Wednesday, January 4, 2012

Wede thoughts

340
they finally let KSS up for a little air after pressing all day, last 4739 from 4697 low and 4797 high

336
individ stocks present some good opps for long,,,but i dont like long swing the indices here, spx iwm

335
charts suggest higher TLT in coming days / weeks,,,which will put downward pressure on spx

316
VIX over 25.50 would be cause for concern for SPX bulls, its at 22.26 now, under 25.50ish,more of the same

305
118.30 3min resist has broke higher on TLT

305
a TLT move over 118.60 may see lower ES SPX,,last 118.35 in poss breakout higher on TLT intraday 3min chart

253
KSU has broken 70.50 and has a trgt swing of 78 if it can close over the broken resist for 3 days

252
since 4775 KSS today, they are not letting it up for air, last kohls 4710

233
TLT and ES SPX 3min are both moving higher, watching the inconsistancy....the 3min is intraday so it's diff,,,but swings/long-term,,TLT usually wins the battle over SPY SPX IWM,, as Bond traders are the smartest of all....something to watch

146
OIL short here 102.78 could work, 35.69 SCO 2x

144
FOR SWING,,small caps ideas, all long ideas but not ready yet,,needs either a PB or breakout over resist:  PHM  KSU  BPFH  RIC  PTX  ACHN  JVA 

135
> approx KSS trgts: 44, 42, to start,,,then 30ish

 i plan to use Jan and Apr PUTS for KSS
 
128
SHORT idea: short KSS on a bounce, not ready yet , swing,,could fall hard

1:20 PM
TMF in  add zone here at 66.26, or TLT 118.20, could work for both quick trade and swing

* 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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