Friday, September 28, 2012

Friday thoughts

344
imo longs here es 1433 for swings look good

318
TLT hit 124.36, just under 124.40 trgt to short, and has stalled,,,i'm not taking the additinoal short but watching tlt since have tmv swings

303
giving it time to see if weakness warning is headfake or not, since % still high

some weakness warnings now on es at 1435
remain in fas #2 for now tho

245
106.97 current FAS trgt

244
interesting market maker investment banking intraday reports:  SPX did NOT MAKE its posted market maker sell level, but XLF finanan FAS hit it exactly .... apparently the MM were not interested in waiting for spx after the financials hit their sell levels,,, one reason why i exited fas earlier today right near MM trgt

244
ES may bounce here now, 1435 last

220233
back in fas

for swings, TLT 60min chart has a nice bear diverg on it on price:rsi, shortable via tbt 2x or tmv 3x

220
i might take some TBT if TLT gets to 124.40

158
for now, ES remains firmly at 74% long bias, for same array,,,as long as ES is over 1434/33 it should remain valid

147
for swings, still see higher amd aa cat upro vtnc,,,, lower tlt, higher tmv 3x....vtnc has really made a huge move lately

141
RAISED lim order on fas to 180 from 107,,,
can always sell lower later

139
 hit 106.30 fas....trgt 1

126
106.27 still fas trgt 1 for today,,,but for now lim order remains higher at 107, from 104.13 entry

126
Market Maker reports: they are not buying here, but have their sell levels near 1448 spx....thats 1448 spx not es

may drift toward that trgt

125
notice the volume bar at 13:12 time....its a clue that that es may continue in the direction that it decides here

114
whichever way ES breaks here, may set tone direction for rest of day,,,in next few candles on 3min es,,,volume increasing a bit here

1259
of course, its already made a large move intraday, so array would be 1438,,1440, 1444

1259
may get another "move up" signal soon on ES,,,none yet but getting close

1235
xlf  fas already closed the gap, still see higher

1219
106.27 now not 106.00

1219
107.00 limi sell on FAS,,,but interim 106.00 trgt fas from 104.12 posted entry this morn, last 105.76,,,,will see what happens at 106 and may sell early, plenty of other long positions still if it moves higher,

1213
may stall here es 1436 on scalps,,,titer stop on half might make sense

1210
TLT has now moved below yesterdays close,having been green earlier in day

1209
xlf and fas,,,made new daily highs, ahead of spy spx,,,,as expected since they were a bit stronger

1207
broke the 1434 on first try,,,foreshadowed by the early 74% ring :)

1149
when 74% rings like that,,,under the resist 1434,,,if will often break thru the resist without stall,,,no guar of course, just generality

1147
74% rang, es 1432

1134
fas or upro could work here

1133
72% rang at 1431 es

1104
a test fo 1434 ES would likely trigger 72%, unsure

1104
es 1431,,,70% rang for es long bias intraday,,,its early and not in 74--85% range, could go lower still, but 70% suggests basing (aka sideways with up bias)

1053
watching next 4 candles on 3min chart
 today es is moving in 4-6 candle "trends"
 this curr candle, first one in the new mini intraday trends

(10:40:30 AM): notice how xlf is a bit stronger than spx today, why i took fas

957
took FAS long


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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