Thursday thoughts

403
INTC has a bull key reversal day candle, tho its not a great one,,,would have been better if intc low was 2090 and hi was 2190,,,it engulfed yest candel daily but the daily 4 day range is wider

401
CAT closed up 0.39% from yest close after a 3.5% intraday move,,,INTC closed up 1.47% cs yest close

326
FDX trading over yesterdays high atm

318
CAT blew thru the 9987 trgt,,, still have 103,,,107,,,111 trgts

315
INTC has done nothing for 10 years,,,,if it gets moving it could see 30 as its a heavily shorted stock,,,nothing to suggest that atm,,,just a thought

313
not sure if it can do it,,but a daily close over 2175/ pref 2200/2210 intc would be v significant

312
INTC has tested and marginally broken yesterdays high

308
a few days ago we talked about how turbulence often accompanies a macd hist daily cross from <0 to over 0,,,this action today is typical of that as it crossed yest/day b4 on SPY

300
WOW huge green candles ES   CAT  UNP 3min charts

206
LOL the CAT daily chart is now a mess,,,with a bad data print to $9,877.00,,crazy data,,dont know if i ever saw a 10,000 dollar misprint before

203
cat chopping around now in 9860--9920 area,,,waiting for settlement b4 any more scalps there

201
exiting scalp CAT 9900,,,will keep swing piece,,and buy back later,,from 9730 entry this morn

119
raising stop on CAT to 9857,,,if stopped will take profit and look to reenter again lower..... last .81

103
**1.52%,,,typo

101
taking another piece of CAT off here makes sense, 2.52% profit, to hold the rest for higher

1251
*9875

1251
CAT making new daily highs,,watching reation at 9900 if gets there,,,interim trgt,,,9975 last

1239
15min ES stoch is getting flat,,,usually not always it will resume its prior direction b4 the flatness,,,in this case up

1216
: for scalp part of scalp/swing combo,,i chose CAT because it made a nice early morn high then pulled backk,,,so traded the retest of high (which its done),,,,,now watching to see if it can break it higher or not,,,,also, intraday CAT is outperforming DOW heavily,,,, DIA went up 0.44% since cat entry,,,vs CAT up since entry 1.33%

1208
 5 days or so ago,,,i mentinoed that SPY macd hist was near to cross above 0,,,and that this is often volatile but eventually higher,,,,  we are seeing that now as it crossed over yest

1206
CAT may stall here at its high of day test,,,watching reactions for stall or breakthru higher

1204
but diversified,,,also using UNP  FDX for transports instead of IYT

1203
CAT market maker reports suggesting institutinos like this stock for multimonth holds

1154
but that timing analysis is just another tool like rsi stoch etc,,,can't trade on it alone

1153
yesterday i posted to expect a low today at 11am,,,thus far low of day was at 10:51 am bar on ES 3min chart

1138
makes sense to take profits on part of CAT here,,,1.1% roi from this morn,,then try re-enter lower if able else run with rest of positino higher

1137
3min chart hit .45 not .47 ,,,chart suggests maybe pb on cat b4 over .47,,,considering .47 trgt hit here ,,,, .40 last

1121
trying for 9987 today if able,,,else may need to sell scalp part lower

1119
CAT scalp/swing trgts:  98.47,,99.87,,103, 107, 111,,last 97.75 from 97.30 entry this morn

1058
ES is at the beggininng of the 11am--1pm timing bottom from yest,,,watching reactions here as it enters the beginning of the stage

1049
on daily charts,,,if ES breaks 1250 then it will start to form a megaphone volatile bottom mentinoed yesterday,,and could be in for a very volatile wild summer,,,not saying it will break,,,just something to watch

1029
CAT 9730

951am
looks like we got that down hard,,tho harder than i expected,,,,may enter partial long early,,,still looking at 11am--1pm for poss bott short term for 2 hour--3 day swing

* 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".