Tuesday, August 20, 2013

Tues thoughts


316
the 4PM system is still on "hold long spx upro" that triggered other day....

311
so Inv Banks have set their sell levels above all the prior highs after april 25, choosing instead the april 25 high and willing to wait for it to break the various resistances before then


309
Inv Banks sell level 31.20 on GDX, last 30.38

302
GDX acting v bulllishly, still holding half nugt gdx positions, and will look for opps to add more later
NUGT up another 11% today from yest!!!

301
OIL hit the 106.50 bounce "short more" area and has immed reversed lower to 105ish...same targets swing

943
imo OIL is still shortable here (SCO) for swings at this price 105.50, or 106.50 if it bounces there...a move to 106.50 i might add more shorts

939
VIX is up today while spx spy is up/flat... smart ones possibly buying protection insurance. if VIX gives a big green candle and goes up 10-20% in a day, i will take some VXX and UVXY off

934
OIL is down this morning, good for the swing position bought in SCO...still see lower oil higher sco, toward 103 oil and then under 102. SCO up 2.3% atm


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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