Friday thoughts

404
1 million shares of HPQ  sold red at 28.13

350
a close over 1530 sppi would be good, has moved up here with ES spx but really needs over 1530

340
CHRW has a nice big red candle, countering yest green one, i remain swing short chrw

321
sppi,,,i like that its been consolod for 6-7 hourly candles near its support,,,risk is that it breaks lower bu i think its headed higher

315
im not sure if it can do it, but if REDF can stay over 860, its forming a nice bull coil, more easily seen on the 60min chart since last tues,,if REDF could get a little less volatile as its range narrows while the coil matures ,,,i might buy it again for the 4th time

307
my REDF analysis incl timing suggests that it creeps higher next 2-3 days. but upside is limited, then will correct, maybe in 1-3-5 days i will buy the correction,, so i'm on sidelines now in redf

246
i was never filled on the TLT order, i am now cancelling it,,will look later for opp to add TLT TMF

201
watching to see what TLT does at the impt 2pm--3pm hour

154
CHRW shorts, gave a nice red candle todeay on that position, still holding those longer too

153
HPQ shorts are not working atm, red for now, but still holding them for lower prices

151
VXX possibly waking up here, watching to see if follows thru or not

143
ABOVE the market i will buy TLT over 117.61, i.e. buy stop 117.61 at the market, 117.10 last TLT

123
i finally bought SPPI 15.20, for swing,,,looks like it could move to 1535 fast, but holding for over 1600 swing trgt

119
out of esv, took profits on second half,,,may re-enter later, but taknig a break now on the quicktrades :)

118
"something" is happening in TLT,,,watching to see if moves up or down from here, 3min chart volume increase  spike,,,may be signalling a rally on TLT

1255
and the low odf day on ESV is 5092, where i covered half, bounced exactly at .92,,,stioll watching .87 next

1245
esv 5092 trgt to take profit on half,,,if it hits 5088 then stops may trigger sending it lower

1244
5092 esv i'll take off half if it hits there,,5102 last

1243
esv just hit the 5103 second trgt :)

1242
ESV moving down while ES moving up,,,now if only ES would move down for a few minutes, it could really put nice selling pressure in esv

1241
5123 ESV stop now,,,

1238
ESV acting well here,,,i'm just continuting to trail the stop tightly lower on the 3min chartr on this one day trade

1235
5127 stop on the ESV quicktrade

1228
if esv can break 51.14, could move down nicely, last 5122 but theres support at 5118

1227
ESV--volume increase here on 3min chart---"something" may happen soon up or down,tightening stops to protect profits in case it decides up not down

1208
again im being cautious and proactive in the ESV short since the daily trend is still up not down, trading the bear harami daily among other things, but a bounce later would be expected when this correction finishes

1208
ESV next short trgt lower 5103, but i'm trying to get 49.27 trgt (shich would take longer, or multiple "take profit and re-enter" trades,, 5124 last

1201
ESV 3min and 15min charts are NOT rallying higher with the ES move higher here, good for ESV shorts

1137
ESV hit 5125,,,im considering the first trgt of .22 as being achieved, still see lower but active traders would take the 1% profit for a trade lasting  35 minutes

1130
if es 1304 break gives 1299 intraday trgt lower

1128
ESV quicktrade doing well, up 0.65% since entry 25min ago,,approaching trgt 1

1109
possible longs, regardless of what spx does, but none are ready yet:  MENT  REDF  MPEL  PHM  NCTY  SPPI  HSTM  TLT  MITK  AKRX  VDSI  GHDX

1103
ESV i likely will not hold long since daily is in uptrend, just trading it quickly, but the daily does have a bear harami reversal yesterday signaled

1102
51.22 first trgt on ESV short

1101
shorted ESV here 51.74, possibly take profits on it today

* 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".