up 27%, ROC long from Jan 11 at 43.18 is now up 27% to 54.85. Continuing to trail the stop higher to protect profits makes sense. A pullback should be expected soon, so likely will take profits soon. The move has been parabolic.
* 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, February 6, 2012
Monday thoughts
410
look at TLT 14,3,3 stoch, it may turn higher from here and not go to 20. If TLT does happen to move lower, then the stoch is going to form a bull diverg,,,but other charts and signals suggest higher TLT instead next 1-3 days
410
TLT or TMF 2xr 1-3 days imo,swing
405
VOG target is still 3.00 (for 7% profit), but i have raised my order set hiogher to sell at 3.22 (15% profit) in case it surges fast, if no such surge will consider selling at 300 trgt in coming day(s).
353
next trgt 7% on VOG,,,may buy back half if able tomorrow on pb
352
took 3% profit on half of VOG longs from this morn,,will hold half
349
VOG hit 2.89 trgt,,,still could get over 290 b4 close but trgt 1 hit
348
hpq in trouble methinks
343
9717 watch for short oil scalp,,breaks could be viscious
341
and that one, if it comesk, may not get bid up like today
341
starting to look like another gap down tomorrow in spx,,,
322
VOG moves seen small, but percentwise its up 2% vs flat ES today
321
9730 oil should give .45 .55 micro
319
76% confid buy signal intraday on vog, for a pop to test .90
312
74% confid sell sig on HPQ
312
hpq at .67 would suggest lower to next trgt imo, if it hits .67,,,last .78
302
this time of day,,,VOG can run thru the 8.90 stall area without a pause, removed the stall area
257
if oil gets to 9775, i think it will go over it,,,after a pullback stall first
248
72% confid ES sell signal, intraday at 1338
247
2777 trgt on hpq if breaks supp
246
hpq tricky here cuz at support,,,if es moves lower, hpq could break it tho
236
HPQ---testing yesterdays lows now
228
2470 VXX buy stop ABVOE the mkt could work,,,not there yet
227
VOG going for 289 trgt,,,then stall again ,,trgt still 3.00 or 7% profit
215
VOG "stall" should be done,,,should see 2.89 next
213
oil popped nice, over 9730 should pop again
210
if it can get to 117.71 TLT should give it new highs intraday
209
long oil, now, at 9700 could work
204
VOG will prob stall here now at 285,,may get interesting next
201
going long TLT or TMF may be easier than shorting the ES SPX QQQ
159
VOG hit its 2.83 "break higher trgt",,,watching for followthru or not
158
HPQ down 1% vs flat ES,,good for shorts
155
next bounce on ES, on the 3min, forming now but not ready yet. ,maybe shortable, watching setup, intraday scalp short poss
143
TLT on the move since the .30 trgt broken higher,,,.71 last
12219
TLT next trgt 118/.50,.,, 117.30 last
1219
i'm trading the breakout over 2.74 on daily---look at vog from November-present,,and then the 60min chart .... naturally breakouts always have more risk
1213
TLT hit 117.30 trgt from 15min ago,,,should be good for swings now
1207
watching LINE shorts, to see if it can break that 3640 for lower,and better profit exit
1202
VOG could go to 266 or lower, first
1200
IF TLT hits 117.30, would be long TLT signal, or add more TLT TMF,,,swing
1152
bought VOG long, 2.77--2.80, for expected break over 2.85 toward 3.00 next
1118
29.04,,,finally added to my HPQ short position
941
intraday under 457.50 may bring aapl selling intraday, and spill to qqq
917
the first 30 minutes may tell us the direction of SPX SPY for the rest of day
917
spy may get another spin top today, not filling the gap. if it does, then it would be day 3 of 3 day candle pattern mentinoed on friday, bear eve star, with day 4,5,6 neededed for confirmation of the star
8:37 AM
I'll be in and out today, so posting some thoughts here Pre-Market:
In general, stops tightened on all QuickSwings that are in profit zone, for half of the position, and a looser stop set for the second half to convert to MidTermSwing hold instead. Depending on how charts develop during the day, I may take profits on 100% instead of 50% of EUO TLT TMF SLV SPXU
On Friday, I posted to look for a gap down today on SPX and ES. THe ES traded to 1330.25 overnight low, about 9 points lower, and is currently down 5 points. Unless ES manages a rally in the next hour, it will gap down as expected.
On Friday, I also posted to look for higher US Dollar and lower Euro. Euro futures are now down nicely almost 1% (2% effect on EUO etf), and the Euro futures have BROKEN Friday's low.
Newly entered SILVER shorts entered Friday: Silver is down nicely 1.4%, or 2.8% effect on ZSL.
TLT longs trading 0.5% higher, TMF longs up 1%.
Newly entered long in OIL, starter size position, is trading lower today, but UCO etf is approx 1% profit above its entry price. Watching oil carefully. I mentinoed that oil may make a lower low before bouncing much, hence the starter position. I may exit this and look to reenter later. needs to hold prior daily lows.
* 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".
look at TLT 14,3,3 stoch, it may turn higher from here and not go to 20. If TLT does happen to move lower, then the stoch is going to form a bull diverg,,,but other charts and signals suggest higher TLT instead next 1-3 days
410
TLT or TMF 2xr 1-3 days imo,swing
405
VOG target is still 3.00 (for 7% profit), but i have raised my order set hiogher to sell at 3.22 (15% profit) in case it surges fast, if no such surge will consider selling at 300 trgt in coming day(s).
