Thursday, August 30, 2012

thurs thoughts



[15:36:19] MM lowered buy level back down, same sell level,,could drop or drift up

[15:32:26] hit the 1402 trgt

[15:27:49] MM have raised the buy level,,, ES can get the 1405 if they keep it here

[15:24:26] conversely MM not buying, with level near low of day atm

[15:23:01] 141.10ish spy level

[15:22:04] MM stopped selling,,,testing mkt now,,,with sell levels above high of day again, at 1400 es

[15:14:21] theres a poss bear HS on ES 60min chart
[15:14:34] but the daily chart, one could conversely see a bull flag
[15:14:42] or coil


[15:03:45] mild MM selling rite here, nothing extreme,,,but selling a lil into this lil pop

 [14:52:40] intraday Market Maker sell level has moved above todays high of day in SPY, fwiw
[14:52:58] may lower it,,,until lower upside bias.....tho the bid is far away so they r not buying here



[14:50:21] 1404.50 is trgt if it hits 78%,,, 1402 is the 74% trgt

[14:28:16] institutional #s for TLT interest are 123 and 129

[14:25:18]  1402 es intraday resist,,using breakdown level (prior supp) as welll as prior high,,gives same #

[14:14:14] still waiting on GDX NUGT reentry

[13:34:11] 70% long bias rang, ES 1398
[10:34:52] exited CHRW short,,will re-eval entry later, small profit breakeven,,,

[09:44:22] GDX NUGT charts still looking good, following expectations,,tho i have no position in them yet,,,still waiting to re-enter,,,,would like to see a move up and then down on the 15min chart at least, and pref on the 60min chart,,,,one more daily low is possible imo,,,such lower low would not invalidate bullish outlook on gdex nugt for swing

GDX is volatile and has a "habit" of making large candle moves on the 60min chart,,tho we have not seen that recently i'm being cautious of poss large candle down,,,such large red candle could be a buying opp

[09:37:41] theres the ES move under 1405 but not under 1399 mentioned yest,,,a poss buy signal will set up if 1399 holds and es gets back over 1405


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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