Friday thoughts

[16:00:25] theres 1357, trgt es from 2:17pm,,tho nothing magical about it,,,,simple horizontal resist

[15:56:29] TLT is NOT on a buy long swing yet using same system as short spx, one reason among many i'll just wait
[15:56:41] they work better when they r in sync

[15:48:44] using one strategy, SPX IWM triggered swing shorts here, but i'm not taking it,,,will wait this one out,,,and triggered tza long
[15:49:07] 1 to 9 day hold time, avg under 4 days


[15:44:57] silver also up nicely today 4%ish slv

[15:38:28] uso oil hit the 3200 trgt area and is being held under it
[14:27:17] es may go after 1357 today, simple prior daily hi
[14:16:31] i'd exit the tza if i were in it, breakeven, could pop higher but not worth risk imo
[14:06:40] tza scalp could work here, but i'm not takin git
[14:06:50] 18.21ish

[14:04:07] if ES 1346 breaks today lower, it may cause more selling, watching mini support there, but over that bullish intraday

[13:19:14] took off gdx and nugt daytrades here too
[13:19:21] keeping nugt gdx swings tho
[13:20:52] 1.2%....3.5% gdx nugt daytrade gain,,,3% and 9%ish gains from yesterdays entries
[13:16:49] took some off here in uco, 12% is a lot in 1 day
[13:14:19] i might take some of the oil swing off today and try to buy back lower, but will def keep some
[13:14:22] uco
[13:14:53] my plan was always "sell on a big up day some of it"

[13:11:40] i still would not short this, even tho it made the required "round trip wait" posted earlier, spx
[13:10:22] ES now testing resist,,,impt resist test here
[13:01:23] watching to see if GDX can hit todays high, then 4540
[12:35:10] GDX hit 4460, over 4457 trgt, watching reactions and trgt 2
[12:15:48] ES 1343 or 1337 areas may be bought on first try there,

[11:59:41] i have a feeling that spx might have bottomed, and is going to break 1367, but will wait to see what the charts develop

[11:23:13] 4457 resist 1 scalp on gda, then high of day
[11:20:15] i have a breakout signal on gdx 3min, why i added more at same price
[11:18:32] added more gdx, near same price as b4, 44.34,,,,didnt have many shares to start,,,still only half full

[10:49:57] for scalp, bought position one in gdx 4436, may add more, bought back only part of what was sold this morn,,seperate from the gdx swing piece

[10:27:53] if SPX get to 1370,,1375,,,thyat could cause a short covering
[10:26:25] if ES does not test 1337, bullish imo for higher over 1350, watching to see how these charts develop, nothing complicated, simple horizontal support
[10:20:57] since may 21 on spx, what's there? a higher hi, and a higher low, and now spx trying for another higher hi
[10:16:43] for daytrades, the first dip will likely be bought, since there was no selling pressure at the open,,,imo i'd wait for a decline and then a bounce and short that bounce, not here, for daytrades,,may take awhile to form,,also spx may just dribble sideways all day

for now i'm on sidelines in spx scalps and may not do anything today with them
[10:08:40] 1347 to 1357 ES resist zone, it may try for its upper limit

[09:25:17] ES hit 1349, considering the 1350 trgt posted yesterday as achieved....still see higher ES possibly later but will watch and see what the charts do now


[09:18:35] gdx up 3.5%, nugt 10%, uco oil up 8%ish,,,taking profits on some shares makes sense, tho the swing trgts call for still higher prices in them all


Trades can be viewed at the links below.


