Wedn thoughts

343
took profits on half spy 117.62,,, will re-short again in 10 min


342
117.62

340
117.82 stop,,moving lower :)     ==CHRIS

337
118.21 mental stop

336
stop 118.42 on half of spy shorts, will hold other half swing overnight longer

241
over 1181 ES I may cover some spy swing shorts to lock profit, under that i will keep holding,,,watching reactions here==CHRIS

224
ES hit just over 1195 pivot from hour ago and backed off sharply,,,watching the rollercoaster now a bit ----CHRIS

202
below 1194, the 15min ES is in a falling wedge with more room down b4 rally up bounce---CHRIS

151
intraday SPX is setting in a dangerous position right near its support, which if broken at 2:15pm could casue a larger wave of selling... tho these FOMC days are often bullish up to 2:15pm

110
i've lowered my aapl trgt to 444 from 450, for now, 419 last, with last recent daily high 423 *422.86)

102
spx 1186---1189

101
watching 1189 spx support,,,if that breaks watch out below,,,first test expected to hold support tho---CHRIS

1203
QQQ is starting to move ahead of appl on 3min chart tho qqq up .66% today vs aapl up 1.75%,,, qqq may play catchup,,,other non-aapl qqq stocks being bought now atm===CHRIS

1201
421.50 aapl retest is liklely today imo,,,419.99 last===chris

1140
aapl hit its 419 trgt pn the 417.30 break signal from b4, needs 3min close over 419.50 for next higher trgts

1137
WOW, HPQ is up 6.6% today, tho this stock has lagged severely since July==chris

1129
aapl got the 3min close over 417.30 within prescribed # of bars,, 419ish and 421 next pivots higher

1106
still have the spx and intc shorts, half of msft at higher stop===chris

1104
took profits on MSFT,,,will look to replace it with another short later today---chris

1102
aapl 3min is trying to base,,trying to form base for intraday rallyt,  BUT this pattern only 50% up,,,often it makes a lower low on 3min b4 rally,,,so wat5ching this carefully,,,the break of support or resist is key imo

1059
aapl needs a 3min close over 417.30 imo,,, bearish until it gets that,,then may rally higher

1058
aapl does have a marginal bear break but its small and needs confirm,,could spell trouble for markets--chris

1057
next 12 minutes,,,next 3 to 6 bars on the 3min,,,crucial intraday on aapl imo,,,

1056
higher qqq and spx are not likely without the support of aapl

1055
aapl is now testing its intraday support now, along with qqq and comp,,,,THIS MAY BE the most impt test of the day (expcept 215pm maybe but thats chop)===CHOP

1052
heres that expected test on COMP,,,watching reactions here,,,chris

1051
stop tightened to 2652 msft from .77

1049
2627--2633 msft "should" stall, if not then may see 2600 fast,,,but expecting a stall there

1049
2633 msft trgt on half, last 2643,, will watch reaction at 2633,,,,if starts to move higher will take profit on half

1043
2677 stop on msft to lock 3%ish profit in case of sudden spike higher,, 2649 last

1038
watching aapl 419.40,,,if it can get over it ,,,aapl may surge t0 423, stall then break higher,,,but bearish imo under the 419.40 (intraday only)

1037
watchinng 2660-2666 msft for resist to hold or not, last 26.50

1024
ignoring "news" and using charts only, charts say hold MSFT at least another few hours,,but will watch it here

10:23 AM
MSFT short is down nicely this morn, down 1.45% vs spx down 0.14%,,,watching reaction here at 2662 msft support and will take profit on half IF the support holds,,,else holding for lower on support break lower---CHRIS

* 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".

