Thursday, January 3, 2013

Thurs thoughts

345
ES 1467 and 1488 are still the targets, nothing today has inflicted damage for the upper targets. Investment banks did not drop their bids heavilly today.

338
its "hard' to buy silver on this big huge selloff in silver, but imo for swings silver agq is going to 50. it hit its 47 trgt, then pulled back rather harshly

321
taking profits on short scalp here, early exit, will explain why later

312
Market makers not really dropping bids very much, why the selling is not intense, at least not yet,,, still same approx levels as posted below

240
market makers upro buy level still near 9385ish, they are not selling it hard, have not dropped the bids yet, so modest targets on first short entry, nothing too aggressive

232
halfway to lower upro target atm

147
will cover UPRO at 9300 if able

1234
ES 1458 mini breaking now,
94.60 upro first trgt lower


1224
watch for break under 1458 ES for further selling, needs to break that,,, market makers are currently buying there, when that breaks or they drop it, then price can go lower, not before

1223
may see some selling in next 2 hours, first dip likely be bought intraday

1213
still in this initial ES short, but upper targets on ES remain1467 and 1488, for the "real short" opp, also may buy the dips long for up to those levels, and close shorts on dip

1141
74% scalp short rang, es 1458.75

1126
72% short scalp signal rang, es 1459

1124
*9535

1124
UPRO sell level raised again to 94.35, so may see higher b4 lowr, but in short for now

1123
94.99 short upro just filled, watching reactions now to cover the short

1116
these are early short, intital entrys, trade mode, may move in and out of them quickly,,if filled...

1114
upro 9517 target raised, so waiting on the 9499 fill if able, wont chase while the target is moving up

1112
Considering IWM "at" the 87 short target posted yest, but waiting to short any iwm for now, or tza, though entries here could work, tza 1224 last

1056
95.07 UPRO target, with short order just under it for now, may change it later.. if i don't get filled will just wait and re-eval, maybe just pass on the trade for now if not filled, not chasing it since bias still up

1049
the UPRO order is placed above todays highs, at sell level, to trade the possible head fake trap break over resist

1048
the "real short opp" is later though, imo, and still have higher targets, so this is a "trade mode" short entry

1047
placed an order to SHORT the upro 94.99,,,, could also do long spxu but didnt want to do the price calc for spxu, broker allowed the upro short so i took that, if filled

1033
ES 1470 is investment bank sell level, near yest 1468 level, while the market maker levels are tighter 1452-1458.  That often means the inv level will be hit, eventually, and that "trading" 1452-58 is going on as they buy sell with net more buys, up to the 1468-70 level to take gains

1023
ES is easier for me to calculate the investment bank levels than spx, because software actually uses the spx comononent individ stocks buy sell levels, then does a conversion to corresponding ES level from the spx levels, and then does a compare with the ES-only calc. when the ES-only calc and the 500 component calcs exactly match, the level is more accurate naturally

1015
1452--1458 are the curr buy sell levels, which closely match the daily highs lows, so they are in trade mode right now

1014
curr sell level appears to be 1459 ES, but that could change...this MIGHT be bearish as it sets up a headfake for a minibreak over the prio high by 1 point, only to be followed by a move lower (trap)...needs a bit more time for confirmation as they allso play games

1011
The ES 1458 Investment Bank sell level was exactly hit on ES, yest i posted that1467 was their next sell level from yesterday, have not evaluated their curr sell levels today yet




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http://www.marketwatch.com/game/christopherstockguy-public-1/portfolio/Holdings
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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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