Friday thoughts

326
we still have 35 min b4 close so vol could change, but are sellers getting tired/fewer?  Less volume on today's selloff, Candle from 2 days ago on ES has higher volume ,,, spy shows similar, with a higher low

238
MCD 8260 last....approaching 8297 trgt, up 1% today

221
82% buy alert es

220
es 3min made marginal break higher on horiz resist

218
poss TBT breakout higher coming here (lower TLT),,tho i have no positions there

142
1267/68 remains impt ES pivot to watch,,,move back above it, with a 15min candle close over it, would negate prior quick spike under it

129
upro 6995,,,sso 4900

127
early entry 1264 es long could work, must be willing to endure poss lower low first

124
step 1 on patterns says 1263 ES may be low of day since 9:30 AM now,, but is NOT confirmed,,,pattern needs confirm

116
CORN was up this morn but has turned back down as expected,,,but still no long setup swing imo,,waiting,,prob till next week

112
ES is forming a possible pattern that will suggest the low of day is in, but not baked yet,,,another 15-60minutes needed,,watching to see if pattern confirms,,,not suggesting low is in yet,,,pattern still in dev

1147
interim trgt 13.06 on ATML, last 12.84 from 12.68 entry this morn,,,will sell 1306 if able and then try to buy back, may change later depending on charts intraday

1045
15min bar clkosed just over the 1268, right at trgt for now,,,watching still awhile, for multihour timeframe imo is bullish while closing over it, sugg poss basing after the gap,, 3min suggests could go lower in meantime


1014
*13.33

1013
13.37 ATML first trgt, 5.3% roi if hit

1008
ATML is more volatile alt for INTC, semicond

1007
12.68 ATML long

951
watching if ES 15min candle closes stay over 1268ish ES, a bit higher from the prior 1265ish ES last 2 days

945
CORN long may present an opp swing but waiting for entry,,,watching to see what it does here,,,will usually take one more trip down first, w this pattern

934
took profits in AET 43.75,,,will look to reenter.  took profits in AIG 28.4,, will look to reenter later,,, holding csco longer

929
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".