Thurs thoughts

343
tho may see 2650 first, i've added some here, with funds avail to add more if later

341
BOUGHT BACK the GDX here 27.34, and will hold this one overnight
the daily chart on GDX has a series of higher lows since June 28, so vdx likely will see higher than
29 before lower than 25

327
OUT early GDX at .50, exited at higher price b4 stopped out...will try to buy later again

325
STOP on nugt gdx quick trade at .46, very tight, will look to buy back later if stopped, lsat .50

323
i'm out of the oil shorts now. it may move lower today, even with a bang, but it's "enough", dont want the risk, so out near lows of day

322
USO daily chart since aug 28 has 3 lower lows, often bounces come after 3, so i'm being cautious with oil shorts from yest, and i will exit them today, and move to sidelines until next setup, then look to buy lower or short higher,

317
MM just raised their bids on GDX to 2 cents away from curr price...bullish for move to .62, then higher levels after pb

316
one could try shorting again oil here...i may be exiting oil shorts from yest from higher levels, in the next 1-45 minutes tho

309
conserv shorts in oil on break of .80 would exit here and try again later, at .65 last...

305
GDX NUGT quick trade up 1% and 3% since entry today, larger positions can sell 25-50% here, and hold rest for higher

215
OIL hit the 105.80 trigger...should break under .67 now for new intraday lows

213
have an order to sell quicktrade gdx 2807 and will try to buy back lower if hit....multiweek swing targets for other gdx and nugt positinos remain over 32 tho

212
MM are selling gdx at 2720 here, BUT because they want to buy at 2702....i'll hold on for now for higher...they are trying to accum for a move to 2770...Inv Banks have higher sell level of course

210
IDEA: if oil breaks 105.80, add short (below mkt). or, try to short at 106.00-106.40 range, whichever comes first (lower or higher)

208
27.70 gdx trgt 1 mini

206
MM (not Inv Banks) raised their buy and sell levels on gdx, so i jumped in early for a quick trade

205
leaving room to add more gdx at lower levels

205
LONG gdx early 2704

204
oil breaking, on decent 3min volume chart

200
oil testing 106 support now and looks breakable lower

151
i have an order in to buy GDX at 26.52 if it gets down there, good for today only

143
i'm OUT of the USO oil puts bought yesterday, at 10% gain, under the 20% gain target , i do expect them to go higher (lower oil) but don't want to hold the puts because they decay

i will continue holding the SCO and short USO however, for lower oil and higher SCO. atm, sco is near break-even point or small gain.

but puts options accomplished their purpose and plan, so exited early

927
OIL is trading lower here as market nearing the open

921
VIX still around 13.50 at yest close,,,still susceptible to moving to 1180--1200ish area, if u look back on daily chart its a common area,,VIX not VXX

918
same plan as yest for oil:

PLAN: now that cash is freed up as result of sales in GDX and NUGT, if the oil uso PUTS do not move today, i will SELL the PUTS at a loss and replace with short USO and/or SCO...since the USO will not decay like the puts do... the puts were a temporary 2 day measure to enable an entry position in oil yesterday before the cash was freed from GDX

* 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".