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".