Friday, February 22, 2013

Friday thoiughts

359
out of uvxy 5.3% in 5 hours gain
SWINGS" still holding for higher trgts: USLV up 2.13% sco up 1.05%  nugt down 0.41% upro up 1.1%

338
i'm going to close BOTH the XIV swing and the UVXY today...they r volatile and dont wanna hold too long overnite...will prob keep the nugt uco uslv

also the vix in no mans land,,,prfer things at extreme, less risk that way

314
1036 new TZA trgt lower from 1040 slight adj

313
1063 tza sell MM levle

312
UVXY breaking todays low??? :)

300
thats why, often when trading vix (tvix uvxy xiv   etc),,, i say "i want to see where UVXY is at when tza gets 1040"

300
975ish calculated UVIX lower MM level...the vix is a bit  harder to calc the levels than everything else, since the vix is not really "real" physical LOL

256
their mode is "try to buy lower, but if not, will pay this price near 1510... again still thinking  a lower high on daily, but higher than this, maybe 1520ish

253
this looking a bit more bullish... MM are accumulating still which is why price has not soared..but they continue this buying...no guarantees but this "usually" pushes up prices, either today or in comnign days

Earlier, when i posted poss tza rejection in 1-6minutes that erally did not come...at that time it looked like they were done buying and would let the price up...but they didnt

and now data suggests they buy this...they are trying to actually let es lower to buy lower but that lower is not them selling, if lower comes today

237
SPY and ES did NOT form a severe bear rising wedge, which means it can go higher than if it were a wedge

236
at at 1509.50 es,,,72% long ES rang, suggests higher hi

225
in 2--6min...poss rejection of tza...watching, 1065 last

220
does not look like it, but MM getting a little more aggressive buying here, not extreme but more than b4...watching to see if this causes a bounce or not to new highs intraday

1509 last es, last tza 1063


211
long USLV silver

141
thus far, tza levels are holding near perfect

141
MM continue to buy and buy here, gently but relentlessly, have not dropped those bids...still watching to see if they pull the rug out, until then, bias up

120
LOL the nugt candle green looks big on the 3min chart,,,but narror range not really as big as it looks, per 60min chart

117
1030 UVXY i might add more shorts if it goes there b4 lower, still at 4% gain thus far

111
MM are buiying again,,,,1510,,,watchinfg for hammer 3min candle

101
if tza hits .60 and gives a lil shoot star...would show MMselling it

1258
SPY hit its 151.60 trgt...so watching carefully now...tho tza still more room lower,,,tricky here

1258
tza 1040 may prompt me to take profits in uvxy, last 1056, exit may be fast....

1257
1510.50 ES...buy level MM

1248
these bearish rising wedges have a habit of breaking HIGHER before the bearish phase kicks in lower

1247
3 min chart on SPY ES starting to look tired and overbought...BUT it can stay this way awhile, until they drop that bid...wedge behavior

1246
i'm watching carefully the screen to see if they drop that bid tho...

1246
 MM buy level still 1509..so close to price lol

1245
see that wedge..15min spy, 3min spy? still has higher tho
thats what i was talking about earlier


1242
this action...is Market Makers buying, not retail
 imo...everything posted always "imo"  LOL


1239
us dollar UUP daily chart ...another example of "too far away" from daily 5 MA...suggests sideways lower in UUP and higher spx

it may form a bull flag in UUP, but lower in the meantime...then time to reverselonjg after pb (and then reverse to short swing spx)

1237
SPY macd histogram making a bulll cross on its 60min chart right now

1231
MM buy level for TZA is way down at 1031ish, last 1061,,

1230
Market Makers are BUYING right now,,,the 1508 ES trades are likely theirs

1220
151.50--151.60ish SPY initial trgt

1219
watch for a wedge to form on the 3min ES SPY

1219
obviously reaction at 1510 ES prior hi test is impt...i believe it can break over it for the rectangle target higher, after poss stall pb first,,,tho looks like it just might form a wedge to break it without much pb...just stuff to watch, not making trade decisions on it

1218
1506 ES....pivot imo intraday: above 1506 bullish,,,may do a quick test of it...if test is quick, then only sideways not lower, would be bullish

weakeneing of the 1506 would maybe prompt me to take early profits in uvxy


1214
this 1016 UVXY is proving a bit hard to break, but the market maker, inv banks, and 60min red candle are keeping me short in it for now,,,that thing moves, up 3.5% gain from entry today

