Friday, May 20, 2011

Friday thoughts

334
HOT swing short is v tricky right here,,,will keep holding but able to endure a move higher b4 lower, could break either ways next week,, will keep starter positon without adding extra

245
my software algo just triggered an ES buy alert 1338,,, at 82%

211
/CT  BAL  cotton now finding buyers LOL, back up again as it approaches 215pm,, CT 152-155 range,,,watching if breaks 155 or not

208
on a 3min candle closing basis, with 2 candles needed to confirm break of pivot either way

207
1334 ES intraday pivot into the close: over bullish, under bearish,,,1338 lsat

159
cotton now back down

144
ES 15min already broke over its 15min Downtrend resist

142
134.52,,,spy finally hit the .50 trgt from 11am,,,still could see higher imo

140
spy spx : 15min chart still bullish,,,and 60min bounced on a simple touch of stoch at 20,,,didnt even base on 60m

138
BUT,,if that DTL on spx happens to break,,,spx could pop another 4 points quickly
 (4 points higher if resist broken)

117
CORN position is up 5% roi here, but i'm adding more longs on corn, not taking profit, for expected breakout daily corn in coming days

113
ford F 15.13 scalp trgt

107
Cotton is moving to new daily highs as the 2:15pm time approaches, /CT and BAL

1246
think spy goes for 134.50 (gap fill, yest close),,that is also the same # as the 15min DTL

1237
no short setup imo at the stall here,,, short setup may come after a decline and then a bounce

1236
dueling 15min and 60min charrts sugg SPY SPX may pb here, but dip buyable as it bases on 15 and 60min

1232
the ES green bar here is larger than the red ones,, 15min

1225
 grrr missed my SPY lim buy by pennies,,, and then popped higher,,,cancelling the order now

1135
BAL 1.3% scalp profit poss here from 8360 entry this morn, holding swing part, also watching to see if 15min DTL breaks, at resist test now,, 8490 last, up 1.30

1122
lim buy spy 133.60 if filled, last .77

1111
if SLV would move lower again on 60min it might present an "add more longs",,,but not giving a chance to add lower atm,, didnt get smaller candles basing but rahter larger bull reversal candles, for now

1105
too early to tell, but poss the smaller 15min candles now starting in SPY, and spy 15min macd hist beginning to tick higher (re: 1041 post)

1054
long F ford scalp 1500 stop 1494 could work

1041
ES has high vol intraday 15min red bear bars, after the 15min candles get smaller and stop making new lows, a long entry may present, with poss retest of daily high or higher, but imo need the smaller 15min candles stabilization first

1030
HOT over 5850 on 60min is tech stilll bullish imo,,,but i remain short,,,shorting the resist # and high rsi, lower hi, declining macd hist, all on 60m,, if 5850 breaks lower should see more downside accel

1023
IF SLV can put in some smaller 60min candles ,,,may add to SLV long swing,,, else will just run with existing position,, SLV is at point where can go lower or higher from here, unsure,,, but still see higher silver in coming days weeks

1012
BAL = cotton etf long

1012
bought back BAL 83.35 that was sold at 88.7,,,may go lower to 8150 before higher but added here

935
FFIV still in bull flag formation 60m,,,may break higher today or monday, 109 last from 107.30 reentry (after 102)

* 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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