Wednesday thoughts

414
also poss swing re-entry into UNP transports,,,much stronger chart

412
if 85.00 FDX holds,,,may present a long swing opp to hold awhile

408
tho IYT transport,,,maybe capitulated today,,,,lowest stoch reading in over a year, in past has bounced at 5-10 on daily 14,3,3 stoch,,,,stoch now at 1.82

406
look at IYT vs spy today,,not good

405
keeping the xom long,,,if it can  move sideways mayb can rally, and also the more volatile CLR in oil gas opperations,,along with cotton BAL

358
aapl,,,out 332.48 vs 332.07ish,,,no profit

353
end of day rally on aapl, too little too late,,,still think aapl can rally but can get a better entry tomorrow or another day

352
lim sell aapl 334, if not filled will still prob exit at the close, for a little over breakeven,,,not liking the chart

334
long setup from 2pm confirmed now but so close to end of day

322
1278 last es

322
the trading idea es nq long scalp from 200pm is now starting to "finish forming",,,tho not done,,,and now is too close to end of day imo to take it,,,not worth holding overnight to me just yet

319
raising aapl stop to 330.40 from 323.80,, if 330.40 broken i think lower

312
poss qqq rally into close but not trading it

252
if aapl doesnt close over 334.75/336 today, might make sense to exit and try re-entry

249
 i'll wait for swing long spx another day,,,maybe do qqq qld typ or iwm tza instead,,,,i think ES will stall and pullback if it gets 1296ishg

244
/CT cotton dropped to 145 at 2:15pm but quickly recovered nicely to 147 ($2) into the 230pm  close timeframe  ,,, so managed a close over 146

233
interesting: the BAL and AAPL 60min charts look similar,,,tho their daily is much diff

231
QQQ now breaking horizon resist on 3min,,,

226
aapl was pulled down with SPX   QQQ but is emerging from its 3min ahead of spx,,,atm,,,, nq looks easier long than es

213
heres the move back down, but 3min chart needs a few more candles to confirm long entry for prev mentinoed idea

203
near the 1281.50/1282,,, still watching if moves lower for poss long scalp

145
es over 1282, then back down, could give a scalp long setup depending on chart if it happns

139
ES 3min chart suggests long scalp might present but may take 15-60 minutes to form

136
for swing, a close over 146 would be good for /CT,,looks like its pushed its way back above 146 as it nears the crucial 2pm time period

117
daily bull falling wedge now spx can keep falling before rally up comes

117
swing short may present 1300ish

116
for swings long ES spx ,,, idea: wait for  ES to break over 1299, then buy the higher low,,, or poss buy at lower levels if goes for march lows,,, on the sidelines in spx swing for now

107
es testing the resistance zone 60min charts again here,,,

1246
until es 1286/87 breaks higher, bears controlling,,,tho the next try on 1287 may break higher,,watching,,,but has held on 2 tests on 60min chart,, often breaks on 3rd try,

1229
look at that daily volatility candles on TLT treasuries

1217
a close over 146 would be good for /CT

1215
Cotton shot from 145 to 148 in 10 minutes

1214
will watch how /CT acts at 2pm-ish

1213
Cotton /CT futures their volatility, 144 to 150 daily range thus far today,,still think its due for a decent bounce swings

1109
335.70 would be scalp trgt aapl, swing trgts higher,,,,335.19 algo resist too b4 the trgt

1020
xom maybe buyable on pullback in 60min

1019
XOM has broken the daily high from yest and day b4 and day b4

1011
8347 BAL trgt for half, last 8158

1002
swing long aapl could work , stop 324.80,,,,imo aapl is at the line in sand here,,,either holds,,,bases in this area to pivot higher,,,or poss freefall if supp breaks

1000
for swings,,, cotton /CT futures or BAL, looks ready to bounce again, multihour/days hold

958
since yest i am out of spx spy swing for now,,prob wont re-enter until a long opp  presents for a bounce,,,then later i still want to short XLF financials, or skf faz

955
Added BAL cotton long here, buy #2 of 2,,,, avg cost 83.38

* 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".