353
next trgt 7% on VOG,,,may buy back half if able tomorrow on pb
352
took 3% profit on half of VOG longs from this morn,,will hold half
349
VOG hit 2.89 trgt,,,still could get over 290 b4 close but trgt 1 hit
348
hpq in trouble methinks
343
9717 watch for short oil scalp,,breaks could be viscious
341
and that one, if it comesk, may not get bid up like today
341
starting to look like another gap down tomorrow in spx,,,
322
VOG moves seen small, but percentwise its up 2% vs flat ES today
321
9730 oil should give .45 .55 micro
319
76% confid buy signal intraday on vog, for a pop to test .90
312
74% confid sell sig on HPQ
312
hpq at .67 would suggest lower to next trgt imo, if it hits .67,,,last .78
302
this time of day,,,VOG can run thru the 8.90 stall area without a pause, removed the stall area
257
if oil gets to 9775, i think it will go over it,,,after a pullback stall first
248
72% confid ES sell signal, intraday at 1338
247
2777 trgt on hpq if breaks supp
246
hpq tricky here cuz at support,,,if es moves lower, hpq could break it tho
236
HPQ---testing yesterdays lows now
228
2470 VXX buy stop ABVOE the mkt could work,,,not there yet
227
VOG going for 289 trgt,,,then stall again ,,trgt still 3.00 or 7% profit
215
VOG "stall" should be done,,,should see 2.89 next
213
oil popped nice, over 9730 should pop again
210
if it can get to 117.71 TLT should give it new highs intraday
209
long oil, now, at 9700 could work
204
VOG will prob stall here now at 285,,may get interesting next
201
going long TLT or TMF may be easier than shorting the ES SPX QQQ
159
VOG hit its 2.83 "break higher trgt",,,watching for followthru or not
158
HPQ down 1% vs flat ES,,good for shorts
155
next bounce on ES, on the 3min, forming now but not ready yet. ,maybe shortable, watching setup, intraday scalp short poss
143
TLT on the move since the .30 trgt broken higher,,,.71 last
12219
TLT next trgt 118/.50,.,, 117.30 last
1219
i'm trading the breakout over 2.74 on daily---look at vog from November-present,,and then the 60min chart .... naturally breakouts always have more risk
1213
TLT hit 117.30 trgt from 15min ago,,,should be good for swings now
1207
watching LINE shorts, to see if it can break that 3640 for lower,and better profit exit
1202
VOG could go to 266 or lower, first
1200
IF TLT hits 117.30, would be long TLT signal, or add more TLT TMF,,,swing
1152
bought VOG long, 2.77--2.80, for expected break over 2.85 toward 3.00 next
1118
29.04,,,finally added to my HPQ short position
941
intraday under 457.50 may bring aapl selling intraday, and spill to qqq
917
the first 30 minutes may tell us the direction of SPX SPY for the rest of day
917
spy may get another spin top today, not filling the gap. if it does, then it would be day 3 of 3 day candle pattern mentinoed on friday, bear eve star, with day 4,5,6 neededed for confirmation of the star
8:37 AM
I'll be in and out today, so posting some thoughts here Pre-Market:
In general, stops tightened on all QuickSwings that are in profit zone, for half of the position, and a looser stop set for the second half to convert to MidTermSwing hold instead. Depending on how charts develop during the day, I may take profits on 100% instead of 50% of EUO TLT TMF SLV SPXU
On Friday, I posted to look for a gap down today on SPX and ES. THe ES traded to 1330.25 overnight low, about 9 points lower, and is currently down 5 points. Unless ES manages a rally in the next hour, it will gap down as expected.
On Friday, I also posted to look for higher US Dollar and lower Euro. Euro futures are now down nicely almost 1% (2% effect on EUO etf), and the Euro futures have BROKEN Friday's low.
Newly entered SILVER shorts entered Friday: Silver is down nicely 1.4%, or 2.8% effect on ZSL.
TLT longs trading 0.5% higher, TMF longs up 1%.
Newly entered long in OIL, starter size position, is trading lower today, but UCO etf is approx 1% profit above its entry price. Watching oil carefully. I mentinoed that oil may make a lower low before bouncing much, hence the starter position. I may exit this and look to reenter later. needs to hold prior daily lows.
* 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, February 3, 2012
Friday thoughts
331
i changed my mind,,,i'm going to keep a piece of SLV shorts overnight,,,the 60min looks tired toppy
325
closing analysis suggests a 5 point pb,,,into 415pm,,,but i'm not sure i believe it LOL
323
3265-3250 SLV gives a 3235 trgt, below the .40 trg,,,,,3miun chart,,so the targets line up,, kind of amazing how these things match
322
silver is being stubborn here but it still looks breakable lower today
318
fwiw, those SLV trgts are simple horizontal support and resistance, nothing complicated
316
TLT is taking off after 3pm,,that is a bit unusual,,,usually 3-4pm on tlt is consolod rectangles
307
i might regret it, but i will NOT hold the silver shorts overnight, unless chart changes a lot next hour
303
will cover half of the remaing half of SLV at .40 if able, and let other half of half (one quarter) ride lower
i think .40 bounces if it gets there
258
stop on last half of silver short #2---just above breakeven for a small loss, let them work for it to push it higher, giving room, downside risk greater so willing to give up profit on the last half,,,already took profit 3 times of 4 on slv today
255
if VIX closes like this, hollow red candle,,, bull hammer
244
SLV--tightening stops on remaining half, manually trailing lower using 3min chart
242
silver hit .60 :)
.40 next SLV trgt
2430
.61 on half of slv i will take profit,,keeping half
211
slv sell signal,,,,may break .70 within 6min, watching
155
My TLT is a mess now,,but been here b4 ,,, but i'm not averging down, not adding more
145
idk if ES will do it or not, but this time of day, it can blow thru downside trgts, last 2 hrs,, just watching reactions
143
IF the slv stoch on 15min chart fails here near 60 instead of 80, bearish for slv, but still baking'
136
quickSwing long oil that triggered yest says "hold longs in uco" another 1-3 days
122
es 1340 short here could work, scalp,
119
if slv can get back down to .60 again, bounce may not get over .80, and .60 may break for .40
118
silver now moving, in that "next 9--12 min" timefram
110
next 9--12 min in slv intraday could be interesting
100
usually it converts to a bear rising wedge
100
see that pattern on 60 min ES? a "reverse bull flag"??? It's a bearish pattern
