rarely does it make it thru the Invesment Bank level on the first try, so for now thats swing trgt... 3850--3900
of course it may change tomorrow
352
GDX MM levels the same: 3775/3823
GDX investment bank level: sell 38.65
350
969 "old" level usually sticks on first try after changing by MM, so 969 more reasonable
349
MM now cleared tza for up 975..may not see today...but again dropped the russel bid...may just be a retail test
Poss gap up in GDX tomorrow, nugt
compare gdx feb 21-26 candles ddaily
339
doesnt "look" like it as ES moving up on 3min chart, but thats data atm
339
*** MM dropped the bid ....allows 969 tza test, then high of day test, may not all come today
330
needs 1545 es lower to confirm it
330
3min stochastic dbl top on ES at 1456.50
326
everything still same info trgts,,,tza uvxy nugt gdx
308
ES 3min chart: bear flag
255
bought 1000 more shares uvxy, avg up not down
247
8.56 uvxy buyable again swing or poss scalp either,here,,tho could go lower ...i'll wait to add since its above my entry...may add more later in vse port
239
tza level MM just so happens to be near fridays high in TZA
238
*****************978 TZA now cleared for: MM just dropped bids more...watrhinc if they keep it here....
233
985 TZA more impt reaction than this 970 level imo,,,if it can get 985 trgt
Invesment banks waiting to buy Russel or sell tza near 985.....question is what will reactino be? how much buying russel / selling tza? will watch reaction if it gets there (wont know answer today)
221232
btw,,,MM are NOT selling here,,,just dropping bid...much diff dropping bid vs drop ask hard sell...much less bearish MM action here but drift lower still
TZA cleared by MM for test of its High of day
220
22.29 vxx friday 10am high is next trgt on vxx after 2190...watching
215
not sure if it will get it, but one more 15min candle could put it at trgt
: stall here natural at previous trgt
certainly nothing wrong with taking half or all of uvxy off here for 4% profit, in 2 hours but holding uvxy in the vse ports for now, scaling out in personal accts
213
20 cent from trgt on vxx :)
210
MM in ES looking like they r going to try for 2 point pierce under todays low and tst reaction to that
208
tza still same stretch trgt as hours ago....985ish
207
this type of MM can produce wild swings tho, including poss pop higher, but bearish intraday atm
207
Market Makers in ES and Russel: in "crash protection" mode: they are dropping the bid but slowly and keeping it near curr price....but for scalps this is fine....wont see huge move in ES or Russel UNLESS the MM drop the bid more, OR start dropping the ASK...which they are not doing now...they r not really selling into this, more trading mode
205
DX looks headed to 8280 then 8270 imo, today,,,8285 last
202
uup dx us dollar starting to get some lil volume red bars here,,,may see oil nugt silver higher soon
158
UVXY at 2.5% gain from entry hour or so ago
158
if have many shares uvxy, could take 25-50% off here for quick gain from re-entry earlier today...vse port i'm holding it all for now
157
rejectede exactly at 967 target but still looks breakable higher...pb normal at trgt
155
.theres 967 tza test posted b3 :)
150
904ish still UVXY trgt, vxx noon candle 21.90 high friday
148
TZA dbl bottomed on its 3min chart while UVXY stronger and made higher low: bullish for both of them
142
still will take .75 gdx if that order fills
142
mkt orders here could work nugt gdx,,,lil premium paid,,,i'm not adding cuz bought b4
GDX acting like this, with UUP "up here" in 3min charts...when uup goes down should propel gdx uup...gdx "should be lower" here, bullish that its not
141
GDX hit .91, near the .93 trigger...watching reactions here.....
140
tza should probe 15min resist 1 cent over R ...test lil move to 967
139
ES 3min forming a lil shoot star...MM
131
bought uvxy
nothing drastic but small drop in the MM bid...only 1000 shares..may add...
126
GDX NUGT actually holding up better than expected here given us dollar action....still see higher nugt
125
MM bought 1545.....fluc 1544 1545 ES>..still wat5ching
123
MM at es 1544 ....
