give a long setup,,,watching for now,,,may require 45minute or more

1234
amd scalp up 0.75%,,, going slowly but acting as expected,,,its at or near its first trgt, i'm holding for the .67 trgt if able,,,swing trgts over .80

1223
3min es bull haramin, 15min bull hammer forming

1216
there's the new daily low on vix i was expecting

1118
es buy alert, scalp, triggered,,watching for follow thru, 1328 es

1111
so bears need a 15m close under 1328 to invalidate the bull swing

1109
spx 15min has rsi failure swing, bullish one

1045
857 and 870 trgts

1044
AMD scalp could work here 846, still long from 835 for now

1043
TBT  next trgt 3996

1015
price should be moving down along with macd in order for macd bear pattern to confirm and break support, has not thus far

1014
daily spx has declining macd hist with sideways price move,,support has held,,,because sideways and over support,,, bear macd not confirmed and is actually a bullish pattern of consolod unless supp breaks,,,when macd ticks back higher on this pattern a new price high often results

1007
15min spx, in uptrend

957
adding F here, 1517,,,buy #2

941
vix acting "normal" today, has gapped down,,,still think a bull falll wedge, when vix breaks to upside a nice swing short spx will present but no entry yet

922
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".

Friday thoughts

339
1370 lim sell bac scalp part

259
AMD is holding up fine during this move down on SPX

255
BAC is just dribbling lower here and i dont want to get stopped out on that action

254
removing BAC stop,,,will do manually,

249
ES now at prior low support on day chart,,,watching to see if holds 1322

241
3min hammer ES,,,bullish if confirmed

238
bac stop .43

235
i wouldnt be surprised to see spx rally up into the close

220
GAZ just broke higher, now over 5% roi, not selling yet

208
nervous would exit bac scalp here at a one cent loss,,,i'll stay for now on both swing and scalp

202
VXX resist is holding for now as expected,,,could still go up a bit more and be under R,,,


146
.44 stop for bac scalp part

137
VXX is approaching both horiz resist and 60min DTL resist here at 2650--2675,, if VXX R holds then spx should go higher,,, if VXX breaks higher then lower spx,,,, bias is for R to hold, spx bounce

*1346 stop

1246
BAC scalp 1353 stop 1347 could work here for a tite stop trade

1236
buy alert intraday scalp just triggered at 80%,,,needs 85% to move, at spx 1333

1209
but its v small

1208
poss bull inv HS forming on spx 3min

1148
also spx 15min confirm of prev candle bull shoot star,,,see if it can sustain higher or not

1147
spx just broke over its 15min downtrend line

1146
90.00 would be scalp trgt tna

1143
TNA 9100 trgt first if able, thats approx its 15min DTL resist as well as appr horiz R

1140
3996 daily trgt for now tbt,,,3950ish 3975ish interim watching

1138
tbt,,,may break hi here

1134
and and macd hist

1132
3min chart tna volume on 2nd low much less than first low for day, and rsi bull diverg

1127
tna 89.22 adding

1037
the vix does have a tendency to form bull fall wedges and then a blast higher in vix (lower spx) later

1036
spx,,personally i think a bull rising wedge will form in spx b4 it falls,,, a smaller wedge not the one etfguy refers to, a new small wedge starting at 3/31

1002
a break over spx 1339 to 1344, 1355 still possible

937
if vix breaks support then that bull falling wedge i talked about yest will form,,,on 60m,,,it often does on vix b4 upside accel

* 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".

Thursday thoughts

400
BAC gave back half its 3min breakout gains, lower,,remain long for now still

357
the 60min vix DOES have bullish divergences,,,but for the vix they are not strong ones

344
BAC, 3min breakout higher

325
15min dtl spx being tested, charts suggest brk higher,,already broke 3min dtl as mentinoed b4

315
lim sell TNA 96.00 target

245
spx just broke over its 3min dtl,,but 15min dtl resist above

242
tricky here,,,tna trade is based on expected break over 3min dtl

239
tna scalp/swing combo,,,will take day profits if it moves

237
taking a half position size here tna, 9068

226
89.30 not 8992

225
i will lim buy TNA 8992, may pay higher later

155
958 interim bgcp trgt, last 945

152
lim sell BGCP 997 from 930 / 919 entries

143
the BAC pattern is very similar to the prior patterns in AMZN, NFLX, TBT which all pivoted to new highs,, of course could always breakdown instead

