Tuesday thoughts

358
theres also a morn star candle pattern,,,that one needs confirmation tho, not confirmed,, a gap up tomorrow over todays high, or a close tomorrow over todays high, would be the confirmatino generally, on daily, for swing long

355
using macd hist bull PpP daily method says go long here (confirmed signal),,,spx has closed over yest hi,,,but i'll wait for poss pb ,,,since the macd method is only one of many tools

352
for swings, CLOSING here,,,imo partial profit taking on half of longs makes sense,,,may pb tomorrow, or go over resist, either is valid reaction,, i'll watch with half size positinos and maybe reenter tomorrow

347
stopped out of TBT, 3% profit roi from entry yest,, still want to re-enter again

315
out of MCD swing for now, will look to poss reenter tomorrowa

309
8165 mcd stop .61 scalp into close could work,low risk

302
LOL MCD hit .62,,,didnt trigger the .61 stop,,missed by a penny (.69 last) tho could easily revist and sweep the stop lower

255
now if selloff,,,profits guar with profit stop order mcd tbt,,,keeping the non-particapatory stuck in the mud CSCO stops looser

254
MCD stop raised to .61 to guar profits in case of selloff

251
.71 stop on TBT

243
if tbt doesnt stall at 3400 (prob will),,then could be fireworks higher

242
3392---3420 tbt trigger alert trgt 1

241
intraday TLT sell alert,,,tbt buy alert, just triggered, 33.73 tbt

228
over 1280 es bullish tho thats 5 points lower from here

227
TBT intraday, 3min chart,,,3rd drive to high for poss 3min breakout higher (lower on TLT)

223
1280 ES is wedge support intraday, ES

216
stop on half of MCD, 81.43

201
lim sell MCD half 8241 if able, else will sell lower,,8175 last,,, 8241 is 18 cents over stretch trgt 8223

158
will take profit on half of MCD long swing today,and hold other half for higher trgts,,,,no exit yet

144
there goes jpm,,,dropped to 4187 from 4210/4240,,,

142
1297 spx on 60min is v tricky,,,it could also be viewed as 3rd drive to a high, which often breaks higher and doesn't look back for 2-3 days,,,,just alt scen

140
3400 tbt v impt resist #,,,needs to break over it else risk pb,,,watching reaction if it can get to 3400,, last 3370,, conversely if it does break resist could breakout,,,,tho atm expecting a stall

128
swing, added csco here 1505,, its been a laggard tho

123
out at 4204,,,jpm,,,still see higher but not worth it here,,, too susceptible to quick down move only to be followed by reversal up

120
will prob exit JPM in next 3-15 min and look for re-entry,,,still holding the other longs mcd etc

117
XLF is not near its daily hi as es spx are,,,if the financials move up toward their highs, may give a  lil pop on spx es to new highs daily

115
these intraday wedges are painful for shorts cuz theres no pb for them to get out,,but who knows what happens in next 3 hours,,,could easily plunge as it has b4 but charts bullish to me unless wedge supp breaks

111
IF spx closes near its highs today, this could trigger a small 4-6 point pop higher in the morn, margin calls shorts

1259
"something" up or down, may be happening here

1256
Thus far,,,spx es has formed that wedge that i mentioed as poss alt bull scenario at 10am-ish this morn

1254
MCD trying to make new highs of day, has now caught up to spx almost

1247
CLR up 3.5% from yest,,but under its high of day,,,still see test of high,or higher

1240
42.40 lim sell jpm if able for 1% scalp

1226
stop 33.43 tbt for now intraday to protect 2.5% profit,,,if stopped will look to reenter long later

1151
fas / xlf / jpm dont have ideal "options calls" setup imo, yet,, underlying only

1149
may need to exit jpm scalp trgt 4240 and re-enter,,,depending on reactions,,,not a typical swing but an actively managed scalp/swing combo

1145
42.97 first trgt jpm,,,will see reaction if can get there

1137
long JPM 41.89 scalp swing combo, more leverage can be done with similar FAS

1120
 the volatile CLR volatile alt to xom is up 3.6% today

1116
looking for poss long entry in JPM but not ready yet,,,still want to short financials but much later

1037
tbt trgt 3390 then 3470

1035
csco remains dull

1034
MCD now catching up top spx,,now up 1% MCD

1030
since both the financials and also the small caps are heavily shorted atm,,,that could cause a short squeeze faster than normal

1028
watch for poss alt bull scen: failure to form right shoulder just go higher in a wedge

1021
MCD has broken higher out of its 60min/daily bull coil and sustained thus far 30 cents over the break

1017
SPY gapped up, with no signif pullback in the first 30min of trading,,,often means buy dips, higher hi intraday

1016
es spx gap theory suggests intraday buy dips

1010
today "might" give an indication of whether TLT put in a short term top or not

1008
watching treas bonds carefuly here, TLT

953
csco 1517 last vs 1532 entry swing,,,still holding,,,csco remains an excercize in patience,,,,have not added to position on csco

951
MCD only up 0.5% vs ES up 1.1% ,,, MCD now at daily coil resist tho,if breaks should pop higher nicely to 82 and 83 trgts,,, 8115 last

947
TBT is right at its daily downtrend resist line,,,,so if doesnt push thru here, could drop to 3275,watching

946
TBT lim sell trgt 34.70 from yest entry 32.72 up 2.2% atm (TBT is 2x short of TLT)

943
MCD trgt still lim sell at 82.92, last 8109 from 8050 and 8110 entries

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