120
IF the MM drop bids in russel or ES, and i have enought time, will buy 1000 shares UVXY on such event...
less shares this time, allows scalp swing or position building
115
MM temporarily at 1545 es right now...why post below..can see it was bought...i think they may drop the bid but its there now atm
113
if below 1544.75 ES>..watch out below
105
UUP DX: 3min warning
104
getting close to setupson ES scalp short, uvxy 8.45 long, could work here but im waiting since already have some
100
bear HS on 15min spy chart? me thinks so
1258
rule says respect support until breaks, but its 1pm...could break first try
12541257
DX now approaching supp test on 15min chart which is above low of day....it looks breakable here for a run at the lows,,,same as prev post on UUP DX
GDX 3793 would give 74% i think lol
1254
72% rang long on NUGT just now, 564, and 74% will ring on a break over its 3min resist
1243
us dollar UUP "should" test its daily lows,,,and poss break lower
if it does, should send nugt higher...this would setup either a dbl bottom or "buy sexond lower low" pattern strat, tho i'm not buying uup if it sets up, rather using NUGT as an inverse proxy for it
1237
DOWN gdx headfake to 3775 gdx, then a hold, and reversal would fit the pattern
1236
********* Market Makers just raised the bids in GDX...and also raised the ask over todays highs.... will need to watch if it sustatins but thats a v bullish action
1220
if nugt can get up to 570, then likely to go over 570 toward daily high and poss higher than that today
1220
its not perfect setup but among other things gdx has "buy the second low" on 3min chart, and a bull flag, and i think dollwar may drop...hence the stab in nugt here....leaving room to add more shares, bought 2000,,,may or may not hold overnight depending on it it moves
1218
LONG in NUGT again...higher risk,scalp
1212
if spx gets tired i'll try uvxy again,,,want to see it tired on the 15min chart
1211
UVXY is at its 840 buy back target, but its so choppy i'm waiting,,,might miss the trade but waiting...
1158
here is uvxy at 845ish trgt...but waiting on it...this is what i meant a few minutes ago about its habit of "nasty reversals right at targets"...uvxy tends to hit its trgts v nice, but then wildness
1154
vxx uvxy--- i'm particularly interested in uvxy again because the trgt just got reviesd higher
Market Makers and INV banks have raised their sell levels in VXX
no re-entry yet tho uvxy
11341150
2215 revised trgt over 2180 trgt on vxx, so may see that area today
UVXY could drop to 840 and still be "bullish"
1133
plan for this was more shares, less percent, scalp
plan for other half: active trade half of remaing 4000 shares, and passive swing other half (2000 + 2000)
1130
in past 4 days, uvxy has had a habit of nasty fast reversals right near its targets, so i wanted out of half,,,tho may go higher
1120
exited 2000 shares tza scalp
tza should go higher but it was a scalp and is at resist, and have many other positions, including UVXY that is "tza-like"
keeping 1000 shares swing tza
11071109
904 my trgt 2 approx....i think that would be vxx 2180ish...eyeball approx only on uvxy
vxx uvsy---it it drifted up here, i would exit it,,,but came a bit fast so seeing if it can make t2
1106
t2: seeing if vxx can hit 2180 now...hit trgt 1 while i was typing
1105
if it gets there....i might take off half of uvxy at 870ish...take off 4000 shares, keep 4000
1103
could put uvxy at trgt1....uvxy already made a higher hi intraday ahead of tza
1102
tza should test 964...see what it does in uvxy
1047
2140 vxx is my trgt 1 on uvxy, 2111 last
1044
985 stretch trgt tza today
1042
look at DX and UUP 3min....thats why GDX NUGT OIL down atm
1036
UVXY is testing its highs befor tza...bullish for both uvxy and tza
1036
1 min later...theres 960 tza as expected...watching reaction
1035
tza ashould test 960, should push up uvxy a bit more, then stall,intraday
1027
TZA 940/930 remains "panic buy level lower" for today, similar to yest
1026
us dollar UUP looks like it wants 2241 lower, last 2248
1018
bought tza...2000 shares...bought at test of prior low 955 tza
scalp/swing combo on tza but if one doesnt have lots of other positinos, valid for swing entry here imo, 1000 shares instead, to add to existing 1000 shares,,,or 2000 total shares swing
1011
i "think" GDX will stall at 3800ish..why i took quick gain and will try to buy back again, if not then just keep 2000 shares.. the pb in GDX could be "big" intraday, so might make sense to put stops on nugt gdx for "active trading" part...my swing stops remain loose since i already exited scalp
1008
i'll be looking at oil gold silver gdx nugt uco uslv today for possible new buys
1006
from yest purchase: took 7% gain on nugt, sold 3000 shares, keeping 2000 shares
946
GDX approaching 3800 trgt, 3780 resist below the trgt...watching here...
GDX: MM sell level: 3782/ Inv Bank Sell Level 38.60, so may overshoot or attain the 3800
941
wouldve been nice to have kept the UCO instead of selling it yest....but i guess "trading uco in for nugt" worked ok since nugt is outperforming uco
930
nice 5% gap up in NUGT today, after yesterdays scalp purchase. will be looking to take profit on scalp 3000 shares and hold 1000 but no exit yet
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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