126
based on large green candle yest, and backtest today, options could work due to green candle which often results in higher hi, esp after the green candle comes from break over horiz resist after 5+ days basing

124
BAC May 21 2011 14.0 Calls could work here, 37/38 cents

108
tbt few cents from testing its high of day,,,see a higher hi after poss stall on test

1254
lim sell amd 873 from today new entry 835 good for today only, last 846 or 1.26% roi atm

1247
the spx DOES HAVE a bear MmM hist pattern on daily but it is NOT confirmed with a close under the lows,,,shows why confirmations needed on candels and macd,,,when supp breaks spx will fall

1233
re-entering TBT here 3847,,,,half size position,,will add if goes lower,, not sure if goes lower but 3min suggests possibly that low is in for day,,,the small downtrendline 3min and 15min was broken higher, and its already in 60min uptrend

1215
BAC yest broke over horiz resist on a nice green daily candle,,,those moves often lead to higher highs,,why i reetnered bac

1205
its not visible on its price chart, but the 60min AMD rsi chart is showing a bull inv HS, one reason why i re-entered for 4th time on AMD,,,tho will exit at resist above as it will likely stall on first R test,,,still on daily downtrend

1137
amd long 835

1121
1527 lim i'll add Ford F if filled

1100
1427 lim sell BAC to take profits if hit, from 1325 (25% shares) and 1470 (75% shares)

1045
daily support on es spx is still unbroken,,,watching to see if gets a clean break lower  2+ points

1041
added 2nd piece BAC 1369,, with 1367 last

1026
yes,,,TBT should pullback today i think tho,,is diff than spx,,,tbt usually will pb after big day green candle,,,then make new highs

1025
i think,,, we may not get any more pb on spx es today,,,may have made its low of day already,, of course we dont know but charts suggest such imo

1023
charts suggest SPX may break the rectangle 60m daily higher today

1016
back in BAC 1379 long here,,may go lower but re-buying

1010
lim buy long BAC 1368 if able, 1380 last

955
 still bullish on SPX ,, still over its trendline and support,,, looks like intraday it should pb then make a higher hi ,,,maybe 1015 AM will present long opp,,still no swing short setup

* 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".

Wednesday thoughts April 6

406
exited AMD 8.43 from 8.22 to lock profits,,,amd tricky in middle here

401
TBT made .39,,,missed the revised daily target of .41 by 2 cents ({) tho i was forced to exit .31

359
silver SLV,,,posss bear eve star setting up here,,,3 day pattern this is day 2,, i remain short SLV

356
OUT of TBT for now,,,3831,,,will look to reenter later,,,taking profits

354
OUT of the BAC here 1375,,t,aking profits from 1326 entry

351
out of JJC,,,,,exited JJC copper with small profit,,,will consider reentry later

340
revised trgt tbt .41 vs .47 today,,,watching for either

338
873 lim sell amd if filled from 822 entry yest

328
*8.43 not 8.27,,,bad data,, at 5% profit

326
gaz hit next scalp trgt, 3.2% roi, from todays entry,,,swing trgts higher over 900, last 827 from 802 entry

324
daily spx dojis could be either bearish or bullish, for swing, same as yest,,,a break higher or lower will tell us in coming hours days

302
13.90 lim sell bac

300
BAC just made new high of day,,,spx may follow

251
.65 trgt next but trying for .47 sale,,below the trgt since has a big green daily candle already

251
tbt did NOT pullback from .21 trgt,,,at least not yet,,shows strength for now,,, a 20-30 cent drop would be normal still bullish with such drop

245
GAZ just hit 2nd scalp trgt,,,2% since entry few hours ago today

235
because it in the last 90 min of trading,,the upper target is achievable due to increased volume

235
TBT reaction here at .21 is impt,,watching,,,stall and pullbakc would be normal,,, a break higher "should" filll the limit profit order above

