Thursday thoughts

412
KO could move higher to a new high daily,,,small position taken in KO coca cola (re-entry)

356
this area on spx,,,is like standing at service line on tennis court instead of baseline,,,,swings almost no mans land,,longs setup came lower,,,shorts need higher,,,to me,,,,other opps can be found in stocks or commodities vs the indice etfs like spy qqq dia tza

320
1352 is es trgt on 3min close over 1346.50

316
my software threw a buy signal 80% on ES 3min,, 1344.50 ES

315
this is second try at SLV to break the 60min DTL resist,,,often needs 3 so possibly a bull wedge as price goes lower,,then could break on next move up,,but so far,,,the second lower low was marginal,,,why thinking mayb wedge

312
also...slv 60min: may break the DTL,,,or looks to at least be forming a bull falling wedge atm, for multi day swings

308
1340/1346 supp resist,,, break of either ES likely to continue in direction of break up or down

307
15min ES has a bull flag atm,,,needs to break the flag resis line,, forming a bull harami 15min atm,,,1340/1346 supp resist

255
taking half of PFE off here 20.90,,keeping other half

235
ffiv at 106 trgt here but trying to hold for 109 if able, comoing days

215
if PFE doesnt hit 2114 today,,,i  might raise the sell lim to 21.40 on that half instead,,,on another day it can move above its prior daily hi,,,for half pfe

207
PFE hit the 2096 trgt but still trying for the 21.14 instead via lim order

205
FFIV   PFE   F  all approaching first targets ,,,not hit yet

155
SLV 3469 from 3197 low, for a crazy 8.47% daily range,,,SLV still needs to break over its 60min dowtrendline and then expecting test of higher trgts

145
adding second piece of CORN here 42.51

128
nearer term,,,from 10:58AM:::: imo for multihour holds,,,if ES gets a 60min close over 1342 then it is likely to continue higher for another 4 hours after that candle close,,,,,ES got the candle close,,,often this is a "buy the dip" setup for multihour holds

126
my charts show higher SPX,,,,,,, BUT the bulls really need a higher hi over 1375 spx, ELSE this daily action could be bearish institutional distribution,,, but for now no sell signal yet

116
half off here 1346 for 6 points ES (via spy),,,took early,,,been wild rdie

111
still have the PFE lim  order to sell half at 2114

101
ES trying to break higher here for second trgtr

1234
3min ES mini bull flag has broken its resist line,,,watching to see if makes new daily hi or not

1205
lim order to sell half SPY 135.40 if able

1152
watching reaction to this test here: pb??? marginal 2 point break? or a 5+point 5min candle green?,,,it "could" surge on a break of resist,,if it can break it

1143
but 3min and 15min 60m suggesting break higher over it

1142
ES now testing wedn 15:00 hi on 60min chart

1124
if ES 3min stoch dips under 80 but stays over 60, it may do another one of those "higher hi" b4 3min chart pb,,,,15min chart supports this 3 min pattern but 60 min neutral

1106
i still think individ stocks perform better than SPY,,,F   PFE  FFIV  transports all doing better than spy position

1058
imo for multihour holds,,,if ES gets a 60min close over 1342 then it is likely to continue higher for another 4 hours after that candle close, huge dojis indecision now on 60min es, a 15min candle close under 1323 would be bearish for move continue to 1300,, in the meantime can scalp long support and short resist and hold longer if begins to break in direction of scalp

1021
Ford continues to do "ok" holding on as it did yest despite spx turmoil,,,F up 1% now

1016
cotton BAL is down this AM but continues to base,,,still see a bounce in BAL cotton and possiblly a powerful rally in coming days weeks, 20% higher

1015
ford F continues to do well in this SPX selloff early this morn,,,F has held green thus far

1014
Silver SLV continues its v volatile movements, but bull divergences continue to form on the 60min. i remain long in SLV with the starter position but am not adding more here. may add later

* 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".