Tues thoughts

405
will try to buy back gold later,,, small profit but want to lock something in case of overnight currency games

404
upon looking at /GC and GLD,,,i took of half of gold longs,,, GC may want to visit 1500 or lower,,, 1515 last,, will try to buy back gold later

348
depends on xom close at 4pm,,,and coming 8 hrs

347
the two 60min candles xom,,,may have marked a 5-10 day top,,,unconfirmed but a hammer and shoot star at the "top" is bearish

344
gold is up about 2% today but will hold longer,,,still hasnt hit swing trgts higher,,, hopefully the gap up on GLD today is not a one day wonder

342
i think 1329 es will break lower, tomorrow

340
spx looks to have 4 more hours of consolod to me (spx 930--400pm not es 24hr),,could see a move down tomorrow after 12noon

337
the volume on es 3min chart upmove is less than downside vol, bearish,,that 15min red candle still bearish imo

318
xlf chart loooks susceptible to bounce tho its weaker today,,intraday in no mans land xlf 1550 between 1525/1570 supp resist so could go either way

306
what a diff between cvx chvron and xom exxon,,,cvx is acting properly, up (with oil) almost 1% vs xom down 0.5%,,when oil and spx correct,,,should be good for xom

301
es hit 1333 bounce trgt,,,holding as resist so far,,,watching reaction at 1333 for under 1329

232
may cover XOM 8070/8080 then look to reshort, last 8132

229
es bounce to 1333 then break under 1329 is one roadmap

226
1328/29 ES "should" hold on first test,,,but still on sidelines on spx,, if it breaks instead of hold, another 4-5 points fast down could come

212
i think the ES goes lower in coming hours, seduces some early shorts, then pops higher to trap them,,,and trap new longs at the same time,,,then a bounce to a swing shortable high for 20-30 points or more,,1300--1310ish ES trgt (not all today of course)

207
nasty 15min es candle here,,,will also likely short bounce if given opp

204
and theres the nice mini break lower on xom,,,charts sugg stay short at least another 30min

201
OIL and DOW are near resist now, with no up move in 15min XOM,,,may be good for xom shorts, xom down 0.51% vs spx up 0.1%

157
tho individ stocks still seem to outperform spx qqq both upside and downside

156
qqq nearing resistance,,,may short spx there for shortterm swing

135
another 5 points up on nasdaq, may present a nice scalp on spx ES,,using the stronger ndx resist for entry short on the weaker spx

131
7955 XOM swing short trgt if able to cover down there, last 8170,,,may need to cover higher and re-enter, unsure,,hodling for now

125
GLD is testing resistance here, a break over 147.50 suggests targets of 146.80,,148.74,,,149.73

123
SPX   ES appear to be forming a short scalp setup,,,not confirmed yet

118
XOM still has 2 more hours in its "short swing any rally, or hold swing shorts from 8180--8200ish"

115
time analysis,,,OIL is nearing the end of its "bullish 4 hour timeframe",,,watching reactions up here to see if more sideways, up or down,,,may need pb in oil

1053
bias down intraday atm,,,imo,,agressive shorts could work but i'm on the sidelines

1051
seems like spx stuck in no mans land here for scalps,,,waiting for a move higher to short,,,or lower to go long, scalp,,, may not get a scalp setup all day today

1024
timing analysis suggests short bias in XOM for next 4 hours,,,sideways or lower,,,if lower will observe reactions to see if it bases or not,,, xom may go higher in next 4 hours,,, may not breakdown right away,,,but imo thats a shortable bounce

1020
referring to 60min and daily charts for spx,,,not 3min charts

1019
the first pullback in spx, for swings,,,will likely be buyable, then reverse to short the bounce for larger down later

1011
right now,,,xom and spx are both flat vs fridays close,,, but XOM "should be" higher than spx due to 2% higher oil prices,,,shows weakness relative in XOM

1009
xom strat is similar to my CAT long strategy, which went up 11%, more than spx,,,,except this is revers strat short

959
Gold is up nicely this morn, but has not yet hit its swing targets higher, holding still

956
OIL charts suggest a pullback then higher,,,,may be buyable after pullback,,may go higher first but looking for pb for poss long entry,, may take a few hours for pb, may not come today

expecting a pb in spx also,,, trading XOM for expected pb in dow spx and oil, seeing if XOM can outperform them on the downside


* 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".