Wednesday, October 17, 2012

wedn thoughts

354
i think 1445 spx will be bought on first trip down there, if it decides to move lower b4 higher

351
swing,,still have 25% of entire port in UPRO for now, long spx

128
looks like silver wants another higher hi intraday

119
ES still on 72% long scalpl, may hit 74% in next few minutes,watching

111
oil close to 72% scalp long signal

105
long upro at es 1456,,,may exit the UPRO today

1155
obviously this is an easy spot to see to take partial profit on silver, simple resist not complex, testing high from 2 days ago simple resist

1153
also market makers support is at 85.50 intraday level so it has a good chance of going there at least lower

1151
still think higher CAT, but taking the gift. not much profit but 1% gain better than 3% loss,,,CAT should go up another 1% but not worth risk imo for now,,,will regroup on it later, maybe. money better spent in oil and silver now imo

1142
watching CAT here, and might exit it and re-evaluate it, for a small profit 1% or breakeven,,,it was red 3% so may take the gift here to exit,,,but waiting for now

1130
silver breaking higher, new intraday hi just made

1116
72% rang, long es bias, "up here" at 1454,intraday signal

1015
CAT has now moved to breakeven point after having been down 2-3%, but i am electing to keep hold the  position instead of "escaping" exit now

1010
1452 and 1456 targets have been hit :) .... reaction here should give clues as to whether 1464 is next


1000
 ES array is same as yest noon post: 1452 ES trgt, . If the 1452 breaks higher, then next trgt 1456, 1464, 1468, 1488 ... for swings i remain long and will continue to wait to short this market

949
TLT hit its lower trgt 121 this morning. nice move up for TMV as a result.
On sidelines now watching TLT, to see if a long or short opp presents.
Still see lower TLT later, but waiting for now since it can bounce. but also not wantint to trade the bounce long just yet if at all via TMF.

938
bought agq, long silver

927
watching to see if oil futures can get over 94.00 or better yet 94.30. not sure if it happens today or not, but charts are suggesting a possible breakout over this important resistance level. last oil still only at 92.40 so watching to see what it does.   will be observing action in oil futures /CL   and etfs USO  UCO

For now, i remain long oil via UCO, at about 7% gain now, but looking for 15-30% gains later.

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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