Friday thoughts

358
interesting that ES fell a lil short of testing 1547.75...almost made it but failure to do so may be significant for swings

330
UUP measure daily rectangle since December, and u will see UUP is right near rectangle trgt: 50 cents-ish breakout trgt... (2200-2150) + 2200 = 22.50, last UUP 22.56
approx # uup of course

329
UUP is also too far, and looks like poss exhaustion gap there today

322
VXX April calls are at 1.70 tho i'm not trading them (22 strike price)

322
UVXY could suddenly drop in response to ES pop here, but it remains persistantly near 890, going sideways even a little up...bullish for UVXY swing

303
UVXY does not care about this surge in ES, at least not yet,,,its holding steady UVXY

245
72% short signal ES rang 1544 just now

238
ES trying for 1548 pre-mkt high??? still looks shortable swing imo

238
:) NUGT trying to go after todays highs like we talked about b4

237
2880 area UCO trgt, to overshoot ...

236
i MIGHT exit UCO swing today and take a small loss on it...and look for other opps later, unsure...if it rallies hard into the close then i'm likely to exit it ... currently UCO swing is at a 2% loss but that may be reduced b4 end of day....will see

224
atm...these are NOT the MM buying here...its daytraders or similar

218
watching for uvxy pop and exit scalp there mayb

218
******** Market Makers have dropped their bids in russel. may see drop in IWM TNA ES SPX, higher tzaTZA cleared for 974 now up

217
as expected...seeing a lil drop in tza here as MM buying russel...expected but still ok for uvxy...think they might pull bid...will watch...it least its behaving

214
.MM gentle buynig russl here despite lil move down,,,but will watch for pull bid...havent yet

211
nice lil move in ES lowere here...see if it can push lower sustain/////

204
UVXY is based on resist test in SPY, its early entry...MM have NOT dropped their bids...why i only took 1000 not 3000 shares

also the dollar DX look like it could go lower,

204
long 1000 uvxy

202
MM have tight sell levels in gdx: wont make those highs unless they higher the ask,,,but they might do so..watching

155
CANCELLED order to buy NUGT, missed by 2 cents and now i dont want it there after the pop up...will re-eval later, but still holding existing NUGT from earlier buys

148
NUGT is near my lim buy level now but not changing it since i already have some, but 526 is buyable here

135
using 1000 shares of nugt in both large and small port to allow poss scalp of it today

134
vse: lim buy 1000 shares NUGT 5.24

128
took quick gain on UCO oil scalp under trgt...explain why later
but holding swing uco

124
there...uso caught the arbitrage...its interesting to me anyways LOL

123
arbitrage opp on USO vs CL again: should fill it uso up

118
3min DX dollar chart looks like it may help oil out here...watching both...
not happy
108
oil trying to break resist on 3min chart,,on way to test todays high,
watching carefully here for poss exit in the UCO scalp...will hold the uco oil swing

102
ah...thats why theres in intraday gap on 3min uso chart: they took it the arbitrage

101
arbitrage opp in USO vs CL...see it? for quick hands only...

1255
for uvxy: looking for 1. tza at a support area and 2. MM drop bid and 3. other stuff

1255
MM buying stocks agian: when they stop again and drop bids, can go back in UVXY double dip re-entry....for scalp....still ahve the vxx and uvxy swings

1240
tza hit 970 or 2 penny under the "cleared for 972" post above..why i exited UVXY quick gain,,,,may buy back...also managing oil

1234
vxx options went from 55 cents to 66 cents or 20%ish gain if using those

1233
VSE port: took quik gain UVXY scalp..holding the swing..out 3000 shares $480 gain in few min

1224
ES trying to bounce a lil here...the diff is that THIS time the MM are not the ones buying, at least not atm

suggests lower es and hitting the tza trgt higher, intime


1218
MM are shifting their sell levels around in tza in that range

1218
971/976 trgt TZA;;;;see where uvxy is at there and may exit it

1214
large scalp positions could take half off here for a profit in 2min, but cant do that in vse port its too slow LOL