1258
nervous ones would exit slv second entry here breakeven, i remain short LOL nonetheless,, still have the 1-2% profit from prior entry
1253
i'm starting to like holding SLV short overnight, the timing analysis suggests sideways down on SLV for 4-8 trading hours, but its still baking
1233
lack of bull vol diverg intraday usually means sellers are not done yet
1232
slV does not have intraday bull volume diverg yet, so likely to retest lower sometime today
1231
im donw 10 cents on second slv short but net profit from first one,,still holding this a bit here,
1218
slv jhit the .74 below mkt trade trigger,,watching reactions for sustain lower or not,,tho i reentered at .80
1215
.83--.86 mental stops on slv
1211
if SLV can retest .65,,,then should get the .41 trgt next
1210
lim order filled, back in SLV short .80
1210
or short stop .74 below mkt
1209
.80 limit reshort slv,,may be fast in out
1206
out of rest of slv,,,going to .80-.85 i think
1206
slv at .67 mental stop,,watching reactions, may exit
1203
profits on SLV are small because i'm not willing to hold overnite, yet,,,so needs active trading''
1202
.71 mental stop slv,,,, .77 hard stop in case of surge, to protect scalp profit,can always reshort
1200
72% confid on es sell now, up from 70%''
needs 78--85% to move
1158
1% profit on slv scalp, or 2% on zsl, approx, in an hour
1157
covering half .62
1154
.68 should give .60
1154
limit to cover half of SLV 3241 and reshort expected bounce if it gets there,,,may need to take off half at .60-.65ish depending on reaction there''
1150
caution shorting slv swings tho, its in a daily uptrend
1149
IF SLV hits 3190--3210 it will prob bounce, and if it does get that low today, the bounce may be shortable as swing
1146
slv 3285 is 3min resist
1144
a satall at .65 slv, would make sense to take off half
1143
ES sell signal 70% confid, intraday
1142
SLV hit .75,,,watching .65 next
1140
if gets 3279, SLV should give 3265 lower,,last 3284
1136
1339 es now shortable again, but not taking it, other better optinos imo,
1129
3210 SLV would give 2.5% profit, or 5% on zsl ,approx
1126
idea:SLV short 3292
1123
imo, this is not a reshort setup scalp on ES here back at 1339
1111
i got out of this ES short for small 2 points, and replaced with AAPL short, sitll TLT TMF longs scalps
1101
Stop orders are one way to manage risk. Other ways are smaller position sizes with layering in and out. Another often overlooked risk management tool is diversification through having multiple positions in individual stocks in various sectors, instead of everything in one stock or etf. Shorting weak SPX stocks and gonig long strong SPX stocks will generally outperform SPY. If you're short a weak stock and SPX moves higher, the weak stock usually will not move up as much, and can even continue lower. The inverse is true for strong stocks when SPX goes down.
1059
TLT value "should be" about 1% higher than it is right now, imo,,,somethings not quite right with that gap down
1054
idea: TLT TMF long could work here, 116.30 TLT, for scalp and or swing, I already have some TLT for swing at higher price, but will scalp it also here
1041
1339 ES short here, scalp and or swing
1038
cotton BAL now at 3.5%, still moving higher,,,i'm just trailing the stop manually, but won't clutter the room with every adjustment
1029
imo GLD daily will pull back, then bounce, the pb may be buyable, the bounce may be shortable, in no mans land here,,,if long makes sense to take profits imo,, i have been considering SHORT on GLD last few days, but recent analysis suggests that this first pb doesnt have enough risk:reward to it, so on sidelines now in GLD
1027
tightening stops on BAL to protect 1 day profits, can always buy back if stopped out,,, BAL is like oil in that its very volatile and can moves very fast, up or down
1025
if spy puts in a spin top candle, not runaway imo,,,rahter could be day 2 of 3 day bear morn star setup
1019
GCOM idea from last nights post- makes sense taking 3% profits here, from buy at open today, on half of shares, tight stop on other half
959
APL has pulled back after yesterdays surge, is buyable here imo
946
EUO position is also higher this morning,,still holding it longer
944
HPQ is also up 1.4% today, not good for shorts, but i still see lower HPQ, i'm holding them. also HPQ has not made new highs the way SPY SPX have
942
AAPL is still shortable here imo
note that aapl is FLAT vs ES up 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".
i changed my mind,,,i'm going to keep a piece of SLV shorts overnight,,,the 60min looks tired toppy
325
closing analysis suggests a 5 point pb,,,into 415pm,,,but i'm not sure i believe it LOL
323
3265-3250 SLV gives a 3235 trgt, below the .40 trg,,,,,3miun chart,,so the targets line up,, kind of amazing how these things match
322
silver is being stubborn here but it still looks breakable lower today
318
fwiw, those SLV trgts are simple horizontal support and resistance, nothing complicated
316
TLT is taking off after 3pm,,that is a bit unusual,,,usually 3-4pm on tlt is consolod rectangles
307
i might regret it, but i will NOT hold the silver shorts overnight, unless chart changes a lot next hour
303
will cover half of the remaing half of SLV at .40 if able, and let other half of half (one quarter) ride lower
i think .40 bounces if it gets there
258
stop on last half of silver short #2---just above breakeven for a small loss, let them work for it to push it higher, giving room, downside risk greater so willing to give up profit on the last half,,,already took profit 3 times of 4 on slv today
255
if VIX closes like this, hollow red candle,,, bull hammer
244
SLV--tightening stops on remaining half, manually trailing lower using 3min chart
242
silver hit .60 :)
.40 next SLV trgt
2430
.61 on half of slv i will take profit,,keeping half
211
slv sell signal,,,,may break .70 within 6min, watching
155
My TLT is a mess now,,but been here b4 ,,, but i'm not averging down, not adding more
145
idk if ES will do it or not, but this time of day, it can blow thru downside trgts, last 2 hrs,, just watching reactions
143
IF the slv stoch on 15min chart fails here near 60 instead of 80, bearish for slv, but still baking'
136
quickSwing long oil that triggered yest says "hold longs in uco" another 1-3 days
122
es 1340 short here could work, scalp,
