1141
at 1626 ES is way too far from its 20 MA daily 1582, farthest its been in long time. also note how everytime the ES loses the 20MA, it tests the 50 MA and then bounces.
1129
if u look at UVXY...decay is not bad at all ocnsidering the instrument
look at May 3 spy and may 3 uvxy prices :)
and if one is actively trading uvxy nugt using previous posted strategy of buy at Inv Bank levels, sell half at Inv Bank sell levels, then Buy again next level, over and over,,,one's uvxy trades have greatly increased account value and have an excellent cost basis in the uvxy..strat gives small interim profits 1-5% on half positions, keeps lowering the basis on the second half, and then gives 30% or more on the larger moves when they come
1126
60min spy chart suggests that we might see start of ES SPX move lower today
1124
watching ES 1613--1618 support area. if that breaks, may see intensified selling, prob not until then
i still see a nice pb in spx, higher UVXY over 747 and very high nugt, for mid term swings patient on the nugt,,
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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