Tues thoughts

354
nice close for those holding swing shorts,,,still see lower spx and lower tf russel iwm, tho expectations lower are moderate not aggressive atm, imo--- will continue to watch AAPL, as soon as aapl weakens intraday, spx tf fall harder,like they did today on aapl 3min closes under 318

303
AAPL got both of the 3min closes under 419 and 418,,,,CHRIS

224
aapl is beginning to show "lower aapl warnings" but they are not confirmed yet---chris

223
idea: watch aapl for a 3min close under 419/418,,,to be followed by weakeness in spx and qqq if such close occurs,,,over 419 aapl bullish intraday but may weaken here--chris

206
TF may test 695 lower intraday given mini break--chris

205
right near,,,,a little over that 9minute test mark,,,still could be critical here for behavvious rest of day==CHRIS

146
the next 6-9 minutes may be crucial decision....intraday, last es 1210,,,tf 700.70

131
clearly reversed too early from long to short in INTC,,but still see lower INTC correction from parab daily move higher b4===chris

107
still looking to add swing short in XLF but waiting another 2-4 hours first==chris

106
iwm 3min chart weaker than spx 3min==chris

1247
60min bear diverg in MSFT, still see lower msft ==chris

1136
still looking for entry for long GOLD swing, tho a quicker,shorter entry SHORT gold may present first

952
AAPL just hit its 418 interim target, eventual target approx $450 (exact trgt calc later),,, BUT aapl likely to pullback soon, so lower in coming hours days before the 450==CHRIS

944
still holding the shorts in SPY  IWM  INTC MSFT  for lower targets

943
CORN is up this morn about 1%, new swing entries at this level still valid long imo.

* 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".

Monday thoughts

354
if financials rally tomorrow xlf,,,may add those as swing shorts,,,xlf down today 2.6% vs spx down 0.93%==CHRIS

351
shorting swing MSFT here, 27.25==chris

258
CORN swing currently at a 1% loss,,,but still see higher targets being achieved to move it to profit in coming hours day,,,will hold this longer


256
IWM SPX INTC swing shorts (in profit atm) still say hold longer, probably overnight, but will see what the close looks like 330-400pm

256
GOLD (/GC or gld etf) continues its pattern, still waiting for a swing entry long on gold, none yet, needs a few more hours so maybe tomorrow an opp will present

107
my IWM swiong chart says hold the swing short from last week at least another 2 hours, prob longer,,same for SPX and INTC shorts

1240
 i still see higher gold coming for swings,,but no entry yet,,mayb in a few hours,,been waiting last 3 days for entry

1217
KO coca cola is another one that can make new yearly highs, as it did last week and week before

1236
the aapl daily chart is much diff than spx daily, not even similar,,,the higher high over 405 was expected in aapl last week as it began breaking its daily coil,,,aapl has been green on many days that spx and even qqq was red,, aapl hit 411.50, over prior 404 high daily

1138
a higher low on daily is likely, then a bounce,,,reaction after bounce should tell us future direction for swings,,,will it coil and start to break down the bear flag or continue higher in bear flag (on daily charts)?

1136
imo TF and IWM SPX are on a "short intraday rallies for swing",,,for next 2 hours at least, likely next 6 hours, per 60min and daily charts

1049
still holding swing shorts in SPY  IWM  INTC, in profit zone but lower swing targets not hit yet,,,,long in CORN,,,will look to buy back aapl long later===CORN is red atm but see higher corn after a base forms on 60min and daily charts, so holding the corn long

1* 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".

Friday thoughts

321
AAPL is a big part of QQQ and influences it,,,BUT notice the difference in the daily charts of AAPL and QQQ---still much diff charts==

122
a pullback makes sense in coming days for spx, but remain open to possibility that it forms a higher low on pb on daily chart

1245
since this is a short of a strong stock,,,is hedged and only one of many positions, riskier short

1243
Shorted INTC here at 22,,, i see higher intc later but the move has been parabolic up and expecting a correctino lower first. i was previously swing long INTC from 1970..

