Wedn thoughts

334
IF ES SPX got down here on small candles, slowly, the I'd take some profits in UVXY (25% of shares). But the big red candles on ES SPX are keeping me from selling here, instead preferring to wait for larger targets. Can SPX bounce and UVXY back down again? of course. but imo, more down on SPX in coming hours days

330
MM are selling a lil uvxy right now cuz they want 614 buy level if able,intraday...but running out of time near 4pm here

328
 atm...640 MM and 660 Inv Bank Level on UVXY... for "smaller" trgt

630 and 680 are obvious "horizon" resistance, the Inv Banks as usually have put their numbers somewhere else LOL

but UVXY can blow through any levels when ES acting like this....

321
look at volume on ES...last 3 candles 60min chart not really that high...plenty of room down before any volume exhaustion

310
it might take some time, but gold silver nugt gdx should all benefit from any downside in SPX, and from any fear in the market

NUGT earlier today did make a big move up, 12%ish, but has since pulled back 10% LOL...volatile stuff,,,,still see the nugt higher trgts for swings

301
today...Might be seeing the begininng of manifestation of short signal on es spx posted2 days ago
ES is down 8 points as i type this, after making a new high at 1684, now at 1657
also, a higher high, and then a close on a lower low from prior day, would also be known as "key reversal day" if that happens

1106
Same targets on NUGT too

1106
There is a HUGE shooting star on ES 60min chart of about 13 points, watching to see what the daily candle looks like at 4 PM. continue to have the same targets in UVXY, which has held up very well through the last 2 weeks of ES SPX SPY rally

Trades can be viewed at the links below.

http://www.marketwatch.com/game/christopherstockguy-100k-port/portfolio/Holdings 

http://www.marketwatch.com/game/christopherstockguy-public-1/portfolio/Holdings

http://www.marketwatch.com/game/christopherstockguy-public-1

For details on the portfolio see this posting:

http://christopherstockguy.blogspot.com/2012/04/link-to-trading-portfolio-of-posted.html

* 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 thoughts

1039
SPY now getting a lil stall and bounce on 60min 20 moving avg...but looks breakable lower later

1037
also notice daily candles today and yest on spy

1036
spy testing 60min support now and it looks breakable, down to next level of support via trendline or horizon

1034
its easier to see on a SPY 60m chart than ES chart...but imo 60min SPY looks like its going lower. time analysis is 4-12 trading hours bias to sideways down

1030
UVXY looks like its getting ready for a move in coming hours days,higher. may start today.

Trades can be viewed at the links below.

http://www.marketwatch.com/game/christopherstockguy-100k-port/portfolio/Holdings 

http://www.marketwatch.com/game/christopherstockguy-public-1/portfolio/Holdings

http://www.marketwatch.com/game/christopherstockguy-public-1

For details on the portfolio see this posting:

http://christopherstockguy.blogspot.com/2012/04/link-to-trading-portfolio-of-posted.html

* 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 thoughts

335
Although NUGT is up nicely 18% today, NUGT Inv Bank sell levels still 1040/1049---still waiting on those to sell 1/3 of 150% position in nugt, to hold the other 100% for higher swing trgt

Same Inv Bank levels since last THursday, tho there is some pressure at the 980 level on MM in nugt...stall there likely. last 970

Trades can be viewed at the links below.

http://www.marketwatch.com/game/christopherstockguy-100k-port/portfolio/Holdings 

http://www.marketwatch.com/game/christopherstockguy-public-1/portfolio/Holdings

http://www.marketwatch.com/game/christopherstockguy-public-1

For details on the portfolio see this posting:

http://christopherstockguy.blogspot.com/2012/04/link-to-trading-portfolio-of-posted.html

* 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".

Friday thoughts

945
Inv Bank sell level nugt 10.49 atm

Trades can be viewed at the links below.

http://www.marketwatch.com/game/christopherstockguy-100k-port/portfolio/Holdings 

http://www.marketwatch.com/game/christopherstockguy-public-1/portfolio/Holdings

http://www.marketwatch.com/game/christopherstockguy-public-1

For details on the portfolio see this posting:

http://christopherstockguy.blogspot.com/2012/04/link-to-trading-portfolio-of-posted.html

* 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 thoughts

208
fwiw, the 4pm Swing Trading system will almost certainly give a swing SHORT signal today on SPX, with a target for 1586 spx. right now spx is at 1658.

