Thursday thoughts

242
if short from 1397, makes sense to tighten stop on second half remaining, 1386 last es, or take profits here, or stop at 1387/89

214
whipsaw action in cotton futures as it nears its end of day
huge volume in cotton here

208
ES making marginally lower lows intraday, typical of wedges 15min charts


159
went long MIND ,,,its a bit early but at support, so trying this again, have traded it b4 a few timnes

154
re-shorted WMT swing, downside wont be as large as first one but looks to retest the lows,daily chart

147
i think that MIND will do what VHC has done, later

143
 VHC is up 17% today, not a typo

108
cotton CT may try a bounce higher now

107
watching corn and cotton futures from now till 2pm, 230pm, impt time for those futures

106
IBM still swing shortable here imo

105
ES didnt even make the 1394 bounce trgt, v weak, at least so far

104
ES still in the 15min falling wedge


1242
[12:41:47] INTC put could work here imo
[12:41:58] *puts options, tho shorting the underlying still better imo


1237
15min ES looks like forming a falling wedge, that needs lower b4 signif bounce, bear while under 1394/96 imo

1233
[12:32:41] out of FLIR long
[12:32:56] only 1% gain, but i dont trust that it can continue to resist ES weakness
[12:33:00] may buy bak later

1222
FLIR long is holding up ok, up 1.4% from yest close despite ES down  0.4%, but might exit FLIR today in small port, all of it

1218
took the 3.5% gain here on SCO on small port, still see lower but oil may try to rally intraday, out for now 100% on small port,,,that position was red 1-2% before turing around

1210
IF gold futures up to 1645, and a pb to a higher low, and i will likely buy GLD or similar, may take awhile to form,,,if it bases long enough, may enter early, but on sideliness still for now

under 1645 gold bearish still imo, until further basing

1205
[12:04:36] if ES gets to 1383 today, it will likely break the 1380 in coming days, after poss bounce
[12:04:43] 1383 is "too low" imo


1157
INTC is FINALLY showing a little weakness lol,,,other day someone asked about bear engulf cande,,,,,if INTC closed like this or lower, it would be a bear engulf

1155
  1397 scalps makes sense to take off half here if short from 1397, at 1392 last
[11:55:28] and under 1394 bearish on other half

1149
[11:49:38] 70% effect here, should move lower, then stall bounce to 1394,,if unable to get back over 1394, bearish intraday
[11:49:51] not done with down yet tho, on 3min

400
[15:59:45] a look at daily ES: we possibly have a lowre high forming now
[15:59:54] from mar 26
[16:00:09] to be followed by a break of 1350 for a lower low

357
[15:56:53] usually,not always (legalese :) ) the 60min needs sideways for 4-12 hours on spy to base, b4 a valid long presents
[15:57:10] after a big move like this

355
[15:54:50] SPY spx charts daily and 60min suggest short any rally tomorrow (not necesarily right at open),,,then another move lower on 60min,,,then SPY will turn sideways / bounce bias for 1-3 days,,,if the current candle count and velocity remain konstant
[15:55:14] 60 min says "short rally, unfinished on downside" imo

349
[15:48:48] gold is following the pattern, for now,,,still waiting until tomorrow,,,if it gaps up, oh well, will re-eval,,,on sidelines now,,,au nem nugt, one more low poss if gold decides to move lower
[15:49:02] but for now, gold looks to be basing bullishly,for swing

314
[15:14:05] over 1389, es may try to rally
[15:14:17] still swing bearish imo

308
[15:07:09] currently considering the following for poss long swings, but not today, mayb tomorrow: BRY ABMD FRX

[15:08:09] their charts are diff than spx spy

1136253
[14:52:51] 64% long ES scalp signal just rang, not actionable but tighten stops from 11:30AM short from 1397 makes sense, esp now, imo
[14:53:01] 1385.75 last


70%

1133
if 1395.50 es breaks, could take a trip back to the lows or lower

1132
agressive could short ES here, if willing to have either a tite stop and stopout/re-enter,,OR willing to use a wider stop and poss add later, 1397

1129
68% ES sell signal intraday, fwiw, i'm not taking action on it, this is a bit early in the day to get to 68% tho, usually takes longer, could prove to be bearish later in day, and poss short rally opp will present, on sidelines watching reactinos for now, since short in other individ stocks swing already, tho the 68% is an intraday signal not swing sig

1105
sco 3650 trgt, but if it hits 3597 today i'll take gains in the small port, last 3529

1053
[10:52:56] i still have flir,,, i plan to keep it until the 60min chart starts looking tired, 23 and 24ish trgts, i might actively trade it (buy sell a lot)
[10:53:33] if FLIR tests 2260 i think it will stall, but if it can get there, i think it will break higher later

1032
conservative small ports might make sense to take profit here on sco, its only at 2.5% profit, but it was red 1% b4 it turned green, tho for now i'm trying to hold it in the small port

1024
ibm looks breakable lower

1024
watching IBM and other dow stocks with high price tags, for break of 60min horiz support, should give clues to direction of DOW, DIA, DXD, DDM etc, as the dow is weighted by stock price not by mkt cap

10114
large port taking some SCO off here, 2.64% gain after being red for a day or so, small port holding for now, oil shorts

oil near its 103 trgt, so took some off large port

1007
considering action in the us dollary (part of reason why oil is lower today), the agricul sector is doing "ok", dba corn bal etfs, futures /zc  /ct

1004
PCLN still swing shortabel, for aggressive, cautioun they have earnings May 9, i intend to hold thru earnings unless a big move lower made b4 then, which it might,,,sized accordingly

954
60min USO as well as oil futures charts sugggest holding the oil shorts all day, maybe longer, UNLESS it makes another big move down, to 103, 102ish, or approaching 3% lower than yest close

938
oil hit trgt 2, 10375,, still holding for lower 2 trgts, short via sco

927
[09:27:05] for holds 3 weeks, 3 months, and 6 months, longs in small cap stocks in $10-25 do very well, regardless of whether SPX and IWM are bearish or bullish
[09:27:37] they give 5-40% but require patience, as the moves come fast and sometimes take longer than expected

922
oil on the move lower, having broken 104.50 trgt, next 103.75,  103ish, 101.50ish, holding shorts for now

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