Wedn thoughts

357
look at spx daily chart, and spy,,,spy now has  a lower daily high and is beginning to coil bearishly within the rectangel...this 2 day selloff below the prior resistance is troublesome for spx,,imo---chris

355
covering a piece of dow short for 155 points profit,,holding rest overnite---chris

340
might cover some of the dow shorts b4 close, will def keep others overnight,,,dropped 100 points since entry--will see what it does into close---

336
 tomorrow may be too early to go long gold,,,will be watching charts---

333
10,851 DOW target for new swing short,,,similar to 114 spy i believe, will continue to hold 1200spx shorts with looser stop than dow---CHRIS

328
spx dow-intraday---tested breakpoint resist perfectly then backed off---is why i set a tight stop to enter short below mkt right as resist tested, in case it broke higher instead,,,was filled just under resist

323
DOW may fall harder than spx if the stronger stocks like INTC pull back tomorrow,,,,CHRIS

321
DXD is 2x equiv to shorting DIA, but imo one gets better fills on DIA (also on spy vs sh spxu sds)===chris

316
shorted dow 11,155 for swing,,,---chris

311
may see 1169 spx today---cjhris,,,

308
theres the 1161 spike on ES,,,still see lower poss coming days---chris

252
1162 spike possible, ES----chris

235
poss bounce intraday,,,muted reaction thus far as the support zone is holding ES....nimble both ways--CHRIS,,, still watching reactions in the last 90 min of trading

206
intraday shorts makes sense to tighten stops on half of shares,,,imo,,chris

157
using manual trailing stop on shorts,,,wont clutter the room with all updates,,,will keep 25% of shorts with higher stops near breakeven (swing)---chris

155
es just hit 1156 target---chris,,,

135
1160.25 stop on half es shorts,,,holding rest higher stop--chris

133
if 1150 es breaks, watch out below,,,tho expecting a hold on first test in 1155/50 area---chris

132
1163.25 es mental stop

127
looks dangerous for spx, for next few hours ,,,esp under the resist---chris

126
es 1162 holding for now,,,if it breaks lower will be interesting to see reaction: muted or intense?----still see lower, under resist still0000----will quickly invalidate if resist breaks higher---chris

122
need to be careful,,,low vol today---chris

120
nervous intraday shorts might set stop 1166/67,,agressive might wait longer---chris

115
still bear bias intraday imo,,,while under the resist---chris

114
this is v impt intraday supp test here on spx es imo,,,watching carefully---break of supp gives the lower trgts,,,chris

112
if using GLD, i'm looking at 254--162 range but will wait till tomorrow prob to see if 154 breaks lower,,,if so i'll wait longer,,,maybe buy on a break over 163---chris

110
 gold,,,imo needs at least abnother 4 hours b4 long entry for swing---chris

1251
1163-1177 range on ES,,, a break of one of those higher or lower will likely give more in the direction of the break--chris

1244
multi-week "real" support on aapl is 378-385,,over that its still healthy,,,but 392 break will likely cause chop for aapl---chris

1242
AAPL has been able to hold over 392,,,watch 392 aapl in coming horus days,,,if it goes under 392,,, QQQ and SPX may fall hard,,,no suggestion now that aapl will break under 392, but watching==CHRIS

1231
the last several weeks now, the pros have been reliably tipping their hand in the final hour of trading,,,,for swings i've been making decisions in the 3-4pm timeframe for new entries,,,fwiw---CHRIS

1229
tho charts say wait until 130pm corn reactions

1228
ZC corn futures, or CORN etf, have moved lower but i believe that corn is basing for long swing opp,,,i may add to existing long swing ===chris

1224
the 15 and 30 min spx charts are battling here, seeing which one wins higher or lower,,,my bias still lower for now, esp while under the ES intraday resist, but that could change===CHRIS

1214
ES hit 1174 (1173/75 add more shorts area) and has retreated :)

1135
81%--chris

1132
sell alert ES at 78% confid===chris

1127
if ES claws to 1173/75 area, may be able to add shorts---chris

1109
1158 1159 first trgt if it breaks, es,,,b4 the 1155 intraday==chris

1106
intraday if 1163 doesnt break lower by 1127am, could go higher---=chris,,,
 trgt is to break in 9 minutes

1102
short es here 1166,,or 1860 spxu could work

1050
around 11:03 AM,,11:06 poss scalp entry short es may setup

1049
under 1171 es, bearish intraday imo--chris

1047
still holding the long term spx 1200 short, for under 1100 spx eventually

1039
sell alert for es 1155 tgt from 1165 es

1036
yes es tested its 1163 support area, may retest and break,,watching reactions==chris

1034
intraday ES stil bearish for another 12 minutes==4 more bars on the 3min==CHRIS

1023
watching next 4 bars on the ES 3min,,,bearish for lower low intraday atm,,,===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".