Wednesday thoughts April 6

406
exited AMD 8.43 from 8.22 to lock profits,,,amd tricky in middle here

401
TBT made .39,,,missed the revised daily target of .41 by 2 cents ({) tho i was forced to exit .31

359
silver SLV,,,posss bear eve star setting up here,,,3 day pattern this is day 2,, i remain short SLV

356
OUT of TBT for now,,,3831,,,will look to reenter later,,,taking profits

354
OUT of the BAC here 1375,,t,aking profits from 1326 entry

351
out of JJC,,,,,exited JJC copper with small profit,,,will consider reentry later

340
revised trgt tbt .41 vs .47 today,,,watching for either

338
873 lim sell amd if filled from 822 entry yest

328
*8.43 not 8.27,,,bad data,, at 5% profit

326
gaz hit next scalp trgt, 3.2% roi, from todays entry,,,swing trgts higher over 900, last 827 from 802 entry

324
daily spx dojis could be either bearish or bullish, for swing, same as yest,,,a break higher or lower will tell us in coming hours days

302
13.90 lim sell bac

300
BAC just made new high of day,,,spx may follow

251
.65 trgt next but trying for .47 sale,,below the trgt since has a big green daily candle already

251
tbt did NOT pullback from .21 trgt,,,at least not yet,,shows strength for now,,, a 20-30 cent drop would be normal still bullish with such drop

245
GAZ just hit 2nd scalp trgt,,,2% since entry few hours ago today

235
because it in the last 90 min of trading,,the upper target is achievable due to increased volume

235
TBT reaction here at .21 is impt,,watching,,,stall and pullbakc would be normal,,, a break higher "should" filll the limit profit order above

227
 F outperforming the 2x sso

281
sso, 5398 took half off, profits locked

208
F long Ford just triggered, long 15.72

206
AMD 15min,,,same pattern as sso 3min

203
spx  SSO 3min has a bullish dbl bottom, cup/handle

157
see the DIG chart???thats what spx "might" do, break to new high then pb,,of course dig is oil related hence its break higher,but similar charts,,,tho i see higher DIG coming after this pullbak

155
TBT trgt .21 nearly hit, close nough at .14 hit....i still have lim sell 3848 if it can overshoot the .21 today,,,and will try to re-enter after .48 sale if able

149
ABOVE the market i will go long F ford 15.72, last 1569,,,or will try 1531 lim buy ,,,whichever comes first,,,, Ford was my friend "racer"'s idea,,,thanks racer

135
tbt making new daily highs :)

119
818 next trgt

118
GAZ is at first scalp trgt 1.3% profit one hour after entry here at ,,,swing trg much higher

115
15min spx is now testing its 15min candle resist highs,,,if breaks should pop another 2 points after such brk

108
as long as spx over 1328,,,i believe it can rally by 4pm today

102
sso at 1332 spx

100
in SSO here, 5382

1254
may reenter short later at higher price, but HRB is in danger of a bounce here after 3 hours of red candles and at yest low supp

1253
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i just took a LOSS on the HRB,,,exited here, 2% loss :(

1247
daily JJC copper at 5805 is v close to its 5835 downtrend R line,,,i expect this to break higher in the same fashion as TBT did from its 60m

1243
GAZ may want lower to  790, even 775 first b4 higher, unsure, but taking pos 1 at supp here

1241
new position: added GAZ here to trade nat gas,,,instead of UNG (friend told me of GAZ vs UNG so will try GAZ),, re-entry for prior UNG that took profits on b4

1237
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HRB is down 1.65% today,,,tho my short position is still in red cuz entered lower,,,still holding HRB for lower

1236
TBT and copper JJC both testing their daily highs,,expecting higher highs on both, and that AMD will retest its high of day

1234
i thought BAC would break over 1360 yest,,,it didnt but it has done so today, next trgts are 1375, 1388, up 2.75% atm

1046
AMD also breaking higher nicely up 3% from yest re-entry after having take profit on one position, loss on second,,,3rd entry now

1045
if 38.03 tbt breaks it could quickly see 3848,,tho stall here expected

1044
tbt just hit 3788 trgt exactly,,,still holding for higher

1038
similar to what AMZN and NFLX longs did this week and last week

1036
3788--3800 interim tbt trgt, last 3772,, could stall around there,,,watching reaction
tbt up nicely this AM,, this type of move will often sustain up for a few days with some pullbacks in between

1026
if tbt hits 38.48 today then i'll sell it to take profit and then re-enter,,,see higher than 3850 but also likely stall there and chance to buy back lower after sale,,,good for today only

1024
spx now DOES have that bear mMm macd hist pattern i was talking about 2 days ago BUT it is NOT yet confirmed,,,needss a daily close below 1328.75 to confirm it,,, prefer lower confirming close,, not valid until confirmed,, mMm pattern can continue sideways or up unless confirmed

1017
still watching xlf,,,,its been lagging the spx as of late, BUT the daily and 60min suggest higher xlf to new daily highs,,,same with BAC which is up .75% today,, if xlf goes up then spx likely will too

958
tbt has broken over its daily downtrend resist line as expected,,,still hollding long tbt

956
to me, shorting slv chart v diff than shorting spx here,,,of course they r diff asset classes but also v diff charts,,, silver been in uptrend much longer and has bear diverg forming

952
SPX   ES looks set to make a higher daily hi today than last 3 days

951
the daily candles are only bearish if we close below their lows, we havent,,,still valid that 1344 spx comes b4 the 1300

907
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".