Monday, April 1, 2013

Friday thoughts


358
tza should be 968 not 960 here

357
MM are not participating much here as we near the close...at least not now this is not pros buying
may see some reactions AH

353
MM cleared uvxy for 797 up,,,last 777


341
on a surge up today, tza will prob be stopped near 9.88 if it got there. it already hit the 970 prev trgt

336
only 2% gain on that piece, but plan was to add the 2-3000 shares today then sell them...so out for nnow...holding rest

336
sold 3000 of uvxy here...to reduce shares and take some profit...holding other 6000 shares

331
MM stubbornly holding bids now on es russel...no big drop unless they drop them, or ask drops...

still see lower es russel.higher uvxy. for swing

328
ES was able to get the bounce within 9 minutes...now watching reaction...can it sustain or will fail?
typical reaction when declines are result of dropped bids vs dropped ask, esp when it tests prior support...initial bounce vs run thru the supp

320
es needs to bounce in 9min or else trouble in 3mincharts

318
MM are NOT selling this, at least not yet. ie, this action is result of them dropping the bids, not the ask, in russel spx

but they did sell it last week some, and think they will switch sides to sell, process takes time

316
as expected ES testing its daily lows. and they look breakable lower,today


310
despite MM wanting to sell more shares than buy...they have had bids most of day in russel (ask on tza inv)

cleared for test, will watch reaction

310
MM:  tza cleared for test up of 967,,,first clear all day by MM

239
My curr rank is #7 in Wall street journal contest, of 260 traders

236
if ones port has too much uvxy in it, could sell some uvxy here and buy sco, diversify

235
ES 3m 5m and 15min charts all broke support, with a bearish hourly chart...may test lows and mkae lower low, for lower es higher uvxy tza


225
Invesment banks rasied tza sell to 989 from 974,,,MM still selling it lower b4 then, but raise by Inv Bank bullish for tza swing

218
if tza can close today near here, pref over 958, would look good for swings tza chart
and for uvxy too

156
new stock contest started today april 1.
I am Curr rank 8 of 253 traders
Now in 2 seperate trading contests.

contests are at:
http://www.marketwatch.com/game/dart-april-2013/ranking?index=0&total=253
http://www.marketwatch.com/game/the-big-game-2013

105
watching for poss fast bounce on tza if it hits 960.  last 962

100
before re-entry in NUGT i like to see slv gold slw nem alll stabilized together

1246
MM still crowding each other on both buy and sell intraday...watching and waiting for them to step aside a lil...when they do, then larger move can come intraday

1236
not sure but we may see a decent move this week...this increased MM and Inv Bank activity is warning of this... no crazy volume yet but the warning often comes first. increased attitude of MM "need to do something now, getting bit impatient"... Investment Banks usually are on the sidelines more but they are perking up today...

1234
MM still interested in selling more shares than they want to buy, for now, russel and spy. bearish for russel. bullish for tza uvxy swings

1224
 step one, es here. uvxy and es acting as expected so far.

1200
3min and 15min bear flag on ES...may go higher, if so may add more uvxy...still room to add...but decided to enter here on


1159
added 2000 shares uvxy to vse port
es beggining to look weak here, so added some. now have shares avail to both scalp and swing. 7,000 shares in vse now

1153
scalps on ES:  a move up on 3min chart is shortable imo. or weakness here on 3min chart is shortable near curr price if it begins to weaken more. first bounce likely be sold on that big red candle 60m, tho 15min and 3min may or may not want a lill higher first. last es 1556

1106
also watching if SPY wants to go to 155.50. last 155.82. if 155.50 still puts in a higher low,,stall...then see reaction in coming minutes hours after 155.50...to decide for higher or lower

1103
im still holding uvxy for now...see what spy es iwm tza do,,,may just be getting started
when i see big red candles on es 15 and 60min charts...like to give them a lil time to follow thru

1053
970 tza trgt where heaviest resist is at intraday

1021
Market Maker update from prior post: some less active MM are interested and awake today, and atm they are accumulating shorts or sellig into strength....however atm they are trying to hold price up for a bit in order to let themselves accum...could see higher and bounces, volatility...for swing atm MM new actions suggest short side for swing in iwm spy....they are actually buying the russel a bit as i type this, but buying a lil, then sellig into the bounces...selling interest is much more than buy interest

1017
SCO trgt 3790--3800 area... last Tues 10am high...using uso chart for exit on sco since uso doesnt decay

1014
personally i never base a vix, vxx,uvxy,xiv trade by looking at vix alone...i find it helpful to look at spy iwm qqq and get confirmation from those too... if i want vix long, does spy short look good? ...but thats just me LOL fwiw

1011
newly entered SCO oil shorts from friday are at target 1 now...holding for higher sco trgt,lower oil uso cl

1006
this has a tendency to cause some volatility, as the MM begin fighting and jockeying against each other...more buyers and sellers,may see increased volume today... maybe related to March 31, April 1 end/beg of month, but still imo thats not the only thing happening

1005
its going to take a little while to figure out exactly what is going on, but there is a SIGNIFICANT change in Market Maker and Investment Bank activity and jockeying today... synopsis is that there are some players that are usually less-active that are interested and active today...but atm cannot determine long or short bias of such upgraded interest and activity


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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