Thurs thoughts

401
out of vxx uvxy. will look re=enter later if it bounces
i am NOT out of the UPRO tho, 4pm sys did not signal "take profits" or exit, tho it was very close.

349
2106 vxx stop in place into close, will exit vxx uvxy shorts today whether or not stop is hit, stop in place in case of sudden move, 2084 last

321
still planing to exit rest of uvxy vxx short today even if they dont hit target, still see lower but actively trading and want to lock the 16-23% gain, and look to re-enter short higher again

4pm system is close to saying "take gains on UPRO and SPY longs", and also is close to giving a short SPX signal, so being cautious on the VXX here. I do NOT PLAN to short SPX today unless it really surged high (not expected)

and 4pm sys may still give an "exit to take profit on longs sox"....its very close to ringing....100% wins on 4pm system longs for 2013, and 70-80% wins since yr 2000


313
1607 es, rang, and uvxy at 73.11 to short scalp

311
not trading it, but 72% scalp long signal ES SPY UPRO close to ringing here...not yet but close at 1608 es

250
MM now wiling to pay 4.80 for nugt, up from 4.60 buy

249
nugt hit 498 near 499 trgt per prior post, next 511 trgt, its up 8% today the stuff is volatile

235
watching 1611 es trigger...getting close to testing it now...1610 last

230
if ES hits 1611, then good chance it makes higher intraday high, last 1609

225
took half of UVXY shorts off, locked 16% gain on half, holding half

159
*** Inv Banks have now dropped their bids on VXX from 20.60 to 20.22...so likely will see the 2060 trgt...it still might stall there and bounce but should see it. 060/2030 and 2022  on vxx likely, tho often the targets are hit the next day as we've discussed often

Thus, i'll be patient and hold the VXX UVXY shorts a bit longer (tho took some off here to lock some profits, holding rest, and if it surges high enough may re-short)

142
look where nugt bounced...exact at 4.60 Inv Bank level...watching if hold or down to 440/432.
almost always it will stall at Inv Bank levels, but it could go sideways then down to next level, or bounce...watching

135
Some Inv Bank have dropped bids on VXX down to 1960, last 2090...so may exit VXX on trgt 1 and then try to re-short if it bounces....

134
marginal new low on vxx....approaching 2060/2030

127
VXX testing daily lows and they look breakable lower here, still holding the vxx and uvxy for prev posted trgt

1158
VXX the Inv Bank have not raised their bid or highered their ask, so have same targets until they change their levels

1157
483 Inv Bank sell level on NUGT...prob stall there,,,pb may give buy opp on it....a sustained move over the 487 would suggest poss trip to 503 Ihigher nv Bank level instead of lower

1155
still holding uvxy vxx shorts...vxx now back near daily lows after lil pop
same targets, tho may exit today and take profit

1107
notice  vxx made new lows on 3min intaday chart, but SPY not made new highs...the vxx often leads so we may see a higher high on todays daily

1105
440 and 460 nugt levels buy

1101
ideal world, vxx uvxy would make their targets today, would take gains there and use that $ to buy nugt and ideally  nugt does not go too high today

1059
not saying its time to short, but bulls are in a bit of trouble here with spx below the 50 MA for 5 days now...tho its approaching the 50ma and may close over it soon...may see some sideways but likely are going to see lower again later,,,

1052
Inv Bank secondary buy level on VXX is curiously placed at 1980...below horiz supp near 20 but above prior low 19.22 area... but they often put their levels in no mans land like this....it does suggest the 2030/2060 (primary buy level) trgt will be hit though.

1049
IF gdx closes at 2070 or higher today, and then if it closes tomorrow above today's high, then it will give a MACD hist buy signal on the daily chart, with a 2--30 day hold time (lots of ifs, just something to watch)

1039
gold silver metal are low enough, for smart money to pull money from treasury and buy metals, from multiweek months view


1032
in case of sudden fast move, for now, have orders set to cover vxx shorts under target at vxx 2030 (under 2065) and corresponding areas on  uvxy, and on the upro long. (am long upro, short uvxy vxx)

1030
2065/2189 vxx inv bank buy sell levels, targeting the 2065 area for poss place to take swing profits in vxx uvxy upro etc

1025
fwiw Inv Bank 462 and 490 are the "active" buy/sell levels for NUGT

1021
GDX bull volume diverg on June 20 and June 26 (lower vol on june 26), notice that NUGT has higher vol on june 26 but cant use the 3x for that kind of analysis because nugt is leveraged

1013
interesing thing about GDX vs phsyical metal gold GLD:  imo the decline in gold prices is "priced in already" to the miners, the miners should give a higher percent move up than the gold or silver, tho of course makes sense to diversify and have both

1012
and i think GDX is going to at least 36 or over a 50% rise on gdx, so nugt should follow


1000
posted friday that 4pm system signaled long spx upro or short uvxy vxx or long xiv. system may give an exit signal today or tomorrow to take profits

* 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".