wedn thoughts

439
nice bear shoot star on ANN today, daily candle, needs confirmation with a daily close under todays low

431
i'll be looking to buy back longs again later,,, same ones as b4,,,  BIIB  VTNC  VHC  MIND   ABMD  UTIW

428
if bulls can hold 1370 ES, they may be able to mount another rally higher above 1390

427
137.82 new trgt on half of spy short, spy 138.11 on other half for now

408
if holding 1385 es shorts, taking off half here 1379 make sense, hold more for break of support to new lows

400
took off ANN short at the close, from entry today, 1.5% gain

but only half size on ANN 1.5%,,,other 1/4 0.65% and other 1/4 0.65%a


359
holding the spy to close afterhours, for further down,

353
spy 138.11 lim cover order if able

3412
back to feb 21 SPY daily, also a bear HS forming

336
 SPY bear flag, 60min, from monday april 3
 coupoled with multiweek swing short, seems worth the risk

309
SPY 139.00 shorted, using spy not spxu 3x because of its high volume afterhours, may close by 4pm or aftehours tonite

255
on 60min and daily charts, ES still in the bear resist zone,,,imo bearish until it breaks it higher

209
would like to see 3107 slv today

204
60 min SLV has no price:rsi diverg, but it has a macd signal line and macd hist bull diverg

159
15m and 60m slv both have bull harami reversal higher candles, with a confirmation on the 15min chart

159
slv 15min in a downtrend, but looks breakable higher

157
stops on slv could be at 30.17,    30.03,     29..87,,, for now i'm giving it some breathing room, no set stop, and may add if it moves lower

157
long again SLV 30.57, early entry semi aggressive, but under the 3075 where i sold it from b4

143
second half, higher stop

143
stop .42 again on ANN here to protect profits, on half position,,,,double dipped shorted b4

101
heres the 4th candle on es, watching if its red or not

1250
3min es pattern still continuing, next 4 candles bear bias

1235
ANN 3min for short scalp pos suggesting it may try to bounce, if ES were suggesting same then i'd cover the ANN here (scalp not swing), but ES suggesting lower so waiting on the ANN for now

1220
its 12:20pm and 3min chart is still following that pattern, we should now see lower ES if this pattern continues, intraday

1215
for shorts in ANN downside trgt i'm trying for 2892 ,,,the 2892 is a stop loss area if long, one reason i'm targeting it as a spot to cover shorts,, of course may need to cover before it gets there,,, the options puts trgt for ANN is lower, that target is for the short on the underlying

1212
for now, 3min charts are behaving, watching to see if it continues or not

1212
ES 3min charts moving according to the pattern, if the pattern holds, it should now do sideways with a lower bias starting, into 1220pm, then lower after that

1153
ANN still shortable swing scalp imo, 2970 last

1150
ES "should" give about 10 candles on the 3min chart, of side up bias, temp only,,,failure to do so would be v bearish,, so the 12:20pm time frame will be interesting to see where it is, what its done

1147
heres 138150 es test,,,under 1381-83 bearish intraday imo,,,watching to see if it can climb over it or not

1135
this looks bad for es,,,watching 1378 still,,will likely stall there but if that breaks lower,,,uh oh

1132
at ann 2960

1132
reshorted the half of ANN took profit on, see below 2840

1128
Market Maker reports on ANN suggest 2940 impt, that institution are selling but MM may need to push ANN higher first to recoup, unsure, but ANN "should" go much lower than 2940 later

1122
taking off half makes sense, that like a 9 point move in es

1120
if ANN can sty under 2940ish, then 2920 next trgt, at 0.64% gain from scalp entry earlier,, taking off half makes sense, that like an 8 point move in es

1114
if short from es 1383.50, makes sense to take partial profits near 1378 for 5 points gain, and hold half in case it breaks, and watch reactions now for possible early exits as its moving lower here, mindful of poss bounces

1111
corn went all the way back down to support and held and is bounceing, cotton still up a little, this action should be good for DBA etf long

1110
bulls need to hold es 1376 else risk trip to 1360 ,,,still bearish bias imo, still under the resist zone, and 1376 looks breakable lower

1106
es at 74% now from 72%, scalp short signal

1055
ANN may need another 3-4 more days before it begins its "larger" expected descent lower

1046
ANN may get over 2975 first b4 lower, but this seems like a decent entry, will possibly scalp this and exit it today

1033
72% triggered

1012
if ES hits 1381.50, it will get a 72% sell signal intradya scalp on es

1009
fwiw, ERY is out performing tza spxu intradya, ery not near its lows, as they r

1006
would be partial position on 1383.50, with poss adding higher

1006
es short 1383.50 here stop 1388.25 stop could work for those that like stops and do not mind being stopped out and reentering, i'm not taking it since still hace ERY

951
it looks like a nice short setup may present on ES  SPX  IWM today, but needs time to bake, not formed yet

948
if SLV can get 5--10 smaller basing candles on 15min chart, may present an opp long in SLV   AGQ 2x silver

940
1382 ES resist test now, watching reaction for break over it, or trip back to 1378 and lower

935
DBA agricul etf still buyable at this price imo, swing, holding that longer

931
ANN has gapped lower almost 1% thi smorn

908
premarket here, took 3.5% profit on tza from yest, holding ERY longer but may sell that in the fist 5min--1hour of the open, depending.

850
Yest at 3:30pmish, my target for an overnite low of ES 1378 was posted. target achieved. 7:30 AM candle hit 1378.25, and is retesting this now. 1378 is now confirmed as an important #, if it holds we can expect a move higher toward 1386, 1389, 1400, 1414,, a break of 1378 gives 1373, 1365, 1360. There is a poss dbl bottom on ES 60min chart pointing to 1414 area, so remaining nimble and actively managing positinos makes sense. Being open minded here, bias is lower while we are under this resist zone, but also willing to look long per above possible situations.


* 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".