Wed thoughts

331
130ish next nugt trgt higher, last 77.08

329
going to add more shares to NUGT swing...still see GDX over 32 and NUGT over 107,,,,this is a gift today to add, multiweek hold so may require some patience, but nugt has been good to us thus far

209
ACTIVE traders, not using 4pm sys...imo SPY 165.00ish will stall and is a trgt higher

154
hit .56 stop...running with 2/3...and may buy back 1/3 again

151
stop 28.56 on 1/3 of GDX nugt quick trade...thats for small gain if stopped but mostly because the "average down" accomplished its purpose, and will run with remaining 2/3,,,and poss buy back 1/3 again, 29.61 last

138
added...buy 3 of poss 4...gdx nugt quicktrade here at 29.42
waiting on #4 buy...may go lower, but added #3 on this lil stall...

137
looks like GDX is giving opp to add to quick trade on this move down, but not adding yet...waiting as if may go lower

1257
MM just raised their ask from .80 to .88 GDX...watching if it goes for test of daily high now,
last gdx .77

1241
MM gdx sell levels 2981, 2988, 3045

1239
if GDX see 2981 in next few minutes, may see a lil pop 10-30 cents higher,
there are some smaller Market Makers trying to sell 2980,,,when they r done selling then the sell pressure will be relieved, and allow for higher

1227
SPX ES...trying to break resist now...higher

1225
if it goes sideways or down only a lil then sideways, would be bullish...and may give opp to add

1224
next 3-4 candles on gdx nugt 5 min chart (next 15-20 min) may be impt...watching

1220
GDX might give an opp to add a third time to quick trade positon, if the 5min chart moves lower before targets are hit...no additions yet, and price may be higher or lower than prev entries.

Why add more, if one is adding at a higher price? because more shares means more dollars profit, tho the percent gain will be less the actual dollar gain is higher

Also, averaging UP is a sign that the trade is "working"...that its making higher lows....

One can also average down, but imo that only works when the next level is significantly less, and at a major not minor support area

1206
GDX quicktrade missed first sell order by about 10 cents, so im now RAISING orders to sell 30.13 (not 2994) and 3040, for now, on gdx nugt 

1200
so targets are GDX 2994 and 3040, for quick trades on GDX, and higher for the swing trades multiweeks (over 32)

1159
adjustment: have order to sell half of nugt gdx at  GDX 29.94 (not 29.97), and half at 30.40, for now...

1154
SPY spx marginal breaks in highs, trying to fill gap higher, 60min chart
watching to see if this persists higher or not....
4pm system does remain on swing LONG spx, triggered yesterday

1152
adjustment: have order to sell half of nugt gdx at  GDX 29.97, and half at 30.40, for now...

swing nugt i'm not selling, holding for higher

1147
bias on 5 min chart GDX is up atm, may persist for 2 hours on the 5 min charts...

1145
if gdx stalls at 29.90 i might take off half there of gdx nugt quick trade from this morn, but still see 3040 area later...will see what it does on test of .90, last .72

1122
IF oil hits 112 again, i will add oil shorts via long SCO or short USO, last 110.03

1121
ADDED more gdx quicktrade here, nugt, at gdx 2965...paid more than first entry so avg up not down, but 5 min chart set for nice bounce, aligning with 15min chart needed another few hours on it

1111
5 min chart of GDX: may present another buying opp in next 1--5 candles...still holding quicktrade piece, may add more, might be average up not down (paying more for second piece)...no entry yet

1107
XIV from yest, upro, xiv, gdx all acting well...
but holding for higher targets

1100
GDX 15min needs 2 more hours,,,watching to see what it does.
60min chart needs 4hrs--2 days, watching

I use the 60 min chart for stocks I want to hold from 1 hour--5 days.  15min chart for quicker trades. And of course daily weekly for trades to keep/hold 3 days--6 months.

1059
ES  SPX at intraday resistance now, watching reaction

1021
larger positions would take 25-50% of gdx off here at mini resist .79
for a quick 3% gain on nugt, 1% gain on GDX, 

1016
3045 is real target but i've set my order lower

1016
have order to sell GDX 30.20 if able, may sell lower but giving it some time to see if it want a little surge, that would be a 2% move in GDX and 6% on NUGT, scalp piece,,,swing targets a lot higher

1010
2952 scalping GDX long
This is diff than the NUGT swing position

* 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".