Friday thoughts

359
out of SLV near breakeven, holding the gold

312
TLT  "should not" go there, TLT should close near this area

311
a TLT close below 123.50, i might add more longs on spy tna or other mkt indice, long swing

309
71% long SLV scalp signal just range, needs 78--85% to move

306
watching TLT again from 3pm--4pm to see if any significant move takes place, or if it hangs around at this price level

206
important price level as well as 2pm time for TLT: testing resist and trying to break it higher, but watching reaction,,,still see lowr TLT later

130
added more SLV small port,

119
[13:18:54]   but i dont have too many shares in slv, i may add more later, if it does not move today i'll hold the lil piece swing,,,
[13:19:38] if next SLV pb on 3min chart is above support i will add more, if below support wont add, and will look to exit later

113
looks like SLV will break to new intraday highs

110
long SLV

1250
silver SLV or AGQ may present some scalp opps long, or poss swings,,,btw silver is more volatile than gold, watching for poss SLV entries to supplement gold

1244
[12:43:19] out of GNC
[12:43:47] only a half percent profit on it, but it plunged 2%ish after i bought, so exited to reduce risk
[12:44:18] have exposure to mkt in other positinos, no need to hold the GNC after that craziness, tho i still see it higher

1236
[12:36:23] maybe back to 1800 on gold later, will see
[12:36:40] as bond holders exit bonds to buy gold, imo


1101
[11:00:35] exited GDX NUGT, will look to buy later, NUGT moved 29%ish higher in 2 days
[11:00:57] still see higher NUGT, will look to re-enter later, still have a related prescence via DGP GLD

1052
long GNC ,, enough shares in GNC to take scalp profits if it moves, and hold rest for swing longer

937
Gold futures are higher, playing out the pattern that was the inverse of the prior "short oil" pattern,,,both were similar patterns and stats but gold was just flopped inversely

931
GLD gapped up 1%ish, GDX gap up 2.5%ish, NUGT gap up 8%ish DGP gap up 2.4%ish

928
ES went lower overnite to 1294, then to 1309. It did not quite make the 1311 test that was posted yesterday as a target.


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".