Monday, May 6, 2013

monday thoughts

249
if didnt have any uvyx, this would be close enough to 577 buy level here. 582

233
uvxy approaching the 577 buy level...not there yet...582 last

217
got a big green candle 15min nugt...will 2 more follow?

105
Last ES breakout daily was April 10. NOtice April 10 and 11 candles, then the next big red

1244
NUGT cleared for 1249 after hurdle of 1222, last 1205

1235
596 stall then 611 would fit pattern

1222
MM just cleared uvxy for 611....watching reaction, 591 last

1204
590 uvxy buy area but they have NOT cleared it for higher, yet...still holding it down via the ask...if they raise the ask then uvxy can go up

1204
591: heavy area for MM buying in UVXY....might see flash reaction, either direction up or down both normal...same as other day...longer term bias is up tho on the buying even if down to 576 next buy area....they r buying VIX not selling it

1202
72% rang,short

1201
es 1613 here, shorted spx

1200
576 next buy area uvxy

1200
591 added uvxy scalp, buy 2 of 4

1156
below mkt 1610.50 es, or above mkt 1614 shorts setup...one at 1612.50 may setup soon too
orders set 1610.50 and 1614 for now, whichever comes first...both to short

1154
1612.50 ES...the 72% short scalp signal is close to ringing...not rung yet

1146
uvxy still buyable here imo scalp 595/596 last

1142
still same trigger: 601 for 612

1142
uvxy: notice that this time, at least for now, the 3min uvxy still holding going a bit higher, despite lil bounce here on es spx,,,unlike last time....suggests the uvxy may go for its scalp targets

1139
GDX NUGT:  the dx futures us dollar may need another 4 hours of sideways or poss chop...in 4-12 hours may see reactions higher in gold nugt gdx silver,,,as the dollar moves lower later

small candles beget large ones, larges ones beget small ones, low volatility begets high volatility, as bollinger said

1056
uvxy if it gets to 601 then 601 trigger to 612 trgt 2,last 596...

1055
for now, have order in to sell UVXY scalp piece not swing, at 6.30, from 5.95 buy this morn...may sell lower but orders in to catch a quick move if it comes. there are many interim lower targets atm

1052
migth take some time but still see big move in uvxy, despite all "bullishness" in spx....i've seen Inv Banks accumulate the VXX products long

swing time frames not intraday...tho it starts intraday of course...

1045
long UVXY here 595. scalp. still see 749 uvxy and higher for swings

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* 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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