mon thoughts

357
cancelled DUST order, nervous could still exit here with small gain...i'll exit manually in 3 min, afterhours, or tomorrow

holding NUGT longs for multidays weeks swing, and will add to NUGT swings if it decides to pullback in coming days

347
Inv Bank levels are bearish on russel, bullish tza at 24.50 tza buy, 2601 tza sell

341
most likely any action here between GDX 2783 and 2812 is retail or daytraders not MM Inv Banks
doesn't mean anything much in that narrow range

337
that # is in middle of nowhere, based on Inv Bank actions sell level, so may adjust it,

336
placed lim order to sell DUST 64.69 if it hits that today

331
2780 and 2750 more impt supp of course,,,but now susceptible to test those lower on trigger

330
gdx hit 2791 trigger

321
Inv Banks still waiting on 2690 gdx buy...near gap below

321
MM on GDX have dropped bids and ask both...a lil...nothing agressive but may see .82 test

312
if quick trade long oil, imo makes sense to take the quick 6% uco gain here....i'm already out...looking to short oil soon mayb tomorrow..quick trade 2-3 days on oil long bounce...short will be held more time

308
imo close of ES under 1682 bearish for swing, under 1670 "trend change" bearish

243
so quick trades on GDX: short 28.20 higher or 27.90 break lower

238
scalp trading idea: dont buy 15min support on cash charts after 2:15 pm, only buy 60min support. and short breaks of 15min supp and short tests of 15min highs

237
ES came close but didnt hit 1682...if it hits 1682 this late in day, will watch reaction...good chance it breaks lower this late

234MM waiting at 2783 to buy gdx....will be watching to see if it stall there or not, will give clues

232
quick reaction to the 72% signal as DUST pops up....but this is NOT the Inv Banks selling here on gdx...not yet...its retail...not even MM...yet...but price moving around

231
61.07 DUST...the 72% long dust short gdx just rang
quick trade signal only, NOT suggesting multidays weeks run up on NUGT is done, just quick trade dust signal

225
SPX topping process. no aggressive selling yet....it  tends to "behave" until institut are finished selling...then when they r done selling, they dont want to buy until much lower, and the market moves down faster...Institut do not want a fast decline before they r done selling

224
if it doesnt move today, willing to hold DUST overnight...but have modest targets on it, not like the huge NUGT trgts

209
15 and 60 min gdx "need" to digest and pullback,,,idk how much it drops or if it just decides to go sideways...but behavior should tell us a lot in comoing hours days on GDX

206
Inv Bank GDX are at 26.90 / 28.53 still

205
GDX:  the MM are still in trade mode, with bid and ask both close to price, about 2785/2820....until they drop the bids, gdx not likely to see large move lower...watching the bid

154
heres ES at the "trigger" test posted b4...watching reaction...looks breakable lower

153
2692 and 2780 are the 15 and 50 MA numbers on the 15min chart...tho personally i use MA less than actual price and actual prior lows and Inv Bank levels...but MA gives an idea

151
notice GDX 5 moving avg..on the 15min chart...atm its acting as resist....15m chart needs a pullback in coming hours/days...tho likely will be to a higher low on the 60min charts

134
DUST quick trade now near a "breakeven" mini gain of 50 cents....nervous would exit here, i remain in DUST quick trade for now, and simul in the NUGT long for swings

102
oil almost ready to re-short after the quick long trade,,,,short will be held for more time..no entry yet... CL futures, USO short, SCO etf

1259
order for DUST cancelled...will do manually

1245
intraday gdx still vulnerable, tighter stops make sense imo....look at GLD today...GDX may give a similar chart pattern....GLD has a lower lower on its 15min chart, unlike gdx

1235
vxx uvxy still buyable here for quick trades or swings 1455 and 3473 imo

1232
1671 ES still the major support # to watch...for test of it and then if it breaks...would expect it to hold on first test...but will bounce be small? and when that breaks, likely see further selling, higher vxx uvxy

1232
watching 1682 es...same below mkt # as before...if that breaks could head to lows of day and lower...

1154
inv bank set to buy gdx on mini break of 11:15 am candle low...supports lowering dust trgt...nugt may be buyable 760, last 780


1130
spx hit supp form aug 7 daily chart and bounce today so far...but when the aug 7 low is taken out, will see a bigger red candel,,,imo lower coming

Institut still in distribution mode...

1121
DUST when lower b4 higher, when higher was expected, so i've lowered my target on the dust and will exit early....

1120
lim sell DUST quick trade 64.49 if hit, last 63.2

1115
ES 72% short rang, quicktrade not swing, 1687

1110
added vxx quick trade, 14.53

1106
DUST hit 61.95 buy target, added

1054
bought DUST early here, 63.20

1047
have order in for DUST buy 61.95 limit if it gets there...quick trade only...still see lower dust and higher gdx nugt in coming weeks

1038
GDX: 2800 or 2850 ish may cap GDX for today, then pull back...unless Inv Banks change position...still see higher in coming weeks

1029
BOUGHT some VXX here a bit early, 14.63...quick trade...willing to endure lower and actually want lower to add...so will still add at same # as above

1023
aapl gapped up...ndx maybe just reacting...temp

1021
will sell short into strength higher, or sell short weakness lower...intraday, since the "swing" indicator favors shortside

1020
SPY rejected at gap fill resist 169.17ish,,,,but waiting to see if it wants to go over the gap before shorting it....spy spx

will sell short into strength higher, or sell short weakness lower...intraday, since the "swing" indicator favors shortside

1015
as expected, Investment Banks have shifted their GDX buy sell levels, now at 26.90 and 28.52

1012
also have order to quick trade VXX long at 14.30 vxx if it gets there, last 14.73....still have the "mid term" uvxy vxx swings for expected move over 17-20 vxx

1009
i'm going to quick trade short SPX as follows: BELOW the mkt at 1682 ES, or above the mkt at ES 1691, whichever comes first

will use VXX   SPXU

1691 is friday 1:30 PM high, 1682 is this morning "trigger" support

1004
look at SLV daily chart...notice that today its above the JULY 22 candle....whereas gold is not..

959
NUGT hit stop 767....will buy back later again...may go to 740 today...if 740 then stall...may buy there, maybe lower

gains locked, on NUGT,

950
NUGT has moved up a crazy whopping 53% in 3 days. so def riding with a tite stop here...still see higher for nugt swings to the 100-400% move...but quick trade position using tighter stops...

947
stop now at 767 as nugt moves up...wont post every change here to avoid clutter...but manually trailing the stop up on nugt

945
*7.46 not 753

944
put a STOP on NUGT 7.53 to protect gains, on my "acitve" quick swing position....multiweek position, no stop

941
right now Inv Banks buy sell levels are too far apart to be useful for today...they are at 23 buy 31 sell GDX..but they should narrow these in the next 20-60min...will see what they do and prob take some nugt off today

939
NUGT is up another 15% today from friday

938
remember on friday we were talking about how Market Makers were buying near Friday's highs? this is the common reaction up when that happens...the MM will take some profits tho and push price lower, so active trading position i'll keep tight, while letting the multiweek gdx just "ignore" it and hold for higher


933
nugt has moved over the 7.40 we expected :)

932
us dollar higher will generally push oil lower, since worldwide oil is priced in us dollars, tho this relationship is not always in place

* 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".