Thursday, February 21, 2013

Thurs thoughts

401
SPY SPX does not actually look oversold, BUT the US Dollar does look overbought, another contributing factor to the quick swing long upro, also the TLT action

i find it helpful to use treasuries TLT currencies and metals analysis to supplement SPY SPX ES analysis... rounds out the picture of the asset class

401
as long as 4pm system is on long upro, i like XIV...prob 1-3 days then possibly reshort spx,,,will see

358
XIV long for swing bought
bought back at lower price than sold it at, but much less shares since its swing not scalp

330
compare daily candles in SPY: Feb 7 and Feb 21 candles

326
added nugt to vse port, long swing in NUGT

311
took profits on all of UPRO scalp and XIV scalpo...holding the upro swing still

307
UPRO scalp has joined XIV...both green, finally

305
21.99 is Investment Bank calc level to sell XIV,,,so may make the .85ish trgt,,,,

304
MM still hanging out at 105 sell upro, buy 101.50
interpretation:so they will buy at todays lows, but want to sell higher

302
nice volume on last 3min es green candle, should pb halfway then higher, if patten works

301
when u get 15min canlde like spy has, thing to watch is for another green one...the momentum "usually" lasts green in this setup, esp at 3pm hour

259
upro scalp only near entry price breakeven, why i like to diversify,,,xiv moving nicer

259
considering XIV as having hit the .47 trgt,,,watching reaction here for poss .80 next

258
xiv scalp at 2.5% gain here,,,stillholding it
from this morn entry


244
as long as MM keep UPRO sell level up near 105ish intraday, i'm going to try to keep the upro and xiv

242
xiv 21.47 resist trgt 1,,,trying to see if it can break over that, but may exit there...unsure...holding for now longer, since only just got nice green candles intraday in it

238
: bounce here was expected...happens when "Market Makers are buying" alerts sound


218
Market Maker sell level in upro is 105ish, last 102ish in upro

209
daily chart interesintg volume in SPY...last 2 days big red candle but not high volume in it



201
i am seeing some buying here by Market Makers in ES  IWM  TNA





153
added xiv at low of day test






123
also took XIV long



1129
scalping UPRO long here

 
1030
I HAVE DECIDED TO TAKE SOME LOSSES ON THE SPXU POSITIONS (SHORT SPX) AND WILL RE-EVALUATE LATER. I WILL EXPLAIN WHY LATER
.

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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