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

[15:59:56] out of half at .34,,,didnt make .43
[16:00:12] took loss on half, to reduce risk
[15:53:57] i'll take half of gdx off and keep half,,trying for 43.43 from 43.56 avg entry today, last .31
[15:51:28] 4370---4400 is "real" first trgt but not likely to get there today
[15:50:22] 43.43 trgt, last 43.29

[15:49:35] my trgt was 43.30,,,it hit 43.32gdx,,, but i think it has one more pop left in next few minutes,,,swing trgts are much higher of course
[15:45:49] now they r buying resistance gdx, should pop higher
338
just hit that level. 30 next mini trgt, then same as posted below
[15:36:21] 43.23 is a market maker level on gdx
[13:48:41] purely from a tech perspective, spx is moving sideways on the daily....no intense damage done imo to bull, yet
[13:47:28] also next week holiday week could see spx move higher on low volume
[13:46:54] on spx, everyone is expecting a huge sell off due to obama-care supreme court ruling. i would not be surprised to see this trap some shorts, and have spx moving higher in coming days weeks
[13:19:06] also look at daily volume on GDX,,,,see the declining volume as it moves lower? imo, thats bullish
[13:19:39] tho today may put in a higher volume "washout" day

[13:09:04] intraday ES long scalp at 69% just rang, 1312 ES
[11:20:31] theres actually an easily identifiable "zone" on the daily chart: 43.66--44.00 (prior daily lows),,GDX
[11:05:23] GDX looks like it will bounce to 4360, then stall
[11:05:28] then pb then higher
[10:30:15] 4322 GDX added, close enought to 4317 "add more trgt",,,it may go lower than 4317 b4 bounce, gdx is v volatile and the targets are tricky when the spx is also volatile at the same time
[10:02:15] fwiw, some of the low volume and small cap stocks have bids under them, which is often bullish intraday esp when news is around,,,,no guarantees but something to watch,,,,and comare themn to IWM TNA TZA
[09:59:03] UCO looks good rite now, daytrade long, too
[09:59:06] or uso
[09:59:25] LOOKS like it may fill gap, or higher
[09:47:02] SPY gap theory, evaluates to null for long short scalp here based on gap
[09:43:26] long GDX quick trade
[09:43:34] diff from gdx nugt swings
[09:35:54] same with GDX gap down, tho atm gdx working higher, so it may see a high over 945 hi instead of low under 945 low,,,something to watch

[09:33:25] watching SPY during first 10--20--30 minutes here, if it does not make good progress at closing the gap, a lower low intraday below 9:45 often follows, same gap theory as yesterdays quick 1 hour long scalp in oil uco uso gap up, but reversed since spy gap down

[09:24:57] that buy area based on 60min bull falling wedge, horizontal support combo, and poss rsi bull diverg on gdx daily and 60m charts
[09:23:49] it might not get there, but i have a limit order for GDX 43.17, for quick trade, can use gdx or nugt
Trades can be viewed at the links below.


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

[15:58:09] 2%ish gain nugt daytrade, 1%ish uco,,,,still holding swing pieces seperate acct

346
MM still buying this lil dip


[15:39:52] buying again MM,,,will stop posting ,,,they r too active
[15:37:40] MM selling now a little, if they dont stop i'll exit

[15:36:27] still buying at 3min resist
[15:32:09] holding second half of gdx scalp until MM start selling or stop buying
[15:23:37] looks like they r trying for 1332 es, prior daily hi
[15:19:07] MM still buying gdx here, at higher price, at least for now, 44.30
[15:12:13] Market Makers gently buying at mini resist .25 on gdx not selling it,for now anyways, applies intraday

[13:15:46] this could be the start of a move to 1350 ES
[12:56:22] GDX nugt at 1% and 3% trgts from scalp entry this morn, 4450 gdx
[12:56:34] 4470 next trgt, continuing to manual trail stop higher on remaing half

[12:36:39] GDX continues pushing resist on 15min chart
[12:10:21] GDX now pressing against 15min resist,,,idk if it breaks it higher or pulls back, watching reaction, but 15min suggests higher even if pb first
[12:01:03] GDX 4450--4480 next trgts higher
[11:50:00] GDX has bounce back up to the prior 44.30 trgt, half off, and watching to see if it goes higher, scalp piece,,
[11:14:40] if nervous, nugt gdx scalps could exit here near breakeven or small profit, i'll keep mine for now,,, GDX is v volatile and could also easily pop higher

