Wednesday, May 2, 2012

Wedn thoughts


259
74% es sell now, 1397.50

244252
thinking lower aapl, then one more bounce higher, if it goes like that, i'll add to the multimonth hold aapl short, entry 3,,,not yet, keeping with 2 entries for now,, may take days weeks to set up that third entry


[14:44:31] not shorting utx,,,maybe tomorrow CHRW short will give an opp, unsure
 [14:44:41] chrw=transports sector


238
cotton futures closed 2:30pm,,,put in a doji, neutral candle , but the 2pm action up on CT is encouragin if long

236
70% sell ES now

234
ES now shortable imo, 1398

233
out of K kellogg long, same reason, small 0.72% gain

228
a move higher in cotton at this timeframe, may be bullish for tomorrow if it holds near here


227
cotton futures caught a bid at this impt "cotton hour", popped higher

224
out of FRX breakeven,
want to reduce risk longside

216
oil has moved ower on decent volume, but has not broken support, but test on high vol could break it lower, watching, big 3min candles now

212
for oil, i think 60min needs more time b4 long, for swings, the 15min has bear topping tails on it, watching to see what it does

209
ES on a 70% buy, aggressive could scalp but i'm staying out

158
imo, oil still shortasble here, may even move nicely lower today, shortable at this price, via short USO or long SCO 33.90

148
ES is on a 60% buy scalp, not actionable here, just fwiw,,but suggests its early to short scalp

1258
FRX trgt 1 is 34.97

1246
If kellog K gets to 51.97 i will take profit and look to re-enter later

1245
long FRX,swing, or will close it sooner if it moves

1222
if chrw tranpsorts can get up near 63 area, might short it swing, last 6183

1130
oil now in the 104.50--105.00 support zone, testing,,,looking for break lower, may stall at 104.40ish

1125
imo, bearish while ES under 1399, swing/intraday


1053
long K, swing

1051
 long FLIR swing

1002
oil shorts, oil futures need to break 105 to get tractions lower, looks breakable tho stall on first try likely
959
BAL target for today is a modest 1% higher, swing targets 2%  4%  8% 14%

958
added BAL cotton longs here, swing, to supplement DBA, instead of adding more dba

948
ES is down 5-6 points this morn, which is good for multiple short positions. Keeping them all for now, no exits yet. Charts suggest holding them 4 hours--3 days longer, will see what they look like through the day and may take some off early.

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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