Friday thoughts

357
i will exit the SLV i bought today b4 close, for v small profit 1/2%ish, still see higher slv but i have gold dgp already as a swing, else would keep the slv

319
took off half large port SLV at its first trgt here, still see higher, but not liking that MM not chasing, so taking profit b4 it disappears, small port i'm waiting for now,holding

303
2780 and 2793 daily slv trgts into the close today, maybe higher but a sluggish day thus far

300
SLV charts still same, mkt maker reports no change either

255
we wont necessarily get one today, but explosive moves often come after such narrow range, could see silver and gold make a larger move in coming hours days

254
SLV is taking its time, but at least its hanging out at the daily highs on this narrow range day

148
slv hit 2769, one cent below before revised 2770 trgt from 930am, but giving it some time here to try for the revise 2779,large port, small port still will wait too

147
MM are NOT chasing SLV or gold now tho, so a pullback if it hits slv 2770--2785 is possible,,unless they change tactics, current reports suggest imo that they will sell near the trgt areas, but only to buy lower, they may try to push SLV all the way back to 27.20


145
SLV: hidden trgt of 27.85 imo more impt than more clearly visible 28.02 and 28.09 prior highs, based on Market Maker reports,, MM reports suggest that if 27.85 is hit, then over 28.10 to new highs possible

140
SSYS targets swing, in time: 52.00, 55.00, 61.00, last SSYS 49.02

140
long SSYS, small positino, starter position only, warning: this is a VOLATILE stock


128
large port revised trgt up a bit from 2770 to 2779 to sell a piece if it gets there, small port i'll hold longer

126
big move in slv 3min chart, watching if it can sustain or not, should hit its first trgt, unsure of higher trgts, watching reactions


124
is silver waking up? watching to see if it can hit targets or not


113
60min chart timing analysis imo suggests sideways to up bias next 1-4 trading hours; doesnt mean it cannot go lower first but think it will bounce.

112
moderate bullish diverg are forming on the 3min ES and spy charts, not seen clearly on the rsi or macd, but stoch forming a higher low vs equiv price low, and 15min suggests the bull diverg may need more time to form, poss lower first, there is a bear desc triangle on 3min but that triangle doesnt correlate with the 15 and 60min charts imo, so weakens the triangle validity. still see a bounce poss, but its early entry longside still.

1254
[12:54:21] 72%
[12:54:26] ES may move now, scalps, higher

1246
[12:46:06] an alternative to using options, is to buy small positions of small cap stocks $5-$20 per share, at least the stock never expires, and buying small positions limits risk. even a small position could be profitable if it moves 10-40%, which those stocks can do. So for example instead of buying $1,000 in options, buy $3,000 of small cap. Not a set formula, example only, actual dollars invested depends on volatility of the small cap stock as measured by its stock beta (diff than options beta), bollinger band width on daily charts, and other volatility measures, as compared to SPY

1228
yest similar tna setup, tna moved lower b4 going up $1 ish from entry

1228
or 4850 tna

1228
half size early entry es long coulr work here 1318, if willing to endure poss lower b4 higher,

1225
heres the 3min pullback mentioned earlier on es, pattern still forming

1145
SLV long scalp 71% rang, trgt 1 = 2770, last 2750

1143
next move lower, then stall, then some green candles, on 3min charts would present a long scalp opp, if the pattern forms

1143
ES buy scalp signal is at 67%, so may chop a bit here lower, but expecting it to pop over 70--74% later

1036
[10:36:07] tbt here 1655 long could work, i'm not entering since already have tmv related
[10:36:32] good imo for either scalp or swing


1015
went long SLV, may add more later

1013
looking to buy SLV long, will take profits today if it moves, no entry yet, may enter in next 1--120 minutes
Trades can be viewed at the links below.


http://www.marketwatch.com/game/christopherstockguy-public-1/portfolio/Holdings
http://www.marketwatch.com/game/christopherstockguy-public-1


For details on the portfolio see this posting:
http://christopherstockguy.blogspot.com/2012/04/link-to-trading-portfolio-of-posted.html

* 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".