Friday, June 7, 2013

Friday thoughts


359
took upro profit, xiv profit, and reversed to spxu

354
spy may want 168 higher before lower. 168 is Investment Bank Sell Level, but i'll take the 4pm trigger if over 164.60, may be early

349
here it is....164.60 spy ....needs to close over that and will exit UPRO and reverse short, in 4pm system

347
4pm system is VERY close to saying "exit long and immed reverse short'....but it has not rang...will wait unless it rings...1-2 points more may do it

311
4pm system is often early, and it is not yet signalling "take profits on long" or "reverse to short"....waiting at least for it to say exit long, b4 the uvxy....tho the system is close to giving signal as posted earlier today...watching


309
may want UVXY again, BUT not yet...i'd like to see SPX closer to todays highs, or higher,,,,UVXy can get small daily candles after these big ones and drip drip drip lower, so being picky n patient...b

1134
not adding nugt here since already bought more, but may add 1047 at next buy level

1133
NUGT is approaching its buy trgt posted b4 of 1070, last 1075,,,"close enough" to consider it being hit

1132
if spx pulls back a lot today, then 4pm sys will likely say "hold longs and dont exit yet and wait for re-test"_...... the system is 100% algo based without any human interpretation, so just postulating here based on prior experience

1128
IF the spx closes near here 1642, it looks like the 4pm trading system (82% win success rate since year 2000) is going to signal a "take profits in UPRO long and immediately reverse short SPX". Note that the 4pm system does NOT always say to short at same time as exiting the long position, this happens sometimes not always. will know more at 3:55PM

1059
nugt may be waking up here intraday scalp,,,sudden lil move here...watching for followthru. 1135 and 1180 trgt...have order in at 1180 for now in case of sudden surges

1053
4pm sys should give a "take profit on upro spx longs" in next 1-3 days fwiw....wont necesarrily give short signal right awa but may start to move sideways and stop bleeding a lil on shorts

1050
NUGT migth see 1070 lower, b4 higher, and poss add more there. 1070 is an Inv Bank buy area
1135 mini trgt 1 on nugt, last 1100

1049
enough shares to scalp some today/tomorrow, and hold rest for higher swing nugt

1048
bought nugt back 1101.

still have half position of nugt from lower price, averaged up not down, bought back shares sold at 1147 (posted lim order week ago,filled yest)

1030
posted few days ago that SPY had 82% chance of going over 163.50 (per 4pm swing system)... has exceeded it today at 164.28 last. still has not signaled an exit, and in UPRO from 126.40, last 133.63 upro


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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