Wednesday, May 1, 2013

Wedn thoughts

144
going out...letting things bake...be back later...may see a nice move here

142
1573 next trgt on ES lower

129
GOLD is trying to reverse. NUGT may follow higher

119
UVXY standing orders to sell 25% at 749, 25% at 840,,,other 50% have trgts of 652  672  690 with no set orders on that 50% tho

113
VIX is approaching that 1450 "trigger" area...close now

111
ES now at trgt 2 from 72% short signal ring b4....still holding the uvxy
nice big red candles ES

1252
If VIX (not vxx not uvxy) gets 14.50 then may sent the VIX to 14.80, and UVXY toward 747. And also big red candle on the ES.

1243
raised sell order on half nugt to 1247 from 1217. may adjust again later. holding other half for higher

1240
AMD just tested prev high and broke to new highs today for 2013

1237
LOL this nugt sure is wild isnt it?? trip to 1136 lowr then quickly up to 1194 now at 1167


1147
getting scalp reaction lower on the 72% signal now es


1138
72% short ES rang 1587 here

1137
nugt needs to get over 1179, then stall, then 1217

1131
MM and Inv Banks raised bid, and decent 3min chart, prompted nugt buy. cleared for takeoff to 1214 tho may sell under that

1130
order in to sell at 12.14 nugt just bought
will still have half position left after sale if filled

1128
bought nugt above 1147 here. quick trade.
looks like nugt wants to test 1197 and 1214

1050
GOLD futures selling pretty hard today

1023
LOL the uvxy just hit the 659 exactly and pullled back some...MM sold as expected, but larger ones waiting for 672

1017
i dont expect a move in 7 minutes to 672, like the fast move that happened during yesterdays "cleared for takeoff" post...because there are some MM waiting at the 659 level to sell uvxy

but as we saw yesterday in nugt, when MM and Inv Banks raise their ask price,,,,the cleared for takeoff move can come fast

1015
UVXY cleared to test 672 by MM after 659 stall, last 646
but i'm still not selling half at 672 and keeping half,,,at least not yet...want to give this "big day" time to bake

1013
1582 ES likely to be tested, and reaction there is impt...if 1582 breaks can see intensified selling...a stall first would be normal of course, but another weak bounce could spell trouble in the ES intraday

1011
bounces on 15min chart being sold, unlike test the second bounce just got sold, ES.


952
still have old orders on UVXY to sell 2 layers at extreme targets. same as last 4 days.

951
NUGT: just put in order to buy if moves down to 11.47, last 11.76. may not get a fill on the order, but for now only buying the extreme on nugt

944
also looking to buy back half position in NUGT that sold yesterday ....have half position now and looking to add another half...but waiting even though its at a great pullback price

942
6.67 UVXY is prior Inv Bank sell level from yesterday but i'm NOT selling any there, for now. will wait to see how this develops for poss higher than that. full position atm in uvxy as the 667 order was not filled to sell yest.. again often these Inv Bank levels are hit the next day, so may see 667 today...but also poss much higher than that, so waiting for now

937
maybe UVXY will put in a large candle today...


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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".

937

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