Friday thoughts

147
74.93 interim xom target--chris

141
7520 xom may give the push to 7668 first XOM target,,,xom up 0.74% vs spy down 1% today---chris

137
Yesterday we waited all day for a bullish price low : vol diverg to form intraday and didnt get one,,,today intraday the ES does have such bullish vol diverg, suggesting that higher is poss off the 1139 supp test entry idea----chris

122
dow stronger than spx, XOM stronger than dow, partial reasoning behind XOM new swing long entry---chris

111
xom sell lim 7668 order in,,,to take profits for xom swing if filled

101
heres that 1139 es supp test===chris

1249
the last 4 days, xom has been able to make equiv daily highs, unlike spy with lower daily highs,,,also the 60min looks like it wants to go higher in order to form a bearish divergence of price:rsi,,, no bear diverg yet so higher suggested.

1248
xom "just might" break out of its daily rectangle resistance since august 15 for a move to 7675ish==chris

1246
i'm going long xom 7427 swing,,,may take profit today if it pops nicely but willing to hold longer

1225
sp500 spy spx dow agressive scalp setup may present in 6-18minutes or so--chris

1220
15min spx spy right now in middle of range,,,a higher low on 15 later today could give a buy long scalp setup,, the 60 min suggests a rallly can come, but need to use the 3min and 15min together to get the entry setup

1210
if support holds, spx may try a rally to 1173ish in coming hours days,,,hard to get a target to due extreme volatility

1209
that daily and  60min spy spx is beginning to coil triangle like has been suggested last 5 days,,,watching to see if a coil forms and then a break of the coil---CHRIS

943
out of spx short from 1200 to 1145, for 55 points profit,,,,will re-eval markets later for long or short opps swing,
4.8% SPY profit, or about
15% profit if using SPXU===chris

941
I still believe that ES will bounce before 1100 es, and begin to coil triangle on the daily---CHRIS

939
if 1133 es doesnt break i may cover the shorts and look to re-enter,,still have 1126 and 1121 es targets but this may be close enbought,,,will look to reenter bounce if support holds and does not break lower---chris

936
i will manually trail the stop lower as es moves lower to get as much profit as possible while protecting from upsurge,, but i wont post all the manual trails here to avoid clutter

935
lowering stop on spy spx shorts from 1200 to es 1141 to protect profit===chris


* 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".