227
 F outperforming the 2x sso

281
sso, 5398 took half off, profits locked

208
F long Ford just triggered, long 15.72

206
AMD 15min,,,same pattern as sso 3min

203
spx  SSO 3min has a bullish dbl bottom, cup/handle

157
see the DIG chart???thats what spx "might" do, break to new high then pb,,of course dig is oil related hence its break higher,but similar charts,,,tho i see higher DIG coming after this pullbak

155
TBT trgt .21 nearly hit, close nough at .14 hit....i still have lim sell 3848 if it can overshoot the .21 today,,,and will try to re-enter after .48 sale if able

149
ABOVE the market i will go long F ford 15.72, last 1569,,,or will try 1531 lim buy ,,,whichever comes first,,,, Ford was my friend "racer"'s idea,,,thanks racer

135
tbt making new daily highs :)

119
818 next trgt

118
GAZ is at first scalp trgt 1.3% profit one hour after entry here at ,,,swing trg much higher

115
15min spx is now testing its 15min candle resist highs,,,if breaks should pop another 2 points after such brk

108
as long as spx over 1328,,,i believe it can rally by 4pm today

102
sso at 1332 spx

100
in SSO here, 5382

1254
may reenter short later at higher price, but HRB is in danger of a bounce here after 3 hours of red candles and at yest low supp

1253
,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,
i just took a LOSS on the HRB,,,exited here, 2% loss :(

1247
daily JJC copper at 5805 is v close to its 5835 downtrend R line,,,i expect this to break higher in the same fashion as TBT did from its 60m

1243
GAZ may want lower to  790, even 775 first b4 higher, unsure, but taking pos 1 at supp here

1241
new position: added GAZ here to trade nat gas,,,instead of UNG (friend told me of GAZ vs UNG so will try GAZ),, re-entry for prior UNG that took profits on b4

1237
,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,
HRB is down 1.65% today,,,tho my short position is still in red cuz entered lower,,,still holding HRB for lower

1236
TBT and copper JJC both testing their daily highs,,expecting higher highs on both, and that AMD will retest its high of day

1234
i thought BAC would break over 1360 yest,,,it didnt but it has done so today, next trgts are 1375, 1388, up 2.75% atm

1046
AMD also breaking higher nicely up 3% from yest re-entry after having take profit on one position, loss on second,,,3rd entry now

1045
if 38.03 tbt breaks it could quickly see 3848,,tho stall here expected

1044
tbt just hit 3788 trgt exactly,,,still holding for higher

1038
similar to what AMZN and NFLX longs did this week and last week

1036
3788--3800 interim tbt trgt, last 3772,, could stall around there,,,watching reaction
tbt up nicely this AM,, this type of move will often sustain up for a few days with some pullbacks in between

1026
if tbt hits 38.48 today then i'll sell it to take profit and then re-enter,,,see higher than 3850 but also likely stall there and chance to buy back lower after sale,,,good for today only

1024
spx now DOES have that bear mMm macd hist pattern i was talking about 2 days ago BUT it is NOT yet confirmed,,,needss a daily close below 1328.75 to confirm it,,, prefer lower confirming close,, not valid until confirmed,, mMm pattern can continue sideways or up unless confirmed

1017
still watching xlf,,,,its been lagging the spx as of late, BUT the daily and 60min suggest higher xlf to new daily highs,,,same with BAC which is up .75% today,, if xlf goes up then spx likely will too

958
tbt has broken over its daily downtrend resist line as expected,,,still hollding long tbt

956
to me, shorting slv chart v diff than shorting spx here,,,of course they r diff asset classes but also v diff charts,,, silver been in uptrend much longer and has bear diverg forming

952
SPX   ES looks set to make a higher daily hi today than last 3 days

951
the daily candles are only bearish if we close below their lows, we havent,,,still valid that 1344 spx comes b4 the 1300

907
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".

