Monday, April 23, 2012

Monday thoughts


414
[16:13:52] techincially imo the 60min spx chart is on a sideways / lower bias , with limited upside if it comes,,but too risky for new spy short,

spx is close to setting up a quick swing trade long, but 60min chart suggests waiting 1-4 more trading hours (or until tomorrow)

357
out of half of BIIB in small port, small profit/breakeven after comm

340
strat change: took profits in small port in ABMD, may or may not hold BIIB half overnite, reduced exposure by exiting ABMD,,, 4% gain from entry this morn is a big move in 1 day,,,will look to buy ABMD back lower may be tomorrow

332
Huge green daily candle in ABMD

332
ES hit the 1363 intraday trigger, watching to see how close to 1370 it can get by 415pm, tho its late in day now


[15:22:30] UNG at 5.25% gain atm,,,larger ports would take some off here, i'm leaving it for now in small port,no action unless trgt hit today, UNG may gap higher tomorro

318
small port will exit half of BIIB long today and keep other half, since balanced with other positinos want to reduce exposure, no action yet in BIIBa

307
large port ABMD long from this morn, titening stops at 3.65% gain atm,,,smaller port letting it ride longer for now

301
ung nearing its trgt 1520 or 6%, may sell today at 358pm if its close to trgt


257
bears must push under 1358 intraday imo


254
if ES sees 1363,,will prob go over 65 toward 70

[14:53:48] thus far just a bull backtest on 3min charts ES imo, still over intradaya support

247
looking for opp to reshort CHRW transports, having take profit this morn, not ready yet, prob wont short until tomorrow or later

[14:40:16] over 1359 is bullish intraday es, imo
[14:40:32] scalp only not swing,,,1--12 week swing still on "stay short spx"
[14:40:51] not good spot to add shorts , or new ones here tho, imo


229
large port BIIB is at trgt for 25% shares, smaller port not at ttrgt and holding longer biib

219
 i'm still watchinhg 1362 reaction,,,impt intraday # imo,,,looks breakable higher
[14:19:49] 1370 ES might be shortable if it gets there

218
still see silver slv filling gap, and later 31,,32,,,33a

216
BIIB was bought at support today since its in uptrend from March 1,, es is at support too but its sideways from March 1 and downtrend from march 28...why imo BIIB better buy

211
I'll take off half BIIB longs if it gets to 126.70 ,,small port and larger port both

203
small port, took 1% daytrade gain on stx, being conservative, holding the other swings for now long and short

153
stx 15m and 60m charts have bull adams eve ,also bull asc triangle

137
it looks like ES still wants to try to dribble higher intraday here tho, last 3min pb was bouvht, still see 1362 impt # intradaya

1252
ES trying for inv HS on 15min charts

1240
ES starting to get sell short signals here,,,too weak to take actino imo,,,but i'm considering the 1362 trgt as hit, made 1361,, es still looks breakable higher

1227
es 1362 is new intraday resist, but not shortable imo, looks like wants higher, scalp

1223
1362 es key # imo,,,esp if it gets over it

1209
ABMD has managed to break over friday's high, should continue higher now

1205
the ES rose prematurely b4 the 10 candles, suggests poss test of the 1362 scalp trgt

1159
small port adding more stx here to give ebough shares to scalp it

 1148
ES next pb may present opp for long scalp too,,,but needs more time..maybe 5--10 or more candles on 3min charts

 1139
slv looks like it wants to break higher to fill gap, scalps swings there could work too tho i'm not scalping it, swing only

1362 still es mini trgt, failure to get that by 2pm would poss be v bearish for swings imo
[11:38:07] would suggest poss lower low intraday
[11:38:20] but atm, looks like it will try for 1362 higher


1133
If UNG can get to 15.20 i'll take 6-7% gains there, 100% all for small port, 25-50% for large port, and will look for poss reentry

1121
ANN is NOT participating in the ES rally here, ann she may be in troublea

1113
stx broke 2930, watchin for 2950 test, larger positions would take off some at 2950, smaller port would hold longer for 3100

1111
1362 es mini trgt, 1358 last

1109
IMGN up 1.5% from this morn entry, small port would hold it longer, larger positions would take 25-50% off

1107
stx trying to wake up but needs over 2930 to get 2950 and 3100 trgts, 2930 resist , last 2920a

1055
2950, 3100, and 3150 stx trgts, trying for 3100 if possible today

1048
agressive could scalp long here spy tna qqq etc but im not taking it, using individ stocks

1046
long STX 2908, to scalp if it moves today, or swing if not...
buying strength not weakness, diff strat on STX

1036
 aapl multiweek months short is at a 7%ish loss atm, still see 444 aapl later, not adding to the position here, this may take awhile to reach target, with stops along the way

1026
From Jan 1 charts to present, i'd rather be long BIIB than SPY, much diff charts

1026
 traded this one b4, exited awhile ago, now back in, long swing

1023
this UNG stuff is at 3% gain but the position is so small, not taking it off here,,,,strat on this UNG is diff,,,looking for 10-20% gain on it

1012
bakc in ABMD long 21.40,  traded this one b4, exited awhile ago, now back in, long swing

1006
SJM shorts are now at support, active swings would exit and reenter, passive swing would hold thru the chop,,,a

1005
long IMGN 12.17 for a trip bak up to 14 and 26, traded this one b4, exited awhile ago, now back in, long swing

1000
took 2.5% profit on CHRW transport shorts for now, will look to reenter,,,it did not meet its target but getting out for poss bounce, still short ANN

954
finally shorted trreasuries here via TMV 68.20, after being long several times in TLT  TMF, this is an early entry since Friday's post said to wait 1-3 days to short TLT,

940
took 7% profit in ERY bear shorts,,,will look to reenter,,,would hold longer but have shorts in ANN and CHRW still so remaing short in those stocksa

913
4% WMT profit taken pre-market.

907
Silver is also lower this morning, bad for remaining silver position in AGQ but holding that still for now swing,,,also will be looking to take profits this morn in shorts in CHRW  ANN and ERY, tho may let some of them ride a bit longer

906
simulator does not allow trading pre-mmarkte, so will just cover at market open WMT in sim, but real acct i closed them premarket

905
WMT down sharply this morn at 59.50--59.60, so took a quick profit on the WMT short from friday from 62.10


900
ES futures are down this morning, which is good for shorts.

Right now, have order to take profit in ERY 11.47 if able, might take it at a lower price in the first 5 to 60 minutes 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".

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