Wednesday, May 15, 2013

Wedn thoughts


326
605 and 627 UVXY trgts

246
if ES closes like this, daily bear shoot star candle

216
but still have scalp order set to sell higher than that at 1019 , may lower it later

215
MM cleared NUGT for 990 test. last 974

1230
UVXY acting normally after prev posted test of resist. it pulled back, now testing again. still see breaks higher in the vix and vxx uvxy

1100
reminder: Ops Exp is often volatile

Option Expiration Notice
The last day to trade equity option contracts expiring on Saturday, May 18th is Friday, May 17th.


1039
bought 984 nugt

1030
i'll add nugt 980 if able, good for a few hours that order

1027
998 Inv Banks just bought NUGT fwiw

1023
UVXY 60min chart--note that it has broken above the 60m downtrendline....would be normal to pullback but later a break over 6.00 is expected, toward both the quick swing and mid term swing targets

usually when a stock tests a prior high on 60min, instead of making a lower high, then that prior high will break and the trend will reverse from down to up, tho it may take hours days to do so


1012
AMD just about hit its 4.44 target for 6 month hold, for a 46% gain in 6 months



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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