Tuesday thoughts

346
gold GLD up 0.6% today vs volatile SLV silver up 4.2%

332
stop on remaining spy .04, over .92 cost, into close

323
new intraday high in silver slv as approaches trgt 1 of 2

321
2nd try here on es 3min for 1318 break,,,watching

314
132.05 SPY mental stop on scalp

311
es could go eitehr way pretty fast here,,,,break of 1318 could triigger stops higher,,or can reverse hard lower

310
es now at 1318 impt es pivot,,,,prior shoot star hi  60min

303
taking half of SPY off here 132.27 from 131.92, holding rest

256
slv can still get its 3597 daily trgt #1 today, last 3538

213
if spy stalls around .40ish then will take profits there,,but lim order set higher in case it runs right thru .40 (not likely)

158
but resist at 132.42 lower trgt

157
lim spy sell 132.60 if able

129
SLV has broken higher on 3min,,,watcing if followthru or not

128
GLD GOLD 150.20 trgt, slv 3600/3780

124
both gold and silver have poss 60min bull flags, watching to see if they reverse higher

115
trying long spy 131.93 tho its a bit early

105
my software just triggered a buy alert fwiw, es spx, 80%,, 1316 spx

1205
there are 2x and 3x GOLD etfs avail,,,electing to use GLD because of higher volume/better fills

1200
148.56 long GLD gold

1141
if short, then 1319.25 spx stop makes sense here (i'm not sure,,,just a pivot)

1135
the 3min spx downtrend line resist has held. now watching to see if lower lo, higher low, or break higher over trendline

1045
i think long scalp could work here spx 1319 but i'm not taking it, other better opps

1040
followed by huge move back down in corn, volatile here

1033
749 to 753 corn jumped,  gap higher 3min unless chart data bad, in any case still surged up in 1 minute timeframe, 755 last

1031
unusuall intraday gap like this

1000
XOM is testing daily resistance horiz now,,,watching reactions here

957
SLV up 3.5% from yest, cottton 2% up,,,corn down 0-.5%.,,watching to make sure corn holds supp near here

954
FFIV 104 long for scalp and swing combo, 10368 last

941
SLV targets 3620 and 3780,, lim order set for 3780 if it hits there today, 3525 last

* 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".