Friday thoughts

400
interesting that IBM made a high today over yesterdays high, tho it didnt hold the gain. dow which ibm is a compon of, did not make the high. dow is heavily weighted by ibm, currently IBM is the heaviest weighted component

350
Investment banks have parked prices of many stocks, and bonds, in no mans land, so one could just wait for extreme movement later and then take swing or scalp positions

349
not suggesting that i trade the news, just throwing out the data points

348
investment bank reports indicate that smart money took no positions today based on news, however a 3day analysis of activity is slightly bullish for stocks, and more bearish for treasuries, based on report data that i've collected

 market makers continue in trade mode, hedged both ways

340
and oil has moved up, but not reached trgt, so still holding that

340
if i didnt already have silver swing AGQ, i'd buy it here, but i will not add to it, not far enough away from my purchase price to make sense

slv and agq today are down a little, red candle, but very low volume on them after higher volume days before.

251
on these dull days, it's often beneficial to wait until 3:45--400pm to see what happens, and then sometimes a swing entry will reveal itself at the close, for swings not daytrades obviously

201
daily and 60min charts still in uptrend, no lower lows yet, though a possible lower high might be forming now

1245
oil just revisited its target for a second time, is likely on way to next higher target now

1219
watching to see if tna stays over 5870 on pb

1216
hit 5921. watching reaction. pb would be ok

1212
TNA 59.21 would probably give 74% , then TNA may hit its trgt posted 930am-ish

1207
72% signal starting to manifest a little here, watching what happens

1155
if AGQ silver stays over 50 for next 2 hours, i might add more

1154
IWM just rang 72% intraday up bias, possible pop higher, intraday signal only not swing signal
: at 8250 iwm, 1409 es
 its not at 74 or 78% tho

1147
60min and daily iwm are bullish still to me, those are what i use for swings

1135
spy down red 0.3% while IWM up green 0.2%, small but its there and maybe useful intraday

1108
oil is now at its first trgt, but not taking it off here, holding it (target posted 10:23 this morn)

1104
uy: fwiw, something is "not right" with spy and es levels, and market maker investment bank levels, they usually are better correlated than this, a bit unusual tho not unheard of.

often, that means a sudden move out of nowhere, intraday,

1055
silver may not make its move to its trgt today, might need to wait longer, looking at 15min 60min and daily charts on it

1052
es at resist now intraday mini 1412. may pb lower then revisit 1412 then break it for 1420 trgt. if it pulls back, i might add to TNA position, unsure. the "pullback setup" could take an hour or more to go lower first, then sideways, if it occurs. Alt is that it simply breaks over 1412 or below 1408 instead

1048
IWM a bit stronger than SPY this morn

1039
*1420 not 1416, typo
That was also the level posted yest before 1pm as a target, which was hit before.

1037
Market Maker / Investment Banks sell level intraday is currently at 1416 ES, which just happens to coincide with the 1:00 PM high from yesterday

1409 last es

1023
oil UCO looks good thought its susceptible to a move lower first, until it gets over 2670 ,,last 2640

953
AGQ lim order to sell at 52.70 for now, actively trading both the tna and agq,,,other stocks in port holding longer,,,AGQ moves with gold but not 1:1

949
TNA quick profit target is 59.70. Limit order to sell there.

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".