Thursday, May 23, 2013

Thurs thoughts


955
uvxy 660 and 695 are sell levels before the 749 level

917
UVXY Inv Bank level newly estab at 774, up from 752 prior from 2 weeks ago, so decay on UVXY basically non-existant

Market Makers of course will jump over Inv Bank and front run them, selling at lower levels on the way up

914
mid term SWINGS: Orders in to take gains at UVXY 7.49 and 8.40, 1/3 each and hold the final 1/3 for higher. NUGT sell order 1/3 at 11.40 on full size swing position.

quick swings: continuing same strategy of buying and selling near Inv Bank levels, when charts ALSO support the buy. this keeps the "decay" of the 3x in check, due to active trading of it


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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