Wednesday thoughts April 27

422
axp trgt from 322pm was 4777, made 4770

421
written in big red letters on whiteboard: VIX over 18,,,could be v bearish for spx,,,level of the Feb correction,,,just a level to watch, needs confirmation

404
crazy 7% swings on silver

403
AH, tempted to re-short slv again but will wait for tomorrow to see what it does

402
exiting slv long from 4427, at 4700 here,,, slv crazy volatile to short and long both, now flat slv

340
.............................................................................
out of TLT ,,,took loss there 9297 sold vs 9325 entry

349
.63 stop on axp on half of remaining half (25%),,,other 25% stop set lower near breakeven to allow chop room coming days

347
tlt stop 9297

346
took half of axp off to lock profit on touch of daily trendlin

342
AXP now at daily resist line but could push higher, .70 last

339
*9288 stop

338
TLT stop 9293, 9305 last

334
AA has also broken over its april 12 hi of 1710, starting to fill the gap

332
4777 next intraday trgt axp, .55 last

331
AXP has done it, the .50 has broken (marginally),,,,,watching to see if sustains now or not

329
stop 1227 on BAC

321
axp approaching the 4750 trgt test,,,still see a break higher on axp for swing long

317
adding tlt 9285 here

245
CORN bounced off daily uptrend line  twice today and has horiz supp below,,,will stay long while horiz supp holds, have 2 levels of supp, trendline and horiz

243
swing,back in CORN long half size pos, 4630, stop 44.33

208
Back in Ford F 15.50

207
on daily, 1356 and 1363 are fib extension spx trgts

137
AXP boll bands 60min chart now very narrow tight

104
lim sell BAC 1259 if filled

102
limit order in place to sell TLT 9447 to catch quick surge if we get one

1256
cotton was v early entry,,but worked nice,,,cotton can have a monster rally after this big huge correction ends,,,it may not have ended yet,,,maybe today was end, too early to know

1251
out of BAL 8490--8497 for a quick $2ish from 83 hour ago,,,still have half of this stuff :)

1243
BAL daily trgt 85 from 83,, swing trgts100ish

1232
filled on 9302 TLT limit order on that spike down, last 9330,,,getting volatile 

1214
EARLY ENTRY, starter postion on cotton here via BAL 83.00,,, wide stop, its v volatile and could go lower first,,,building a swing position but will exit today if it moves higher, then re-entr,, agressive trade, not for the faint of heart

1159
for spx swings

1159
 spx simple view: needs a daily close below its 5 day moving average,,,the highest one (soonest) before short setup,,then may get a short setup,,bullish on spx while above the tight 5MA

1157
idea: also HRB long setup swing forming, no entry yet,,,was prev short HRB,,,, HRB didnt budge on the 3/15 decline and in daily uptrend since march

1135
looking to reenter CORN and BAL cotton, no entries yet,,,BAL is in downtrend and is v volatile, large price moves on BAL so will go with less shares

1134
i will add TLT (double to 100% size) lim 9302, if filled, else run with existing position,,,

1127
TLT is filling its gap lower,,,i'll be patient and keep the half size position,,may add more but not now

1048
still holding axp long from 4700ish for a break over 4750

also in AA long 1700ish, last 1688

1048
in TLT long 93.39, half size position, 9380 first trgt, then possible break higher to new hi

1047am
in BAC 12.30 for 12.60 target today, appears poised to break the 15min dopwntrendline,,,if no break then will likely exit


* 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".