1214
2min later: see what happens when MM drop the bids? pop in uvxy

1212
VXX 22 calls at $0.55 tho i'm using uvxy not options

1207
long 3000 shares uvxy

1205
**** tza cleared for a 972 test now...MM let off a bit

1204
idea:  if one is all cash, could buy some uvxy here, else would wait if existing positino

1204
ES 70% short rang at 1543, BUT 72--74% would be better, and the MM have not let their bids down...it may be coming tho, 70% is a warning of poss lower...but other stuff has to align first

1154
tempting to add to UVXY here at support, but i will NOT add until these MM let of the bid...as soon as they do, or something happn in dollar, i'll add some uvxy..that stuff is crazy volatile and has made 5% up dow moves today alone, so size accordingly

1149
look at distance of TZA from its 5 period daily moving average. its too far away, and usually will bounce (swing) regardless of if trend is up or down...have mentioned this many times,,,no guar but this simple thing almost always works

1140
tza should test 970 soon

1131
not trading options but USO calls are ast 0.50 march and 1.02 april

1128
OIL>...MM buying here, but have resist at todays high, narrow range so far so up limited atm
but buyable here CL  UCO  USO

1126
MM have their bids pennies below mkt on TNA, may see bounce but still think bounce linmited and shortable later

1124
tza up to 968 would be good, stall there, back down sideways, then long tza after all that, on 3min chart...also could do uvxy long after all that in tza

1112
minute later, immeditate pop on 3min due to MM buying
a short opp should present soon, or long tza uvxy...waiting for MM to stop buying...may need high of day first...

1108
TNA they r buying at the mkt now, MM

1054
9.99 tza has lots of resistance on first try, if it makes it up there, esp stronger resist if its before 1pm

10411051
right now, MM still gently buying...will be watching if they drop that bid or not...still lotsa time
975 curr sell level on tza...but i do see higher tza lower iwm later

a lower low would be allowed in gdx 3min and it would still be a flag...so could go either way but atm trying for higher

1041
GDX bull flag in 3min chart: trying to break higher, to test todays high, then a higher hi to 3804 prior resist test,,,also nugt

1028
UVXY buyable now too 910

1024
lots of trading opps today: if GDX NUGT starts to move sideways on 3min or 15min chart..is possible long opp ,,,same with uco oil which actuallly is buyable now but safer after sideways

1014
NERVOUS tradres would exit the uvxy here now, at its resist, with only a small gain...i will hold it

1011
still see the 985ish trgt on tza higher, which means lowr russel, then a bounce in russel iwm tna and lower tza, followed by higher tza swing later

1011
MM are gently buying the russel here, prob in order to ttry to bounce it later today, tho bounce may be limited, for swings still see lower but atm they r buying to try for the bounce,,,may take awhile to build it, and may go lower b4 higher...one reason i plan on UVXY exit and re-enter try

1008
i might take profits in UVXY when if tza hit 985ish trgt

959
wow GDX has puylled another HUGE 10min candle reversal...nugt is above level i bought it at yest after gap down this morn

957
for example if i didnt already have tza, my buy # was 970 for it, it opened near 960ish...i'd have bought it,swing

954
i also looked at overnight CL....not much weakness overnight with rise in dollar so jumped in oil... trades at open are always harder riskier, but also often "the spot" to buy....generally i'll only buy at open with "very good reasons" else just wait

or if one has a "buy level" that they want for a swing, and the open is at or below that level, its usually ok to buy then too,,,

953
trgt 1 on UVXY is 9.60,last 904

945
but tza should test 985 this morn lil higher, then watching reaction

945
MM stepped in here to buy russel at 1542 es. 974 tza.

944
OIL has held up well and did not dive like silver when the dollar DX bounced...when DX pb, oil should go higher

940
vse port: long 1000 shares uco oil.
this time i bought 1000 shares in BOTH the large and small VSE ports. usually i buy 1/3 amount in small port

932
...LOOK at oil...and notice its relative strength compared to silver today: oil not down much

927
well i guess we should not be surprised with this gap up, after yesterdays all day multiple "MM are buying ES Russel here" postings. however, a pullback is expected in coming hours and days in spx es iwm

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http://christopherstockguy.blogspot.com/2012/04/link-to-trading-portfolio-of-posted.html

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