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".