119
if slv can get back down to .60 again, bounce may not get over .80, and .60 may break for .40
118
silver now moving, in that "next 9--12 min" timefram
110
next 9--12 min in slv intraday could be interesting
100
usually it converts to a bear rising wedge
100
see that pattern on 60 min ES? a "reverse bull flag"??? It's a bearish pattern
1258
nervous ones would exit slv second entry here breakeven, i remain short LOL nonetheless,, still have the 1-2% profit from prior entry
1253
i'm starting to like holding SLV short overnight, the timing analysis suggests sideways down on SLV for 4-8 trading hours, but its still baking
1233
lack of bull vol diverg intraday usually means sellers are not done yet
1232
slV does not have intraday bull volume diverg yet, so likely to retest lower sometime today
1231
im donw 10 cents on second slv short but net profit from first one,,still holding this a bit here,
1218
slv jhit the .74 below mkt trade trigger,,watching reactions for sustain lower or not,,tho i reentered at .80
1215
.83--.86 mental stops on slv
1211
if SLV can retest .65,,,then should get the .41 trgt next
1210
lim order filled, back in SLV short .80
1210
or short stop .74 below mkt
1209
.80 limit reshort slv,,may be fast in out
1206
out of rest of slv,,,going to .80-.85 i think
1206
slv at .67 mental stop,,watching reactions, may exit
1203
profits on SLV are small because i'm not willing to hold overnite, yet,,,so needs active trading''
1202
.71 mental stop slv,,,, .77 hard stop in case of surge, to protect scalp profit,can always reshort
1200
72% confid on es sell now, up from 70%''
needs 78--85% to move
1158
1% profit on slv scalp, or 2% on zsl, approx, in an hour
1157
covering half .62
1154
.68 should give .60
1154
limit to cover half of SLV 3241 and reshort expected bounce if it gets there,,,may need to take off half at .60-.65ish depending on reaction there''
1150
caution shorting slv swings tho, its in a daily uptrend
1149
IF SLV hits 3190--3210 it will prob bounce, and if it does get that low today, the bounce may be shortable as swing
1146
slv 3285 is 3min resist
1144
a satall at .65 slv, would make sense to take off half
1143
ES sell signal 70% confid, intraday
1142
SLV hit .75,,,watching .65 next
1140
if gets 3279, SLV should give 3265 lower,,last 3284
1136
1339 es now shortable again, but not taking it, other better optinos imo,
1129
3210 SLV would give 2.5% profit, or 5% on zsl ,approx
1126
idea:SLV short 3292
1123
imo, this is not a reshort setup scalp on ES here back at 1339
1111
i got out of this ES short for small 2 points, and replaced with AAPL short, sitll TLT TMF longs scalps
1101
Stop orders are one way to manage risk. Other ways are smaller position sizes with layering in and out. Another often overlooked risk management tool is diversification through having multiple positions in individual stocks in various sectors, instead of everything in one stock or etf. Shorting weak SPX stocks and gonig long strong SPX stocks will generally outperform SPY. If you're short a weak stock and SPX moves higher, the weak stock usually will not move up as much, and can even continue lower. The inverse is true for strong stocks when SPX goes down.
1059
TLT value "should be" about 1% higher than it is right now, imo,,,somethings not quite right with that gap down
1054
idea: TLT TMF long could work here, 116.30 TLT, for scalp and or swing, I already have some TLT for swing at higher price, but will scalp it also here
1041
1339 ES short here, scalp and or swing
1038
cotton BAL now at 3.5%, still moving higher,,,i'm just trailing the stop manually, but won't clutter the room with every adjustment
1029
imo GLD daily will pull back, then bounce, the pb may be buyable, the bounce may be shortable, in no mans land here,,,if long makes sense to take profits imo,, i have been considering SHORT on GLD last few days, but recent analysis suggests that this first pb doesnt have enough risk:reward to it, so on sidelines now in GLD
1027
tightening stops on BAL to protect 1 day profits, can always buy back if stopped out,,, BAL is like oil in that its very volatile and can moves very fast, up or down
1025
if spy puts in a spin top candle, not runaway imo,,,rahter could be day 2 of 3 day bear morn star setup
1019
GCOM idea from last nights post- makes sense taking 3% profits here, from buy at open today, on half of shares, tight stop on other half
959
APL has pulled back after yesterdays surge, is buyable here imo
946
EUO position is also higher this morning,,still holding it longer
944
HPQ is also up 1.4% today, not good for shorts, but i still see lower HPQ, i'm holding them. also HPQ has not made new highs the way SPY SPX have
942
AAPL is still shortable here imo
note that aapl is FLAT vs ES up 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".
Thursday, February 2, 2012
AAPL - Chart of Apple, finally I'm bearish on it at 455.55 today
Quick chart of AAPL below.
Notes and comments are in the chart itself.
Double click chart for larger view.
* 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".
Notes and comments are in the chart itself.
Double click chart for larger view.
* 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".
Trading Ideas for Friday
STRATEGY: The SPX was flat today, and is right at its resistance. For LONG ideas, I wanted to find stocks that went UP today, not flat, on volume. I already have several short positions, including HPQ LINE REN etc.
I will ONLY BUY 1-2 of these, to save some funds to buy some $10 stocks in addition, since they move faster.
I have another focus list that has both small and large caps in it, but i'm in the process of cleaning up the list. I might post it later.
THESE ARE IDEAS ONLY. I may or may not take a position in any of these. "Buy at open" means its a POSSIBLE buy that i may take at the open.
V buy at the open on Friday, if over Thurs low. No need to buy both MA and V.
MA buy over 385. Trgt 420. Similar to V. No need to buy both MA and V.
BAL is still buyable near Thursdays closing price.
ISRG buy at open if over 478.
SBH buy over Thursday's high. Trgt 24ish from 22ish or 8-10%
RA buy after consolodation. Watch for a bull flag before entry. E.g.: A move lower, and then a move back over 16.70.
GCOM buy over Thursdays high, from Feb 1 list.
* 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".
