Thurs thoughts

343
1259 es,,,shorted to hold overnite===chris

350
see the big red candel on 60 min, followed by small green ones in rally? suggests spy is tired---chris

344
among other things, PAG has bear hammer (was harami earlier in day), at a time when spx seems tired on upside---chris,,,hence the short

341
took profits on honda,,,,,,,,,,,shorted PAG 21.56ish

330
by 358 PM, i plan to take profits on the HMC honda long, and to also enter a short of PAG, unsure of exact prices atm but will do by 358PM

306
Raised lim to 22.14 for new swing short on PAG if filled, will continue to adjust b4 the close today---chris

237
i dont know if i will get filled, but will short PAG 21.97,,,2140 last==chris

210
HMC honda approaching the 3050 trgt--the real action will come if it can break over 3050--watching reactinos here---CHRIS

136
/DX us dollar suggests that longs should be cautious here, tighten stops,,, dollar approaching support and if it rallies commodities and spx should fall---chris-- current .DX us dollar candle looks nasty but watching to see if it reverses or not

119
HMC step one accomplished: broke .25,,, now needs to break over .50 for first trgt higher--chris

118
es just hit its 1252 trgt,,,still have same higher trgts,,,resist test reaction impt here to see rejection or not,,,stall is ok if not vicious else could turn bearish===chris

1255
HMC is lagging the spx here today, but giving more time,,,if it clears the 2 resist areas it can move v fast,,theres an intraday gap up on the 3min chart also---chris

1251
1255 would not be a swing short area, tho its resist, imo (could scalp short it but will pass for now)===chris

1248
from 1217pm, still valid: es over 1248.50 would gives 1252 and 1254 trgts---chris

1247
78% confid,,,buy program for es alert--chris,,needs 85% to really move but often 78% presents approp entry (intraday)

1241
SPY 60min chart: 5MA over the 15 MA, with 5 MA support at 124.60, last 124.93,,horiz supp 124.45 also, atm===CHRIS

1235
15min chart gave an extension: another 4 candles to wait b4 short, imo===chris,,,60min unchanged

1231
the last 5 candles on ES 15min chart are textbook bullish rising 3 methods continuation pattern. watching to see if it causes higher ES spx or not via confirmation.---chris

picture      http://www.hotcandlestick.com/directory/Bullish%20Rising%20Three%20Methods.htm

1221
if es 15min candle next closes over 1246, will have bull rising 3 methods continuation pattern, still forming and uncconfired, pattern would be broken on break of 15min support--CHRIS

1218
under 1242==could pb lower---chris

1217
es over 1248.50 would gives 1252 and 1254 trgts---chris

1212
15min chart forming the 5 candle bull continuation pattern higher: rising methods, still baking, unconfirmed---modified pattern sometimes will only use 4 candles not 5

1208
3min spy suggest break higher could happen in next 4 candles/12min---chris

1136
us dollar weak atm, but chart suggest after 3-4 hours, it may present a long opp dollar, which would be bearish for spx and oil---chris

1131
15min ES says wait 4 more bars b4 short, imo--chris


1126
looking for entry to short oil, via sco--no setup yet but might enter before 3:58 PM today---BUT no entry yet, oil is at resist test and could surge higher, but if dollar gets stronger next few days, oil should fall harder, esp if the resist holds

1117
i have order to sell half (keep half) to take profits on HMC honda swing entered yest: lim sell 30.98, stop 29.11, l;ast 30.10==chris

1104
poss new swing longs in AGD  JCP  SRE  EXAS  EDZ  TWM   tza===CHRIS
poss new swing shorts in KMB   HGSI
No entries yet, that's just the focus list atm, may change
EDZ TZA "longs" are actually bear etfs

1049
Yest at the close i mentinoed that SPY 60min chart was biased in the bull sideways up for 4 more trading hours,,,still in that timeframe, waiting until it expires before any short, unless chart surges or changes--CHRIS

1018
 look at daily ES candle: huge doji-like with long tails both up and down---as the MACD hist near 0---chris

1000
1238 es test here v impt intraday, may bounce but trying to break lower,,,1238 is the prior breakout point---chris

955
just one indicator, but daily MACD hist on SPY is ready to cross under 0, possibly today,,,BUT the day of the cross and following day(s) often are chop whipsaw days, historically---but cant base decisions on 1 indicator, price is king and trumps all else

951
my charts say swing short spx setup may come today or tomorrow, imo,,,still setting up and baking---CHRIS

943
Still have HMC long from yest. I needs to hurdle over 30.50 to get upside traction to higher targets. last 30.10. still a valid long setup imo, may add more to this position later today depending on charts. same targets and stops as yesterday/

* 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".