Thursday, March 14, 2013

Thurs thoughts


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359
 took 1.2% profit on NUGT scalp #2


325
EXITED trade in GME breakeven (2 cent profit per share lol)...dont want to hold overnite

323
1.2% gain...exited AKS...will re-eval entry later

314
still have gme and aks,among others

314
1.6% took profit...10.23 PCS hit...good enough. out scalp


244
nugt might give opp soon to buy back scalp shares sold b4...its lower now 537 vs 543 sell

224
y: long GME

205
EXITED and took profit in the NUGT scalp, keeping nugt swing for now, suceptible to poss move under 543 where may buy scalp back again


154
74% close to ringing, ES short

150
pcs up to 1018 now, this time one could try for .22 trgt instead

140
MM action: they have NOT cleared GDX for over 3750 but watching for behvior that would allow it over 3750

137
4-5 minutes later...starting now to see reactino to 72% alerts in ES UVXY:  often ES will bounce after first move down (seeing lil down now), then make a lower low

132
UVXY may move now, if the 70 and 72% alerts kick in

126
551 nugt "hidden level" may be more impt level than 575 clear level..watching reactions if gets there, trying now

125
Market Maker MM action: same as b4, gentle selling, with a goal trgt of 9.60 higher in tza,last tza 933....still same "panic buy" levels lower in tza...MM actions bearish for swings in spx russel,.,,,suggests a pullback move lower,,, this was happening yest to by MM, same action, takes time to materialize


123
72% short ES rang 1554.75

121
NUGT going for 3rd try stab at the high...it often breaks higher on 3rd try when the pb was small like this, watching,,,DX has not bounced on the 15min


118
uvxy 8.12


118
70% short ES rang here 1555

106
first try higher on 15min DX likely will fail, then will pb ,,,then may be time to exit nugt ...may take awhile


103
NUGT is stalling here as expected...but giving a lil time to try to break higher...watching DX UUP

101
1011--1018 pcs did its lil scalp routine, tho i cancelled the order
likely to do so again, tho i cancelled order and didnt trade it

1254
DX dollar trgt 8260...and if it gets there, then NUGT should be over 550...just dont know "how fast"

1254
Plan for nugt (scalp part not swing)...if it stalls near 547ish i'll take quick gain...but giving a chance to "blast thru" it, so not putting in a limit order in case it surges...expecting stall tho

1246
over 5.51 it could rock today,,,BUT i think a stall there, 547/551

1246
here comes nugt...looks like an attack on daily highs coming , for t2

1223
UVXY holding up well...its not making new lows with new highs in ES

1217
NUGT at daily high now, but still trying to sell 5.49 instead if able, scalp piece now swing, swing will hold longer


1204
 Smart money bought 36.57 GDX...that was exact invest bank level from yest bought today....which matches OBV observation
: i REALLY like it,,,when the Inv Bank levels are NOT at clear horizontal or trendline support
 means the Inv Banks bought the mini supp break, but bought OVER the next lower level of supp,,,,,bullish
that is, GDX charts showed supports at 36.70 and 36.30...but the Inv Bank level was 36.57, where it was bought in between....retail missed the opp

1147
CANCELLED pcs order..never filled

1144
if DX 3min chart can bounce some more, may provid opp for long silver...waiting

1133
order to buy PCS stop mrkt 10.11,,, 10.09 last

1120
AKS chart is similar to X chart

1107
in time AKS may go to 4.40, to form a W on daily chart...also buy second lower low on daily aks bounced, and this is backtesting the bounce now

but for now, just scalping it

1056
AKS is near support from march 5 and march 6, after a nice green daily candle march 6

1048
bought long AKS steel 3.50

1041
but with ES here, i'd use 9.16 buy area instead for now, maybe higher later in day tza

1035
us dollar DX futures...there is a LOT of selling today in dollar...should benefit nugt gold silver
tho dollar is now at 60 min support levels

1029
will buy nugt 5.16 if filled
.  that would be a mini break lower of nugt 3min support aka stop cleaner

1021
CANCELLED order to add uvxy 7.86 for now,,,didnt get fill and now moved up too much, not sure i want it "down there"....will re-eval later

1021
MM are NOT selling atm....but have tza 960 as trgt to drift there

1010
TRADING TIP OF THE DAY:  If you are on a losing streak, STOP looking at the lowest timeframe chart and use only the slowest 2 or 3.

1010
834 UVXY resist trgt up, 7.86 uvxy buy level

1010
tza hit my yesterdays panic buy level 9.38 (9.36 low) and bounced, but i'll still wait a bit for 9.31,,,tho if i didnt have any the 9.38 is still buyable

1005
RARELY do i short SPX, compared to long entries, but i remain swing short here, and will add little by little at the extreme numbers posted daily (if filled, often no fill)

1004
for swing shorts this continues painfully, BUT the MM are selling again today...gently but selling...eventually i believe relief will come in lower prices in spx and higher tza... also the charts suggest this too with wedges, AND also the 4pm system 1 remains on "short" and 4pm system 2 (long only never short) remains on "exit to take upro long profits 2 days ago at 4pm")


956
NUGT trgt 5.49...

938
931 tza buy level now, lil adjustment

936
GDX hit EXACTLY my 36.57 target to buy posted yest. Added NUGT near the open today, per open order posted yesterday


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* 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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