Tues thoughts

246
SLV did not hit 3260,,cancelling order to short, for now. may reconsider later.


147
i will short scalp silver via SLV if it hits 32.60, 32.52 last

126
.64 stop spy...hitting .62 but not stopped at .63

117
134.66 stop spy on half,,,again just manually trailing lower

113
stop spy 134.71 on half to protect profits

110
spy may stall or bounce here, tho move down rather heavy

109
5 more poitns lower to es scalp trgt 2,

102
still have half sco, manually trailing the stop to protect profits, not posting all stop updates here ,

1258
then 1335 es trgt lower

1256
1341 interim ES trgt on scalps

1255
134.01 limit cover trgt on SPY, if able

1215
took profit on half of oil shorts, good enough, can always reshort, still have half

1210
if oil moves up now on 3min chart i'll take profit on half, about 1.5%ish,, 3min needs to berak support or form wedge, else will bounce

1155
Here is the expected test on oil 101,,if it breaks, another 50cents to 1dollar lowe4r,, stall likely at support test,,,watching reactions ,,,to see if it makes sense to take some profit or wait

1151
15min ES chart suggests to wait for long entry, until a pb on 3min chart, intraday, imo,,,so tried a short at prior es resist on 60min chart

1149
oil could be in troubel,,,stil short

1145
shorted at 1345 es,,, 2--10 point trgt

1124
oil looks headed to 101 supp test,,if that breaks, it could fall another 50 cents to $1 fast, tho generally expect a stall or bounce at support

1124
MPWR could drop to 1680--1700,,,or go higher to 1757

1122
OIL has dropped back down, ES may follow it

1119
took off MPWR, half, here to lock some profits, for 2.3% profit from this morn,,,still see the higher 10% profit but trading it actively

1059
spx SPY 60min chart is on a "short rallys" setup, for next 4 hours imo

1056
still same es trgt #3==1335

1055
1344 aggress shorts could take 2 points here on half or all, with half better to hold for lower

1053
72%

1053
 a test of ES lows likely now, will be watching if it gets the test, if it makes a lower low, and how much lower the lower low is if it gets one

1043
tho the break of 1343 es today may foreshadow an expanded larger range on es today

1040
68% now at 1343

1037
at es 1344,,,ES intraday scalp sell signal now at 61%,,,it needs 72% min, and 78-85% to really move,,,but the 61% is giving warnings, or poss short rally setups

1032
60min HPQ has bear Head SHoulders, from Feb 1

1026
i'm not shorting es here, since have other positions, incl short oil

1026
es 1344 aggress short could work here, would need to be willing to exit at loss and reenter, or scale in wider stops

1023
bounce on the first test of 1343 would be normal, what's impt is how high the bounce is, for bears, imo

1013
oil is now at scalp trgt 1, about 60 cents move lower,,,other lower scalp trgt are lower than here, scaling out gradually, or setting tite stop on a piece here, makes sense,, SCO up 1% in 15 minutes since entry

1008
1343 support has broken es,,,bounces still shortable imo

1005
1343 es test here, or near here soon,,, a bounce may be shortable, if it holds,,,

957
shorted oil resist 101.70, using sco etf

954
in sco 3630 to short oil, may close sco position today

950
still waiting for NSC to rally up a little, to re-short it second time swing short, or maybe CHRW...NSC = play on transports sector

948
second swing trgt MPWR is 10.2%ish profit if hit

945
MPWR long jumped 1.6% in 10 minutes since entry, but holding it longer this time, for swing scalp combo

942
 MPWR it has a nice bull flag from Jan 16 that broke higher, after earnings, and pb a little since, for new highs expected after 1870 test

936
bought back MPWR, long swing, that i took profit on yesterday, for higher in coming hours days, sold at 17.50 yest, 16.89 last

930
OIL   GOLD  SILVER may all offer some nice trading opps, both scalp and swing, in addition to ES TF SPY QQQ etc

926
would set up a 1335 test lower next, if broken

925
over 1343, ES is not v bearish, but a break of 1343 to 1340 would set up bearishness imo

919
Yesterday I mentioned to look for a gap down this morn. ES now down 4 points, But ES futures are now near support, so watching reaction here. 1343 impt support area.

* 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".