Friday thoughts

[15:59:58] 9 points profit on second half of ES scalp, 5 points on first half


[15:52:05] MIND up 4.4% today, could still go 20-40% higher for swing holds

[15:41:52] still think aapl sees 578+, holding it for now, swing
[15:39:19] compare XLU daily chart to spy, next pullback in XLU etf i may go long (not today)

[14:44:09] another 2-3points-ish would have spy testing its prior daily highs

[14:41:06] ES scalp hit first trgt 5 points, makes sense to take off half if scalping from earlier, keep other half

[13:20:21] AAPL not participating in this bounce, conversely MIND up 2% today, SSYS up 3.3%, GDX flat

[12:58:47] TLT just made a lower low on the 3min chart, spx did not, so far the pattern mentioned below is starting to morph as expected, tho of course it could always change
[12:58:58] but atm, TLT is continuing lower, spx has started reversal higher
[12:59:23] look at candles from 1236pm on the 3min charts of spy and tlt side by side

[12:51:09] of course, that relationship does not always work, but imo those are the stats. there are a lot of "misalignments" today in the stats

[12:49:45] it is a little unusual to see TLT and SPY moving in the same direction on the 3minute and 15minute charts. Usually TLT wins this battle over SPX, meaning that the TLT trend will continue and the SPX trend may reverse. for today, that would suggest lower TLT and higher SPX into the 4pm hour

[12:06:02] es still at 72% long scalp signal, to hold scalps , no change in it yet

[11:12:21] if ES doesnt get over 1333 in next 27minutes, the signal will prob drop back to 70 or 68%, or may change to short

[11:10:15] 72% es signal rang, up from 70% long scalp intraday

[10:31:18] so far todays range is small, small daily candle on spy

[10:23:39] may take gdx another 1-3 days to move, we should know by then its status,,imo dips are buyable in that timeframe gdx nugt

[10:14:30] ES missed the 4 point trgt scalp, only got to 3 pts, conserv would exit, agressive would interpret the miss to mean it will overshoot the orig trgt if it gets back up there

[10:12:14] aapl needs a 15min candle close over 574 to get any upside traction tho, 572ish last

[10:08:40] TLT now in the re-shortable area 127ish, tho i'm waiting to add again
[10:08:50] could use TBT or TMV long to short tlt

[10:06:16] aapl 60min chart suggests bounce imo, 578--582

[10:02:55] es scalp trgt 1 is 4 points, maybe more if resist breaks

[09:58:38] 70% es long scalp signal just rang, es 1328

[09:51:34] still have this GDX n NUGT,,,if gdx breaks over 4755 then 4870 and 4950 trgts, and the 4870 could break higher on the first try without much pb
[09:53:40] that would put GDX at about 1% and 5% higher, NUGT 3% and 15% higher, for NUGT trgt 21%ish gain if hit


[09:48:12] over 1343ish spx imo is where the shorts would get squeezed harder
[09:48:24] same area as yest spx pivot
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".