Friday thoughts

[15:55:13] exited ALTR 0.7%ish loss, holding other longs
[15:55:32] have "enough" long, want to reduce risk at expense of taking a small loss now on it
[15:55:42] small port, out
[15:28:57] NUGT small port, took the 4.3% profit, exited
[15:29:02] large port, holding some swing
[15:29:16] will look to reenter later nugt,


[14:37:08] TLT selling at 2--3pm hour is not good for TLT, and is often helpful to spx

[14:35:10] TLT looks headed to 124.50 lower, helping the spx

[14:23:55] TLT did not make .40, was rejected at .30, good for spx bulls intraday

[14:07:58] if TLT gets over 125.40 it could cause some chop on the spx ripple affect
[14:08:06] 125.16 last tlt

[13:29:27] watch to see if nugt breaks out here
[13:29:35] i think it can, tho resist is resist till broken

[13:24:05] still holding all shares of NUGT in small port, at 3% gain from entry this morn but holding it for the higher prices

[13:20:38] took small 1.3%ish profit on FRX from yest,,,its below trgt, still see higher but have other longs so exiting here, and will look to buy back later

[13:15:17] TLT now approaching 125 area, a move down from 127ish high today, 2%ish,,,

[12:38:42] FRX has marginally broken yesterday's high on its first try, bullish for frx,,,and yest high was a break over rectangel resist on daily chart

[12:12:38] FRX hit 3554 or a few cents from prior hi made yest, watching to see if it can break over this area to next trgt zone

[11:45:17] small port i plan to hold the FRX thru the test of 3560 and probable pullback on test, pb would be normal, but its a swing so i'm holding it, not actively trading it unless the decline from test is "too big", if that happens then will re-eval

[11:42:05] FRX looks headed to test 35.50/35.60 area, and possibly break it higher, daily chart

[11:39:18] that was 3min decline on gdx chart,,,could stil head lower b4 it finishes tho its bouncing again now,,,expected possibility of lower than this, if that was "it" for the 3min decline, would be bullish intraday for gdx nugt

[11:18:03] small port nugt: i intend to hold this all the way thru the next 3min chart decline and bounce all way back up, unless it just decides to surge higher first,,,

[11:05:20] large port nugt at 2.5% + trgt on partial shares, holding small port 100% shares longer

[10:50:08] large port makes sense to take quick 1.2%ish gain on nugt,,,small port holding all share for higher
[10:50:23] nugt

[10:29:39] will scalp and or swing NUGT, like yesterday
[10:28:35] long NUGT, i bought a bit earlier than expected, looks like a pop here possible

[10:20:56] next pb in GDX NUGT looks tradeable long imo, watching for entries,


[10:01:34] TLT back in the re-short area 127, or tbt tmv longs,,,,waiting for re-entry but the setup is forming


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".