Friday thoughts

403
also. the SPY candle which is green, the Japanese candlesticks have a bearish pattern for that even tho its green

402
u cant see it on spy, but es daily candle is a hammer, at the top, which is bearish despite the surge up (they r bullish when at the bottom of a trend)... to confirm, one needs a daily close below the hammer. BUT these hammers also have a habit of at least retesting about half-way down (lower for ES SPY in this case)

352
747 uvxy trgt to buy if able, last 763,today, else will pay whatever price in next 6 min

341
may add 2000 more uvxy to hold overnight..not yett...letting ES surge ahead...believe lower ES not done yet for swings...this may be a gift for shorts to reload for quick swings

336
MM 4040 and 4030 buy areas tza

335
MM just cleared tza to allow retest of 4065..last 4053. will watch reaction
even tho tza going lower as i type...

308
MACD strategy: notice the 15min chart MACD on SPY ticked down a few candles ago. often if one can short at the same price as the OPEN of that tick down (not the close)....the trade will do well. works in 60min timeframe also

often you won't get the chance to enter, since it goes down without bounce to the prior open price, but in this case spy gave the opp, so took the trade via UVXY

306
 bought uvxy 2000 shares in vse acct

248
MM sell level on SLV are at 2645 and 2574, and there is some cluster MM buy levels near .35. this suggests the second MM level may be hit toay,,,2574...tho it's bellow the Invesment Bank Sell level posted earlier today

244
actually for shorts in swings spx iwm: might be better for shorts, more bearish if spy closes around here and does NOT go too low today. this gives opp for actual lower in coming days imo

also, if spy closes here, the "4pm swing trading system" will NOT likely give an exit short/reverse long position...needs a lower close to give the signal

1018
BTW... the 4pm swing system might fire a "close shorts spx and go long spy upro" today, unsure...it is sometimes early on the entry...yest i mentioned that the 4pm signal was "close" to giving an exit short and go long,

but also posted that OFTEN THE BIGGEST MOVES COME RIGHT BEFORE THE SIGNAL CHANGE..we are seeing that big move behavior today

1017
IF 1530 ES breaks, may see fireworks....may not break today since already down 20 points...but possible...

1008
sell orders for now. may change them later:
USLV 18.70
NUGT 25.20
AKS    3.40
VXX   24.70

1002
next trgt on GDX NUGT is the GDX low not high on march 14....of 36.57...i'd take 10 cents under it 36.47

plan this morn is to sell half my nugt, and keep half for that trgt

that would put NUGT near 25.40 but not exact # in nugt like gdx has since nugt decays


954
note that GDX is just above yesterday's Investment Bank sell level. once again, the level is hit the next day. just keep mentioning this as evidence that it happens a lot.

932
: closed positions this morning put me in Second place in Wall Street Journal stock contest of 400 traders, not bragging arrogant just happy....like playing a tennis match...

 some ppl...competition can help keep them focused...just throwing it out as idea for other ppl to use

other ppl...contest competitionss distract

I'm not taking any new positions this morning...will be leaving in 30 minutes

Trades can be viewed at the links below.

http://www.marketwatch.com/game/christopherstockguy-100k-port/portfolio/Holdings 

http://www.marketwatch.com/game/christopherstockguy-public-1/portfolio/Holdings

http://www.marketwatch.com/game/christopherstockguy-public-1

For details on the portfolio see this posting:

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

* 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".