Tues thoughts

404
BAC is making new highs aftewrhours here

343
poss 15min spx bull hammer into close

333
if spx closes near the lows again today instead of near highs it may be a sign that uptrend daily is getting weaker, but still no swing short setup,, spx now has 3 shooting star/doji/narrow range daily candles that can be either a rest before higher or exhaustion b4 lower,,,watching for break of support lower or resist higher

320
spx 3min now off sell, bounce up intraday expected,,1333 last spx

222
stop 7.71 for now on AMD

221
amd  this is early entry so only 25% size,,,may buy 4 times

221
reentering AMD long again here 8.22 (exited 8.50 last hite)

122
BAC is stuck here at 13.44,,,i remain swing  long from 13.25 for now

120
VIX will usually base with smaller daily candles for 5-10 days b4 breakout higher,,the vix may give clues for swing short entries spx,,,but no vix or spx charts suggest swing shorts to me yet

119
60min slv does have a bear diverg BUT it is not strong so maybe wants higher b4 lower

117
slv has both a 60min wedge inside a daily wedge, bear rising

116
the SLV has been in daily uptrend much longer than spx,,trading the daily wedge for swing, multi day week swing short

1119
JJC has succesfully broken over its 60m downtrendline as expected

1056
spx... we may see 1344 b4 1300 i still believe. simple view: watching daily uptrend supp line in spx,,, and the daily low of last 3 days supp,,,over 1318ish spx i'm bullish,,,

1045
jjc=copper

1045
JJC is now testing its 60m downtrend R line,,,expected to break it higher after poss stall here, may pullback or sideways first, watching reaction

956
euo long still valid (eqiuv of short euro 2x) still valid,,, JJC copper long still valid,,just some trading ideas fwiw,,,i have positions in all of them

954
SLV at shortable prices but need to manage silver carefully as its in uptrend,,,may need to take profits and reenter on stall on move lower

954
BGCP long still buyable swing imo, 933 last,,, BAC long still buyable swing 1340ish

952
tbt is at about 40 cent scalp profit level here,,,swing targets higher,

* 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".

Monday thoughts

408
AMD: made profit about 30 cents on shares bought today, and a loss on shares bought b4 today, for a small net profit

408
AMD: made only 9 cents but happy to be out for now,,,first entry too high

406
those Afterhour AMD sales 8.50 are real,,,i'm out of AMD for now and will look to reenter,,not sure what caused a huge spike AH on AMD,,,, 8.10 close to 8.50

331
excluding wicks,,,spx just broke the 15min dtl resist line,,,including wick its still under it,,,its above the 60min uptrend supp line,,,coil

328
data suggests many shorted 3/28 red candle daily fwiw

327
many didnt think spx would make it this high,,,is good to look both sides,,,also there are some trapped shorts from 1320,,,they may cushion any fall,,,a hard sell needs to slice thru that

314
silver SLV is a metal, diff asset class than spx,,,but spx may just go higher to a slightly higher hi b4 going down,,just like SLV did in March to present

303
among other things, TBT has confirmed bull pPp 60min for swing long,,, 3709 last

249
added second entry in SLV short here 3757

220
for swings, spx has a 3x bear diverg on price:rsi, price:macd, but its not a strong diverg ,,,not class A, also the diverg is on a range of only 18 points, not much given the rise from 1284/1250,,,no swing sell yet imo on spx

212
BGCP has a tendency to make sudden rapid moves intraday

211
adding BGCP long 9.41,,,higher then my first long entry but thinking it will go higher, above 9.6 / 10.05,, last 9.41

207
exiting these shorts because looks like bounce up poss even on the weaker stocks

206
out of HOT,,,,took profit on HOT short, will look for reentry later, 57.38

201
exiting short RCL 4070 here to take profits and may reenter lagter

158
exiting HOLX short breakeven here 21.86 vs 21.89 short entry,,may look to re=enter 3rd time

120
JJC,,, i think copper is making a higher low on 60m and will move sideways up,,,broke over 60min dtl, now backtesting, then up

1214
tbt scalp  could also work here

1213
adding 2nd buy in TBT long swing here 3689

usually i dont add "this close" to first entry of 3727 but think it will higher from here,

1201
if spx gets to 1335.25 spx, it  will likely cause it to go over 1338,, last 1333.25

1127
EUO moving up some here,euro down

1112
adding AMD here, 8.18 long

1057
15min spx from friday 9am is in a coil sym triangle,,watching to see which way it breaks

1055
if the bears can crack the uptrend line then macd will prob tick lower on daily

1052
spx inv hs,,,if slanted neck, the target would be,,, umm 1344 lol,,,straight neck trgt would be 1348ish

