Tues thoughts

423
qqq now trding down at 56.12 AH===chris

402
44.30 corn next trgt, last 43.28, up 6% today===chris....may see 46/48 area later

354
nonetheless, bearish diverg on the 60min charts for temp pb--chris

353
a close under 1185 ES would be bearish for tomorrow---chris

340
bought the first daily doji at the close 2 days,,shorted this second daily doji again at the close--chris

332
shorted at 1190 ES

329
BELOW the mkt, es 1188.75 will short===chris

316
5680 qqq short would be nice if got there---chris

312
60 min bear diverg suggest a one day short could work imo---chris,,,notice macd hist

240
SPX may be setting up bearish divergences,,short entry possible, no entry yet---CHRIS

201
CORN bounce back up from 4%, now up almost 6% today from yest,,,still see higher---chris

1210
Simultaneously looking for opps to short the market also, but not yet imo,,,,or via individ stock shorts===chris

1206
XOM may consolodate in 75--77 area, a break over 77 gives higher swing targets of 79,83,85. Note that XOM has bullish broken ABOVE and out of its daily rectangle, unlike spx which is still trapped inside the daily rectangle. Opps to add to XOM long may present,,,,for now just holding half (took profits on other half already)==CHRIS

1201
CORN surged up 5% today, currently pulled back some to about 4%==CHRIS

1000am
It took 6 days but XOM has hit its first swing target from 6 days ago,, 76.65 from 71.25. Still see higher targets but partial profit taking at the first target makes sense for about 7.5% profit.

* 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".