Thursday, August 25, 2011

Thurs thoughts

523
Afterhours, I'm taking a small loss on the FAZ here, i still see higher FAZ and lower XLF but think a better entry will present. Given high volatility and over 10% FAZ range today, I'll step aside. FAZ is up higher afterhours but still under my entry point.

346
stop 1158.25 on remaining half into close

344
holding other half at breakeven, for poss panic sell into close

343
covering half for profit here 1154.50 from 1161.75

342
1156 stop on half

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1158.25 stop on half

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stop 1159.50 on half

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es 1154, 1144,1126 trgts

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watching es 1159 to hold or break, holding shorts thru this (chris)

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in spx short at ES 1161.75

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BELOW the market short if 1162 breaks could work also, last ES 1164

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It may be prudent to exit the xlf short / faz long today near the close, watching reactions. The XLF went "higher" than i expected today,,,so may exit and re-eval entry later. Given wild volatility and swings.

1239
Interim Target: If XLF hits 12.17 then I will sell the FAZ (FAZ may be around 72.10 at that point) and then re-enter after XLF bounces. Last XLF / FAZ  12.57 / 62.18

1050 am
Swing FAZ first target is 80.87 from 62.80ish entry. DOW 10600 and 10,000 targets. Lower lows.

* 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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