Friday thoughts

337
vix also hit its targets yest,,v high yest,,why i exited tvix and vxx yest,,tvix hit 6400 trgt from week ago--that was fun,,,50.00 to 62.00 tvix swing

333
VIX down 6% vs SPY flat==chris,, careful short, SPX may catch up to vix by higher spx

319
VIX looks like 4 hours more bearish sideways pattern imo==CHRIS

316
AAP which I bought this morning had a bullish harami yest (daily chart) that is confirmed today, tho thats not why i bought it---but gives a picture---chris

258
still in RAI, stop was .63,,,low today .67, survived by 4 cents last 40.13--chris

254
technically imo the 60min and daily chart of RAI look strong, it has held up during the vicious spx downside, also notice that 60min 14,3,3 stoch have gone from 80 to 20, with only a small decline, a sign of strength,,,while the rsi stayed over 50 despite the stoch decline,,, macd hist on 60min is moving higher, daily macd hist and macd are bullish, daily stoch is over 80 but can stay there longer---CHRIS

253
60min RAI reynolds inc: bull flag, ==CHRIS
 its trying to break higher today on the flag

201
took profit,,uso stop hit .64,,,last .55,,,may buy back later---chris

156
stop 3764 uso for a free ride higher, or 14 cents small lil profit if stopped--chris

154
oil creeping higher,,3727 raising uso stop raised again,,,chris

133
still have RAI   AAP   RIMM  USO

132
still holding the new oil long (reverse from short cover) with stop in place, watching reactions here, trying to bounce==chris

1247
oil 15min charts have sideways up bounce bias for next 3-4 candles, if this pattern plays out, in CL and USO===chris,,but keeping stop tite since oil can make fast vicious moves either way--chris

1233
changed lil lower to 3713 stop for now, uso---chris

1232
in uso 3750 stop 3722==chris

1221
over 3750/3800ish USO oil long opp may present, just idea, no entries, re-entry short instead could also present, staying on the sidelines for now----chris

1218
oil long may actually present an opp, on sidelines for now==chris

1217
out of sco for now,,,will eval re-entry later,,,being cautious,,oil may want $109 later--chris

1210
4088 stop sco

1209
took off half sco, other half tite stop now,,can always re-enter--chris

1206
4110 trgt considered hit, 4108 last, sco---chris

1200
4090--4110ish sco next resist trgt

1157
sco watching 4022 sco support, may exit on break under that, but hard stop set lower in case of fast decline---CHRIS

1155
3963 raised sco stop again, last 40.55===chris

1134
rasising stop again on SCO to 39.34, last 40.18

1050
newly enetered AAP making new daily highs, to fill gap==chris

1031
RAI still barely over its stop, i will not change the stop, but holding up despite SPX weakness---chris

1012
3963 same stop on rai from yest, 3979 last, may get stopped out. i still like RAI but if stop hit, i'll take the small loss and look to re-enter again later---chris

1010
3888 stop raised on sco (bear oil etf 2x), if stopped out will re-eval,, looking for confirm today of bull eve star on sco (bearish for oil)==chris

955
stop 6639 on AAP advance auto parts=chris

954
long aap 6750, swing==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".