Friday thoughts

327
plus this gdx is right at old Inv Bank level, tho the new level is higher

326
tightening stop on nugt scalp now to lock 8% gain, is ok if miss more up cuz have the swing positino still in it, don't want to risk a drop from 8 to 5%

321
gdx just hit trgt 2 daily trgt...old inv bank level...watching reactions, and new level is 2620
still riding nugt trade second half from few hours ago, now at 8% gain

238
there is some resist at .72 below the .80/.85 gdx trgt...lsat .67 gdx

236
nugt "only" up 10% today lol

234
*** Inv Banks just raised their sell levels from 25.85 to 26.27 GDX...again the 25.85 area usually "sticks" on first try...stalls, tho in the final 90 min poss to blow past it,,,still it likely stalls there. riding the second half of scalp higher nugt

231
gdx just hit .60 trgt, nugt 6.44
.80/.86 next gdx trgt

223
took profit gain nugt 6.38 scalp....holding swing and second half of scalp, 4.5% gain on the nugt bought few hours ago 

222
on half stop .49 v tite, or .60 lim, riding it up


220
order in to take half nugt off at gdx .60 trgt...save half for higher or until stopped....scalp piece not swing

211
NUGT quick trade at 4% gain now, above the 3% from dust...expected the nugt to be higher, still holding it for now....

201
2540/2549 buy sell level on MM...tight range for them...may be trying to push higher...usually if they want lower, the bid would be at 2500 not 2540, tho could be faking and drop bid anytime... earlier today the short side looked fake and it turned out to be fake,,,this look is diff and i think they will go higher with it...watching...

159
compared to rest of today, decent volume on GDX NUGT as it makes new daily highs here, watching if it sustains for a pop to .60 then .80

152
gdx testing highs now...stop tightened hard stop .29 on the scalp piece only...dont usually set these hard but i also have a swing position in nugt to catch any upside i miss on the scalp

1241
GDX has hit the "over .31" trigger...watching for over .40 or not

1230
MM just dropped ask on gdx to .35 in effor to push for .20, may be headfake and not see .20...watching if they hold the ask lower here or pull it

1229
above 2531 in next 3 min, gdx may go higher than .40 before .20

1228
2528 could work,may not get 2520 gdx

1207
GDX has good chance of making a new daily high over 25.43, last 25.36 tho of course respecting resist on first test,,,but i'm not shorting it there, at least not now, esp because the Inv Banks raised their sell levels (tho those raises are often hit the next day not today)

but 25.80, i'd sell part or all of gdx nugt scalp (not swing)

1153
2520 GDX buyable imo if it goes there soon, for scalp, 2528 last, will likely hold 2520 or revisit it if broekn lower.

still holding gdx nugt scalp from lower as posted, but may add at 2520, unsure

1151
if ES decides lower, that could push nugt scalp up v nicely

1150
SPX is starting to see some selling now at es 1682...watching to see what this does

1148
GDX stoch on 5min chart is at 89 overbought but i'm not exiting just because of that...the scalp

1138
2539 adn 2580 gdx trgts intraday on scalp

1138
lol the .33 "just so happens" to be the old "add more short at .34" order (cancelled now tho)

1135
they've raised to .33 now from .28....looks like first mightve been lil headfake,

1135
gdx 2528 sell level...wqatching reaction here gdx...still holding but need to watch reactions, omve lower may present buying opp

1131
MM selling a lil GDX here trying to push it lower so they can buy more...watching closely to see if they hold this selling, if so may exit NUGT GDX scalp and re-enter....this is all NOISE for the nugt swing positinos, scalp info only

again, the MM often head fake on the first move, so giving it a lil time b4 panic exit with 1.5% gain...holding atm

1127
NUGT may go for 640 and 658, higher percent targets than the nugt short or dust long from b4, for 5% and 7% gain instead of 3% dust quick trade

1108
and obviously i cancelled the GDX "add shorts 2534" for now, the add more was never filled as it went lower to trgt instead and i exited

1106
i just went long gdx 2515 nugt 611, reversed from the prev posted short, quick trade, AND i'm willing to hold the long overnight if needed but plan on a quick trade if presents

one must be willing to endure a test of todays lows for this trade, i will NOT exit the trade on lower...this is a diff setup than the short,,,

1100
exited the second half, early, almost same gain, on gdx, and on sidelines,,,i see MM buying a lil here
now the MM often do a headfake, step in buy a lil, then sudden drop bid to lower,,so could really go either way, so im not buying it here but if it can move sideways on 5min chart then may scalp opp direction nugt or gdx long LOL

1057
DUST GDX are now at scalp trgt 1...thus taking profit on half and keeping half
$3 on DUST gain in 1 hour

1052
DUST is up $2 from post to quick trade earlier...tighten stops and ride it higher...(or ride lower GDX)


1045
2523 last, if gdx bounces in next 5-10 min will add to short position scalp else keep what i have if lower instead

order in:  lim add shorts 25.34 if it hits there

1042
RIGHT NOW the MM and Inv Banks buy levels are near 25, near the day lows on gdx nugt, to test retail at 2516 area, will be watching if they raise those levels

1041
25.16 area trgt 1 on scalp short GDX dust, if it holds there then may go long gdx nugt scalp, else see if it wants 2500....both are valid directions atm so need to see reaction at 1515 area if it gets there, if the candles are big red (bearish toward 25) or small red (bullish for up to 2550/2600

1037
GDX 5 min chart that i was mentioning in post above: 2516 hi and 2542 second high, and then 25.25 first low after second high of 2542, is what i was trying to say above,,,no time to post charts on quicktrades,,,,not sure if any of this makes sense LOL

1034
for mid term holds, atm only trading nugt not dust, imo, even if have to hold for several days


1032
GDX 5 min chart scalp: gdx made the old Inv Bank sell level, plus that # just so happened to be a second high on 5 min chart, and rsi 5m was high, so trying the scalp per multiple conditions met not just one. its made one low since on the 5 min chart, second low i'm out half and mayhold half

1020
and will add short at Inv Bank level 2 if it goes there higher first instead of lower, quick trade only, i still like NUGT for a 20--300% move depending on timeframe

DUST 96.75

1018
im doing DUST for quick trade...but gain may be small, and may take a small gain or loss in it if not move...actually im using short GDX cuz gets better fills


1010
take the quick 2% gain if it presents, and step aside, imo

1009
agressive would do DUST here or short nugt gdx, but need to be fast

1007
Inv Banks raised buy level, they may buy NUGT 606, good for next 1-3 hour only or until they change the level

lots of posts, just posting the action as it changes for those interested in seeing how MM and Inv Banks work, and for those that like to quick trade

1005
notice how 5 min chart of NUGT shot fast to 626/629 prior posted numbers and now stalling....as the MM are selling at the old Inv Bank level here

1002
*** Inv Bank just raised 626 to 640, so may hit 625, stall, then 640
The MM will often jump on Investment Banks prior levels when Inv Banks chagne them.

1000
personally i have no intention of taking any off at 629, holding for higher, but quick traders may see a stall in that area, pb opp to buy back, then sell again, rinse, repeat,,,if you want to watch all day LOL


956
NUGT Investment Bank buy sell levels for today:  595/626 and 566/651.
Yesterdays were 583/623 and 562/645.

Note that todays nugt numbers could change as Inv Bank jockey

* 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".