358
busy day, 8 daytrades roundtrip, 8 winners, 0 losers, no fancy layering scaling, single buy sell points
356
OUT uco uso scalp, small gain
341
after 4:00pm, i'll have a significant update on INVESTMENT BANKS in oil....poss impt data, not common, that was put in place today
336
will cash oil shorts, non futures, cover and push uso to trgt?
if not, any selling here in oil in next 30 min is likely institutional not retail...in oil
333
low vol pop higher in oil here...still trying to sell my scalp longs,,,toughest trade of the day
306
167 spy b4 170 would be bearish, and i'll short swing that setup if it presents
if spy tests 170 then likely a wedge higher to form
bears need to "stop" a test of resist....a test of resist in spy usually means pb then higher
needs lower highs, equal highs no good for shorts
305
todays spy candle...is bearish but needs confirmation
for swings
241
i have an order to sell at USO 38.53 if able, last 38.37. i may sell sooner
223
have uso uco order to sell at uso 3870 scalp but may sell sooner
223
watching for poss 38.54 "stop run" poke higher in USO, and 3870 tho 3870 seems a stretch for today..last 3835
202
oil long is now up testing resist...if it stays near resist too long, i'll exit...but giving it a brief chance to break resist
1259
why long oil? because it "should have" stayed under 107.36 to stay intraday bearish, instead it tested 107.36 (where we quick shorted),,but the fact that it made it "up there" to test, suggests that the 107.36 could break higher intraday, for a possible run up to 108.20, tho thats beyond the "scalp target" range....will just trade it actively
1257
LONG oil scalp, here at 107.00, via uso or uco
1245
OUT of sco, quick gain scalp
oil may go lower, and sco higher, but this break of 107 could be a "stop cleaner" and may reverse higher in oil, so took the scalp gain...on sidelines
exited on the 107 oil break lower, in case it was headfake
1223
sco is 2x short oil
1223
28.13 long SCO
scalp
1210
OUT 72.20 upro, took gain
1150
LONG upro 71.90, scalp
may be fast trade
1139
OUT , took gains on uvxy scalp at 3685, early exit but spy is up today so trading the scalp quickly
1137
mid-day....Market Makers generally run through the stop areas and then reverse, as long as stop is based on 15 or 60min chart....daily chart support and resist u might not get that good of reaction, since its stronger
1136
idea: think of where u would place a "stop"...of its a good area to place a "take profits here"
or a good place to buy new position
1135
will prob exit uvxy before 37.80 but have order there to sell in case it surges,,,the uvxy can move uber fast
1134
UVXY kicking in now, scalp
1116
glad to be out of oil breakeven...its lower now....thats why i took a "breakeven" exit on oil...had a lower stop but it wasnt acting as expected, so exited before stopout...
1114
when i trade vix...uvxy vxx xiv, i ALWAYS use the SPY chart in additino to VIX vxx uvxy charts, without exception, and will only trade the VIX if SPY is "tired" or "extended"
1103
SPY should pullback a little here, and push uvxy up
1103
took long UVXY, scalp fast,
out of oil break-even, small gain
1045
silver should pullback, oil should drift up, intraday,,,will re-buy silver prob when i exit oil
1044
long oil uso 38.18, may be fast trade, still see lower oil for swings, this is just a quick trade, buying support
1037
still holding quick swing GDX NUGT and mid term swings gdx nugt for higher, the UVXY XIV SLV is faster trade
1035
OUT of slv, fast gain,,,will look to re-buy later, 22.14
1.4% gain on USLV, less than 2 hours holding
1001
long USLV SLV here 22.03 slv
959
OUT 26.36 XIV
949
ES may want to try for 1693, last 1679
941
long xiv, scalp
939
SPY stalling, so will let it see whta it does here, spy may bounce, watching sidelines now
938
OUT uvxy 36.87
took quick gain
934
bought some uvxy, may be a fast trade, 36.6
SPY is at a resist level
930
GDX is also down 2.2%
929
OIL is lower this morning, big red 60m candles, down 2.4%, still see test of 102 then break lower in time
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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