1042
poss 15min es bull inv HS forming, incomplete atm

1039
SPX may do what SLV did in march, just up,,until the daily uptrend line is broken lower spx is bullish

1033
some analysts are looking for 40 slv,,,i'm thinking it might pullback from 38.00/38.50ish

1031
slv is almost at its daily uptrend resist line,,,a short there could work when it hits it,,,it will prob setup a macd line (and hist) 60m bear diverg,,,

1024
example: look at TBT daily,,,it has a mMm now,,, if today it closes below 3/31 low that would be a confirmed pattern (tho in this case i'll prob ignore and hold the tbt long due to other tech readings, but thats an exampl of pattern)

1019
if todays hist is lower than yesterdays, and yesterdays hist is higher than its previous day (it is), and if tomorrows hist is lower again, and then in some following day it closes below the price low, thats alex elders mMm pattern,,,will try better explanation later or u can google alex elders mMm pattern or MmM its inverse

using 12,26,9 daily hist

1013
BAC charts suggest that BAC will break over 1360 today

1009
watch for an spx daily bear mMm on the macd histogram with a close below the m low,,right now macd hist continues bullish tho in danger of getting its first downtick,,watch the daily close,, unless that hist ticks down, spx is going lower

1006
BAC up 1.4% vs spx up 0.1%, tho xlf and spx are about the same

959
Most Shorts are lower, while most longs are higher, atm,,,

952
FINALLY the BGCP has broken over 9.50 after holding this thing for at least 5 days long,, 959 last with next trgt 10007 then 1115

021am
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".

Friday thoughts

405
imo, we should not assume that spx will go sideways several days to form a right shoulder daily like it did on the left shoulder,,,,the left shoulder was a topping pattern which takes longer, spx now in uptrend till uptrend daily line broken, and it spent 3 days on the right shoulder, that may be it for awhile,, could continue higher,,,all depends on support holding or not

321
xlf may be lagging but its in a daily and 60m uptrend still,,,if it starts participating then higher spx

318
the steep daily spx uptrend support line has not been violated,,,bears need to break that else more upside

314
stop was hit on nflx,,,stopped out with 2.5% profits

256
,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,
stopped out sso, loss on scalp

246
.83 not hit but close,,giving a little room

245
stop .72 for now sso

239
nflx bullish intraday over its 24300 breakout pt, 244.03

237
but could happn anytime, today?,,,on break of 9.52

236
still waiting for bgcp to break to 980, last 943,,,may take few more days

135
alt stop: lower stop and sell on bounce for profit loss if supp violated,,,i'll just leave .83 for now

131
sso scalp here 5396 stop .83 could work,,i'll try it

123
but near here, from 3727, 3738 last

123
TBT is still buyable here swing imo,, half size position,, i'm not adding since i'm already in half at a lower level

1245
Raising stop on NFLX to 241.43 to protect profits if stopped out

1208
TBT has run into its daily DTL resist line and is stalling, normal,,,charts suggest it will break higher over the trendline after poss pullback or sideways

1125
also 3min AMD has a bull diverg, so could be close do daily low, or maybe 1 more lower low daily

1123
adding AMD swing long here 8.47

AMD is underperforming today but theres a 15min bull diverg within a 60min chart that has broken over its downtrend line a few days ago

1114
cancelling CBG as its acting diff now, may want 2920, will wait to short

1101
raising add cbg to 2840 from 2820 lim if filled,,,and may enter lower later

1044
1782 "should cap" hrb for a pullback lower, last 1763

1041
i will lim re-short CBG 28.20 if filled

1023
adding HRB shorts here, entry #2, 1750

1009
BAC is now testing resist, with break higher expected to 13.69, 1387, 1425 if each breaks higher

948
NFLX 246.88 will sell to take profits, if it hits that today, if not may raise trgt later next week

930
newly entered NFLX gapped up nicely,,,up 2.75% roi atm

929
60min spx has a bear diverg (double) but its not a class A diverg, not that strong,,,i think a triple bear diverg is needed, may take 4-24 trading hours to develop, before any meaningful selloff

926
 simple view: daily and  60min spx uptrendline remains in tact and unbroken, bullish until such breaks

* 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".