1221
intraday,,below 1207 ES bearish, over bullish,,,notice 1207 was prior supp on 3min chart,converted to resist on break lower, and held first test of resist,,,,intraday only #

1209
notice the spx bear deiverg forming on price vs macd hist,,tho still forming and not finished yet,,,on daily chart
1204
a bulish volume:price divergence is starting to form in corn futures ZC, and 60min wedge forming, some reasons for new initial entry this morn into CORN etf swing long

1202
aapl daily is a bull coil/flag vs spx bear flag

1202
compare daily AAPL to daily SPX,,,helps explain qqq rel strength,,, AAPL chart is very diff than spx or even qqq chart daily

1145
DOW has 6 long bias components and 7 short bias comp, rest neutral/bearish, not enough to short the DOW indice, so not wishing to directly short DOW, nor add to existing SPX and Russel index shorts atm,,,shorting individ components should outperform short DOW,,,now looking at top 33 nasdaq stocks tho hesitant to short qqq or ndx

1059
currently searching for a DOW 30 component to short swingt on a bounce ==CHRIS

1058
IWM and SPY shorts now moved from red to green, toward the lower swing targets----chris

1045
just entered long CORN etf swing 4635 for commodities,,also looking long gold and long cotton later,,initial CORN trgt 48.00ish

1032
aggressive could try scalps long soon on QQQ or aapl,,,no entry yet but forming,,,i prob won't take the scalp since i dont feel like tick watching it.,,, prefer qqq or aapl to spy

1028
INTC hit 2192 and am considering the 2200 target swing from last weeks post as being achieved==higher intc poss later after pb

1022
taking profits on BA here, out for now 6545===CHRIS

1020
out of appl for now at 399.43 from 373,,,aapl can pb to 380ish and still be bullish,,,will look to reenter later (not neces today_)==

1018
stop aapl 399.47,,,will prob get stopped out--chris

1016
KO 7250 trgt over the 7170 prio yearly high made few days ago

1012
i will also take profits in BA swing long today, same idea as aapl/spx,,,, and 75% of KO,,,KO coca cola may make yet another new yearly high today

1012
trying to hold aapl for spx 1225ish if able before taking final profits unless it breaks intraday support, which should put aapl over 399===chris

1011
preparing to exit aapl on its next move up this morn (or down if support breaks) to take profits from 373 to 399ish, will look to reenter aapl later,,watching if aapl puts in a higher intraday daily hi today or not

1000
imo swing shorts on spx and russel here are valid (SPY IWM short or for more leverage SPXU TZA longs

955
aapl has hit its 399 daily target from 923 am and from last night. ...will watch reactions here for a pullback or a move towards its next swing target. Still see over 405 AAPL for new yearly highs, but pullbacks also expected along the way.

923
AAPL continues its march highere here, at 395.90 pre-market. Daily target 399 today. Even when ES futures were down pre-market earlier, aapl was still trading above yesterdays close.

* 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".

Thursday thoughts

359
taking profits on remaing piece of INTC here for 9% profit,,,will look to buy again on pb but INTC move on daily is parabolic, so getting out for now---CHRIS

356
taking KO profits on half here at 7095 and will try to buy back again later---big move up may stall tomorrow or coming days for pullback===CHRIS

342
My aapl daily target was 394, almost made it at 393.66 high of day==CHRIS

327
KO on its way to making its 5 new yearly high,,,all 5 having come since Aug 30,,,hodling for targets over 72==

323
a little early on short swing is ok,,,i've been riding this up long up until today---chris

318
i wont short qqq,,, aapl is too strong daily chart

317
filled on the IWM russel short, so short 1/4 spx and 1/4 ruyssel now---chris

314
the BA AAPL and KO charts are all much diff than spx, more bullish, so still exposed to long side via longs in KO  BA  AAPL----CHRIS

310
71.23 BELOW the market i will short IWM

307
i will add a second short before the close today in adedition to SPY short, i will short russel via IWM short, no entry yet but watching for entry, for a 50% combined short position, may short 2 more entrie later, for SWING---- those desiring more leverage could use the 3x etf TZA but i prefer the IWM and SPY if leverage not needed.

