Friday thoughts

[16:00:48] TLT held the 124.80, but is in a precarious position here
[15:47:14] this reaction here at resist test could be signif and carry on thru monday if it breaks higher
[15:47:18] es

[15:36:56] TLT should stay over 124.80 today, if not then it could move much lower, send the spx much higher, in coming hours days

[15:04:41] MIND is waking up here, maybe
[15:04:50] just broke 15min resist chart
[14:17:15] although this time the RSI went really low, suggesting that a bounce is coming, BUT the low rsi also suggests that a bear market in oil may be approaching (months not days)

[14:15:50] the last time USO oil had an rsi bullish diverg like this was october 3, and we know what happened after that, daily charts
[14:08:02] for swing, uso is on "hold 1-3 more days"
[14:08:19] if it pulls back in that time then i will buy dip, else i'll run with what i have now

[14:06:42] SLV and GLD have new ones today too
[14:03:28] im not sure if it will work, but GDX NUGT have the same "go swing long" signal that USO UCO got yesterday, for multiday swing holds

[12:35:03] uco hit 24.67 near the .70 trgt, 2620 above is heavier resist and that one is a swing trgt (vs scalp trgt at .70)

[11:59:22] shows how volatile MIND is: mind individual stock is up 1.7% today, the 3x ERX is up 0.4%,,,mind at 4 times the volatil of a 3x LOL

[11:44:09] oil uco looks like it wants 2470 test next higher
[10:20:27] that stuff is wild tho, 2-3% intraday moves
[10:19:24] NUGT GDX now back at scalp long levels
[10:19:37] 1104 nugt
[10:09:02] USO price made a lower low on June 21, rsi a higher low, hence the diverg[10:07:29] The daily bull diverg on USO oil: RSI looks like it may be completing today, from June 11 and June 21
[10:07:50] still in formation but may be finishing
[09:59:08] 2.5% - 3% profit on nugt scalp, 15minutes
[09:58:16] scalpers could take gains in nugt hhere at 1134 from morn entyr 11.01 nugt
[09:58:29] gdx at resist, swing i'm holding longer nugt

[09:30:18] imo GDX NUGT are buys here, or yest near close, 44.72 gdx,, 11.01 nugt
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".