1224
15min SPY may try to bounce, but still see down bias on the 60m charts from timing perspective
1223
4-12 more hours down sideways bias on SPY for swings, UVXY may hit its swing targets in that time ...so holding now
1149
NUGT action today may be signif, as it finally broke higher and made a higher high today going back 16 days
1139
709 stall expected uvxy, last 695
1139
based on Inv Bank levels, i've lowered my sell order a bit on uvxy to 740 from 749, for today, to sell 1/3 there and take gains
1135
so, another opp imo for underwater shorts to get an exit...not necessarily right here, as lower expected....but watch for starts of sign back up and get out opp... similar to last opp posted awhile back to "get out and re-enter"
1133
swings,,,theres 82% chance that spx will go up and get a daily close over 1630,,,,but expecting more downside first
based on results dating back to year 2000
1131
posted last week: expect pennant to convert to bull flag by resolving down...still could be bullish lil later but meanwhile enjoying the uvxy higher and spx lower
and thats waht we are seeing here
1128
swings NUGT up 10% today, UVXY up 8%...still same swing targets and acting as expected
UVXY may get its 724-749 trgt soon...last 689
then 840, then 3rd trgt not set yet
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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