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".