Thurs thoughts
409
IDEA: consider HPQ short instead of or in addition to SPY shorts: notice HPQ is not much higher now than nov 16,, vs SPY much higher, HPQ is weaker imo and "safer" in HPQ if SPY goes up
400
APL did not hit daily trgt to sell,,,,i'm RAISING the trgt limit sell order higher to 4070 for now
400
TLT closed 119.12,,, 2 cents from the est 119.14 estimate
355
above mkt, buy stop 1463, i'll add more smn,,,prob wont hit it today
350
EUO--if it closes tomorrow over 1975, should get over 20 in following days for a run to 2080
349
119.14 TLT close, or higher, would be good for TLT
likely close near there
346
VXX has a poss morn star bullish forming, 3 day pattern with today day 2, a gap up even if small tomorrow on vxx, would give the day 3 candle,,not trading it,,,just fwiw
343
changed time to buy SMN from 3:57, until now, still same price 1445 last
340
i dont think HPQ will make it over 2865 b4 close, .58 last
337
unusual to be long commodoties oil and cotton, and also "near long" us dollar since short euro, but commod relation to dollar,, ESP in OIL, is not always 1:1
333
HPQ has 2 day bear harami candle pattern, and also a 9 day and 2 day poss bear double tops
320
SMN here could work, or at 3:57 PM, or both, for swings
318
412---420 initial AAPL lower trgt,,,see even lower later
313
buy signal into the close for oil uco
306
also on TLT, notice that the 60min 41,3,3 stoch went under 20, but the rsi 14 on 60min stayed near 50,,,often bullish,,,aka "buy the dip" setup,, but recently TLT has had some vicious moves, both up and down,
303
TLT could go lower, but i think it has spent enough time on the 60min chart without going lower, the sideways is bullish for TLT TMF,,imo
257
APL hit the .94 "move higher" trgt but has stalled,,,still see higher APL in coming hours days
256
UCO scalpers may get 1-1.5% profits before close today
250
SELL signal on the euro, at 74% confid now,intraday,,for higher EUO into the close
239
3907 first small trgt on UCO, about 1%ish profit,,,swing trgts higher of course
238
UCO in, 3860,,, starter position only, oil long
234
uso or uco are oil long etfs
233
or one could go long here on oil at 9640ish with a stop at 94.70, but must be willing to get stopped out and possibly re-enter long again, and the re-entry might be at a higher pricde
231
CL short term oil---imo looks like one more move down, then maybe go long on it,, next move down may not be a lower low, on 60 min chart
2263
in restaurants, i still like PNRA long, but no entry yet,,daily PNRA looks good, the 60min has a bull coil forming but wanting to enter PNRA either lower, or higher, from here,
158
APL hit its .94 pivot: watching if it can accel back toward its highs now
149
APL 2 cents from another possible intraday breakoug higher,,,needs .94
143
AVL APL AAPL AAP ...oh my what an opp for typos on order entries LOL,,such similar symbols
142
above the mkt at 3794 APL could work into the close,
140
15min TLT chart appears to be bull consolod intraday on TLT
138
APL earnings on Feb 20,,,looking for a run up on the stock before that
137
watch TLT during the 2pm--3pm hour,,,often it will lead the spx and give clues
129
basic materials bull IYM is down lower since price a year ago,,,vs spy near the same price as year ago, hence SMN idea
122
IDEA: also i've been watching SMN which is bear basic material, and thats ready for an aggressive 1/4 size here at 1446ish, and perhaps another 1/4 entry at the close today
117
i plan to reshort chrw, but waiting a bit,,,days maybe, think it will break under 61
100
ES hit 1319 agress scalp trgt from 11am from 1324.50, and almost made 1317 trgt (hit 1317.50)..5-6 points profit on second half of that idea
1145
1322.25 possible stop, for scalps, 1320.50 last,, es could bounce despite this neg move down
1144
agressive scalp 1324.50 from 1107AM could take 3 point profit here on half, and tighten stop on other half,,,swings would have looser stops
1142
HPQ has done it. PArabolic SAR is broken lower
1133
3848 last, so that trgt is a bit far away, stretch
1133
If APL hits 39.20 today it would be almost a 6% move from yest close, and i'll take profits on half or all of it there, from entry yest, and look to buy it back again lower
1130
overnight the ES hit my 1317 target from day b4,,,was overnight low, but didnt make it by the 4:15pm timeframe, rathher hit it later in session
1129
HPQ testing the parabolic SAR support on 60min chart, looks breakable lower
1127
if the 14,3,3 stoch on 3min es gets back over 80, AND es is under 1326,,it may make another nice short entry,,,will takje time to bake b4 getting there
1126
TLT and TMF,,,still buyable long imo,,,as alt to shorting ES SPX
1123
HPQ running ahead of ES now, moving lower faster on HPQ
1120
wow APL overshot its 3820 trgt,,,blew past to 3836,, it has poss momentum to shoot up another 1-3% now
118
sell signal confid "probably" wont move over 74% for at least another hour, even if ES loses 10 points b4 then,, the 78% confid usually comes on the failed rally after move down (similar to shorting the wave 2 up in elliot, in anticipation of larger wave 3 down, tho it doesnt use elliot)
1114
3820 trgt near on APL now, watching reactions long
1112
if TLT moves over 119.60, watch out below for ES SPY, imo, last 119, but theres lots of intraday resist on 60min tlt that it would need to break,,,,i believe TLT will break higher in coming hours days
1111
74% confidence on the sell signal ES
1109
agressive shorts could work here, 1324.50 ES
1108
71% confid now,,it can change fast that signal, fwiw, while es still at same price 1324.50
1105
67% confid sell signal on ES now ,,,last 1325,,,too early to enter,,needs 74% for early entry and 85% to move,,,watching the signal (intraday signal not swing),,but often at this area it means "tighten stops if long, or take long profits"
1100
a close of AAPL under 450 may warrant adding more shorts
1059
AAPL has a poss bear mornig star candle pattern setting up today, a 3 day pattern with today as day 3
1056
SMN is another alternative,long, but not ready yet (bear basic mat etf)a
1056
HPQ is alt short to DOW and nasdaq and spx, hpq flat today vs SPY up .34%
1054
apl approaching first trgt 3820, last 3796,,a stall or pb may happen there,,,if it blows thru it, would be v bullish for it, but expecting stall (resist is resist till broken)
1051
a LONG oil opp may present next, or poss short the rally,,,i'm on sidelines now
1050
stopped out of oil 9650, never made the 9500 trgt, out of shorts from 103 and 101
1048
today's volume in BAL is already higher than yesterdays TOTAL volume :) , nonetheless commodoties trades are not for the faint of heart, can be very volatile
1043
cotton BAL is putting in a bullish harami reversal higher pattern on daily chart and it broke over 60min resist this morn
1034
marginal break on APL over yest highs, watching to see if sustains and accel to 38.20 to consolod up there awhile
1033
expecting LINE to do what ANN did today
1030
4% initial profit target in line from here, then 10%, 20% over time
1030
idea: LINE is also shortable here, i'm not adding since i'm already in
1028
AAPL is on bothg a midterm short swing setup, and a QuickSwing short, imo
1018
finally shorted AAPL 455.55 after months long in it (out of longs since 444)
1016
BAL long here at 5840 (cotton etf),swing
1011
imo, the larger move down on SPX may not come until tomorrow (after reports) or next week
1008
it doesnt affect buy decision, but small bones, APL will pay a 55 cent dividend on Feb 3
954
i may add more APL higher, at 3851 buy stop above the mkt, later
951
on daily SPY, has anyone noticed that bearish OBV divergence. on balance volume.
