Friday thoughts

333
higher dollar should be good for oil shorts

332
83.00 target for DX futures , 81.60 last, in coming days

241
/DX futures US dollar daily chart is buillish, good for uup and EUO

226
TLT bullish next 30-60 mins as long as it stays over 118.50

220
at this time of day, TLT "could" push right thru 119.10 without the usual stall at resist test, watching, 118.90 last

217
100.30 approx oil trgt interim, on break of 100.70

214
TLT now 15 cents from trgt 1 from yest,,,still see same there, with eventual break higher over 119.10

213
OIL now close to testing its daily low for third time intraday,,,still see lower oil

124
67.14 TMF here could work, or TLT 117.76

120
1271 and 1278 intraday ES supp resist levels, a break of either is likely to continue in direction of break

116
TVIX intraday suggesting move to 2580 area test could come,,2515 last

113
a break of 1272 lower would put the 3min ES chart pattern in a down bias for the succeeding 4 candles or 12 min after such break

112
82% confid sell signal, under 1276 is the key for it to remain

110
"IF" the ES breaks under 1270,,could be a wave 3 intraday move lower,,,while break higher over 1276 may give 1282 test,,,bias lower intraday atm,imo

105
TMF (3x treasuries) may do better than SPX shorts,imo

103
if TVIX tests 26.82 it will likiely break it higher, tho may pb first (i have no position)

1259
80% on sell signal ES now at 1274

1256
it is also "coincidentally" yesterdays high,,,interesting how tech analysis matches sometimes

1255
the 3 min hi/low measured trgt on TLT is about 25 cents, which gives TLT intraday trgt of 119.10 on break of 118.85 (118.85+.25=119.10),,,which "just so happens" to be yesterday's posted trgt 1,,they match

1247
78% now at 1273.50

1241
ES intraday sell signal just triggered at 1274.50 ES< at 74% confid

1240
CL oil bear flag broken lower, now backtesting higher

1221
ABOVE the market , if TLT gets over 119.27, might give an "add more TLT long" setup,swing

1220
OIL now testing its low of day,,,can break it this time ,,,watching reactions

1219
imo,,if it clears over 25.50ish is where i see VIX moving quickly higher,,same # as last week

1204
TLT now testing 15min resist,,,expecting break of it for test of 119.10, then still see eventual break over the 119.10

1157
15min chart bear flag on CL oil

1155
oil bounced up to the target area, and has been rejected at new resist,,,still see lower oil for swings

1032
yesterday, CL oil "almost" had one of those reversal days

1031
IF the ES were to hit 1255 today, and then close under 1265ish, it would be a bear key reversal day, with a higher daily high and also lower daily low than yest, with close near the low,,just something to watch

1021
oil now testing its low of day-

1020
if TLT tests 119.10 higher,,,it will likely break higher over it,,,could pullback first and stall, but should break over it afterward, on curr chart patterns daily and 60min, last 118.60

1004
oil could rally to 101.30--101.50 and still be bearish, swing, last 101.12

955
100.97 last,,, oil hit first trgt lower posted yest (101),,,still see lower tho

946
101.18 is an oil fib level, right near there now, may stall

943
101.36 oil now broken :)

941
there goes oil, now 101.36,,,near yesterdays AH support,,,if this break, great for shorts

938
OIL is now again below the 101.75 support level, and sustaining under here gives same lower targets as yest...watching to see if bounces here or goes sideways down

935
AA shorts via puts have recovered part of their loss, now red 15% vs 30% from yest, but they are feb puts so have time..i expect downard movement after AA reports earnings

932
RBN has gapped up nicely on a favorable earn report, still long RBN swing, up about 2.5% from yest close


* 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".