Tuesday, April 12, 2011

Tuesdau thoughts

402
for wick followers, SPY wicks to 132.50 to approx fill the gap up

313
small inv bull HS forming on 60min ES, 1305 to 1314, trgt would be 1323 on a break over 1314

256
bearish shoot star on SPX   ES 60min,,, but those have a tendency to retest higher first

229
1319 spx trgt

210
1314 spx broke higher,,, trgts are in 2 point increments until prior bar low breaks

157
still a lot of work on BAC needed but nice that its green on an spx red day,,bac up 0.4% vs spx down 0.7%

149
spx just hit 1314.50 trgt,,,looks maybe higher

134
BAC made a new daily intraday hi here

1259
slv now testing its 15min dtl resist

1251
spx approaching 1314.50 scalp trgt,,,watching reaction there for stall, or push right thru it

1226
F looks headed to 1540ish first trgt

1154
imo 3772 tbt is a spot to add if it hits there, 3800 last

1145
Ford F up 0.35% vs spx down 0.89%,

1141
1314.50 spx first scalp trgt, watching reaction there,, will likely stall there, a spot to take 3 points profit on half or all depending on reaction

1113
at 1311 spx

1113
spx has a scalp long setup on 3min chart

1032
profit on GAZ a little over 5%

1031
out of GAZ,,,Took profits on GAZ nat gas 8.44--8.48,,, i do not like GAZ because of its low volume,, I'll go back to UNG next time instead

929am
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".

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