Friday, May 3, 2013

friday thoughts

329
uvxy 614 is trigger, last 611

326
then 1247 and 1281

325
nugt just hit 1211 trgt for scalp. 1236 next still

317
of course we need to wait for the close...but a possible nasty daily candle may be forming now in SPY...cant see it as well on ES

310
74% ES short just rang..suggests break of 1608 lower

309
nugt 1211   1236 sell levels

308
heres that expected test on 3min es charts...

306
626 and 640 resist on uvxy

305
1605 and 1601 next supports under 1608

304
still trying for 640 sell on 611 scalp uvxy but obviously may need to sell under that.

303
this pattern on 3min es charts: usually will test the last 3min low...and often break...then up but need to wait until down test down

no plan to trade it long....holding half the shorts, having taken scalp gain on half at first trgt as posted

245
LOL took all day,,,,but trgt 1 finally hit, ES, near t2 and looks now like 1608 breakable

212
long 1190 nugt
per plan posted earlier this morn

156
could see more selling depending on reaction there

155
1610, 1608 es 72% trgts

153
letting a little air out here now in ES?

1157
hmm ES picking up a lil vol here,,,may overshoot the prev posted 1610 trgt but watching. 1612 last

1132
609--611 remains MM buy level uvxy, and Inv Bank 5.91

1131
swing trgts and limit orders are higher and the same,no change. 7.49 and 8.40

1129
MM want to sell a signif amoutn of UVXY at 6.18...may be a magnet...and it could pop higher after 6.18 when they r done selling...the inverse of yesterday "buy levels" reactions... tho they want to sell some there, the MM are net long uvxy vxx imo...just using the 6.18 to sell some, take small profit,

limit order at 6.40 to sell scalp from 6.10 for now, from this morn entry...tho may sell lower

1118
1610 es trgt on the 72% signal

1045
72% short rang scalp 1614 ES
modest trgts on this big up day

1037
yea nugt at trgt 2 here, ran right thru trg 1 without stall...swing still higher...holding...up 7%ish today

1015
UVXY just hit 1249 trgt 1....for scalp will buy pb now if one presents, else just run with the half scalp and full swing pos if no pb

1013
bought some 610 scalp uvxy

1008
may get high vol next 3min uvxy
at MM buy area 612 now

1007
then 5.91 UVXY...is Inv Bank buy level....if it goes there, i might add uvxy

1006
610-613 level: there is heavy MM buying interest at that level...watching if it goes back there

1004
scalp: going to let nugt go to 1249 trgt,,,then may buy pb...it should pb first try 1249...let it do some work breaking some minor resist levels then buy pb, easier to glide through resist after already broken....SWING still have full position nugt, and half positino scalp atm


954
uvxy should test 627. last 611

942
MM 12.48 and 12.70 sell on NUGT ... Inv Bank higher at 14 but they will prob lower it

940
but US Dollar continues to follow expected roadmap almost exactly. still see lower on the daily dollar charts for swings. expected marginal new low on daily, then bounce back up to this area... should see lower again on daily

937
DX us dollar futures are now at breakout point, broke out then back down here quickly testing it not consolod after breakout

937
us dollar just pulled back 50% of its 60min big green candel

935
AMD up another 5% today, on way to 4.44 which would be a 100% move up (double) from $2 level


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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