225
1194.25 and 1191 and 1186 targets ES

224
theres the trade idea scalp short---chris

221
BELOW the market ES shorts could work, on a break of 1197.75 support---chris

211
WOW 3min breakouts higher in BA and KO rite here===chris

208/
KO long is better than spx long or even aapl long, for scalps, imo---chris

205
i'm holding the initial swing spx short, and will add if it rallies high enough,,,still holding the longs on BA AAPL  KO,,,---CHRIS

155
KO coca cola hgas broken over yesterdays high, and new high of day made here,, still see new yearly highs in KO over 72,,last 7070

151
80% confid on sell, not at 85% yet,,,CHRIS

148
aapl still looks tired (intraday only,,,still valid swing long tho may get lower entry to add more)--chris

146
1193 still holding for now,,,,---

138
ES 15min BEAR harami candles intraday,,,needs a confirming close under the 15min low---CHRIS

129
aapl bearish diverg on spx may be manifesting itself on sell pressure on spx,,,unconfirmed thus far tho

128
watching for 3min close under 1193 ES---chris

120
78% sell program alert still valid==chris

1254
i'm not sure, but i "think" it will move to 85% confid if we get a 3min ES close under 11193,,,will see what my algo program says if gets there---CHRIS

1250
makes sense to take profit on half of aapl longs here and keep half for swing positions,,,i already posted profits taken yesterday since my stop was hit

1246
73% sell program aler on the es spx here  1202 spx,,,,alert only no program has kicked in yet,,,intraday signal only for scalps not long term==chris

1246
theres a bearish divergence, between aapl and spx,,,,careful long on daytrades here, spx can suddenly drop==CHRIS

1236
my target on spx short is only 1180ish, not exact trgt yet,,,but likely be a buyer on first test of spx down there,,,buyer long in individ stocks NOT on the spy spx===CHRIS

1230
one reason for early entry is that, intraday atm, AAPL is looking tired, tho it has not met its upper targets yet,,,may pb first,,,if aapl falls than spx should fall faster

1229
early initial entry on the short,,,the 15min chart still suggests sideways with slight up bias for next 4-8 candles,,but trying this short here, short #1 to add more later==CHRIS

1224
finally swing shorted here,,,will add more if it moves higher, SPX via SPY at spx 1200. SPX may want 1207 even 1224 first, if so will add higher,,,,still holding the swing longs in individ stocks==CHRIS
1210
being patient,,,a swing short opp may present today but not yet imo,, also if i swing short, i will still keep the longs on aapl ko ba maybe intc and others,,,, the time i'll hold the short will likely be less than the time i'll hold the longs, thus a "short" short and a "long" long ==CHRIS

1146
393.15 last as it tests todays hiugh,,,,watching to see if intraday resist holds down or breaks higher

1145
still have 394 aapl trgt, stretch trgt 396 if the 94 breaks higher, with eventual targets 394, 399, 405 and then a new yearly high over 405

935
An opp to swing short the SPX may present today, no entry yet. I will continue to hold the longs on KO and BA and look to reenter INTC and AAPL longs later as well. The short SPY hold time is likely less than the longs in the individual stocks. One could also short SPY using 2x or 3x etfs like sds or spxu.

* 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".

Wede thoughts

353
the short ES at aapl 392 wouldve worked,,,from 1194 to 1186 es but was too late in day to take,,,missed that one---chris

348
aapl target from this morn was 392, it hit high of day 392.21,,,, ES trgt was 1196, high of day was 1196.25

348
took profits on half of aapl,,,decent run up from 373 to 390/392===chris

341
1190.50 es pivot raised into the close---chris

338
KO coca cola is on a hold swing long for at least 4 more hours, into tomorrow, for first trgt,,,with other higher trgt to follow in coming days weeks---huge KO candle daily,

336
sellers may be waiting at spx 1209--1214---chris

333
es just hit 1196 trgt,,,watching reaction

332
this is squeeze i was mentioning yesterday,,,,market maker reports suggested they were covering yest==CHRIS

