Wednesday, April 24, 2013

wedn thoughts

359
gdx made 3043 today....target was 3047--3055 on gdx posted this morn 10am...almost made it fell a little short

356
took gains on half nugt here from yest. 21% gain from entry yest

351
******** NEW sell level Invesmtne Bank set on GDX at 31.07....still using the 3049-3055 trgt for now since old levels usually stick...but will watch that 3107 tomorrow... just set 2 min ago

349
nugt GDX is now exactly at gap resist, but the Inv Banks have todays sell level curiously set about 1% "into" the gap...watching here what it does

346
631,,,MM buying uvxy into close at that level

345
3024 last gdx...trgt 3049--3055

345
one more push...will put nugt at 10am trgt...will still sell under it , half today by 4pm

339
some Investment Banks sell level 655...others have moved their sell levles higher from 667 to 740, uvxy...moving fast the Inv Banks....faster than usual...usually the MM are fast but Inv Banks slow

337
641 trgt uvyx moved to 654...then 667...may see 641 stall or "it" there, last 635

335
PLAN:  going to take gains on half of nugt swing today, and keep second half for higher....if opp present will buy back half again lower tomorrow or other day

334
Investment Bank sell levels are often not hit until next day....maybe 75% hit next day not same day..why its "stretch" trgt...but holding for now,,,and may sell later,,,still up 18.5% today nugt

332
NUGT trying hard for the stretch 10am posted trgt,,,

331
if able Inv Banks will buy 626 uvxy...

330
632 trigger hit twice now...takes a few tries often,,,watching

328
LOL theres the 632 quickly afterwards...

327
notice 3min green candles uvxy right up to 628, then red candles...as the Market Makers sell a little here... should get 632 still tho then trigger...normal red

326
just hit 628 trgt...uvxy..now watching for 632 trigger for 640,,667

323
second half scalp: at 6.40 sell

321
will take scalp off half at 628, maybe here 626, from 617 posting 72%, gain 1% in a few minutes

319
last uvxy 622....uvxy trgt 6.28, then trigger 6.32 for 6.40

318
30.56 is an Investment Bank level...rarely are those achieved without a stall at the trgt (final hour can blow thru it but will usually return lower...to digest)

317
30.17 next mini trgt gdx...thats also a "trigger" number that if hurdled should propel gdx toward 3050
gdx curr at trgt now,,,trying to hurdel this one for 3017, 3056

313
notice that since the 72% short alert intraday rang... the vxx uvxy charts 3min are moving higher, ahead of ES lower... ES may follow,

309
rare opps with these big moves in nugt uvxy etc...not "normal" common... trading them actively when they present...usually much quieter

255
29.90 and 30.56 are the Investment Bank Levels to sell on GDX...i'm trying to wait for 30.30ish which should put nugt at or near prev posted trgt

also i'm inclined to hold some of this nugt. yes 17% in one day is a huge day...but is it a one day wonder? maybe. but the other swing targets are higher and gdx may decide to put in 3 white soldiers pattern on daily, for another 2 up days....will see...

254
72% short ES signal rang just now at 1577

246
uvxy buyable for swings here imo, tho i'm not adding more since already have some

245
very nice nugt action, up a big 16% today...still not at target but approaching it


1000
for now, going to let the swings bake awhile. leaving at 1030 am for a few hours.
orders set to sell NUGT 13.47 and UVXY 8.40. not expecting fill today on those. trots if hit are 31% gain on nugt, and 30% on UVXY. they are not both just arbitrarily set at 31%, that's a coincidence

935
then 29.35 gdx,,, nugt up8% atm

934
NUGT bought yest up nicely here...2920 gdx first trgt for nugt so will be watching,,,may exit and re-buy lower, or hold. unsure atm


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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