Thursday thoughts

335
took profits in DOW short

329
es intraday into close having troubl,e clearing over 1144---watching that # into the close---chris

322
aapl may go higher first,,,but think the buy will be after it breaks lower, and begins to form a new base

322
imo,,,AAPL has held support on it daily uptrend line,,,but i believe it will break the trendline and form a less steep daily one, and then aapl may be buyable long,,,,will take a few days at least to form thyat setup---CHRIS

315
For S&P500, the SPY 60min and daily chart suggest waiting at least 4 mor hours before entering any long swings, and even then a long setup may not materialize,,which means waiting until tomorrow. For swing shorts,,,i'll take profits today on the DOW and keep the SPY shorts overnite...CHRIS

257
DIA short---stop set 110.57 dia to cover shorts to protect profit in case surges higher,,,holding for now, and will manually trail the stop lower for the dow short from yest,,,still holding the spx swing shorts with looser stop===CHRIS

254
here is that retest of lows that lack of volume diverg intraday was suggesting,,,watching reactions here,,,may get signals to cover shorts or scalp quick long,,no signal yet,,tho i wont take the scalp long only the cover short setup---CHRIS

248
1:01 PM 386/387 trgt for aapl was hit,, 1:01 pm posting suggested 386/387 aapl will likely hold on first test if it moves there--hit 386.38 and bounce to 391ish,,,watching if 386 can continue to hold further tests or not----CHRIS

245
maybe the next pullback on ES SPY 3min chart will suggest covering shorts or long scalp,,,no setup yet imo for either---chris

231
still no bull vol diverg intraday,,,waiting---chris

226
on daily,,,bears still have not broken the rectangle, tho the flag is broken,,,we could still get the higher low coil pattern on daily---chris

223
watching if dow breaks yesterdays low convinvingly,,,SP500 may not find support until dow gets lower, to 10930 ---10850ish area

216
 if DOW breaks here,,,SPY could hit its target #1 today--chris

215
still no intraday bull vol diverg,,,so a bounce will likely retest again lower intraday, tho maybe to a hgier low,,,still bearish intraday atm----CHRIS

213
DOW is now very near yest low,,,,watching reaction here,,,,---chris

210
AAPL is now on its daily trendline,,,so trendline support rite here, not horiz support...392 did break as expected earlier today---chris

209
es just hit the 1141 trgt,  1140.25 last---chris

207
DIA dow is right at its gap support now,,,yest gap support was broken so watching reactions here---chris

205
sp500 and ES may find support when DOW hits yesterdays low,,not there yet===chris

202
watching for possibility taking partial profits on swing shorts (will still hold some swing),,,no entry yet, but is possible that charts change today , that a bull volume diverg develops, and a bounce comes,,,waiting for now---CHRIS

156
while under 1153 ES,,, es and sp500 v bearish, imo,,,,and 15min charts "needs" several more bars candles---chris

155
while under 1153 ES,,, es and sp500 v bearish, imo

154
15min and 60min still say "hold swing shorts" imo----chris

153
,,i shouldve added more qqq and spx shorts yesterday instead of dow shorts,,,thought dow would falter but qqq fell harder,,,,but dow shorts are still profitable so its all good

149
even a bounce to 115.75 on spy would not invalidiate,imo==chris

146
SPY is now testing its prior low, so stall here makes sense,,,if that low breaks then 113.80--114.20ish spy target,,last 115.03

144
1141ish es may stall,,,watching reactions if gets to that trgt----chris

139
this is what happens when there is no bull volume divergence, the rally intraday fizzles--chris

139
INTC hanging by a thread but officially still over its .20 support,,,watching as its pennies away now on the test--chris

134
1141 es trgt, simply prior low==chris

133
sell program alert here at ES near the lows,,,79% confid

131
watching to see if DOW catches up to SP500 ,,,dow been stronger thus far today===chris

101
386/387 aapl will likely hold on first test if it moves there---chris

1245
return to support test here ---candles on 3min are too big,,not small candle descent,,,moderate volume,,suggesting support can break lower,,,watching reactions---chris

1240
last 2 hours is consolodation i mentinoed b4, often continues one more time in prior direction intraday ,,,in this case lower,,watching if support holds or breaks to a lower low===chris

1237
for now, aapl and intc still over 391 and 20.20

1237
moving lower here on ES<,,still no signif es bull volume diverg on this move,---chris

1213
suggests lower prices under 1160,,,even a lower low intraday

1213
still no bullish volume diverg intraday, actually is bearish vol diverg on 15min but thats normal during 11am--1pm,,,still see same support and resist levels--chris

1123
imo aapl may be related to amazon kindle fire,,,but the daily had a bear diverg on it,,,think its more the technicals and its meteoric rise and strength in the face of multiple SPX downturns the last several weeks...CHRIS

1110
SPY spx up .78% vs intc up .25%,, and intc is resting on its support now, daily candle intc

1109
INTC chart has now turned weaker than spx,,,watching intc, which has been strong lately, now weakening,--chris

1101
no bulllish price:volume diverg intraday on es sp500 yet on 3min chart--chris

1053
ES testing 1153 micor resist now...watching reaction---chris

1049
under 1153, intraday ...is extremely bearish,,,tho es may climb over it---chris,,,with prior support levels 1160-63 now resist levels

1048
failure to bounce on es to 1153 would be v bearish ,,last 1150.50===chris

1044
INTC still holding up tho,,,chris

1031
aapl perfect test of the 392 supp....hit 391.90 and bounced on first try as expected,,,but the 392 looks breakable after some work,,,will watch for aforementioned consolod---CHRIS

1036
ES may want the 1125 area and a bounce, to begin to coil inside the rectangel as mentinoed yesterday,,,bounce poss there to another lower hi,,on daily---chris

1032
also watching INTC 22.20 support to see if it tests and holds, 22.41 last intc, over its support,,,if intc breaks support, and aapl down, and finan weak, bearish on spx qqq dow

1032
a stall on the first test of aapl supp is likely, mini bounce,,,watching reactions of consolodation if we get that--CHRIS

1031
aapl approaching 390-392 area,last 392.50,,,v v impt test of supp imo==chris

1027
poss we consolodate for next 1-2 hours, chop,,,depending on if it wants ping pong in the intraday range---watch INTC also----red aapl bad for qqq spy dow

1024
1160 es support zone holding,,but its micro intraday support,,,so can break lower more easily--watching reactions in the support zone now===chris

1019
with other support levels in aapl down to 384,, mid term aapl bullish unless 384 breaks but not valid for new long entries here imo

1019
aapl 392 support,,,still very impt # imo,,,same as last several days support level, for aapl and also qqq spy----CHRIS

1005
1160--1163 ES micro supp area intraday,,, if that breaks,,,downnnnnnnn

1003
ES struggled at 1166 and now turnign down,,,watching to see if sustains, still biased to down imo---chris

933
watching the first 30min of trading,,,ES resist still holding atm,,,===chris


918
ES is now right at resistance, looking for it to turn  lower, from 1166 if R holds, else 1178 trgt higher on break over it,,bias is lower atm

* 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".