Wednesday, May 11, 2011

Wednesday thoughts

406

for wick followers, SPY wick Afterhours to 136ish



339

BAL has not moved down after 230pm,,,often it will move down after 230 due to CT trading pause hours



312

Going LONG in silver 3939 here,,,small position starter as its volatile, may add more later



258

BEARS for swings need to break 1330 spx, else it remains in a daily coil now for last 8 days,,, i remain bullish spx while over 1330



130

there is a possible bull W forming on SPY SPX 60min,,,idea only, still forming, on leg 3 of 4 on the W now



1243

daily spx still shows upchannel feom march 7 with 2 higher lows so far, and 1 higher hi



1220

adding piece #2 at 1337, spy 134.18



1157

the SPY lim buy order just got filled,



1121

F trgt daily 1560 area



1121

F should outperform SPY:  F up 0.75% today vs spy down .35%



1115

Ford F is also scalpable today,,it caught a bid this AM despite the ES decline,,notice the green 60min bar in F



1109

cotton CT is setting up a nice bull reversal pattern here,,,following expected roadmap, on 15 and 60m charts



1108

trying for a "stop run" on a marginal lower lo



1107

lim buy spy 134.91 if filled, 135.25 last



1104

 notice the 15min DTL test right here,,,will usually stall (sometimes overshoot) then correct lower one last time



1102

next 3min move down on ES should setup a buy scalp,,,could take 3-60 min



1043

FFIV hit 106 trgt and pb to 105 last,,,,may re-enter again



1017

cotton now at "buy back what was sold yest" here at /CT 149.60, etf is BAL



* 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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