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,


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