1213
last move in oil 3min chart has decent hi 3min volume,,should go higher

1210
still think dollar will make a HIGHER low tho on daily chart, and a lower hi on the SPX chart, and chance to short spx again,,,but can be 2-4 days out....there is no way that 4pm signal can give an "exit long" alert today, because one of the exit conditinos needs to be in affect overnight over 1 day,,,and that condition is not met but even if it was, it would not give exit until tomorrow 4pm at earliest

1209
also the US dollar 60 min has that "short the second higher hi" on it...suggests lower dollar, higher es, lower uvxy, higher oil

1206
SPY put in a green candle on the 60min chart...often this will result in higher spy as the momentum continues up for 1-4 hours up sideways

1204
the small candles could break lower for one more low b4 bounce, why i have not added to UCO and just running with existing entry

1204
oil has not bounced yet, but it could also make a nice move in coming hours days...all those small candels on the 60min UCO may propel it nicely higher....similar to how we shorted it using SCO lower few days ago

1203
also in UVXY...mentinoed earlier that its failure to pop to 1075 was bearish, and now capable of making a lower low in UVXY as a result...the 953 would be nice tho may not get THERE today, but thats a buy level or stall level on it,,,but thats still about 10% lower from here

1200
ES "rectangle target" is about 5 points OVER todays high, using 3min charts....daily trgt not swing trgt, so 1513ish

1157
then 953 next on UVXY...then maybe time to reverse long on it

1155
Inv Bank n Market Maker calc level to buy uvxy is 997 so trynig to hold for that, which is trgt 2 under the 1016

1142
notice how it did stall and boucne tho, exactly near trgt

1140
UVXY just hit 1016---watching reactino here,,,, a lil bounce would be ok, but still see lower

1139
BTW, the 4pm system is STILL on Long Upro swimg, and this curr price is ok to enter upro, its near the price the system entered at other day

1137
1016 and 997 trgts now UVXY lower...same as b4


1122
getting ready to poss add more UVXY shorts...not yet....waiting...but could be in next 1-50 minutes

1117
nugt hit a 72% buy alert, one reason i added to it a minute ago...starting to move a bit now...watching fgor followthru

1106
i CANCELLED the order to buy USLV,,was never filled, and i put money in other posted positions instead

1105
on the other hand, if uvxy does not make a test up to 1068--1080, it would be bearish weak bounce and i WOULD add to uvxy in that case under the 1075 IF i get some small candles sideways on the 3min...so waiting for now and running with existing position

1101
i hope that UVXY makes one more lil pop higher...i want to add more shares to the short (similar to a long in ES_but UVXY is super volatile) ... but i cant take a larger position just yet because its still in no mans land,  i prefer loading up at extremes instead

1053
UVXY 3min in no-mans land here...so plan is to take profit if it moves lower, and add to it on bounce...could take 45minutes to make up its mind

1052
LOL i wish silver would do a headfake lower to test that low in the SI futures, and i'd get the fill in USLV long...i'm keeping the order for now "down there" because silver and metals do have a tendecy toward that behavior

1048
UVXY approaching 2% profit trgt here, tho will hold longer, from entry today

1046
UVXY finally put in a red candle on 15min chart...the momentum often will last another 2-5 candles, even if bounces first....i may add to uvxy shorts if it does bounce...same plan as b4, not changed, just exchanging "thought process" LOL

1038
UVXY starting to kcik in lower...watching for followthru..up 0.5% in few minutes since entry

1035
1016 UVXY trgt lower for the short, and may add to short at 1075ish if it bounces up there, 1051 last....room to add...

1032
just shorted UVXY
UVXY short is the scalp... XIV long is the swing,,,,same basic trade

1016
if u look at XIV and SPX, the 3min charts are forming that "buy second lower low" for scalps long,,not finished yet but forming, and scaling in could work... also they have the advantage of gap up this morning, which often will retest higher even if gap filled or part filled

949
XIV 21.85 here could work too, swing or scalp,tho i have already from lower and am not adding

943
still have NUGT  UPRO  UCO  XIV

943
i might add more UCO (oil long),,, also looking to buy silver long via USLV 3x...no entry in silver yet...i believe they will both bounce....lower oil ahead possibly later, but looking to trade this bounce first, esp since Silver and Oil are "far" from their 5 period moving averages daily chart

939
long oil using  UCO. swing scalp both

9:28 am
i just put in limit orders to buy USLV slilver long at 20.53 if filled, for either swing or scalp... i'll be actively trading it in and out scalp but its also a good swing.....orders are also in the vse port ... may pay a diff price later, but thats my "market open 930am" price


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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