Friday thoughts

351
TLT is almost ready to swing short (or tbt long)

339
notice also the last 3 volume bars,,,3min chart of es

338
ES hit the bottom of its flag as expected and pivoted up,,now near top of flag (intraday),,,, watching to see if breaks higher,,,3min warns higher poss

334
INTC may form a swing long setup,,,no entry yet for me but been watching since its breakout

323
XLF financials continue to form a swing short setup,,,but doesnt look ready yet imo,,, may take another 2-5 days to figure out direction

301
bounce poss here intraday, note the volume bars on ES 15min,,, a large move down but up vol is higher

204
if spx wasnt so close to resist,,buying the flag breakout higher instead could work,,,but its tricky doing that at a dbl resist level for scalp

203
poss mini 15min bull flag,,,3min move down would go to lower end of flag, with poss break out of the flag

202
15min spx suggests a long scalp spx may present on pb on 3min chart,,,but maybe crumbs

1257
KO 6723 initial trgt b4 6747

1253
scalping KO long here 66.82 with 6747 trgt

1233
3min boll band range approx 2 pts,,,for trgt 1336.50 if 1334 breaks,,,close to the 1337 trgt from yest

1220
ES hourly volume bars are lower today

1213
still bullish imo intraday while over 1328

1212
a 15min close on spx under 1328 could present a poss short scalp intraday on spx or es, after bounce in the 3min

1159
FFIV has done it,,, tested its prior 111.63 high from april 21, with 111.82 last on a marginal break over it,,from 102.50 only 4 days ago,,watching reaction here on lack of a stall

1154
qqq may follow the russel

1154
IWM russel on daily has already broken over its daily DTL,,,and is now testing 60min horiz resist,,,there are several horiz resist trgts higher to test, if this one breaks,, 

1124
SPX is now doing a perfect touch test of its Daily DTL here 1334,,,watching reaction

1105
filled on the .82 spy,,,may reenter later

1104
lowering to .82 lim

1100
larger scalp positions, would take some profit here on spy

1058
there goes spy up nicely,,,notice it came right after the 3min candle close over .53 :) ,,, it can still back test down on the 3min to a higher low would be ok

1052
FFIV is on a mission to test its prior "gap up hi" from apr 21,,,, up to 110.81 atm

1048
spy hit the .53,,,now seeing if 3min candle can CLOSE over it

1038
SPY: 3min needs close over 133.53,,then likely test high of day, and hit marginal higher scalp trgt 1

1034
SPX held first intraday supp test,,now watcing for test of resist, and break to marginal new intraday high

1028
back in cotton long again, via BAL

1023
time analysis on 60min chart: suggests upward bias next 4 hours as long as 60min closing candle over 1322ish, imo,,,i'm sure there are differing opinions

1016
changed:  selling spy 133.88 to start,, for scalp piece

1014
will sell spy at 1337 spx if able

1013
n SPY long 133.21,,,,spy scalp but may hold overnite,,starter position only, early entry

958
tho this "bull flag" is a bitt too deep,

958
bulls still need to break spx 1337, and close over it, else daily chart still has downtrend,, tho the "downtrend" could be a bull flag

950
1337 just so happens to be near a prior 60m hi as well as the point of daily downtrend R line,,,but the daily spx hi 1342 and 1346 are above,,,

948
the "reaction" at 1337 spx if it gets there is impt:  sideways? or quick pullback lower?,,, sideways could be dangerous for shorts

946
there was not much volatil in first 15min today,,,suggests higher

945
a close under 1322 on 60min would poss present a short opp, on the bounce to a lower hi after

944
same as yest,,spx supp still 1320,,imo 60min chart spx bullish unless it gets a 60,min candle close under 1322

937
raising PFE lim sell from 21.09 to 21.23,,,, the .09 was not filled yest, last 21.00

936
might short 1337 if gets therea

935
still have 1337 trgt spx, sames as last 2 days,,,after going over 1328 trgt

914am
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".