Monday thoughts

433
SPY broke the daily downtrend slanted resist line, backtested it, and closed right at horiz resist (above the lower broken dtl resist),, that often leads to a break higher in the horiz resist,,,

428
spx 1359 and 1370 are the prior "signif" highs


427
many mini resistances on SPX now tho, from 1348 up to 1370,,,a reversal lower could happen at any one of them,,,me thinks nimble cautous

407
rare bull SPX marubozu candle, no upper or lower wicks, open=low, close = high (SPX not SPY)

359
if CORN can settle down tomorrow with some non volatile 60min candles, smaller ones,,,it may be a re-buy long,,,still seee higher cotton BAL

344
 trying GLD gold long swing here 149.56, stop 146.83,,silver SLV will prob give a bigger percent move than GLD,,,but the gold chart is easier to read, more reliable, imo

331
if SPX cannot move much higher 3-4 days after the bull cross higher, a nice short swing opp may present, esp in financials,,but all conjecture atm,, for now SPY spx is bullish to me

330
the SPY daily macd hist is almost ready to cross above zero,,,often there is intraday whipsaw when this happens (coming days not today if it crosses), tho it is a bullish signal it needs confirmation after whipsaws,, could test lower

324
for now i have a lim order to short TLT 98.94 ,,last 9671,,not expecting fill today of course

312
TLT is still in that daily bear wedge,,,waiting to short it,,,often will break violently higher first, looks like it wants to break 9700,,,long tbt 2x=short tlt 1x

300
still looking for poss swing short financials around xlf 16.00ish area,,,been watching for a week, may still need 3-4 more days for setup,, will see what chart looks like then, via XLF short 1x or 2x skf, 3x faz long

246
i'd like to see what SPX looks like the next time 60min stoch visits < 20 on 14,3,3,,,,, will it be over 1324? if so that would prob be a "buy dip" in comoing hours days if gets there

229
stopped out of KO,,,taking scalp loss here, no more lowering stop,,,

222
IMO,,,,multi-month holds, the action from Jan 1, 2011, suggests bearish distribution,,,but on daily could whipsaw all around higher lower

208
watching cotton into the 200-230 time BAL, drifting higher atm tho slowly, BAL up 4% todaythus far,,, but holding for the triple top break / cup handl, higher (not today), swing

the move down has slowed, which is why giving a little more room for now

.66 stop,,prob last time i will lowr it

.67 stp

154
stop .68 a lil lower

151
addint ko here to scalp at 66.76 stop .71,,,if .71 breaks will reenter later and take loss here

 134
MarketMaker reports now changed, they r raising the bid but keeping the ask unchanged,,,which suggests they are trying to accumulate: keeping the ask down until they r done buying,,not sure if that matches MELS data


130
my autotrader has a spy long lim order 133.97 if filled, no fill yet

127
dueling 15 and 60m charts on spy spx,,, bull 15min vs bearish/neutral 60min,,, next consolod should give alignment of 15 and 60, where a bigger move higher can happn,,, but takes time to bake

126
ES 15min vol bars,,,they suggest that a pb will come to add lowr even if resist breaks higher

123
usually the first try on a 60min bull flag breakout fails,,,watching reaction here on ES spx

117
no guar but that would be bullish MM behaviour, if accurate

117
the ask is being raised higher than the bid, with the bids near support and asks above the resist not at it

117
MarketMaker reports say intraday they are now raising both their bids and asks,,,atm on individ signif stocks,, just a thought fwiw

114
alternatively,,,a spy break over 134..35 on 60min chart, would give momo trade using bull flag breakout method

102
3min SPY has an rsi bull diverg but a weak one
,,,dbl botton on rsi vs lowr price low,,,next 3min stoch under 20, may set the low of day (or higher low)

1255
intraday scalp, if SPY can get 134.25,,,then a pullbak may be buyable on 3min chart

1230
so SPY has a gap and fill lower vs the more bullish gap n go.,,,watching reactions at the supports and resistances now

1238
for swing, thus far SPY and SPX is bullish and "buy dips":  notice that the daily DTL was broken higher, then prior horiz resist tested and held, now backtesting the prior resist turned support,,,if the supports hold in coming hours days then higher SPX expected.

1216
ES at impt intraday juncture here,,,testing the 3min downtrendline, a break over it suggests test high of day or higher,,,but resist has held thus far so test of daily low or lower also poss,,,watching reactinos here,,, if the  reaction is "break higher" then the low of day may be in,,, a lower low would still prob give a bounce

1120
back in KO scalp 6689 stop 6671,,buying back shares sold this AM at 67.09

1112
still holding BAL cotton longer, now up 3% roi, swing,,,same higher trgt as b4

1008
out of HOT,,,taking a LOSS on HOT, exiting the short here 6074

950
Closed PFE 10 cents under target at 21.13, close enough so taking profits now,, i expect over 2130 later but poss pb first

935
still have lim order to sell PFE to take profits, not filled yet,

932
lim orders filled on CAT and KO,, both hit their targets their targets this morn, took profits in CAT, and in 75% of KO

852am
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".