Friday

359
out dust 24.24

GDX almost always does this crazy high vol in last 15min or 1 min of day, as we talked about earlier today...of course most stocks do this, but it's exaggerated in GDX

333
 the GDX daily chart looks good, BUT the GLD chart does NOT look as good, so for swings i'm keeping the existing NUGT GDX holds, but i'm not adding back any of the JNUG that i took gains on earlier today, because GLD chart is iffy

320
wtach gold testing 15min supp now

246
MM gold now moved to sidelines...watching intraday still

244
gdx moved a bit lower in response to MM pressure..they've relieved it some...alll intraday stuff doesnt matter for swing

but helpful applic for scalps

241
MM just positioned to sell gold gdx: watching reaction
24.27 gdx

200
BELOW the mkt at gdx 24.24 i'll add shorts....last 24.29....quick trade only, still see higher GDX NUGT for mid term swings

157
GLD 15min chart still suggests gold needs a small pb lower

1235
got a lil DUST. scalp only not swing. 24.36

1202
5min gold futures stil dropping. when the 5min chart bounces, i might place an order to buy under the bounce on pb...but waiting for the "down" to finish first

1033
: JNUG from yest: because i have lots of nugt gdx, i've take gains on jnug and will buy back on a pb on 5 or 15min chart if we get one

1029
and gold is STILL susceptible to a pullback despite its bullish intraday look here...gold FUTURES   had a few quick nasty intraday moves down in the last 20 hours, and those often retest with higher lows and lower vol...

1026
and watch gold in addition to gdx

1026
mid term swings:  if GDX can hold on here, it could really go....the 60min candles on gdx are big (i.e. impulsive), not small trickle higher, thus far....so if we get 2-4 big candles, then sideways, it would be a bull formation, and that would push the 60m stoch up over 80, and watch to see if it can "ride" over 80 for over 6 hours...if so then the formation is likely bullish and a "set tighter stop to protect gains" as well as "buy dips if they present and are small/medium not big dips"

1017
nonetheless, GDX GLD have a lot of work to do on the shorter term 60min...60min chart still in downtrend that must be broken higher

1015

GC gold needs to get daily closes over 1310 in next 3 days...if it does then a bull flag should be forming on daily chart, and gold will "regain" its 200MA, which is marginally pierved lower atm...under the 200 isnt horrible as long as it doesnt stay there...the 50 MA is above the 200 on GC and if it starts to move sideways then a moving average ascending triagle will form

* 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".

thurs

2:35
4pm sys: suggesting an early EXIT SHORTS now SPX SPY spxu
THAT one was not very profitable on 4pm sys, but better than loss
so, CASH on 4pm sys, no long no short

took 20% gain on NUGT quick trade 2-3 days hold. out for now. still holding multi month GDX tho for 40.00ish

* 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".

wedn

920
ES trading about 8 points lower. gap down in SPY today was expected.
also, gold is trading +18 higher, also expected, GLD gap UP this morn, good also for NUGT GDX GLD

this is what i posted yesterday:

it would be "better" if 4pm sys does NOT give an exit today, and if SPY closes right on support 187.00ish it could be bearish and gap down in the morning.

if its a big red daily candle, and that candle closes near a support level, its easy to break support and continue lower via a gap down. closing on support on a big red candle is potentially very bearish, swing perspective

* 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".

tues

331
GLD GDX swings: i dont know if they are going higher or lower in next few hours, but imo if they go lower, it will bounce back near here, and i'd be a buyer lower to add to existing postion. if it goes higher, then we have some shares in the position now in order to participate in case it just goes higher and  does not go lower

323
it would be "better" if 4pm sys does NOT give an exit today, and if SPY closes right on support 187.00ish it could be bearish and gap down in the morning.

if its a big red daily candle, and that candle closes near a support level, its easy to break support and continue lower via a gap down. closing on support on a big red candle is potentially very bearish, swing perspective

259
NICE moves in SCO also, last 2 days

253
notice the small pop in NUGT, after the GLD "foreshadowed" warned of it 30 min earlier
next: we need to see if it sustains, or if its false, on both gld and gdx
MM sell level is 26.16 on gdx...inv bank is at 27.01 sell

