Thursday, June 20, 2013

Thurs thoughts


400
still see GDX going to 34 from 24 here, about 40% move, which should allow the NUGT to move well despite some decay in it

357
selling at or near Investment Bank levels on UVXY usually works well, as we did today

357
also stops impt...uvxy dropped from 88 to 83 in minutes

355
if one looks at daily VIX chart, u can see that gap down vix or pullbacks often happen on these huge vix moves, why exited and too 27% gain

351
out at 87.40 uvxy for 27% gain, bought 3 days ago

349
stop 87.40

344
stop 8680, last 8840

342
has approached 87 trgt, waiting for 89 instead, with stop still in place

339
then 89 trgt next sell level

338
87 trgt on uvxy. will sell there if able. Market Maker sell level at 87, intraday

335
i put stop on uvxy at 84.00, last 85.15, bought at 69.00....will close out part of it today. often a pullback in vix after big move like this

223
EVERYTHING is down today LOL...bonds TLT GOLD SILVE SPX....everything except VIX UVXY

221
holding UVXY from 69 buy posted b4 about 2 days ago, is at 80...but not selling any here

and still see great opps in GDX NUGT for multi month holds,,still see as rare buying opp just need to be patient and wait.


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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