945
APL long is still buyable, now, for poss profits today or in next 2 days
943
looking for APL to wake up for its swing long, it is now back near breakeven after a 2% drop from entry
941
oil shorts via sco: waiting for oil trgt 9531 to take profits from 103 and 101 short entries, for 14--16% profit on sco,,,stops tightened in case it wants to rally
940
the move up in TLT could be powerful, swing, to 121, 122, 124, 128 trgts
938
TLT and TMF are at 60 min support test now, could go either way here,,,if lower i may buy more TLT TMF (already have some from yesterdays close)
920
News: Ann Inc Sees 4Q Below Views; Head Of Ann Taylor Segment To Depart. I had no idea that this news on ANN INC was "coming",,but this is a good example of how the charts "price things in" even without knowing news. "something" has been wrong with Ann's chart for the past 3 weeks, and "someone" knew about it, which prompted my short entry, tho I had to wait a bit for it to kick in.IDEA: consider HPQ short instead of or in addition to SPY shorts: notice HPQ is not much higher now than nov 16,, vs SPY much higher, HPQ is weaker imo and "safer" in HPQ if SPY goes up
400
APL did not hit daily trgt to sell,,,,i'm RAISING the trgt limit sell order higher to 4070 for now
400
TLT closed 119.12,,, 2 cents from the est 119.14 estimate
355
above mkt, buy stop 1463, i'll add more smn,,,prob wont hit it today
350
EUO--if it closes tomorrow over 1975, should get over 20 in following days for a run to 2080
349
119.14 TLT close, or higher, would be good for TLT
likely close near there
346
VXX has a poss morn star bullish forming, 3 day pattern with today day 2, a gap up even if small tomorrow on vxx, would give the day 3 candle,,not trading it,,,just fwiw
343
changed time to buy SMN from 3:57, until now, still same price 1445 last
340
i dont think HPQ will make it over 2865 b4 close, .58 last
337
unusual to be long commodoties oil and cotton, and also "near long" us dollar since short euro, but commod relation to dollar,, ESP in OIL, is not always 1:1
333
HPQ has 2 day bear harami candle pattern, and also a 9 day and 2 day poss bear double tops
320
SMN here could work, or at 3:57 PM, or both, for swings
318
412---420 initial AAPL lower trgt,,,see even lower later
313
buy signal into the close for oil uco
306
also on TLT, notice that the 60min 41,3,3 stoch went under 20, but the rsi 14 on 60min stayed near 50,,,often bullish,,,aka "buy the dip" setup,, but recently TLT has had some vicious moves, both up and down,
303
TLT could go lower, but i think it has spent enough time on the 60min chart without going lower, the sideways is bullish for TLT TMF,,imo
257
APL hit the .94 "move higher" trgt but has stalled,,,still see higher APL in coming hours days
256
UCO scalpers may get 1-1.5% profits before close today
250
SELL signal on the euro, at 74% confid now,intraday,,for higher EUO into the close
239
3907 first small trgt on UCO, about 1%ish profit,,,swing trgts higher of course
238
UCO in, 3860,,, starter position only, oil long
234
uso or uco are oil long etfs
233
or one could go long here on oil at 9640ish with a stop at 94.70, but must be willing to get stopped out and possibly re-enter long again, and the re-entry might be at a higher pricde
231
CL short term oil---imo looks like one more move down, then maybe go long on it,, next move down may not be a lower low, on 60 min chart
2263
in restaurants, i still like PNRA long, but no entry yet,,daily PNRA looks good, the 60min has a bull coil forming but wanting to enter PNRA either lower, or higher, from here,
158
APL hit its .94 pivot: watching if it can accel back toward its highs now
149
APL 2 cents from another possible intraday breakoug higher,,,needs .94
143
AVL APL AAPL AAP ...oh my what an opp for typos on order entries LOL,,such similar symbols
142
above the mkt at 3794 APL could work into the close,
140
15min TLT chart appears to be bull consolod intraday on TLT
138
APL earnings on Feb 20,,,looking for a run up on the stock before that
137
watch TLT during the 2pm--3pm hour,,,often it will lead the spx and give clues
129
basic materials bull IYM is down lower since price a year ago,,,vs spy near the same price as year ago, hence SMN idea
122
IDEA: also i've been watching SMN which is bear basic material, and thats ready for an aggressive 1/4 size here at 1446ish, and perhaps another 1/4 entry at the close today
117
i plan to reshort chrw, but waiting a bit,,,days maybe, think it will break under 61
100
ES hit 1319 agress scalp trgt from 11am from 1324.50, and almost made 1317 trgt (hit 1317.50)..5-6 points profit on second half of that idea
1145
1322.25 possible stop, for scalps, 1320.50 last,, es could bounce despite this neg move down
1144
agressive scalp 1324.50 from 1107AM could take 3 point profit here on half, and tighten stop on other half,,,swings would have looser stops
1142
HPQ has done it. PArabolic SAR is broken lower
1133
3848 last, so that trgt is a bit far away, stretch
1133
If APL hits 39.20 today it would be almost a 6% move from yest close, and i'll take profits on half or all of it there, from entry yest, and look to buy it back again lower
1130
overnight the ES hit my 1317 target from day b4,,,was overnight low, but didnt make it by the 4:15pm timeframe, rathher hit it later in session
1129
HPQ testing the parabolic SAR support on 60min chart, looks breakable lower
1127
if the 14,3,3 stoch on 3min es gets back over 80, AND es is under 1326,,it may make another nice short entry,,,will takje time to bake b4 getting there
1126
TLT and TMF,,,still buyable long imo,,,as alt to shorting ES SPX
1123
HPQ running ahead of ES now, moving lower faster on HPQ
1120
wow APL overshot its 3820 trgt,,,blew past to 3836,, it has poss momentum to shoot up another 1-3% now
118
sell signal confid "probably" wont move over 74% for at least another hour, even if ES loses 10 points b4 then,, the 78% confid usually comes on the failed rally after move down (similar to shorting the wave 2 up in elliot, in anticipation of larger wave 3 down, tho it doesnt use elliot)
1114
3820 trgt near on APL now, watching reactions long
1112
if TLT moves over 119.60, watch out below for ES SPY, imo, last 119, but theres lots of intraday resist on 60min tlt that it would need to break,,,,i believe TLT will break higher in coming hours days
1111
74% confidence on the sell signal ES
1109
agressive shorts could work here, 1324.50 ES
1108
71% confid now,,it can change fast that signal, fwiw, while es still at same price 1324.50
1105