235
Analysis could be "wrong" for sure, but IN GENERAL, retail shorts (or sells) "too early"...the daily GLD is tempting to "short" near resist here, but imo its too early and gld wil go higher, test the resist, and maybe even break it another 2-3% higher, or 8% on gdx

so trading GLD UGL SLV USLV GDX NUGT

224
god breaking higher here now as expected, watching to see if it follows thru....and watching if gdx nugt follow higher after god physical

218
15min gold chart: poss break higher, over 15m resist

217
just bought half size position at 26.01 gdx, may add more later

215
if the GOLD chart gc gld remains like this on 15 and 60min charts, i'm going to buy back the NUGT that i sold this morn near highs, for cheaper. swing.

1029
took gains on NUGT bought yest. still holding multiweek GDX swing, diff trades. will re-eval buying nugt again later. unknown if its going higher or lower in next few hours, so on sidelines on the quicktrade from test

4pm swing system remains on "hold shorts SPX"

* 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".

Monday

350
holding al the nugt overnigth...1% gain not enough to justify taking half off

1248
doubled nugt quick trade here, may sell half of it today, and keep half for longer. this is diff than the gdx multimonth hold, separate trades

1022
NUGT already up 1% since entry today

1020
stopped out sco. took gains. will re-eval buy back later
]
1020
stop on SCO 29.13 to protect gains on oil. will rebuy sco later if stopped out,

1015
: bought back NUGT again long here. gold may break resist on 60min charts. testing it now

* 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".

fri

1117
USO oil might be forming a very volatile megaphone top, look at daily chart from  Feb 18 and notice that higher high AND lower lows are developing...its a very choppy formation if it does form

1030
shorted oil here. quick trade. 102.47

936
i might take a daytrade later in gold slv gdx or nugt, but waiting for now...massive high volume red down candle on gold, so want to give this time to settle. even a short might work instead of long. watching for now

volume in gold futures GC is already almost as much as total daily volume yesterday, and its only been an hour

* 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".

thurs

1008
nugt..marginal break higher, watching if it follows thru or not :)

959
BACK in NUGT here, quick swing
i'll add more if it goes lower, but looks like this may break higher: 60min candle

954
GDX testing highs, trying to break multiday resist...watching if it gives a pb or not...will add on pb, and may add "up here", buy back stuff sold test

* 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".

wedn

350
oil uso is closing right at the "close here bearish" target posted test

218
just sold half of eco, keeping half
if oil puts in 2 more red day candles, then 'wee' :)

202
might buy back nugt again

201
i just took gains on NUGT quick swing, near high of day here

gold is giving a poss intraday warning, may start selling on gold
still see higher for multi week gdx holds, but out of quick swing nugt for now, and holding the gdx multi week. 2 diff trades

157
sco uso are getting to "nice to close the day near here" target

1257
GDX still acting well. notice it bounced after 5min chart pb
i'm still holding it

1219
oil testing lows of day, minor break lower but watching if it bounces or goes lower, imo lower for swings, even if it bounces

1128
gold gld is now testing 60min resist..watching reaction. it still looks breakable higher

1055
if uso oil closes near 36.20 today (it may not as its still further lower) then it might gap lower tomorrow. and sco gap up. a close on support, on a down day, makes a gap lower poss on next day. uso 36.20/36.30 area is daily support level

1023
GDX is at 26.40 right now....this # has been a popular midpoint stalling on both up and down in gdx for quite some time now

still holding nugt from test, up 3%

* 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".

202
gold is giving a poss intraday warning, may start selling on gold
still see higher for multi week gdx holds, but out of quick swing nugt for now, and holding the gdx multi week. 2 diff trades

tues

152
 there it goes...look at gold gld
watching to see if it is false break or not

151
78% intraday alert just fired intraday on long gold gld
its testing resist now on gold, so may pb....but alert suggests it could just break higher

127
look at GLD 60 min chart, it looks like it may try to break resist higher and fill gap

gld gapped down, but no follow thru intraday lower, and is testing the 60min resist now

120
just bought nugt, i'll put a stop on whatever nugt is at if we get a daily CLOSE (not intraday) under GDX 25.40

* 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".