Monday, May 21, 2012
Monday thoughts
402
gap analysis: poss gap down in treasuries tomorrow, TLT
358
added TMV, swing
355
swing TLT shorts here at the close,or now, could work imo,,,or alt long TBT or TMV,,,,if using TLT its vol is also high enough to do afterhours, TMV is not, TBT often decent AH
354
UTIW and SPX: their charts look similar for the last month, but a 3 month chart shows UTIW stronger than SPX SPY, hence the entry long there earlier today, up 2% but still see 9-12% higher on it for swing trgt. Also UTIW has a "reason" to hit its target, namely the mar 22 and mar 23 candles, and prior earnings
333
a TLT close under 124.15 may be "good enough", tho the under 123.75 still preferred
312
Watching to see if TLT closes under 123.75,,,have been watching for TLT to weaken in the 3--4pm timeframe last few days,,,thus far it has not weakened, a weak 3-4pm close on TLT often suggests a top in TLT if it is near resist (which it is the last few days),,,and often results in lower TLT and higher SPX in following days. In this case I also believe that Gold will go higher along with spx on a weak TLT close.
301
I still see higher slv and gold, but took quick profit on silver, am still exposed to gold via DGP swing
301
Took profits on silver SLV
255
Market maker reports suggest imo thyat they are still buying slv, for higher slv today and coming days
124
signal intraday 74% silver long just rang, last slv 2748
1225
added to cotton long via BAL, 47.47
1216
Previously I was long TLT, TMF from TLT 112ish on march 14 posted entry, rode for 21% higher on TMF, then reversed short via TMV initial entry swing
1216
TLT is also setting up an intraday short, but i'm not shorting it just yet. Can do TLT short, TBT long, or TMV long. Already have TMV long, may use TBT for some shorter term trades, no entry yet.
1204
SLV moving nice now. 2786 trgt, lim order up there to sell if able/.
1203
74% long buy signal, intraday on slv, 2744
1156
imo, market maker reports suggest they are buying silver, see higher slv intradayt
1155
UTIW trgt 1750--1800
1154
long UTIW, swing, 15.62
1136
added more SLV, same area, 2742
1111
27.41 long SLV. will take profits today if it moves , else swing hold
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".
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