67% confid sell signal on ES now ,,,last 1325,,,too early to enter,,needs 74% for early entry and 85% to move,,,watching the signal (intraday signal not swing),,but often at this area it means "tighten stops if long, or take long profits"
1100
a close of AAPL under 450 may warrant adding more shorts
1059
AAPL has a poss bear mornig star candle pattern setting up today, a 3 day pattern with today as day 3
1056
SMN is another alternative,long, but not ready yet (bear basic mat etf)a
1056
HPQ is alt short to DOW and nasdaq and spx, hpq flat today vs SPY up .34%
1054
apl approaching first trgt 3820, last 3796,,a stall or pb may happen there,,,if it blows thru it, would be v bullish for it, but expecting stall (resist is resist till broken)
1051
a LONG oil opp may present next, or poss short the rally,,,i'm on sidelines now
1050
stopped out of oil 9650, never made the 9500 trgt, out of shorts from 103 and 101
1048
today's volume in BAL is already higher than yesterdays TOTAL volume :) , nonetheless commodoties trades are not for the faint of heart, can be very volatile
1043
cotton BAL is putting in a bullish harami reversal higher pattern on daily chart and it broke over 60min resist this morn
1034
marginal break on APL over yest highs, watching to see if sustains and accel to 38.20 to consolod up there awhile
1033
expecting LINE to do what ANN did today
1030
4% initial profit target in line from here, then 10%, 20% over time
1030
idea: LINE is also shortable here, i'm not adding since i'm already in
1028
AAPL is on bothg a midterm short swing setup, and a QuickSwing short, imo
1018
finally shorted AAPL 455.55 after months long in it (out of longs since 444)
1016
BAL long here at 5840 (cotton etf),swing
1011
imo, the larger move down on SPX may not come until tomorrow (after reports) or next week
1008
it doesnt affect buy decision, but small bones, APL will pay a 55 cent dividend on Feb 3
954
i may add more APL higher, at 3851 buy stop above the mkt, later
951
on daily SPY, has anyone noticed that bearish OBV divergence. on balance volume.
945
APL long is still buyable, now, for poss profits today or in next 2 days
943
looking for APL to wake up for its swing long, it is now back near breakeven after a 2% drop from entry
941
oil shorts via sco: waiting for oil trgt 9531 to take profits from 103 and 101 short entries, for 14--16% profit on sco,,,stops tightened in case it wants to rally
940
the move up in TLT could be powerful, swing, to 121, 122, 124, 128 trgts
938
TLT and TMF are at 60 min support test now, could go either way here,,,if lower i may buy more TLT TMF (already have some from yesterdays close)
920
919
ANN is trading premarket about 10% lower than yesterdays close. i took profits on some ANN shorts here, premarket.
* 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".
Wednesday, February 1, 2012
Wednesday thoughts
417
we could actually gap HIGHER tomorrow as i look at charts, or move higher before lower, but that doesnt negate the swing short half-size entry,,,,imo
411
so close to my 1317 trgt by 4:15pm
408
SPY actually shows higher volume on its 60min move down than its move up, same comparison
400
all on todays chart 60 min ES chart interesting: same vol on move up from 1317--1323 as on move down from 1326--1319,,,churn
355
hmm 1317 would be nice by 415pm....under 1317 i might add more SPY shorts afterhours,,,else will run with half size spx shorts, in addition to existing individ shorts in various stocks
351
the swing signal usually goes: enter trade, hold trade, exit trade,,, this time it went : enter trade, dont exit, enter again, ,,,,,that is rare
345
my QuickSwing signal yest said "stay short",,,LOL it went to "add shorts spx" today, despite this move up,,,,,,,,,,,,
went back on short at 1325,,,unrelated to prev mentioned "78% confid scalp " signal...they are 2 diff things, not related
339
new APL position is down ,,,but holding it as still think it will pop higher, sqwing, entered too early
338
1317 trgt if 1321 breaks
336
took small 3.5 points profit on half of the es shorted earlier today
334
thers the small 1321 trgt hit, watching reaction here
323
same plan if it hits 1321
322
watching same #s : 1321, 1317 es
322
still on 78% sell on ES ,,,LOL,,not moving much still
249
CHRW is not offering re-entry, has not move much since todays 7% drop, i would consider adding in this area if it does not bounce, but wont add today,,,if it starts to settle here then may add the shorts back
248
at 1321 ES i might take off half, for small 3.5 point profit,,,will watch reaction there to see if blows thru it or not,,, 1317 may be achievable so will watch
246
still at 78% confid on ES sell signal intraday
235
but 1321 has support, watching that area next ES
231
119.25 TLT buy signal, back in TLT TMF
211
added #3 short, 1324 ES,,there is no price improvement, earlier entries were better price, just adding more shares so i can scale out later,,,the move down may not be huge
209
at 78% confid now
204
watching 1323.50/1323.25 ES
152
1323.50 es will put it up to 78% confid sell, satisfying the donchian piece of the algo
143
needs 85% confid to really move
143
74% confid, sell signal on ES triggered, at 1325 last
110
60min HPQ setting up a big bear diverg on macd and rsi both, i remain short hpq,,the daily chart for HPQ the past year is much weaker than SPY DIA or QQQ
1243
added more shorts, 1324.50,,,#2 of poss 4 entries,
1225
it may go for 1330, why i only added initial entry #1,,,
3min charts are throwing off some warnings on ES tho, why i chose to try some early at 1325
1229
shorted at ES 1325,,,entry #1, early entry, may add higher or lower more
1225
will ES test 1329--1330? watching
1224
intraday short scalp is setting up, too soon for entry imo but opp may present soon
1144
TLT or TMF may be ready long in 2-3 hours more,,,still waiting on those
1143
SMN bear basic materials may present poss entry short, alt to TZA or QID or SDS shorts,,,i'm not entering yet but its on the focus list
1130
if APL goes to 40 trgt, will give 6% return, timing analysis is always iffy, but i think APL can move in the next 1-3 days, similar characteristics on my indicators to ONTY tho chart looks diff
1121
bought APL 37.70 to 37.72, swing long
1101
chtr QuickSwing from yest up 2%, planing to take profits in the 3% area near 59.00 if able
1055
Just got back, took profits on CHRW short from a few days ago since it hit the 7-8% profit area. will look to re-enter again later. Also looking to buy back TLT TMF that i took 10-12% profit on yest. HPQ shorts are still underwater, being patient with them, still holding for now.
