what will we have on daily chart if ES goes back to 1570? poss bear Head And Shoulders....tho i'm not sure there are any reliable statistics on these patterns, just observation and personally prefer not to make trading decisions based on them
350
UVXY hit that 726 buy level posted early this morn when at 8.25 , investment banks bought there, last 7.21....but i cancelled the order and will wait on uvxy
345
hmm one more push into the close here on SPX ES SPY UPRO would give an exit signal on 4pm system...its likely to go higher if the exit does NOT come today..watching...the system only looks at the 3:58 price and other conditions for the decision, no other time
332
4pm swing sys long upro is green but has NOT given an "exit spx long to lock profits" signal...if Monday is an up day, it may give one on monday...or could last for many more days...all depends. for now i remain in upro but only with the initial position shares since add opp did not present
331
opps at 1060 to buy may present... if not...holding the remaining 25% of shares on quick swing,,,and full position multi week swing, nugt
330
took scalp profits 10.90...will keep 25% overnight
the nugt didnt hold over 1090 so i decided on exit early on that piece
322
theres the 1090 on nugt pb...now looking for an exit...will post as fast as able...none yet
315
*** i CANCELLED the order to buy UVXY 7.26
311
if nugt hits 1090 i'll be looking for earlier exit than 1127..mental stop not hard auto stop
308
nugt remains stalled here at 1100,,,expected but still looks breakable for 1127
306
lim order to sell half of remaining nugt at 11.27...leaving 25% for overnight hold and much higher trgts if the 11.27 gets filled today
302
1127 trgt if gdx gets up to 1106
300
LOL hit 1099 while typing..watching
259
it looks on chart like nugt should be able to go over 1103 towards 1140 BUT the MM have not lowered the ask...unless they raise the ask, there will be a lot of pressure at 1103 area...and may not get 1140 1200 today...watching actino in the last hour here
258
theres overshoot of 1083..toward 1103 nugt next trgt intraday
255
Earlier in day if it were testing resist on us dollar DX...would be less risky..but higher volume now could break it...or harsh rejectionn lower...either
254
Us dollar trying to break resist higher here...could push down gold...but resist still holding mostly...but cautious...still see higher gold just expecting chop also
249
took some profits here 1076 nugt on some shares...scalp
reduced shares on NUGT to amount willing to hold overnite...did not want all that overnight so sold some to reduce risk, lower profit
244
some selling here on the ES...watching what it does
211
grrr mised by 2 cents...so i RAISED to 1099 now...
often near miss...will overshoot after...and will adjust manually if no fill soon on half
209
theres 1078,,, trying 1083 still lim..:)
153
Inv Bank sell level gdx is above todays high, level is 29.14
Nugt levels lower for whatever reason
152
the 1062 was a Market Maker not Inv Bank level..usually capable of moving thru those, if the candles are not small (in this case not small)
149
intersting Inv Bank sell level 1 on NUGT at 1083...in between horiz resistances at 1096 and 1072...may hit 1077 stall then 1083,,,will watch it from scalp perspective. order remains 1083
sneaky if it follows that pattern
142
*** "someone" bought gold futures this morning...see that 1:00 am and 2am candles, and the volume on it, gold futures GC 60 min chart?
138
hmm intersting Investmen Bank levels on NUGT to sell...are lower than gdx...does this suggest some sideways and chop rollercoaster tape, since the decay on nugt???
the gdx levels are the master levels tho and the real trgts
136
if it can get to 1065 nugt, then should give the 1083 trgt. last 1061
131
lim order to sell half nugt 10.84 if able, scalp acct not swing..swing trgts much higher over 14
125
1062 trgt nugt
124
Inv Banks trading the gold market more actively than normal,,,kinda makes sense given the rare huge move lower in gold...hasnt moved like that in 3 years?
123
another buy level 10.11 nugt on Inv Bank...they dont usually have this many in one day (inv bank)...tho common for MM to have several
120
bought nugt here 1030 buy level. added
1241
move lower in dollar may propel silver gold gdx higher
1240
UUP us dollar 60min chart has a big bear diverg on 60min charts. higher price/double high vs lower macd hist
1217
there is potential for move in gold today or tomorrow...if one looks at overnight gold futures 1424 high,,,gold silver gdx nugt may all benefit
also note the volume on futures at 1am
1216
added more nugt, to allow scalping before end of day, more shares, 1062
1208
nugt hit all buy zones today...one last Inv Bank buy level at 1032,,,,may be todays low if nugt wants to go down there,,,tho theres resist at 1084 right not
1147
i have order to buy 7.26 uvxy,,,good today only, and may cancel b4 end of day...may bounce there first try....Investment Bank Buy level 7.24
i wanted to short VXX but didnt...oh well..didnt give right entry...well it DID give entry but i didnt see it right LOL''
1109
thus far ES and UPRO are NOT GIVING an add more longs swing opp since entry...normally it will give a chance after the 4pm signal triggers....so having to just use the initial entry for now...
thats good for existing position but would be nice to add more....
1053
Possibly exit OUT of the IBM short position, posted entry awhile ago....on todays 7.5% drop...if stoppped out...not stopped yet, but protecting 11% gain...stop set at 9% gain or about 2% higher from here
1050
nugt still buyabel...at 1084 still...may move up now on the 3min after a 10 cent drop after entry
1047
ES should pullback here on 3min, last 1543
1037
willing to endure 1052 lower on nugt, next buy level down, but adding for poss higher instead
1036
ADDED more nugt here, 1083,,,may buy 4 more times, 1081 last
1021
quick 1% bounce in a couple minutes off the 1085 buy level
1018
1056 and 1011 is next MM buy level on nugt
1017
1085 NUGT could work here if one didnt have existing position...i'm waiting to add..in from yest lower prices but this is micro buy level
1014
also NUGT is setting up an entry scalp long, not there yet on 3min chart,needs more time. may add to nugt also, the nugt would be an avg up not down, so it will reduce the percent gain but increase the dollar gain...if opp presents, else holding existing
1011
the 15min and 60min charts are battling since they are at opposite trends, in the cash SPY not ES....so chop is likely here in "no mans land" due to such common battles when 15 and 60 are unaligned
1008
NEXT pullback on ES 3min chart...will prob go long upro, poss short VXX,,and likely be over the 1531 es...valid for scalps, quick swings, and multidays weeks swings,,,,position size depends on timeframe one wants to hold
my plan is to actively trade it, scalp/quick swing times, so medium size positions, with understanding it might drop lower after entry. but i trust the "4PM swing system long alert" that triggered and pref posted
957
poss buying opp at es 1531 if it gets there, scale in size position, 25-50% size to allow additions later, wider stop. last 1537
also possible VIX short there at es
951
MM just raised the ask in GDX, may allow for test of high of day, and a new day high, coming 1-90 minutes
946
also watching DX futures, us dollar...or uup...DX curr testing support and may break lower
934
nugt gdx now at yest posted trgt 1 on gdx...holding a bit longer here for poss break of such trgt
swing NUGT....holding for much higher thna this,,,thats just yesterdays quick swing
931
Going to try to hold yesterdays new NUGT for gold futures around 1420-1425 if possible, for first trgt exit. nugt curr up 7% this morn
Trades can be viewed at the links below.
http://www.marketwatch.com/game/christopherstockguy-100k-port/portfolio/Holdings
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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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