No guarantee of course, but Previously Posted performance stats on 4pm system since 2000. About 82% wins, hold time 3-46 days i think, avg about 2 weeks

4pm system does NOT always allow calculation of a target, but due to the nature of how the signal formed this time, a target was calculable at "under" 1586, without a specific target number. Usually its 2-5% "more" than the "at least" number, so 1506--1554 poss area to pullback to.

1010
UVXY has hit first scalp trgt this morn, posted yest....still holding for higher quick swing targets.
Posted Trgt 605. hi so far today 607.

627 UVXY next micro trgts before the 749 and over 800

Trades can be viewed at the links below.

http://www.marketwatch.com/game/christopherstockguy-100k-port/portfolio/Holdings 

http://www.marketwatch.com/game/christopherstockguy-public-1/portfolio/Holdings

http://www.marketwatch.com/game/christopherstockguy-public-1

For details on the portfolio see this posting:

http://christopherstockguy.blogspot.com/2012/04/link-to-trading-portfolio-of-posted.html

* 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 thoughts

326
605 and 627 UVXY trgts

246
if ES closes like this, daily bear shoot star candle

216
but still have scalp order set to sell higher than that at 1019 , may lower it later

215
MM cleared NUGT for 990 test. last 974

1230
UVXY acting normally after prev posted test of resist. it pulled back, now testing again. still see breaks higher in the vix and vxx uvxy

1100
reminder: Ops Exp is often volatile

Option Expiration Notice
The last day to trade equity option contracts expiring on Saturday, May 18th is Friday, May 17th.


1039
bought 984 nugt

1030
i'll add nugt 980 if able, good for a few hours that order

1027
998 Inv Banks just bought NUGT fwiw

1023
UVXY 60min chart--note that it has broken above the 60m downtrendline....would be normal to pullback but later a break over 6.00 is expected, toward both the quick swing and mid term swing targets

usually when a stock tests a prior high on 60min, instead of making a lower high, then that prior high will break and the trend will reverse from down to up, tho it may take hours days to do so


1012
AMD just about hit its 4.44 target for 6 month hold, for a 46% gain in 6 months

Trades can be viewed at the links below.

http://www.marketwatch.com/game/christopherstockguy-100k-port/portfolio/Holdings 

http://www.marketwatch.com/game/christopherstockguy-public-1/portfolio/Holdings

http://www.marketwatch.com/game/christopherstockguy-public-1

For details on the portfolio see this posting:

http://christopherstockguy.blogspot.com/2012/04/link-to-trading-portfolio-of-posted.html

* 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 thoughts

347
MM raised bid..nugt..may get another .10

338
*** MM have cleared nugt for 1114 now... raised the ask....often first raise is just a test and they will lower again...watching

337
1089 next

336
MM still not done selling 1085....watching for them to raise it..selling it here now

333
1079 mm buy nugt
MM have raised the bids but have NOT raised ask yet

329
MM still sitting on 1084 and 1086--nugt wont go over that until they raise the ask sell
but is poss in the last 30 minutes....so days it moves, other days it doesnt

314
NUGT 2:45PM 3min bar has decent volume up...watching to see if it gets over the 1085 R

312
1087, 1093 hurdles could give the 1116

310
Inv Bank NUGT sell levels are at 1116 and 1160
MM at 1087

309
but no order in to sell yet since may want 1149...

307
1117 nugt trgt after 1090

302
1076 nugt scalp

1038
imo, UVXY NUGT SLV GLD USLV will provide better returns and profits than UPRO SPX DOW etc...for now......rare opportunity once every 3 years in those right now imo but requires patience....interested in long UPRO SPX DOW again but later not now....

1034
VIX not declining despite 11 point move up in ES SPX. For patient swings, still same targets in UVXY for 10-30% gains or more. UVXY near yesterdays closing price, despite surge in ES SPX

UVXY near yesterdays closing price, despite surge in ES SPX

Trades can be viewed at the links below.

http://www.marketwatch.com/game/christopherstockguy-100k-port/portfolio/Holdings 

http://www.marketwatch.com/game/christopherstockguy-public-1/portfolio/Holdings

http://www.marketwatch.com/game/christopherstockguy-public-1

For details on the portfolio see this posting:

http://christopherstockguy.blogspot.com/2012/04/link-to-trading-portfolio-of-posted.html

* 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".