906 AM
Despite fact that ES s up 9.5 now, CHRW short suggested a few days ago is set to gap sharply lower today, perhaps a 6-8% drop from yesterday's close. I see lower in the coming days weeks, but I'll take profits this morning if it gets to the 7-8% profit area from recent entry. I'm posting early now since I will be out this morning.
* 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".
we could actually gap HIGHER tomorrow as i look at charts, or move higher before lower, but that doesnt negate the swing short half-size entry,,,,imo
411
so close to my 1317 trgt by 4:15pm
408
SPY actually shows higher volume on its 60min move down than its move up, same comparison
400
all on todays chart 60 min ES chart interesting: same vol on move up from 1317--1323 as on move down from 1326--1319,,,churn
355
hmm 1317 would be nice by 415pm....under 1317 i might add more SPY shorts afterhours,,,else will run with half size spx shorts, in addition to existing individ shorts in various stocks
351
the swing signal usually goes: enter trade, hold trade, exit trade,,, this time it went : enter trade, dont exit, enter again, ,,,,,that is rare
345
my QuickSwing signal yest said "stay short",,,LOL it went to "add shorts spx" today, despite this move up,,,,,,,,,,,,
went back on short at 1325,,,unrelated to prev mentioned "78% confid scalp " signal...they are 2 diff things, not related
339
new APL position is down ,,,but holding it as still think it will pop higher, sqwing, entered too early
338
1317 trgt if 1321 breaks
336
took small 3.5 points profit on half of the es shorted earlier today
334
thers the small 1321 trgt hit, watching reaction here
323
same plan if it hits 1321
322
watching same #s : 1321, 1317 es
322
still on 78% sell on ES ,,,LOL,,not moving much still
249
CHRW is not offering re-entry, has not move much since todays 7% drop, i would consider adding in this area if it does not bounce, but wont add today,,,if it starts to settle here then may add the shorts back
248
at 1321 ES i might take off half, for small 3.5 point profit,,,will watch reaction there to see if blows thru it or not,,, 1317 may be achievable so will watch
246
still at 78% confid on ES sell signal intraday
235
but 1321 has support, watching that area next ES
231
119.25 TLT buy signal, back in TLT TMF
211
added #3 short, 1324 ES,,there is no price improvement, earlier entries were better price, just adding more shares so i can scale out later,,,the move down may not be huge
209
at 78% confid now
204
watching 1323.50/1323.25 ES
152
1323.50 es will put it up to 78% confid sell, satisfying the donchian piece of the algo
143
needs 85% confid to really move
143
74% confid, sell signal on ES triggered, at 1325 last
110
60min HPQ setting up a big bear diverg on macd and rsi both, i remain short hpq,,the daily chart for HPQ the past year is much weaker than SPY DIA or QQQ
1243
added more shorts, 1324.50,,,#2 of poss 4 entries,
1225
it may go for 1330, why i only added initial entry #1,,,
3min charts are throwing off some warnings on ES tho, why i chose to try some early at 1325
1229
shorted at ES 1325,,,entry #1, early entry, may add higher or lower more
1225
will ES test 1329--1330? watching
1224
intraday short scalp is setting up, too soon for entry imo but opp may present soon
1144
TLT or TMF may be ready long in 2-3 hours more,,,still waiting on those
1143
SMN bear basic materials may present poss entry short, alt to TZA or QID or SDS shorts,,,i'm not entering yet but its on the focus list
1130
if APL goes to 40 trgt, will give 6% return, timing analysis is always iffy, but i think APL can move in the next 1-3 days, similar characteristics on my indicators to ONTY tho chart looks diff
1121
bought APL 37.70 to 37.72, swing long
1101
chtr QuickSwing from yest up 2%, planing to take profits in the 3% area near 59.00 if able
1055
Just got back, took profits on CHRW short from a few days ago since it hit the 7-8% profit area. will look to re-enter again later. Also looking to buy back TLT TMF that i took 10-12% profit on yest. HPQ shorts are still underwater, being patient with them, still holding for now.
906 AM
Despite fact that ES s up 9.5 now, CHRW short suggested a few days ago is set to gap sharply lower today, perhaps a 6-8% drop from yesterday's close. I see lower in the coming days weeks, but I'll take profits this morning if it gets to the 7-8% profit area from recent entry. I'm posting early now since I will be out this morning.
* 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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