Tuesday, April 5, 2011

Tues thoughts

404
BAC is making new highs aftewrhours here

343
poss 15min spx bull hammer into close

333
if spx closes near the lows again today instead of near highs it may be a sign that uptrend daily is getting weaker, but still no swing short setup,, spx now has 3 shooting star/doji/narrow range daily candles that can be either a rest before higher or exhaustion b4 lower,,,watching for break of support lower or resist higher

320
spx 3min now off sell, bounce up intraday expected,,1333 last spx

222
stop 7.71 for now on AMD

221
amd  this is early entry so only 25% size,,,may buy 4 times

221
reentering AMD long again here 8.22 (exited 8.50 last hite)

122
BAC is stuck here at 13.44,,,i remain swing  long from 13.25 for now

120
VIX will usually base with smaller daily candles for 5-10 days b4 breakout higher,,the vix may give clues for swing short entries spx,,,but no vix or spx charts suggest swing shorts to me yet

119
60min slv does have a bear diverg BUT it is not strong so maybe wants higher b4 lower

117
slv has both a 60min wedge inside a daily wedge, bear rising

116
the SLV has been in daily uptrend much longer than spx,,trading the daily wedge for swing, multi day week swing short

1119
JJC has succesfully broken over its 60m downtrendline as expected

1056
spx... we may see 1344 b4 1300 i still believe. simple view: watching daily uptrend supp line in spx,,, and the daily low of last 3 days supp,,,over 1318ish spx i'm bullish,,,

1045
jjc=copper

1045
JJC is now testing its 60m downtrend R line,,,expected to break it higher after poss stall here, may pullback or sideways first, watching reaction

956
euo long still valid (eqiuv of short euro 2x) still valid,,, JJC copper long still valid,,just some trading ideas fwiw,,,i have positions in all of them

954
SLV at shortable prices but need to manage silver carefully as its in uptrend,,,may need to take profits and reenter on stall on move lower

954
BGCP long still buyable swing imo, 933 last,,, BAC long still buyable swing 1340ish

952
tbt is at about 40 cent scalp profit level here,,,swing targets higher,

* 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".

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