Tuesday, January 17, 2012

Tues thoughts

351
bought redf back at 8.45 and 8.46

327
no entry yet, but before 4pm today, i'm going to buy back REDF again for the third time, it overshot its target 7% profit, and has since plunged lower,,,but charts suggest a nother move up again in this volatile stock

246
i have no more long positions now,,,exited all today

245
i dont think ES will test its highs today,,,possible top in ES imo

242
added more AA puts .15,,,the .12 did not get filled

235
as feared, and warned by vix and TLT,, spy spx fell, stopped out of ROK and took profits for now,,,will look at new entries later

218
stop ROK raised again 8037

210
action of vxx vix and tlt concerns me on the long side, so took the profit

209
i CANCELLED the order to buy back MPEL, it was not filled, for now i'm on the sidelines

208
raising stop on ROK to 79.8 to protect profits, last is 8056

124
yes if MPEL doesnt move lower i'll be paying more for it than i sold it for, but i expect higher if it can get 1078,,been hangng around 1075 for hours now

122
i took profits on MPEL here at 1073, and will buy lower again, OR i'll buy at 10.78 buy stop above the market

116
MPEL is in a daily uptrend last 5 days, and has not had much pullback at all today despite a gap, odds favor into the close , rather than lower,,,aka trend day

100
MPEL continues to hang out 2-3 cents from its high of day and also resist, despite the spx move down intraday

100
ROC is at a "buy back" level here now, for swing, and poss scalp also, 8021 last, may move lower first but in the zone

1214
129875 more resist 

1213
theres the 1297 ES scalp trgtr higher resist test, BUT its on a big candle so may break higher here

1157
wow REDF now up 9% in one day!

1142
MPEL breakable higher poss in next 1--9 minutes per 3min charts

1141
MPEL now coiling to build momentum for its upside break,,,one cent under resist and 3 cents under breakout #

1138
7% profit on REDF in 2 days taken,,,i will now buy it back again lower, later

1137
WOW what a move on REDF,,,took profits at the 887--890 trgt :)

1132
the more impt REDF resist is 8.89,,,,may take profits up there and then try to buy back lower, would be the 7% profit trgt if redf hits it

1131
REDF is waking up and may break its daily high resist at 879, 870 last

1117
MPEL still pushing against resist, 1073 last, 1075 resist, with 1077 breakout #

1115
ROK 60min is forming its 3rd bull flag,,,i plan to exit to take profits on the next break higher on the 3rd flag if able, and then mayber reenter lower again, curr up 2.5%ish

1101
looking for an ABC corection lower on the TLT 15min chart not deaily, and will likely enter long TLT TMF on the lower low, if able, same strat as b4,,, for second long entry after taking profits on friday

1100
9.99 AA trgt from 990 scalp, last 993, and i will short this bounce via puts if filled on the puts

1058
there it is,,,hit .25,,,but remeber resist 1097

1057
1294.25 buy stop ,above mkt, would give es long scalp setup

1055
es short scalp, still forming with no entry signal yet at 1093 last,,also theres resist at 1097

1053
9.90 here short term scalp long signal on AA for a retest of its highs,,not swing

1050
above the mkt at 10.78 buy stop MPEL is a breakout buy, i will not add sinnce i entered on friday under 1040,, last 1072, 1075 resist

1045
here comes the second low on 3min es, or a dbl bot instead, for the long scalp i mentioned 45 min ago,,,still no entry setup yet, forming still, and i will likely not trade it, just throwing out ideas for discussion

1037
i'm ADDING to AA puts if able at .12,,,last .13

1036
MPEL is now testing daily resist and its new dialy high,,,expecting it to make a higher daily hi and break this resist

1030
REDF also has a 20% profit target on the underlying stock, not on options calls

1029
12.40 is primary resist daily on MPEL above

1029
my limit sell order on MPEL is at 12.00 for now,,tho has an 11.97 trgt, may sell lower

1025
3min chart on es is basing now

1014
TLT has broken over its 15min resist,,,i am going to wait before buying it back, tho its below prior exit price,,,think it has another pb coming first,, if it breaks higher instead, i might buy back near prior exit area and pay the premium depending on charta

1003
another lower low on the daily 3min, then smaller 3min basing candles, would setup a long scalp, not formed yet,, similar to the pattern on fridays long scalp, buy the second lower low and divergence

1003
for scalps, this move down on ES will likely be bought and bounce on first try, tho no scalp entry yet,,,i likely will not take the long scalp on ES,,,just throwing out ideas,,i prefer individ stocks long instead of spy tna etc for now

1002
but i still ahve short swing positions in AA DB SAP STD,,long VXX

1000
on REDF daily,,i'm looking for it to breakout, like ROK did on daily, similar pattern tho REDF not in the uptrend that rok is

958
REDF daily and 60min--making a 3rd/4th drive at a prev high test,,,could break higher this time,, often 3-4 will break

951
REDF just hit its 4% profit trgtr from entry on fridya, but i want to see if it can break to new highs daily, so holding it here longerimo,,,please watch the TLT---notice its flat today despite move up on SPX<,,,still think re-entering TLT will present, and lower spx

950
imo,,,please watch the TLT---notice its flat today despite move up on SPX<,,,still think re-entering TLT will present, and lower spx

946
MPEL and ROK longs are 2 entirely diff strategies:  ROK is a "breakout to new highs in existing uptrend daily" trade,, vs MPEL / REDF trades as "trading the move up from a bottom base, daily"

945
1085--1091ish resist on MPEL tho,,may exit there on stall and re-enter lower like i did b4 at the 1055 resist, unsure

944
imop MPEL doing well,,it has broken over prior 1064 high, making new highs

943
ROK trgt is 84, may sell sooner to take profit and re-enter, still far from trgt at 81 last but its making new daily highs

933
ROK has also made a new high, at 8051, up 1% this morn
TLT TMF 3x looking to re-enter but no entry yet


932
MPEL is also up nicely at  2.1% profit atm

931
Newly entered REDF long on Friday has gapped up 3.1% this morning, still holding it for now. it has hit the 3.60 target posted on Friday, but giving it some time to see if it wants higher

* 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".

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