Wednesday thoughts

[15:53:53]   MIND is another one of those volatile stocks. look at the daily chart. today's candle looks small, but the high to low spread is 2% range today LOL

[15:39:39] daily RSI on USO has a nice bull diverg

[15:26:40] a USO move over 31.00 woulod suggest strongly that the bottom is in for USO oil, and higher
[15:27:17] thats about equiv of over 26.20ish UCO
[15:21:00] also look at VOLUME on USO
[15:21:05] see how big it is?
[15:21:26] "down here" thats not bearish imo,,,sellers will get exhausted,,,,its at the bottom not the top, thus i remain long oil via UCO

[13:02:36] NUGT hit its trgt in this whipsaw, took the quick 2 hour profit, will look to re-enter again later
[13:02:49] limit order filled

[12:19:15] i removed stop from UCO for now, waiting and holding initial position, not adding, red 5%ish atm

[11:20:07] obviously 1300--1310ish area is an interim trgt for NUGT from 1270 (simple 3min resist prior high)

[10:52:20] 1347 trgt 1 for nugt, higher trgts later, will sell all in small port there if able and buy again later, large port will sell only some of it
[10:35:13] long again in NUGT GDX initial entry may add more later
[10:27:49] DIS hit 48.00 today, nice move from 44.26

[09:45:37] TLT short / TMV long is a good example of both the disadvantages and advantages of "scaling in": disadvantage, only had a small position, so percent profit looks nice is misleading because of fewer shares, less dollars,,since an opp never presente to "add to" the position,,,, advantage: got a small profit

[09:32:10] TMV hit 56.00 trgt from 53.3 yest or day b4, order filled at the market 5600--5602
[09:26:57] TLT currently trading about 70 cents below yest close, set to gap down

[09:25:36] small port TMV (3x tlt short) same trgt as yest, i have order to sell at 56.00 (below trgt 56.24) for small port all shares, large port order to sell half of remaining shares

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".