Friday

308
Ah...a few minutes later, there it goes...1970 to 1950 drop on JNUG...means nothing imo for swings, but useful for the daytrades :)

302
still have not seen any reaction, but ATM theres a lot of sell pressure on GDX. watching to see, as below  post

'253
some MM are postitinoed to sell GDX right here 24.34, higher than normal. will see if it holds over the 24.25 and 24.10 areas despite the sell pressure, which has not triggered anything, yet. will also see if they change their mind and exit the sell stance. intraday info only,


213
4pm system swing is holding SPXU (short of spx) from 54.40, will hold over weekend

152
at 1:15, the 15min chart bull flag broke higher on GC gold futures, now a small backtest expected, then to test 1305, then break over 1305, last 1302

151
scalp trgt here. 1971 jnug
it should pullback a bit here on jnug, give anothe opp for scalp long later

1202
GDX 24.12 is another buy area, MM not Inv Bank

1201
if JNUG drops lower, its likely to return to this level, the MM and Inv Bank levels are almost always revisited. scale in, layer price levels

conversely, it can pop higher at the buy level, to 1980 resist, and 20.00 break higher

1158
1948 scalp jnug here could work
MM buy level

1149
USLV position is also up 8% today from yest,silver

1145
just now, took at quick 8% gain, SOLD HALF the JNUG at 1970, and will look to buy it back lower. keeping other half jnug, and all the nugt gdx

113
up 8.5% now jnug in one day since yest, trgt 2 is 23.80, last 19.70, for a 30%ish gain if trgt 2 hit. NUGT targets swing even higher, tho multi week hold. JNUG i might trade in and out before the 30% trgt, but holding for now. watching to see what it does today thru the day, and watching gold as it tests yet AGAIN the 1300 area. if gold can stay over 1300 for 3 days, NUGT JNUG may surge 30%

1025
JNUG up 4% from test when it was bought, but i'm holding it for much higher targets, swing 2-10 days.

* 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".