wedn thoughts

[15:53:17] TMV did not hit its target today, will hold it
[15:54:15] cancelled sell at 53.70 and raised target to 54.20, for now,,,,when its this close to trgt and misses, it usually overshoots the target, hence the higher # for now,,on half of position, to hold other half for higher

[15:42:37] this 72% signal is less reliable today due to decreased participation
[15:31:07] at 1410 es, but needs 74-80-% to move
[15:30:11] 72% rang on es long bias into close, es 1410 last

[13:23:48] same trgt on upro, 87.00 and 87.70,,,still have order set for 87.70 for now

[12:30:48] intraday 1405 es held on the first test there,,,normally a piercing of that type of minor support lower would happen,,imo failure to pierce is bullish
[12:31:03] 10:57am-ish test
[12:31:46] watching to see if it tries to test it again, lower

[11:23:13] new candles on todays chart 1030am--1115am put TMV trgt bull flag at 53.65, which just so happens to be v close to yesterdays 4pm and this morn 9am trgt of 5370

[11:04:00] GDX and NUGT are finally moving down a bit after waiting a few days,,,still not valid for re=entry long imo
[11:04:41] but a move still lower, followed by some basing sidesways candles on the 60min charts could set up a swing long for re-entry,,,not ready yet but developing


[10:52:15] testing 1405 ES support now,,,break lower and move higher trade still valid if it presents, from 930-10amish posting,no setup yet

[10:01:38] a move under 1405 ES that does not go lower than 1399
, followed by a move back above 1405 with a 3min candle close would give a buy signal intraday

[09:54:12] TMV up 1% from yest close, while upro up just 0.3%,,,,mentioned yest that the treasuries tmv tlt would likely provide bigger range

[09:51:08] TLT 124.70 trgt,last 125.39

[09:45:28] TLT "should" make a lower low under 125.35 today,,,if it bounces poss scalp trade intraday, i remain swing short with same trgts on first half

3x bear treas etf is TMV

[09:37:13] tlt testing 15min and 60min supports rite now

[09:36:01] if TLT does not make much of an effort to fill the todays gap in the next 15-30 min,,,gap theory suggests a lowere intraday low would be made,,,

[09:09:53] i will take gains on half of TMV if it gets 53.70, and UPRO same # as yest 87.7,,,may adjust later

also considering longs in silver or gold while waiting for re-entry into gdx,,,watching for poss setup

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".