Monday thoughts

339
some selling here now on ES as we near the close. watching if it sustains, for lower ES and higher VXX UVXY. big red candle 3min ES

145
for scalp vxx uvxy i have an order set to sell at 16.57 if it gets there. swing targets are higher.

139
expecting spx test of 1693 support, if that breaks then uvxy can shoot up nicely....need to respect that it will hold first try, but some factors suggesting it can break before 4pm for lower spx and higher uvxy vxx

137
just bought UVXY VXX for scalp, diff trade than uvxy swing, vxx 1599, and 42.24 uvxy, may be quick trade and exit today

132
UVXY is near 42 now but i had a buy signal on it around 43...i think it will go over 43 to 59, swings not today lol. and possibly double in price later.

120
: NUGT making new daily highs. continues march toward upper targets.
up 22% now from fridays close

850
UVXY i still have swing,
4pm system is still on "stay short spx", but as posted many times the longs have better win rate than shorts on 4pm system,

848
GDX may run up to 29 before any pullback, or another 21% in addition to this 14% for 32% on nugt, b4 pullback, hard to say

846
this is what i was talking about other day, why i like holding some NUGT and trading part, it's impossible to consistently time these huge gaps to the minute or day

831
NUGT is current set to gap up a huge 14% higher than friday's close. trading at 7.54 now, closed 6.59 on Friday.

* 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".