Thursday thoughts

[16:04:17] there is a candle pattern name for today's spy, its a bearish meeting line, which is "less bearish" than the more reliable dark cloud cover
[16:04:31] HOWEVER, it is a REVERSAL pattern, meaning a change from bull to bear
[16:04:52] 2 days of green candles often is not "enough" for a trend using candle patterns
[16:04:58] they work better with more candles,

[14:42:54] 72% es long scalp signal

210
spy candle is red, but an spx close over 1311 is still not deep into yesterdays candle and that will often cause problems for shorts

144
FRX broke over resist to new multimonth highs today, above the rectangel...is it a false breakout? we will know in coming days

[13:38:50] exited UTIW with 1%ish loss, small starter position that never got added to, still see higher utiw but i'm out cuz of its massive move today higher after a post earning rept low

[13:19:10] 70% ES long alert rang, scalp intraday only,,,es may pullback b4 72% is hit

[13:11:37] poss 60min bull flag in frx

[13:10:51] FRX 15min dbl bot, daily uptrrend


[13:08:51] went long FRX


[12:34:52] UTIW dug itself out of the hole, conserv traders would exit here this swing with a 1.5% loss and try to buy later,,,i will hold it in both small and large ports, since the position is small and it looks higher in coming days weeks to enter the profit zone


[12:35:18] rallied from 1380 low to 1550+, last 1540ish


[12:31:28] long here ALTR, actively trading if it moves up to scalp, else swing

[12:16:42] nugt near 1247 trgt, tryoing for 1277 on small port if able,,,watching carefully and actively trading the large port

[12:11:34] out of wmt, 3 cent loss,, i may regret exiting WMT but it was early entry and did not act as expected, it may try another 1% higher b4 lower

[12:08:44] this coming move lower on ES may be bought, i will likely exit WMT and look to re-enter, still waiting for now

1155
[11:55:04] large port could take 25-50% of share on nugt off for quik 2.2% gain,,,small port holding

[11:52:18] nugt hit 1193 trgger, watching for 1247 next

[11:50:57] conserv traders on WMT would exit here breakeven and look for better entry point, for now i remain in WMT tho

[11:45:07] if nugt hits 1192, then 1247 intaday trgt

[11:42:10] if WMT cannot make a lower low on the 3 and or 15min charts, likely to exit it and try again, actively trading it for now

so positions i trade actiuvely,, other i just let sit n bake

[11:40:46] may 24 support test gdx

[11:39:37] theres a bull diverg on 3min GDX so trying to trade it actively here, it is early, its also at support on daily else i'd wait,,,but trying, see what happns


[11:36:28] added more nugt to give enough shares to scalp,first entry was starter only, entry 2 of poss 4
[11:36:43] added on small port also,

[11:25:04] NUGT is v volatile, size accordingly

[11:24:07] long NUGT here, just entered, starter positino may add later, will also actively trade NUGT and take profits today if it moves, looks set for intraday bounce, then pullback

[10:10:06] WMT short is 4 to 12 hours early per the daily and 60min charts, but want some exposure to it, may add more later

[10:08:01] Market maker reports on WMT, for swings, suggests they are holding up price but shorting into it, when they pull the bid it shyould drop nicely, may take some days to move

[10:02:48] WMT combo swing and scalp short,,,still holding longs in other stocks, long and short both, but the charts on them look much diff

[10:00:34] SHORTED new pos in WMT

[09:50:10] cotton should move 10-15% higher imo

[09:37:04] out of stx from 2216 here at 2369, is not up with the ES so will look to reenter later
 [09:37:54] only 6.9% gain, still see the higher targets on STX seagate, but not happy that its not participating in this pop on ES so will look to active trade it and buy again later

[09:28:49] es is trying for that 1333-1335, i'm not shorting even there if it gets there b4 10AM, too tricky on high vol open if it decides to break it higher (i dont think it will do that, but imo not worht risk)

[09:10:21] often averaging UP actually makes more $$$ than trying avg down


[09:09:10] my small position on UTIW is getting hit this morn,,,happens when u hold swings thru earnings, still think UTIW higher in coming days weeks, tho i am NOT adding to it or averaging down, at least not yet


[09:05:46] 1333ish ES intraday i may short the simple resist, for scalp only to start, if when it gets up there
 [09:06:13] however imo, if ES does get to 1335 ES, after a pullback it will break over 1335 later


[09:03:01] TLT shorts should do well, on a bounce, swings, via long tbt or tmv 3x imo
 [09:03:15] tlt short may outperform spx longs,,will have a mix of both

[08:57:15] cotton futures are flying high, up 5%, trying to break this viscious daily downtrend its been in
847
[08:47:25] looking for re-entries into TLT shorts, via tbt or tmv, possibly today, hoping for a bounce, should get one

840
TNA up nicely and close to yesterdays posted targets. taking profits pre-market or at the open makes sense, since I have other long positions in both small and large ports. If i didnt have other longs i might hold the TNA longer.

TNA at 17% profit gain from Monday posted entry.


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".