328\but aapl may not pullback,,it has a habit of not looking back when it breaks daily weekly resistances

328
aapl swing may fall all the way back down to 378 where i will buy back if it does,,,will take profit on half of it today,,hopefully the exit is not too early like the INTC exit was early,,,will keep half aapl and 100% of KO  BA---chris

325
KO flying now since that 15min trigger buy,,,will hold overnite,,,new yearly highs---chris

320
ES is now at the "short es at aapl 392" setup from 11am trigger now, but risky taking that here,,,i'm staying out of the short scalp

319
1196 es target next,,,still watc hing for sudden selloff tho charts do not suggest it,,,anything can happen in this volatility

314
i will hold the KO and BA longer, since their resistance are higher--chris

311
taking off 25% of aapl 391.73 swiong here at qqq resist,,,tho i still see the higher trgts

311
q2qq now testing daily high from aug 31,....,may stalll,,impt test here

309
QQQ overshot its daily trgt by about 10 cents ;)

309
that buy alert 85% just hit its trgt 1190 es from 1183

304
aapl just hit 391.80,,,considering the 392 daily trgt set at 10am being hit since its so close,,now watching reaction because over 392 gives 394 fast

303
aapl either holds here and makes new daily highs or i'm taking the profit on half from 373,,,391.42 last

302
aapl 390.40 v tight aapl stop now on half to protect profits==chris

259
over 1184 es, the buy alert will reamin at 85% confid or higher

256
qqq now about 10 cents from 11am daily trgt,,,may overshoot it

255
ES 118 buy alert just triggered, 78% confid,,needs 85% to really move,,intraday only

252
es break under 1181 risks 1177 test==chris
over 1181 bullish into the close, IMO

243
conserv swings would take profit on half of aapl swing here at 391 stall,,,others would use the 388.70 stop instead

238
still have qqq 5568 daily trgt as long as 3min support holds, hit 5554 so far

237\
under es 1181 may cause a selling spree, intraday only not swing

236
SPY short scalps may be setting up now, not formed yet imo, but may get one==chris

226
aapl emergency stop set at 388.7 in case of fat finger plunge==chris

221
volume since 1015am has been light, so watching carefully here ....i will sell half of aapl if it appears weakness is coming, hoping to buy it back lower, and will keep the second half (swing) for higher. no sale yet....hope to ride to the close but may need an early exit.

213
INTC just hit the 21.20 trgt from yest,,,i exite too early on the .73 stop order *shrug*, still see long opps on INTC but will wait for pb, not today

208
intraday,,,(non swing) SPY 15min intraday chart has used up all its "sideways up bias" candles, and has moved up since the 1150AM candle counting started, so now need to watch carefuly, and use support as guide. SPY still bullish while over 15min support instead of candle counting.

206
watch over 392 aapl, could go quick to 394 if 392 breaks (same as b4)==CHRIS

204
KO got its confirming close on the 15min for the long swing and is continuing higher.

1246
sideways then up 15min chart pattern from 1200pm still valid,,still more remaining candles, no short setup yet

1241
danger to short the qqq here at 5520 imo,,,,5568 qqq trgt

1239
possible breakout in KO higher,,,not confirmed yet but 3min and 15min suggest possible ---CHRIS

1230
KO is close to giving the confirming close for new long entries swing on 15min, but it is not there yet,,,may drop first,,, XLF may be setting up for a  short, or long faz



1204
because if the 392 aapl breaks it could quickly see 394

1203
the first intraday test of aapl 392ish will likely stall and may present an opp to SHORT scalp SPY or QQQQ but i am not taking the short, idea only, for scalp not swing

1201
AAPL and XOM are USA largest two companies by market cap

1200
for swings, AAPL presents danger to qqq shorts,,,aapl daily chart is MUCH DIFF looking than SPY or QQQ,,,aapl in process now of trying to break a daily bull coil,,,if it does QQQ should benefit higher

