Wednesday, May 9, 2012

Wedn thoughts


342
llooks like aapl up into the close, broke 3min chart resist

337
short term, aapl looks better long overnite than spy imo

336
a close over 1350 ES would suggest that a move up has started, and still has more to go, unfinished, then later a short opp


336
imo, more upside for spx in coming hours days, before lower


254
62.49 ABT trgt 1, will take off small port there if able

252
Last 2 daily TLT candles look bearish

204
[14:04:17] i would wait for next bounce on 3min up, b4 short daytrades on ES, imo
 [14:04:35] 15min chart may want to hang around up here a bit


202
AAPL is pushing against resist here, marginal breaks higher on it dont mean much, BUT fact that there was not a quick rejection, and the 15 and 60m charts suggest aapl may break higher

158
ES could breakj higher tho it is at resist, respecting resist here, saving last 25% of scalp for higher,,,there are certain individ stocks whose charts say hold longer, those stocks might cause ES to move sideways as the stock goes higher, or they could push ES over its resist,,,watching reactions

155
 ES at trgt 3, 1360, still 1 more trgt higher for scalp from this morn from 1340

1159
poss bull morn star modifeied, 3 day pattern with today day two, on GLD dgp, if it gaps higher tomorrow that would be day 3,, the gold candles are larger than normal for the morn star, but still "good enough" imo,,,usually they are more like spinning tops on this pattern


1147
MIND has the bull piercing candle daily now, and may even go for the more bullish engulfing

1141
AAPL now testing 2 day high resist, looks breakable higher after poss stall

1113
[11:13:20] 1352, trgt 2 for scalps from 1340, for 12 points,, still have 2 more higher trgts
[11:13:27] last 1353


1046
active traders might be able to buy back at 1343

1046
1348 es from 1340, ES is at 8 point scalp trgt 1, large port, small ports may also consider taking off half or tight stop

1044
watching to see if MIND can put in a bull piercing line daily candle pattern today (opp of bear dark cloud cover),,looks possible atm


1041
TLT still looks shortablle, swing, or TMV 3x long

1037
still see a 10--30% move in MIND, swing long, still buyable now


1032
large ports or aggressive could scale in long here ES 1340, but its early entry

1030
ES on a 60% buy long intraday scalp signal, too early for action imo, but downside may stall here and start to base, watching reactions at 1339 es

1013
compare ABT to SPY, from Feb till now, decent hold time from hours to weeks on ABT

1006
[10:05:25] thats one reason i'm trading aapl long, for a trip back up to its earnings move higher
[10:05:34] longer term,,,bearish aapl, multiweek months


1003
a great way to play earnings is AFTER the annnouncement,,,sometimes it takes 1-4 weeks for the trade to setup, but wait for price after earnings to move AWAY from the price, then trade the stock for a trip BACK to the day after earnings level. So if DOWN on earnings, wait for rally, then SHORT for a return back to post earn low,,,,it works v well that strategy

stocks have a strong tendency to re-test the earnings reaction, it just takes time to setup

955
i wont keep posting all the large port scale in/out,,,,just small port ones,,,keep scalping 0.3%--2% profit trgts on ABT

954
large port, bought back ABT shares sold few min ago, ,,,smallport still holding

952
large port, abt already hit scalp trgt 1,,,smalll port, holding longer

945
daily chart of ABT is impressive, imo, abbot labs

944
went long ABT, enough shares to both scalp and swing, small port


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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