Thursday, June 28, 2012

Thurs thoughts

[15:59:56] out of half at .34,,,didnt make .43
[16:00:12] took loss on half, to reduce risk

[15:53:57] i'll take half of gdx off and keep half,,trying for 43.43 from 43.56 avg entry today, last .31
[15:51:28] 4370---4400 is "real" first trgt but not likely to get there today
[15:50:22] 43.43 trgt, last 43.29

[15:49:35] my trgt was 43.30,,,it hit 43.32gdx,,, but i think it has one more pop left in next few minutes,,,swing trgts are much higher of course
[15:45:49] now they r buying resistance gdx, should pop higher
338
just hit that level. 30 next mini trgt, then same as posted below
[15:36:21] 43.23 is a market maker level on gdx
[13:48:41] purely from a tech perspective, spx is moving sideways on the daily....no intense damage done imo to bull, yet
[13:47:28] also next week holiday week could see spx move higher on low volume
[13:46:54] on spx, everyone is expecting a huge sell off due to obama-care supreme court ruling. i would not be surprised to see this trap some shorts, and have spx moving higher in coming days weeks
[13:19:06] also look at daily volume on GDX,,,,see the declining volume as it moves lower? imo, thats bullish
[13:19:39] tho today may put in a higher volume "washout" day


[13:09:04] intraday ES long scalp at 69% just rang, 1312 ES
[11:20:31] theres actually an easily identifiable "zone" on the daily chart: 43.66--44.00 (prior daily lows),,GDX
[11:05:23] GDX looks like it will bounce to 4360, then stall
[11:05:28] then pb then higher

[10:30:15] 4322 GDX added, close enought to 4317 "add more trgt",,,it may go lower than 4317 b4 bounce, gdx is v volatile and the targets are tricky when the spx is also volatile at the same time
[10:02:15] fwiw, some of the low volume and small cap stocks have bids under them, which is often bullish intraday esp when news is around,,,,no guarantees but something to watch,,,,and comare themn to IWM TNA TZA
[09:59:03] UCO looks good rite now, daytrade long, too
[09:59:06] or uso
[09:59:25] LOOKS like it may fill gap, or higher

[09:47:02] SPY gap theory, evaluates to null for long short scalp here based on gap
[09:43:26] long GDX quick trade
[09:43:34] diff from gdx nugt swings

[09:35:54] same with GDX gap down, tho atm gdx working higher, so it may see a high over 945 hi instead of low under 945 low,,,something to watch

[09:33:25] watching SPY during first 10--20--30 minutes here, if it does not make good progress at closing the gap, a lower low intraday below 9:45 often follows, same gap theory as yesterdays quick 1 hour long scalp in oil uco uso gap up, but reversed since spy gap down

[09:24:57] that buy area based on 60min bull falling wedge, horizontal support combo, and poss rsi bull diverg on gdx daily and 60m charts
[09:23:49] it might not get there, but i have a limit order for GDX 43.17, for quick trade, can use gdx or 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".

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