Wedn thoughts

[15:58:09] 2%ish gain nugt daytrade, 1%ish uco,,,,still holding swing pieces seperate acct

346
MM still buying this lil dip


[15:39:52] buying again MM,,,will stop posting ,,,they r too active
[15:37:40] MM selling now a little, if they dont stop i'll exit

[15:36:27] still buying at 3min resist
[15:32:09] holding second half of gdx scalp until MM start selling or stop buying
[15:23:37] looks like they r trying for 1332 es, prior daily hi
[15:19:07] MM still buying gdx here, at higher price, at least for now, 44.30
[15:12:13] Market Makers gently buying at mini resist .25 on gdx not selling it,for now anyways, applies intraday

[13:15:46] this could be the start of a move to 1350 ES
[12:56:22] GDX nugt at 1% and 3% trgts from scalp entry this morn, 4450 gdx
[12:56:34] 4470 next trgt, continuing to manual trail stop higher on remaing half

[12:36:39] GDX continues pushing resist on 15min chart
[12:10:21] GDX now pressing against 15min resist,,,idk if it breaks it higher or pulls back, watching reaction, but 15min suggests higher even if pb first
[12:01:03] GDX 4450--4480 next trgts higher
[11:50:00] GDX has bounce back up to the prior 44.30 trgt, half off, and watching to see if it goes higher, scalp piece,,
[11:14:40] if nervous, nugt gdx scalps could exit here near breakeven or small profit, i'll keep mine for now,,, GDX is v volatile and could also easily pop higher

[10:24:12] GDX needs over 4430 to really move,watching to see if it can get there
[10:17:24] gdx and nugt are in the scalp buy long range here imo, in gdx 4403

10:17
out of USO scalp, 1%ish profit, scalp ,,,holding UCO still

[10:12:56] it does not always work, but has good success rate: if a stock gaps higher, and does not pb much or start to fill the gap much in the first 10-20 minutes of trading, it will often make a higher intraday high over the 9:45 AM high,,,simple gap theory, for quick trades scalps, like uso today, see post from 9:49 AM post
[10:10:03] uso 3050--3070 trgts to start
[10:06:30] oil now testing daily high, still see a break higher on it, oil
[09:49:32] USO oil has not made much attempt to fill gap lower in first 15 - 20 minutes of trading, often when this happens, a higher daily high follows
[09:36:30] theres a strong bid this morn at the open here on spx
[09:36:40] watching to see if it sustains or not

[09:31:23] oil is now at resist, larger port makes sense to take some off,,,smaller port will just hold longer

[09:30:27] nice gap up in UCO oil if holding swing, still below trgt tho so holding for
[09:27:58] oil also up, not as dramatically
[09:25:10] sudden move higher in gold /GC futures just now premarket

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".