a close below 1482 or 1476 ES.........could mark the top, for swings, if it gets one
339
: DUST just went over the 3400 trgt, 3425 last
320
in this case, "if" the euro gave a lower low from the flag, it would be significant, because that would be a break of a major support area
320
bear flag on 15min euro futrures chart, often get a second lower low with that pattens
314
UVXY has now moved away from even its 5 period moving averag on daily chart, often stocks will bounce when they do that
244
UVXY lkong
209
hit 3445 uso trgt, 3417 next trgt but it might bounce here first,
207
watching to see now if silver will follow oil lower, think it will
200
still see lower USO, but decided on early exit of SCO on stall here...also have zsl dust euo spxu tza, so dont neeed to keep all these short positions,,,will look for op to re-short oil
took the 1.5% gain and ran
159
out of sco, took profits
141
13292 eur/usd may also prompt and exit of oil, at the eur mini supp
140
.SCO order is in for 3800 in case of sudden surge, but will prob sell it at the lower target on stall after next pop up,,,will remain exposed to benefit from rising dollar and falling euro via the swings in ZSL EUO DUST SPXU TZA which I'll keep, then re-enter oil again later and use the oil as an active vehicle vs. passive in the others
139
looks like market makers selling oil down to 34.50 uso level, still selling it here at 34.75
138
in coming hours days, if USO fills that gap 3430ish lower, its likely to go under 3430, after a bounce first...the gap fill should lead to a subsequent break lower later under the gap
138
normally i'd take some off here, but OIL can really really move once it gets started, so holding it thru any chop for now
132
USO lower trgt 34.52....will take profits on sco if uso gets down there, 3474 last
127
SCO nearing its 1% profit scalp trgt 1 from entry earlier today, but holding for now...valid for scalp and or swing
124
oil down while market up? bearish for spx
122
same TZA Inv Bank buy levels: 1120 and 1100
111
OIL is seeing some selling in it by market makers here,
1224
also, oil daily is stretched, with 2 or 3 new highs. often results in pb
1224
why short oil? made a second higher high on 60min chart, and rising dollar, among other reasons, could push oil lower. also, oil may need to "catch up" with gdx on the downside, since gdx often leads (moves first). also notice the higher ERY(related to uso as gdx:gold is)
1111
SCO could be a swing in addition to scalp, valid imo, to supplement other port positions
1107
3750 and 3800 initial SCO targets, then 4050
1106
took profits on DUST in vse port. will look to re-enter later.
also will hold the zsl and sco for now, so still have positions that should benefit from continued euro decline or up in us dollar
1137
supplementing portfolio with SCO (oil short) in additino to the dust zsl...perhaps oil can make a bigger move lower, since oil possible stretched here
1106
bought SCO
1055
if EURO bounces, may present an opp to short silver or short gdx, or long dust 3x zsl 2x dslv 3x
still have swings in all those tho
1047
EUR/USD 1.3310 as a resist level... may be shortable there imo on bounce
1047
actively trading DUST makes sense to take or all off here, less active would just hold the swings
1036
notice how silver moved down, and zsl euo moved up, as euro moved lower
1034
Euro has moved down nicely since 72% alert, and is now approaching mini support, so may stall here, tho still see lower euro (eur/usd)..EUO reacted by moving from 1857 to 1871 in last 15-30 mionutes
1016
EUR/USD just rang 72% sell signal short scalp intraday, at 1.334 or EUO 1857 long sig
1013
1120 and 1098 are the equivalent TZA buy levels, for IWM investment bank sell/short areas
1003
raising DUST trgt to 3404 from 3370, for now, trgt 1 of 8 (mix of scal swing trgt array)
1000
Watching for euro/usd to break under 1.3315, if that happens may see the reaCTINO in spx metals lower
954
IF the EUO holds and bounces, DUST should also react positively, DUST already up almost 3% today from yest close, could push to 7%
953
i have ES 1476 and 1482 main support numbers intraday
952
EUO is right at support: may see a bounce in EUO here and move lower in SP500 silver gold, IF the supp on EUO holds
930
AMD has gapped up 7% from yest close, after earnings
Trades can be viewed at the links below.
http://www.marketwatch.com/game/christopherstockguy-100k-port/portfolio/Holdings
For details on the portfolio see this posting:
* 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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