Wednesday thoughts

344
DX remains over the trgt to stay over 78, atm,,watching==CHRIS

305
esp if DX is over 7800 at 4:15pm today==chris

304
bnc possible tomorrow, but i may short the close,,,see lower spx now conming==CHRIS

237
then 79ish and 81ish trgts on dollar DX

235
7830 us dollar DX trgt test of 9/12 high (may have just tested), then higher on break over it==chris

232
as the dollar stages its expected rally, EUO up 4.3% today, UUP up 1.83==CHRIS

226
stopped out of MRK, took loss of 1%osh==CHRIS

209
.66 stop (below .67)

208
added mrk .75, stop .67,,,low risk,,,either support holds or i'm out with loss===chris

1102
MRK not down much today, only down 0.09% vs 2.38% down for SPY==chris,,  a few cents higher and MRK will be green vs yest

1059
35.22 MRK trgt to sell to take profits from 34.30 if it hits that today==CHRIS

1030
long in MRK 34.30 instead of SPY==chris,,using mrk dow component instead==chris

1022
if ES is over 1240 at 1031am, would be bullish imo for higher bounce, per 3min and 15   60 min charts==chris

1003
stopped out, took profits on shorts, may go lower but a 32 point drop is a lot--CHRIS

1001
at 1241 now,,may get stopped out, 1241.25 is stop

959
1241.25 es stop for shorts, 1238.75 last=chris

956
sco moving now, up 4.63 % from yest==chris

953
Watching 1237 and 1232 ES trgts lower, may take profit on second half of shorts there (from yest entry), stop tightened in case of sudden surge higher to protect profits--CHRIS

Possible setup to reverse and enter long later today, no entry yet, no confirmed setup


942
next DX us dollar futures trgt 7830--if it hurdles that dollar should rally nicely higher and push oil lower

939
still have short oil, red atm but still see lower oil, higher sco--oil is lower this morn, sco higher,,have not added to sco, may add later today--CHRIS

7:12a.m.
ES is down hard now 28 points. Took profits on shorts entered yesterday for half the position. Holding half still.


* 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".