and there it is...IWM broke yest low as expected ••
the .77 was more impt than yest low itself...MM "hidden" level
325
i menat brk yest low poss...typo...iwm
325
still a few MM hanging out at IWM low of day...but its breakable vulnerable. obviously wont break if they gobble up at low...but vulnerable...watching
324
.80 and .77 trgts have been hit on IWM..watching to see if a lower low comes
306
DUST up 11% today...UVXY down today 5% ...nugt down 11% ... LOL that nugt dust can really move when it gets going...both ways...imagine outperforming the volatility vxx LOL
258
iwm MM action suggests now if .80 breaks, then test of .67 low of day...lil change
237
interesting the level is 9277 vs 9269 low of day...the MM have set it above the low...imo the more impt of the 2 is 9277
break of 9277 would suggest good chance of lower low intraday and that the .69 might break on first try...if it even gets to .77
236
9301 and 9277 IWM are MM buy levels...then the Inv Bank 9100
a piercing of the new MM level at 9277 could be very signify if it comes
235
iwm 9301/9340 MM levels...havent changed...no drastic moves until the levles are either pierced or MM changes them
231
738 uvxy...some MM lined up there for sell
228
MM UVXY buy sell levles 730/760
228
MM dropped IWM buy to 93.01
203
for multi weeks months holders: imo GDX miners are showing capitulation signs and will see very good returns in coming weeks months. a turtle trade....like the multi week months aapl trade ... this capit is not just today but rather stretches back farther in time...not talking about a single day capit
151
you cannot see it on the USO chart, but right now oil futures CL are testing their overnight high
so resist here in oil, tho prior high above 9720 is 9785 so could go for 9800...but imo lower oil swing, higher eco
134
theres the lil bounce in es and iwm, makes sense
trading by MM,,,no real investment
9345 sell level on iwm, last 9333...will see if they keep trading and sell there
131
es and iwm....3min looks breakable lower, but atm MM are holding bids very close to this price...may bounce tho it looks opposite...things not aligned atm
130
735 is a uvxy MM sell level...so need to get over 737 for any accel to 758 next MM sell level
.last 735
128
74% rang on ES short just now at 1566
127
mini breaks in 15min es support,,,but small ones,,,watching to see if volatil increases
1247
so if iwm gets to 96 that would be area i'd add shorts, swing..not today
else keep existing shorts for 91 trgt
1247
Inv Bank 91 buy 96 sell levels for IWM
1227
bought gdx a little too early. thought the 15min chart would bounce more to give scalp profit, and then buy again. but i dont mind holding it overnight as swing
1216
Inv Bank for GDX: 35.50 and 3800 buy/sell
1215
***** Investment Banks / Market Maker update: for swings. might take a little while, not likely today, but IWM 91.00 is now a reasonable target. New Investment Bank buy levels now dropped to 91.00 on iwm russel.
9346 last iwm. 9100 would give a nice move in tza. i remain in tza, bought near this level awhile ago
1157
MM on uvxy buy sell 730/740. panic 1 is 710 where i might buy some
1154
nugt scalp...trgt is next higher hi on 3min chart, trgt 3683 gdx
1146
iwm ready to test next MM level....getting lil followthru on the 72% alert
1111
yea market makers 9350 and 9325 are buy areas in iwm now...72% rang but not everyything lined up
the alert usually rings early, before the MM lower the bids
1108
iwm 72% short rang...uvxy long...for scalp...alert only i'm not taking positions
or long tza rang too
1051
gdx support 3620--3650 on daily chart...simple strat...bought support test (for nugt i use gdx chart)
1050
long 4oo shares NUGT
1038
bought 2000 shares AKS in vse port,,steel sector comp
may go lower in ask...but its getting "too far" from its 5 period moving avg on daily chart.... simple strategy...modest targets on it just like last time in AKS, since it is in a downtrend atm
1029
put another way, yesterday iwm went to equiv of spx 1535 area but spx low was only 1555 area...a 20 pt diff in spx...200ish points dow
1024
a look at IWM and SPY shows that iwm russel is much weaker, which is bearish for both imo for swings. tho spx seems to be going after that highly advertised all time high 1576.09.
but yesterdays IWM low was near its feb 20 and march 6 highs, which is also its breakout higher point in march 6/7. SPY did not make it down there...
pattern in spy daily is a wedge from feb 25-present. iwm in a rectangle that keeps testing its breakout point.
946
ie Inv Bank bias is lower, MM no bias in trade mode atm....common at the open of day
945
MM: on iwm major ones stepped aside aka inv banks...MM in trade mode here without bias up or down
939
SCO still valid near this price for swings imo,
936
IWM russel Market Makers selling some here 93.87,,,applicable more to swings...may let it up higher but selling some here
924
makes sense to take some profits today on silver shorts DSLV from 4 days ago
920
some initial heavy vol selling in oil futures this morn. looks like oil wants to break yest low after test. i remain short swing in oil via SCO
this is an example if diversifying...mentioned yesterday taking small 2% profit on UVXY for some of the uvxy shares, and bought sco with it on the oil bounce yesterday
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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