1152
intraday,,SPX dueling 15min and 60min charts suggest sideways UP to me,,,==,,,watching next 6 bars candles on the 15min chart for now, they suggest higher atm for next 6

1143
still waiting for swing short entries in spx or in select stocks or sector etfs

1143
KO trade idea (i'm already long KO) coca cola: ABOVE the market, KO long on a 15min candle close over 69.65 for swing, with targets 71.75 and then new yearly highs over 72 to 74ish

1109
aapl just broke to new daily highs, tho spx still under its high of day==CHRIS

1040
aapl is reslient, now back testing todays high,, over 389 gives 392 trgt

1028
also watch ES 1157 ,,,same # as yest,,,just hit again and held support

1005
still waiting for opp to swing short the spx or financials, no entry setups yet imo

1003
still see higher KO, it made the new yearly high as expected on 9/8 and has pulled back,,,still see another yearly high for coca cola

1001
if aapl gets 60min candle close over 392 target, followed by daily close over it, should test the 2011 high 405 and make new yearly highs, last yearly high made July 26

951
AAPL long swing has hit interim 388 target, next trgt 392, still holding this longer. AAPL has a marginal break higher out of its daily bull coil that I've been talking about the last week.  But needs a confirmation since the break is marginal. for now tho, aapl charts remain bullish and continue as expected.

* 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".

Tues thoughts

334
ES bounced one point over that 1:30 pm pivot which held support, bounce 8 points

332
imo its prudent to also consider that tomorrow may cause a short covering spike higher, and that maybe the smart short swings have covered today already,,,just a thought,,

322
ES still over intraday #  over 1157 ES from 1:30pm post,,, IMO still bullish over that, bearish under, same pivot

321
watchin 2055 area on INTC to see if its goes that low, and if it holds as breakout support or not,, i'm already out

307
watch the daily bull triangle on AAPL, its close to breaking higher in coming hours days. A break higher may give new highs over 405 eventually (swings). aapl had held up pretty well even on vicious downside days on SPX. last aapl 385.

305
still see higher INTC but didnt want to risk losing profit

302
stopped out of INTC for 4.5% profit,,,,will buy back later (may not buy back today)... still holding the longs on AAPL   KO   BA swing

251
2 cents away from being stoped on intc,,,still in for now

237
Setting stop on INTC at 20.72 in case it moves lower. if stopped out will take profits and look to reenter. don't want to get caught in mass move lower and see profits evap. 4.5% to 6.5% profit on INTC depending on if stop hit, or if target it hit instead.

154
INTC now 18 cents from first target of 2097, still holding for the 21.23 if able, if not, will take profits on INTC if the 15min chart pulls back (will exit on bounce of pb if it moves lower below 15min support)

125
IMO intraday: over 1157 ES bullish, break under 1157 bearish (3 and 15 min candle closes not spikes)==CHRIS

111
daily aapl trgt 387.50, last 383.50==CHRIS

108
new intraday highs on INTC and KO also here

107
AAPL has broken over its daily high on the first try,,watching to see if sustains now or not==CHRIS

1255
looking to re-short the SPX again swing, but not here, at higher levels or diff charts, may be days or weeks waiting

1254
aapl, meanwhile watching reaction to see if stalls or simply pushes over it on the first try

1253
aapl close to testing its high of day, charts suggest it will make a higher daily high today, after initial stall on test, may take 1-3 hours,

1242
I've placed a limit order to sell INTC at 21.23 for today for 6.57% profit if filled. I still see higher INTC after that but will sell and look to buy it back lower. This is above the 20.97 target, I may sell at 2097--2100ish if it doesnt surge today. last intc 2054, up 1.23% from yest and one cent under its high of day

1012
AAPL continues consolod higher in its daily bull coil, needs to break it for higher swing targets to be hit, still valid long IMO swing, higher aapl would be good for QQQ   TYP  QLD== CHRIS

1010 am INTC has broken over its highest daily high since Aug 18 and is now on its way to its first swing long target :)

* 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".