Note: I'm only posting occassionally here today. Taking a little break.
TZA daytrade plus SSO daytrade made back loss from yesterday, plus an additional profit.
TZA: closing my tza swing ...breakeven. dont like this action. last 1239. I did expect the decline, which is why i bailed on the daytrade tza at 12.76 at 12.32 cost for 3.57% (12.76/12.32)
TZA: there is a coil in tza 60min chart that just touched my speculative DTL of the coil, verifying that a coil is in place with 2 touches. this suggests that TZA could chop around on Monday, and should resolve in a thrust upward, but i'm on the sidelines with adding more tza. it could go back to 12.17 though i don't expect that. last tza 12.40
SSO stopped out at .67 sso...made profit on both.
SSO stop .67
TZA hit close to my .45 buy more price, but i'll pass. will wait till monday for more.
3:48
sold half sso .74. will keep other half into close.
stop .63 on other half.
3:33
quick trade sso 36.57 stop 36.47... not holding overnight.
3:23
TZA swing bought at 12.32. I am looking to add to the position if able today ...maybe at 12.45ish... but not yet. last tza 12.68.
3:05pm
just sold tza daytrade piece at 12.76 from cost 12.32. looking to buy back one more time today.
2:29 pm
TZA is behaving. Didn't come close to the 12.17 lowered stop. last 12.47. I will hold the tza as swing, and take profits on other half as a one day trade.
1:34
changed stop to 12.17
12:57
Bought TZA back at 12.31, stop 12.22. I am running tight stops in order to find the right entry, to protect against another surge down.
TZA did not breakout higher over .76 as I expected, so I exited that with a small loss.
I am looking to see if TZA puts in a higher low today, if so, I will probably re-enter it as swing...but my other setups and signals need to confirm that. I won't enter just on the higher-low alone.
* 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, November 13, 2009
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thanks alot Chris, appricate your posts. wayne
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