also its not "obvious" but my reports show that there was increased buying interest in vxx and uvxy today...may take awhile for it to manifest, may see lower uvxy, but imo will go over these levels nicely. if MM and Investment Banks are not done buying,,,will go lower until they finish... 50% position on the uvxy with room to add more...or room for a wide stop on this volatile instrument
349
SPX may or may not go higher, often the 4pm system is early, and usually it does not trigger a short the same day as a long exit,,,but trusting the system
348
EXITING the UPRO long as posted b4,,,and VXX shorts UVXY shorts for gains of
7%,16%, 26% respectively. via "4pm swing system strategy"
and will also reverse to SHORT spx via longs in SPXU and UVXY and VXX
238
nugt now at 1069 buy level
tradeable for 1094ish test higher
237
74% rang short ES at 1570
235
if 1568 es breaks, then 1565,,,could be lower after 1565 if it breaks
233
NUGT just been cleared for 1094 test, last 1078
231
1568 may stall here now...its last stall place today in es
224
es testing the 1570 trgt now..impt test
221
uvxy cleared for 654 due to 645 trigger hit...watching
220
uvxy "trigger" 645..last 640
219
NUGT also has same targets, which didnt require fast hands today LOL
still have 25% of nugt
217
if 1570 breaks then 1565 test trgt ES...72% once again manifesting here//
201
addintg more uvxy 641 here
200
72% ES is ringing short again...at 1573... moderate expectaions
142
uvxy made a massive move from 630 to 760 in minutes....posted earlier today...there was increased interest in Inv Bank buying of UVXY, crowding
140
have a 774 order in...prob wont get filled but its in just in case....others at 667 and 747,,,uvxy...bought all shares sold back when posted b4
133
penetration levels uvxy: 656 667 692 774...stall at each normal, then pierce, then next level
almost always i'll have limit orders at the Investment Bank levels not MM levels
130
**** OVER RIDING the algo and exiting UPRO long and VXX short swings EARLY here before 4pm... i usually let it sit...but taking this "gift" bounce...bye
I dont care if it goes higher,,,that's enough to shake me out of the longs and lock the profits early
122
uvxy likely to bounce halfway up the wick at least
119
should get higher uvxy again comoing hours
1259
MM buying uvxy here 642 area...watching 645 trigger tho..needs over that
1253
654 uvxy trgt if over 645
1250
getting a lil followthru on signal here..watching to see how much
1246
72% short signal just rang at ES 1574.25
downside may be limited today tho
intraday signal not swing,
1244
uvxy 3min gave a "buy second lower low" which happened to be near inv bank level. now looking to sell second higher high...scalp-wise.....swing trgts higher and dont use 3min chart obviously lol
1234
nice low volume in spy, at least right now. susceptible to pullback lower,swing.
1209
have an order in to sell some uvxy 660...not sure it gets there
1208
here comes lil pb on es...lil pop on uvxy
nothing huge...654ish trgt uvxy..638 last
1208
SPY 3min chart looks set for pb....first pb likely be bought, may give opp tho to exit some UVXY tho certainly plan to hold a good amount as swing.. last ES 1574
1201
trgt is 50% + ish swing trgt gains on nugt swing, to 14, 16, 19.00ish
1158
1138 revised trgt on NUGT from 1038....still expect stall at 11.17, will hold out for 1138 for now
1104 last... currently at 6% gain atm from 1038 entry today...if it hits trgt then will give 9.6%
swing trgts on nugt much higher
1149
preparing to exit longs on UPRO and shorts in VXX today
1148
uvxy.....still 640 and 645 resist...not moving agress higher until those r cleared
but willing to wait on uvxy..trusting the 4pm system signals (almost triggered not yet so early entries)
1147
nugt trying fot hte 1114 trgt...just hit trgt 3...
1094 last
1128
still waiting for new entries in UVXY to kick in...may take awhile
1127
took some nugt off at 4.8--5% gain... have 25% left, from entry this morn few hours ago
1123
1091 and 1114 nugt trgts...
