Thursday, October 17, 2013

thursday


400
Inv Banks: 105/112 buy/sell levels IWM
some larger Inv Banks also bought volatility today, vxx  uvxy...tho they are willing to endure lower volatility before higher

400my trgt was pennies off...IWM high 109.46, posted trgt this morn was 109.50...
still see a pullback coming in iwm sox,,,higher vix vxx uvxy, for swing


345
nice wedge on 60min iwm as it tries for prev posted 109.50....expecting a nasty break lower on it later...
(swing)

337
y: not adding any more uvxy, ok if falls lower another 5%, since trgt 1 is 37.00
may add more later if it decides to go lower, or do its drip drip drip daily

149
NUGT up 24% in last 3 days, up 19% today from yest...wild stuff...stil see a move much higher over 70

1241
GDX also doing well last 2 days, may be making a run for 29ish test...still see over 40 in gdx, and huge up on nugt, for patient swings

1240
if no pb of decent size today, it would still be ok...imo short swing here with 50% size are merited....havent been short in awhile except for that 1 day short posted 10/14...this one may last several days, will see

but just like 10/14: simple strat...when these huge trend days come, and there is no pullback even on the micro 5 min chart,,,AND its near resistance and extreme price,,,almost always will pb

advantage this time:  VIX near 13,,,tho it can really drop to 12 first

1239
uvxy at 2607
MM suspicious activity
pullback alert on iwm 109.17, higher uvxy poss from 2605 last

1141

IWM may try to make a run for 109.50 before going lower iwm and higher uvxy, but took a stake here in UVXY,,,will add later maybe...


1140
just took large position in uvxy at 26.61, to both quicktrade and hold swing....with room to add 3 more times...has worked over and over at this VIX level





1134
posted yest that VIX VXX UVXY buy area is 1200-1250--1300...has dropped from 1500 to 1318 last...getting there...

we should see a bounce in vix vxx uvxy, and pullback in spx spy qqq iwm russell, etc...once the VIX stops its decline....soon

* 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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