Friday thoughts

321
AAPL is a big part of QQQ and influences it,,,BUT notice the difference in the daily charts of AAPL and QQQ---still much diff charts==

122
a pullback makes sense in coming days for spx, but remain open to possibility that it forms a higher low on pb on daily chart

1245
since this is a short of a strong stock,,,is hedged and only one of many positions, riskier short

1243
Shorted INTC here at 22,,, i see higher intc later but the move has been parabolic up and expecting a correctino lower first. i was previously swing long INTC from 1970..

1221
intraday,,below 1207 ES bearish, over bullish,,,notice 1207 was prior supp on 3min chart,converted to resist on break lower, and held first test of resist,,,,intraday only #

1209
notice the spx bear deiverg forming on price vs macd hist,,tho still forming and not finished yet,,,on daily chart
1204
a bulish volume:price divergence is starting to form in corn futures ZC, and 60min wedge forming, some reasons for new initial entry this morn into CORN etf swing long

1202
aapl daily is a bull coil/flag vs spx bear flag

1202
compare daily AAPL to daily SPX,,,helps explain qqq rel strength,,, AAPL chart is very diff than spx or even qqq chart daily

1145
DOW has 6 long bias components and 7 short bias comp, rest neutral/bearish, not enough to short the DOW indice, so not wishing to directly short DOW, nor add to existing SPX and Russel index shorts atm,,,shorting individ components should outperform short DOW,,,now looking at top 33 nasdaq stocks tho hesitant to short qqq or ndx

1059
currently searching for a DOW 30 component to short swingt on a bounce ==CHRIS

1058
IWM and SPY shorts now moved from red to green, toward the lower swing targets----chris

1045
just entered long CORN etf swing 4635 for commodities,,also looking long gold and long cotton later,,initial CORN trgt 48.00ish

1032
aggressive could try scalps long soon on QQQ or aapl,,,no entry yet but forming,,,i prob won't take the scalp since i dont feel like tick watching it.,,, prefer qqq or aapl to spy

1028
INTC hit 2192 and am considering the 2200 target swing from last weeks post as being achieved==higher intc poss later after pb

1022
taking profits on BA here, out for now 6545===CHRIS

1020
out of appl for now at 399.43 from 373,,,aapl can pb to 380ish and still be bullish,,,will look to reenter later (not neces today_)==

1018
stop aapl 399.47,,,will prob get stopped out--chris

1016
KO 7250 trgt over the 7170 prio yearly high made few days ago

1012
i will also take profits in BA swing long today, same idea as aapl/spx,,,, and 75% of KO,,,KO coca cola may make yet another new yearly high today

1012
trying to hold aapl for spx 1225ish if able before taking final profits unless it breaks intraday support, which should put aapl over 399===chris

1011
preparing to exit aapl on its next move up this morn (or down if support breaks) to take profits from 373 to 399ish, will look to reenter aapl later,,watching if aapl puts in a higher intraday daily hi today or not

1000
imo swing shorts on spx and russel here are valid (SPY IWM short or for more leverage SPXU TZA longs

955
aapl has hit its 399 daily target from 923 am and from last night. ...will watch reactions here for a pullback or a move towards its next swing target. Still see over 405 AAPL for new yearly highs, but pullbacks also expected along the way.

923
AAPL continues its march highere here, at 395.90 pre-market. Daily target 399 today. Even when ES futures were down pre-market earlier, aapl was still trading above yesterdays close.

* 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".