UVXY very close now to filling the 654 sell on half the quick swing...i will not lower it..if not filled today, will see what it does tomorrow and prob get a higher price tomorrow if no fill today
345
NUGT is up 5% today and look how small the day candle is....shows the huge potential in nugt
336
us dollar DX futures on daily chart look headed to 8174 lower and then 8030 lower. if so, it could push gold silver nugt and GDX to mid term trgts,,,nugt could see a huge increase
331
** New Investment Bank sell level 6.67 for UVXY...now has better chance of getting the 6.54 fill...will keep the order at 6.54 not raising to 667
323
nugt hit 12.28 near the prev posted 12.22 buy level and has since bounced up to 12.42 last. the Inv Bank levels usually hold on first tries
320
then 1582 is "real" trgt on ES,,,order to exit there if able
315
protect scalp gains, tighten stops on es shorts, 1586 trgt, will also see if that breaks or not...likely hold but break could accell selling,,also could bounce here 1588
308
heres uvxy at 641 trgt...watching reaction
306
lots of resist on UVXY 641 and 654 areas, tho always more breakable in the final hour
305
prob will give a profitable scalp but downside today also prob limited
3-5
could go either way here tho on signal...plenty of downside but has held up all day on ES, and "when" they drop it can vary, no fixed formulae or strat for it
304
74% rang, short es, at 1590.50
intraday signal not swing, tho swings also look good
252
1297 is Investment Bank sell level, so prob will stall if it gets ther, BUT its late in day, and also 1297 does not give "that big" of a candle,,,has higher trgts
it can break 1430 toward 16.00 or 17.00
251
I have RAISED my order to sell nugt (quick swing) from 12.97 to 13.70... i dont want to sell it at 12.97 this late in day, may not give a buy back opp, and i only have a half position quick trade and full position mid swing trade
221
uvxy 6.41 resist and may stall there. but still have 654 trgt for now...may take some off 641 if we start to run out of time...want to take some off before 4pm...def will keep at least half though
216
still lots of room on nugt swings....50-100% and more, rare 3 year opp setup
214
imo, only way to trade uvxy vxx longs: trade only at extremes, and active trade half.....holding the 100% of all shares can decay and result in losses
214
remember that UVXY VXX tendency is huge green daily candles and many smaller red ones...so strat is to quick trade half position for 1--5% gains and hold the other half position for the big candle daily.
trading half and keeping half makes for small gains, but also serves as an excelllent cost basis method too as it lowers cost basis
212
watching carefully now as UVXY VXX 3min charts are rising, despite ES 3min charts rising and trying to make a new high over april 11 high
not necessarily today, but uvxy vxx may be basing for a huge move up in them. near gift territory here, almost not quite...but imo def worth a half size swing position. and quick trades also, long uvxy
137
EXTREMELY low volume on the ES 3min charts now
114
1247 last nugt, close enough to buy level 1
105
uvxy trgts remain unchanged
104
NUGT: 1222 and 1246 are buy levels for 1297 trgt
1222 abd 1297 are Inv Bank levels, 1246 is MM level
1139
watching reaction if es hits 1584
1139
74% almost ready to ring from 72% curr short alert on ES shortside...uvxy may pop soon
last 1586 es
1135
3rd hit here on the old NUGT 1262 resist level...still think it makes higher targets after it bangs this one enough times
1102
ES starting to get some red 3min candles now, after 72% alert...watching for followthru or not
1100
todays early morn opening high on nugt was 1280 but imo the "real" numbers are 1272 and 1297
1100
** new order on NUGT... sell second half quick trade from last week, at 12.97 NUGT if able. last 1268...if the 1272 resist area breaks then 12.97 is a Investment bank sell level....the SWING nugt multiweek hold has much higher targets, 50-100% gain targets as posted last week
1058
NUGT 1262 is now its second hit of old Inv Bank level from Friday,,,new levels higher but stalls near old numbers common,,,tho already tested once so could break to new daily highs after 2-4 tries at old level...raised resist to 1272 for now, 1260 last
1056
72% short just rang on 1587 ES.... intraday scalp signal alert
1053
1478-1483 gold futures resist zone, last 1473
simple horiz resist, prior highs, not complicated... those are NOT the Inv Bank levels tho
1053
mvoing now....1271 stall would be ok on NUGT, from 1240 move
1047
Gold futures moving up on 3min also trying to break resist...may see pop in gdx and nugt soon
1045
trailing stops work pretty good, but in my experience the Inv Bank sell levels give better returns than the trail stop
1044
749 and 840 old orders in uvxy swing...still have those orders and targets also
1042
uvxy..just made new intraday high, still no pb in ES...may turn out nicely quick trade
640 last
1041
broken record...but often the Inv Bank levels for today are hit tomorrow not today...like how nugt got hit this morn and we sold, b4 the nugt pullback
1040
this is one way that UVXY makes new intraday highs....it starts move up b4 ES down, then when ES goes down, that proples UVXY to new daily high intraday
1038
UVXY here is trying to breakout higher on the 3min charts ahead of ES which on 3min is also higher,
1000
also normally would wait for retest of ES high of day 1584ish not 1582, but ES was harshly rejected 1584 this morn so might not make it all way back up
958
uvxy may want 616 first before 654...if so may add at the 614 level. those are the Investment Bank Levels buy/sell
956
uvxy 6.32 scalping
i think ES will retest low of day, mkae a lower low
938
will prob buy back the shares for another nugt quick trade, still holding mid term swing in nugt as a seperate trade with diff targets
938
NUGT order to sell 12.64 half of shares, posted friday, was filled. still have half and will look to buy back. only 1.5% gain on it, intent was to take profit on half as the "average down" second buy fulliflled its purporse.
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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