Friday thoughts

1259
GDX NUGT starting to reverse higher now, 2520 GDX trgt last 2439

1242
2390 gdx i'm waiting b4 adding any gdx or nugt, last 24.25,

1238
look at ultra low vol today in GDX...

1222
quick calc short term uvxy: (50-48) + 50 = 52 trgt which is near gap fill

1220
51.12 MM sell level on uvxy intraday, last 5038

1219
UVXY moving up,now at resist test and looks breakable higher

1204
ES SPY are at 15min support...but imo breakable lower....watching here for weak or no bounce,,,, last 1668 ES

1202
i will add more at lower gdx nugt if it goes lower, else scalp this....note this is DIFF than multiweek gdx nugt positions, its just a scalp

1159
: long gdx here, or nugt....paid premium price
MM just raised the ask, trading it
574 nugt
2451 gdx

1149
lim order to scalp nugt 5.66 if filled, good for next hour only
 CANCELLED 566 nugt order, am going to use GDX instead, will post if scalping

1144
15min nugt chart still allows for a slip lower but if 550/560 holds would be bullish. last 578.
60 min chart suggests a higher high over 6 toward Inv Bank sell levels posted yesterday


1141
watching 1665 ES intraday. if it breaks lower, may see a nice pop on uvxy up

1044
If you look at rsi(14) on SPY since Feb, its warning that a major correction lower in spx is coming...it takes time to manifest but warning is def there...

note that rsi has hit over 66-70ish several times, and stayed over 33 (actually over 40!) until June 24 when it first visited under 40....IF the RSI starts to turn lower here around cure 65 level and does not make 70, it will prob go under 40 to 30. Under 30 would be esp bearish, and suggest that any bounces are going to be sold shorted, just like when it was over the 65 each dip was bought. Mid term multi weeks months hold strategy, not quick swing strategy

1015
and 60.40 area is a gpa fill uvxy


1014
big green candles on uvxy move about $10 if you look back on daily chart,

1011
i have a lim order to sell UVXY 59.00, good for today only, to catch a surge to 60

uvxy up 2% this morn, 59 would give 20%ish

* 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

400
3:38 posting: "604 NUGT may stall today"...closed at 6.03

357
bought some uvxy here 48.70
sold some NUGT, up 21% in one day!!!

349
DUST trade went from 20 to 80 about 400 percent...actually went over 80 but exited that early...NUGT has similar power potential

347
NUGT just hit the 605 trgt, trying 618

342
Inv Bank just raised the ask on NUGT>...5.99 last,,now may go over the 604 toward 618

338
604 NUGT may stall today, still trying for 618

326
uvxy 46.80 buy trgt, may pay more, last 48.59

324
lim order to sell part of nugt 6.18 under the 6.22 trgt, may sell lower today

318
plan to sell 25% nugt,hold 75%, and use $ from 25% sale to buy some uvxy

317
NUGT 6.04 Inv Bank lowest sell level, trying to sell a piece there, but will wait because may go for 6.14, 6.22, 6.33..aready hit the 580 trgt

.i only selling 25% of position tho nugt....still see lot higher,,,sounds ridiculous but look how high GDX was before...even half retrace is a lot, weekly chart

940
NUGT is up 18% today. where it was "supposed" to be 2 days ago...trgt 1 hit, higher targets still over 7.00, the new "should be" number on nugt is 6.50-7.00ish, when it gets there it may slow down its accel up.

On Tuesday, We did talk about how it could get to first trgt 580 in one day...its very volatile instrument

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

352
just took 24% vxx gain and 62% gain on uvxy, from June 25 posting, out, and reversing long

343
but imo still think NUGT is going to be the star performer, just takes time and good to diversify some

340
yest i posted the 4pm sys was close to giving short swing signal on spx but it didn't get stretched enough. If we close here or higher today, we will have a 4pm system short setup alert entry

I'm going to use long spxu and uvxy,  vxx, with a little more allocation to uvxy vxx than 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 thoughts

1240
if nugt hits 506 then 72% long alert will ring on it and it has good chance of making scalp trgts, 501 last....may happen by 1:12 pm

1237
514 533 nugt trgts scalp
MM levels

1225
reloaded nugt 498, 
bought back shares sold at 514 earlier today

1117
NUGT hit 514 scalp trgt of 3% gain from entry this morning... may be able to reload and scalp again... GDX and NUGT are respecting the Market Maker buy/sell levels...of course the Inv Bank levels are a bigger spread

1006
bull diverg on GDX NUGT 60min chart stoch:price? rsi:price no diverg, but stoch 14,3,3 has one...of course 60min may need more time to refine divergence but atm a bull double bottom on the 60m stoch forming

957
nugt may hold above 480...MM bought 494 and are testing retail right now...
either way, MM are buying here with 5.14 sell level

955
NUGT order filled on 496...may see 480 lower b4 higher

949
lim order to buy nugt 4.96 if able, last 510. scalp timeframe

* 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

1258
nugt just EXACTLY hit the 568 MM level and pulled back....happens when they are sitting on the ask price like that...why if scalping then limit orders work well, to fast to catch manually
of course for swings, doesnt matter

1242
MM sell level 1 at 568 NUGT ... MM not Inv Bank, 560 last
then 580

1034
MM sell level and trgt on GDX intraday 24.62, last 24.22
that puts nugt at 591 and 580 trgts approx.

951
Trigger:
/DX < 83
UUP < 22.50

if /DX us dollar futures close under 83 (or under 22.50 UUP), a major sell signal swing may set up on US dollar, which could cause GDX NUGT to skyrocket to target 1

for the quick trade on NUGT, no plans to exit until at least the 15min chart gets tired, or a surge higher, whichever comes first...at least 2 hours on 15min chart if no surge....multiweek GDX NUGT part of trade obviously using the daily n weekly charts not 15m

942
BUT Inv Banks do not have tight buy levels on GDX or NUGT, so could drop first. small Market Makers and active MM want 23.85 GDX to buy, and may even let it drop under that

941
GDX Inv Bank levels to sell GDX have been raised, they now sit at 24.30, 25.00, 28.00, with the largest banks waiting for 28.00 (16% higher from current 24 level, 40%ish higher on NUGT). not sure its going to 28 vdx but thats the major level atm. interesting that they have chosen a level HIGHER than the gap fill around 26.30. might take awhile to get 28 but thats main target 1 atm, with higher targets on the multiweek holds later

939
fwiw, it's very possible that the 4pm sys is going to give a go long signal (but spx needs lower, or more time, to give one), and then give a short opp later....3-10 day timeframe to hold,

935
nugt up about 5%...still holding quick trade from yest....and holding the multiweek nugt seperate trade also...may exit the quick trade today, no plans to exit multiweek trade until much higher targets

yesterday we posted that  the 4pm system "almost" gave a short signal but didnt trigger ....spx down today... might miss this short opportunity, happens, there will be other opps long or short

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

349
4pm swing trade sys will NOT give a short spx signal today, it remains in cash neither long nor short after having taken profit on longside....spx may go lower but 4pm system will only short if all criteria are met...spx is not "stretched enough" to trigger a short signal

320
added to GDX NUGT position, nugt 526

1105
long nugt here, scalp, diff than swing nugt, gdx...577 nugt

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

1149
GDX high volume capitulation red day on June 20, and then a high volume buying day June 28 may mean GDX has bottomed for awhile and is starting it move back up (and by extension NUGT tho using GDX for analysis not the leveraged nugt)

1139
upro up about 4% today. taking quick gain on the quick trade scalp posted on friday.

Still holding the nugt multiweek part for higher targets, actively trading other half

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".