sold some 2% gain here 706,,,,trying for 2.85% and 711 on other piece....also valid to hold some overnight swing
349
711 i'll sell it
348
hit trgt 1...uvxy ...within the 20min...trying trgt 2
344
691 uvxy here could bounce again ...to 699 712...in 20 min
y: not trading based on that, but bought some more uvxy 691
and will sell some if such surge, else hold
337
still have remaining 25% for overnight hold nugt
336
sold 25% of NUGT early here 1152 not waiting for 1173
326
still have the 1173 lim order to sell 25% of nugt
306
NUGT buy sell levels: 1120 / 1175. move to 1120 i'd buy more
1145 lsat...may see 1175 b4 1120 tho
if so, will just use existing half size 50% position. will sell 25% at 1173 and keep 25%
302
if us dollar DX UUP closes like this, DX has a possible reversal lower candle...shoot star and a lower high, daily,,,for new lows on daily charts us dollar swing. could push nugt swings higher
250
uvxy
quick surge after buy hmm...will sell 705--712ish and try buy back again lower
247
settled long enough...but still may go lower to 677
230
uvxy just hit the 690 trgt and held...693 last...but es moving too fast so giving it time to settle here.no rush esp at 230pm active last 90 min
227
cancelled 690 uvxy buy...677 i'll buy it
226
it could move from a direct "exit long" to "short" but its rare, and spx would need to be higher than this
225
btw....its most likely that when 4pm system gives "take profits on upro spx longs"...its going to move to CASH...it will NOT likely signal an immediate reversal from long to a new short position
while in cash, the system will await either the next long or short signal
218
still holding upro swing via "4pm swing sys"...no entry signal given
217
lim order to buy UVXY at Inv Bank trgt 6.90
157
sold half nugt here to lock gains, 1143,,,,a lil under 1147 lim order trgt
152
MM appear to be in trade mode atm,,,accumul longs in gdx nugt,,,and wont surge until they r done buying this level
152
Market Makers just rasied their bid prices in GDX,,,not a lot but it may be enough to push nugt to .47 trgt....they have NOT raised the ASK tho,,,so hard to get up atm,,,watching
if they raise the ask, then we will likely see a sudden pop higher on 3min ,,,else drift chop...but step 1 is there as they raise the bid which is bullish
148
for some time now, very hard for GDX and NUGT to move higher at same time as SPX, but they took such a massive hit they are doing so now, also the us dollar helping the gold metals mining sector
but if SPY can pullbakc some, it may exaggerate and accelerate a faster move higher in nugt
146
gold should now test 1426 higher, then 1438, last 1423
135
sudden move on gold here 3min
122
heres uvxy at trgt 1. taking some gains profits on some shares here. 7.20 last
104
uvxy in its initial stages of moving up,since entry earlier today
102
note that NEM a main GDX NUGT component and influencer, has begun breaking over its 15min resist, ahead of the gdx...would put nugt at 1140 instead of curr 1120 level
expecting the rest of sector to catch up and higher nugt gdx for trgts posted
1243
its above 1140 resist 15min and under daily high
1241
lim sell half nugt to take profit at 11.47 if it gets there,may sell 25% of it lower if not make 1147 ,,,,for now trying 1147
1229
trgt 1 uvxy is 718 or a lil more than 1%...
1227
690 next buy level on UVXY
1226
UVXY 7.10 long
1214
ES long scalp is at trgt here now 1553 es,,,,exit
Es spx spy may pull back now
no exit signal on 4pm sys for upro...thats for scalp only
1137
also look at DX us dollar 3min lower....reasons for early additions in nugt and pay a lil premium on it
1137
added more here nugt...1122....for move over 1131 expected
1124
11.07 lim order to add more nugt, to allow more shares to scalp. wil continue scalping 75% and holding 25% swing
1055
resist on NUGT at 1148 under the 1188 high of day, then 1188
1053
Gold 3min chart has sustained as expected and putting in another big 3min candle
1048
big green candle forming in gold now 3min chart...may reverse higher
that 3min candle is as big as 15min candles,,,often sustains higher on that pattern
1019
after buy, nice quick bounce off 1120 nugt to 1140 last
1011
FILLED on NUGT long 11.22
1000
order to buy NUGT at 11.22 if it gets down there, last 1145....the 1143 right now is also a buy area but already bought it from about 8% lower than here so not looking to add here, the 1140 is a decent entry tho, may not make it down to 11.22 but if it does i'll buy it
941
it looks like SPX SPY UPRO might set up a buying long opp today....no entries yet, for a scalp or quick swing trade.... it would be similar to friday's long setup
939
MM sell level 1 on gdx is 2939 just above curr day high...watching reaction if it gets there...rejection or higher? its a MM level NOT an Inv Bank level
930
GDX is trading a little above Friday's posted trgt 1 Investment Bank Level...will see how much it stalls here, or if goes for higher.
Quick swing NUGT is at 12% gain atm, up 7% today,,holding for now. Swing nugt remains in the red for multiweek holds, bought just before and at the gold crash
922
4pm swing trade system: might give an exit signal today to take profits on existing long position in SPX UPRO and VIX short,,will be watching for that
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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