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".