Friday thoughts

343
interesting that XOM is not near its lows of day, near its highs

250
150.23 GLD scalping into close,, may not move a lot so using a lot of shares,,,more leverage is available on futures or 2x etfs

244
stop GLD 149.96

239
ES 15min volume bars are very low here,,,still could rally higher later

236
lim sell gld 151.00 if able

202
ES spiked down under 1305 as expected,,now the ques is can it rally back up intraday

152
my timing analysis for new swing shorts has changed,,,now my charts suggest need to wait 6-8 trading days more,,,for multiday/weeks short positions

144
but im' not adding,,,will run with existing position from 1296 ES this AM

143
long 1305 es could work here if filled, 1306 last

136
if es hits 1307 then 1305 would be buyable imo

126
might get a long scalp signal in 6-9 minutes,unsure, tho i wont take it since already long, SPX SPY ES

110
1311/1310 ES will likely stall there too, dont see a blast thru that,, 1310/11 may give same kind of 3min chart reaction we are getting now

108
in this case, the "failure" in the term refers to failure to go lower, not higher (bullish),,,confusing term

107
it's not visible on SPY charts, but the 15 and 60m ES charts are near to getting bullish RSI failure swings,,,it would be better if they were also on SPY,, the SPY will generally lag since ES trades all night but SPY more accurate when it triggers

1259
that ES stoch is rite near the 60ish area,,so watcihng if pops up or back down to 20

1255
grr hit .42 not .47,,missed lim fill by few cents,,so now i'm raising it to .57 instead

1237
spy may bust thru to new intraday hi, in 8minutes

1232
watching 1303 ES mini supp on 3min

1222
looking good atm to hit the lim order,,will see

1211
watching ES 14,3,3 stoch to stay over 60ish

1211
SPY is struggling a bit here at yesterdays low (resist) but is "holding on" pushing,,,watching reactions for poss early exit on SPY nearr here and reentry

1201
i will sell 75% of  SPY lim 131.47 if filled,,, and look to reenter later,,trgt 131.60 and pullback lower


1151
SPY now close to breaking the 3min DTL line on its backtest,,watching, at ES 1304

1137
Cotton BAL is now at 60min support but unsure if it will hold,,,so waiting to see if it can base here for a few hours or not,, agressive might re-enter long here but i'll wait for now

1132
If Spy gets a 15min close over 131.60,,it may trend up rest of day afterwards

1128
i still see higher BAL cotton and will look for an entry point to buy back shares sold at 9150ish

1127
WOW theres the move down on cotton BAL, now at 8993 from 9300ish,,,now i'm glad i exited a "little early" at 91.50 for 7.5% profit,,, these commodoties can make v rapid moves

1114
ES / SPYhas pulled back intraday here, but the ES 15min down vol bars have less vol than the green up bars, will keep holding SPY longs for now

1113
SPY daily MACD hist is forming a bull inv HS pattern below the 0 line,, a bit unusual as usually when it nears 0 it will cross to a lower green tower, then back lower, but the head and right shoulder of the hist formation has a bull diverg: higher macd hist with lower spy price

1100
notice yesterdays action: down hard at the open,,,this is due to "margin calls forced selling",,, today we gapped down, but no "forced selling",,,rather a creep higher,,, it suggests that all the margin calls have been satisfied, and MM are buying,,,retail will follow buying later near the highs LOL

1056
15min spy RSI(14) needs a close over 56,,if so spy should do well upside,,,will take time

1046
132.08 SPY trgt,,,will lim sell there if able

913
still have GLD also, sold cotton a bit early at 7.5% profit on fear of gap down today,,,instead its higher,,,will try to buy BAL again on pullbakc

903
Added SPY long at 130.17, buy #3 of poss 4 buys,,, 131.59 avg cost

* 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".