1123
nice move in nugt 3min as it approaches its next posted trgt higher
1121
filled on uvxy 6.30
1121
these are Inv Bank levels, not Market Maker levels
1121
Investment Bank next buy level 6.17 UVXY...will see what it does at the prior 6.30 level reaction...just hit 630
1109
order in...to add uvxy at Investment Bank 630 level if it hits there. 635 last
1102
the trigger number on nugt worked nicely... it was a MM sell level...when they get over it, usually goes to next MM trgt
1101
if uvxy gets over 6.45 it may trigger higher uvxy..simmilar to the 10.53 "over" number from nugt that pushed it to 1076 today... the trigger number on nugt worked nicely
1059
MM have still NOT raised ask on UVXY...need to raise for higher price...may be gently buying it here as they hold the price down
1055
sometimes it will first move lower to Inv Bank level of 629,,,but imo 640 and 629 area good buy areas for uvxy willing to hold overnite or take some gains today if they present. else wait overnite
this time, investment bank level happens to correspond to "easy to see horiz support on daily chart"... tho often the levels ar in no mans land.
1053
its NOT showing yet but there is increased MM interest in uvxy long here at 642 level...lining up crowding...watching if reaction comes
1048
taking off more here 1065 nugt and will buy bacck lower if able. still have half
1041
1074 revised trgt from 1067...will see what it does at 1067 to see if wait for 1074 instead.nugt.
1040
took some nugt off here for 2% gain in 1 hour....holding rest...adding at the "second chance buy" allows scaling out some here at 2%
1037
NUGT hit the 1053 ...should get 1067 t1
1036
80% wins on 4pm system since year 2000, posted performance record b4.... human traders will outperform the system but it gives good returns
1034
*** too much too fast on SPX per 4pm SWING system. that is, if it closes here or higher on ES SPY UPRO, the system is going to signal an EXIT uprop longs to take profits, and then an immediate reversal SHORT spx. need to wait for 3:55pm since system only triggers signals at the close
USUALLY the system will trigger an exit longs and move to cash not immediate short...but algo thinks otherwise atm
1029
MM bought 642 uvxy for 649 sell...
1026
if nugt hits 1053, should make the 1067 trgt
1050 last
1025
MM are holding down the UVXY VXX with ask very close to price...wont rise until they raise the ask prices...will be watching...when they raise,,,usually gives a few minutes advance warning before reaction higher..right now headed to 627 unless ask is raised. last 643
1022
nugt at 1039..second chance buy
1017
es could go higher but lots of resist at this 1570 level
1013
if nugt sees 1027 befor 1067 then will buy more 1027 and add there
1011
then exit half or all at trgt 1, buy bak or save half for trgt 2, at 1090
1008
1038 nugt for 1067 trgt scalp
959
scalp trade kicking in now. watch 1565 es
955
shortable for early entries. 4pm sys remains on long
shortable for scalps
954
*** Market Makers not inv banks...they are selling this SPY SPX compon now, at es 1569.50
951
uvxy 6.65 Investment Bank sell area #1 atm,,,so stall there if it rises...later for swings much higher uvxy trgts but atm 665 stall area on first try
948
next UVXY buy area 6.30 where it should stall and bounce intraday if it gets there. Investment Bank buy level
948
notice rising candles on spy 3min chart vs sideways candles on uvxy chart...bought more uvxy
937
long upro and short uvxy vix have nice gains from 4pm swing system alert, but system has NOT yet issued an "exit long spx swing upro"...may give one today, unsure
936
good spot here for UVXY half size position imo, 650. ES SPX SPY are at daily resist from April 1-4.
added more shares to allow both quick swing and mid term hold swing.
922
UVXY is below the Investment Bank buy target set yesterday. So I bought some pre-market at 6.55. Buying at the 930 open is also valid
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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