405
unique "in the middle" type price where both longs and shorts could work. imo price will go both above and below todays levels, just dont know which will come first,but both should come regardless of who comes first LOL.
403
UPRO here could work at 126.30, for a target of 131.50 and 135.00 approx.
I've bought some, half size upro in one account...the longer term account i'm keeping the UVXY 2/3 position...
400
IMO...the spx is susceptible to bounce and chance to reload shorts, 4pm sys on a buy long spx...more downside coming imo after bounce, so all depends on one's trading timeframe in choosing long or short, they could both work at this level
348
SPY is very close to its daily 50 moving avg now, basically testing it....overshoots under it are common, but so is stalling above it then bouncing...could do either in coming days
11:17 AM
: same trgts on uvxy nugt. uvxy may hit its trgt 1 today. or close to it.
UVXY move to 740 would be 27% up from 580. move to 840 t2 would be 44%. swing.
nugt has a chance of doubling, or more. mid term holds. sounds like a lot but this is unusual chance in the miners. and other stocks in port have done similar
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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