Friday thoughts

322
PAG cracking again :)==chris

311
if 124350 es break suggests move to low of day or lower--chris

237
if es hits 1246.75 then will go to 78% confid, from the 1250 signal--chris

234
es sell alert 74% confid at 1250 es===needs 85% to move--chris

226
the could change before the close, right now my swing charts suggest that SPY SPX need another 4 hours of bias to downside for monday, even if it moves higher today,

225
mini bull dbl bot W on SCO 3min,,but its only on 3min chart so isnt as strong--chris

219
the vol is too low now, i'm waiting until it picks up to decide on more trades,,,the only reason i entered oil with this vol is because i was watching it last few days waiting---chris
---should know more at 3pm


211
such low vol makes it hard to judge,,i think we move lower on es spx tho, into close---chris

but i'll hold the PAG short from yesterday, having taken 5%ish profit on spxu already earlier today--CHRIS

206
SCO calls or USO puts could work imo, tho i'm trading the underlying sco--chris

200
added part 2 of SCO buy 44.20ish for bear oil short swing--CHRIS

1213
60 min ES does have a bull hammer but its unconfirmed, and i think any rally if it is confirmed will be short lived---CHRIS

1209
sell signal warnings on the 3min chart imo, intraday, here at es 1242---CHRIS

1156
they could always ram ES SPX higher, but imo failure to go higher in the post-1030 AM timeframe today, with low vol, is bearish==CHRIS

1152
sco holding time est 1-5 days, prob 3 or less

1151
sco may go lower first, oil may still rally, but want to participate,,been watching a few days==chris

1150
bought sco, starter position, may add more, 4485ish, SCO is bear short oil--CHRIS

1037
manually trailing the stop on 3min chart now,,,to protect 5%+ profits----wont post all stops to avoid clutter,,=CHRIS

1032
still looking to short oil...has move down a little today,,,ideal setup would be lower, then short the bounce, swing---chris

1026
bounce on es poss here at the 1239 trgt,,if doesnt make over 1244,,es in trouble--chris

1023
4.5% on half of spxu from yest,,,holding other half,,,took profit at posted target---chris

1020
may take half off at 1239 es ,,,watching---chris

1019
1241 broke,,, ;) ,,,1239 es next trgt,,,if that breaks should get the 1231/32===chris

1015
a break of 1241 will invalidate the 3min sideways up bias on the 3min,,,a failed rally even if it goes higher--chris,, if 1241 es breaks, need to reset the candle count===chris

1014
if ES under 1250 at 10:33AM, would be bearish intraday, imo---watching 3 min candles----

1012
3min es suggests sideways higher bias, but rally likely to fail given patten on 15min imo---chris, at least on first try

1010
spxu from yest entry now at 3.5% profit,,,tightening stop on half,,,still will hold second half for the lower ES trgt 1231ish===CHRIS

1005
nice gentle bearish push (vs pierce below and pop higher) on SPY 15 min boll bands,,,suggests lower also

1001
I might short oil today before 3:58PM, been watching last few day---chris

940
we have a possible 4 hour down sideways bias setting up on spx es, not confirmed yet but forming--chris,, i would wait until 1000am or 1030am before new long entries, may go lower for 4 hours imo--chris

938
just missed the first PAG profit target on short, so lowering trgt now to 2060 instead, may go thru the first trgt to the second, if not will look to take smaller profit==CHRIS

935
1231 ES trgt if able

933
2092 PAG trgt

931
We gapped down as expected, may take profits on spx shorts and PAG shorts within first hour, or coming minutes,,watching charts for exit---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".