Friday thoughts

[16:00:25] theres 1357, trgt es from 2:17pm,,tho nothing magical about it,,,,simple horizontal resist

[15:56:29] TLT is NOT on a buy long swing yet using same system as short spx, one reason among many i'll just wait
[15:56:41] they work better when they r in sync

[15:48:44] using one strategy, SPX IWM triggered swing shorts here, but i'm not taking it,,,will wait this one out,,,and triggered tza long
[15:49:07] 1 to 9 day hold time, avg under 4 days


[15:44:57] silver also up nicely today 4%ish slv

[15:38:28] uso oil hit the 3200 trgt area and is being held under it
[14:27:17] es may go after 1357 today, simple prior daily hi
[14:16:31] i'd exit the tza if i were in it, breakeven, could pop higher but not worth risk imo
[14:06:40] tza scalp could work here, but i'm not takin git
[14:06:50] 18.21ish

[14:04:07] if ES 1346 breaks today lower, it may cause more selling, watching mini support there, but over that bullish intraday

[13:19:14] took off gdx and nugt daytrades here too
[13:19:21] keeping nugt gdx swings tho
[13:20:52] 1.2%....3.5% gdx nugt daytrade gain,,,3% and 9%ish gains from yesterdays entries
[13:16:49] took some off here in uco, 12% is a lot in 1 day
[13:14:19] i might take some of the oil swing off today and try to buy back lower, but will def keep some
[13:14:22] uco
[13:14:53] my plan was always "sell on a big up day some of it"

[13:11:40] i still would not short this, even tho it made the required "round trip wait" posted earlier, spx
[13:10:22] ES now testing resist,,,impt resist test here
[13:01:23] watching to see if GDX can hit todays high, then 4540
[12:35:10] GDX hit 4460, over 4457 trgt, watching reactions and trgt 2
[12:15:48] ES 1343 or 1337 areas may be bought on first try there,

[11:59:41] i have a feeling that spx might have bottomed, and is going to break 1367, but will wait to see what the charts develop

[11:23:13] 4457 resist 1 scalp on gda, then high of day
[11:20:15] i have a breakout signal on gdx 3min, why i added more at same price
[11:18:32] added more gdx, near same price as b4, 44.34,,,,didnt have many shares to start,,,still only half full

[10:49:57] for scalp, bought position one in gdx 4436, may add more, bought back only part of what was sold this morn,,seperate from the gdx swing piece

[10:27:53] if SPX get to 1370,,1375,,,thyat could cause a short covering
[10:26:25] if ES does not test 1337, bullish imo for higher over 1350, watching to see how these charts develop, nothing complicated, simple horizontal support
[10:20:57] since may 21 on spx, what's there? a higher hi, and a higher low, and now spx trying for another higher hi
[10:16:43] for daytrades, the first dip will likely be bought, since there was no selling pressure at the open,,,imo i'd wait for a decline and then a bounce and short that bounce, not here, for daytrades,,may take awhile to form,,also spx may just dribble sideways all day

for now i'm on sidelines in spx scalps and may not do anything today with them
[10:08:40] 1347 to 1357 ES resist zone, it may try for its upper limit

[09:25:17] ES hit 1349, considering the 1350 trgt posted yesterday as achieved....still see higher ES possibly later but will watch and see what the charts do now


[09:18:35] gdx up 3.5%, nugt 10%, uco oil up 8%ish,,,taking profits on some shares makes sense, tho the swing trgts call for still higher prices in them all


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".