Thurs thoughts

356
took profits on 3rd entry in REDF, i will look to re-enter it later long, or perhaps another stock,,,have only 25% of shares left, sold 75% of shares to lock those profits'
'
339
bear eve stars on spy iwm possible, still only day 2

339
VXX and TZA have a poss morning star 3 day candle pattern, with this as day 2, and a gap higher tomorrow as day three.  the last one i mentioned worked, but this is early entry only as the pattern is not formed

331
new interim trgt REDF 944 befor the 1023

318
we may see some wild action today afterhours

317
tza has high volume and can trade afterhours 4pm, may take profits today on the tza, else will hold as swing

316
bought tza 22.30

306
stopped out of vxx scalp, took profits

300
TLT only made 118.40,,missed the 118.60 trgt by 3pm

254
to protect scalp profits, stop raised to .46 for half of vxx and breakeven for other half

251
VXX hit the .62 trgt and is hanging out there now,,,still see higher than .61 since it made it this high

245
1308 es test holgind first try as normal but looks breakable lower

240
IBM continuing lower ahead of earnings

239
vxx at 1% profit target from entry scalp earlier today, tvix about 2%,,,half off and keeping half makes sense

236
1308 es test, thats the pivot, from 1pm

234
vxx trying for .62,,,i still think if it makes .62 it will go higher than that

232
TLT nice move on 3min chart BUT not much volume behind it, likely stall at .50 unless vol increases

228
CORN and Cotton futures have also popped up, often a signal for higher vxx and lower spx

222
but TLT needs that .60 to really move,,not hit yet

221
if TLT rises during the 2pm==3pm hour, often vollatilty increases as the "safety trade higher" comes in

220
higher TLT should be good for VXX   TVIX

200
vxx at 2952 scalp target for entry #2 again here

159
if TLT can close today over 118.60 then it has a chance of its daily correction having ended, for a run at a retest of prior daily highs, then new highs

157
if VXX tests 2965 today, it will probably make highs over that today, toward second saclp target

155
watching TLT from the 2pm--3pm hour may provide enlightenment

151
We have Microsoft (MSFT), Intel (INTC), Google (GOOG), and IBM (IBM) reporting after the close today.


149
IBM selling off a bit here, not good for IBM DOW

136
REDF has had buying support on declines to 860,,question is: if it doesnt pullback, will they chase it higher????

132
1308 and 1312 pivots, in between no mans land

131
the ES reaction here at 1311 /1312 may well determine how ES closes today, likely to close in direction of over or under the 1312

127
imo ANN multiweek/months i remain bearish , i believe it will break under 2250 and again under 2150 for new lows,,,but anything can happen with chart changes

122
REDF over 897 is more impt than over 900 imo,,last 889 but has been resist here, and above at 925

118
scalpers could reenter vxx again her 2931 and have same trgt again, .50,for half, with higher trgt for second half

1235
first trgt 2953 vxx hit and exceeded

1223
vxx looks headed for .50 test, but must hurdle it to sustain higher, same trgts

1211
vxx over 2952 intraday, could pop nicely if it can hurdle that, last 2930 and still a vxx buy signal on 3min charts

1210
clearly 924 is a trgt on redf b4 the 1023 trgt,,,,based on simple 925 last prior high,,but i still want to see how it reacts to the 925 test if it gets there, as it may break it higher, esp if the test comes after 2pm

1205
now the 15min es is in a bear rising wedge

1155
vxx trgts 2950 and 3140

1148
3min chart scalp long signal on vxx

1148
bought vxx here 2931, to take profit today if able

1108
spx daily bear rising wedge

1108
look at ES 3min chart: large 10am red candles, and small green ones on bounce, suggests lower, among other factors

1105
HPQ "should" fall harder than spx,,,daily hpq in a sideways rectangel vs up for spx last few days

1103
i'm trying to give REDF a chance to break over the 9.25 prior high, why continue to hold for now, with higher lows on daily

1100
887 redf broke higher, now 899 trgt b4 1023

1053
HPQ market maker analysis suggest the MM are pushing up the price, but they are shorting into it, imo,,one reason why i added shorts, its also near resist, and could drift higher while the MM build their positinos

1048
adding HPQ shorts here 2707, to take profits on half today if able, and hold half longer

1045
1308.75 es short could work here

1018
PUTS have NOT kicked in yet tho,,,red on those atm but see lower in feb or march for those

1016
i might continue to actively trade REDF in and out,,,so far did 2 roundtrips on REDF with 8% and 7% profit, and a hjalf roundtrip at 5% profit

1013
for now my orders on REDF: sell limit 10.23, or stop 8.07, last 8.79

957
AA puts still have timje to move up to 50 cents

955
Adding FEB 9 puts in AA here at 10 cents, don't usually do this but they are cheap enough for a try-me trade,

946
i still think TLT is going higher ,for swings,,,TLT daily broke resist, now backtesting imo

943
if REDF gets a close over 8.90,,,it should move to its higher targets, even if spx goes down,,,doesnt follow the spx

941
vxx same trgt to "move",,,needs over 32.60, last 2986

934
IBM has not been trading great lately, if IBM disappoints i think it will affect HPQ, hence the indirect IBM earnings trade via hpq instead of ibm itself

900am
REDF long has also gapped higher this morning (still have second half, having taken profit yest on half)'

858 AM
Premarket MPEL is trading at 11.08 so its 10.97 target from 2 days ago has been achieved.
Various Short positions have not kicked in yet, but I am holding them 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".