Wednesday, June 1, 2011

Wednesday thoughts

309
1333 first es trgt

301
IWM russel:=.............14,3,3 day stoch has dbl bot with a higher hi, the %k still above %d to move lil lower for kiss n bounce

227
adding long here at es 1321, buy #2, spy 132.63

112
daily 14,3,3 spy stochK has not even tested touched the stochD line ,,,still bullish,,,test touch is ok,, 54 last day stoch

103
will be hard to get over es 1335 today,,,but if the 60min bases, could see higher highs thurs fri

1226
maybe add in 2-3 hours

1226
instead of adding more spy here,,,i will not add but allow a wider stop since less shares

1219
es 15min vol bull diverg: less vol on this bar,, will take time to stabilize

1159
mayb spy closes 134ish,,,will see

1157
time analysis suggests bigger move up will come tomorrow or fri on spy,,,,60min needs to base for hours down here,, it could always make a blast higher but prob not today

1141
its working so far,,,spy 60min stoch now at 32,,,and spy holding in this area,, now the bulls need to prevent a spy plunge when stoch gets under 20, which can happn sometimes,

1134
higher gold = higher euro = lowre usd = good for spx,,

1123
LOL typo,,, ES 1330

1121
 long SPY at ES 1300,,,i may add more later, and hold time is hours

1111
i am buying spy lim 133.26 if filled,, more leverage can be obtained using sso or upro or ES futures

1109
GLD is moving higher, these days that's good for spx (at one time was bad LOL)

1103
if SPY can base in this area sideways for a few hours, then the SPY 60,min stoc under 20 likely will land with price near 133.50--134.00 which would be bullish for swings

1102
3min downtrend line NOT broken higher yet,,,needs to break on 3min higher then pb, b4 any long entry setup imo

1101
15min bull hammer spy,,,needs confirmation tho,,, 60min support held,,,may see sideways for a bit here

1054
3min spy bull diverg forming, weak one, macd hist,,,for sideways or small bounce ...last 133.30

1050
spy 15min forming bear falling wedge,,,could move lower but should bounce later

1047
cotton BAL just jumped another 1% intraday

1043
GLD 3min breakout,,,seeing if it sustains, same order on GLD for now: stop 146.83/sell lim 153.47

1037
in coming hour(s) SPY may hit 134.20, stall, and pullback to a higher low over .65,, if so then that higher low may present a long opp

1016
SPX down today,,,yesterday i posted to expect whipsaw,,,this almost always happens when the daily MACD hist is trying to get over 0 on spy

1011
multihour hold not minutes on 1324 es

1010
agressive scalp long setup here on spx es 1324,, idea only i'll just watch

1005
possible long entry spx ES may be setting up, for multihour/days hold,,,but needs at least another 30min to form, if not more,,,conversely a short setup may present ,,,so on sidelines now,,,bias is for long setup

947
dow compon XOM is testing v impt resist area on daily,,,may go sideways awhile, or harsh rejection lower, watching reaction

939
GLD is flat for now

938
BAL cotton has gapped up again this morn over 2%, roi at 5.5% now but still holding the swing,,, cotton often gaps up or down so stops need to wide enough

933
Still have lim order to short TLT 98.94 if it hits there in coming hours days, last 9691 on way to break 9700 higher first

* 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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