[10:24:12] GDX needs over 4430 to really move,watching to see if it can get there
[10:17:24] gdx and nugt are in the scalp buy long range here imo, in gdx 4403

10:17
out of USO scalp, 1%ish profit, scalp ,,,holding UCO still

[10:12:56] it does not always work, but has good success rate: if a stock gaps higher, and does not pb much or start to fill the gap much in the first 10-20 minutes of trading, it will often make a higher intraday high over the 9:45 AM high,,,simple gap theory, for quick trades scalps, like uso today, see post from 9:49 AM post
[10:10:03] uso 3050--3070 trgts to start
[10:06:30] oil now testing daily high, still see a break higher on it, oil
[09:49:32] USO oil has not made much attempt to fill gap lower in first 15 - 20 minutes of trading, often when this happens, a higher daily high follows
[09:36:30] theres a strong bid this morn at the open here on spx
[09:36:40] watching to see if it sustains or not

[09:31:23] oil is now at resist, larger port makes sense to take some off,,,smaller port will just hold longer

[09:30:27] nice gap up in UCO oil if holding swing, still below trgt tho so holding for
[09:27:58] oil also up, not as dramatically
[09:25:10] sudden move higher in gold /GC futures just now premarket

Trades can be viewed at the links below.


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

[13:36:31] 1307--1310 resist area test here, impt intraday resist test, watching
[13:10:30] fri high 4535, that area being tested now, gdx
[13:08:19] still waiting for nugt 1247ish swing trgt 1, last 1135
[13:07:33] GDX hit 4517 trgt intraday, swing trgts still higher

[12:09:54] 4517 next gdx trgt
[12:00:01] gdx 4480 hurdled, now watching to see reaction at high of day

[11:43:42] 4480 resist on gdx, then high of day resis

[11:42:10] sudden move in GDX 3min chart, watching to see if theres any followthru or not, nugt gdx
[10:58:06] TLT continues to visit 127 area and that resist is holding, still a shortable swing area imo, or TMV 3x long

[10:02:52] look at GDX 3min chart, imo that is v bullish action for intraday ,,,other charts bullish for swings

[09:55:54] GDX made a trip lower but has bounced, still see higher GDX NUGT swings
[09:56:03] still buyable here imo

[09:52:59] tna here 4726 could work here,

Trades can be viewed at the links below.


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

[16:00:48] TLT held the 124.80, but is in a precarious position here
[15:47:14] this reaction here at resist test could be signif and carry on thru monday if it breaks higher
[15:47:18] es

[15:36:56] TLT should stay over 124.80 today, if not then it could move much lower, send the spx much higher, in coming hours days

[15:04:41] MIND is waking up here, maybe
[15:04:50] just broke 15min resist chart
[14:17:15] although this time the RSI went really low, suggesting that a bounce is coming, BUT the low rsi also suggests that a bear market in oil may be approaching (months not days)

[14:15:50] the last time USO oil had an rsi bullish diverg like this was october 3, and we know what happened after that, daily charts
[14:08:02] for swing, uso is on "hold 1-3 more days"
[14:08:19] if it pulls back in that time then i will buy dip, else i'll run with what i have now

[14:06:42] SLV and GLD have new ones today too
[14:03:28] im not sure if it will work, but GDX NUGT have the same "go swing long" signal that USO UCO got yesterday, for multiday swing holds

[12:35:03] uco hit 24.67 near the .70 trgt, 2620 above is heavier resist and that one is a swing trgt (vs scalp trgt at .70)

[11:59:22] shows how volatile MIND is: mind individual stock is up 1.7% today, the 3x ERX is up 0.4%,,,mind at 4 times the volatil of a 3x LOL

[11:44:09] oil uco looks like it wants 2470 test next higher
[10:20:27] that stuff is wild tho, 2-3% intraday moves
[10:19:24] NUGT GDX now back at scalp long levels
[10:19:37] 1104 nugt
[10:09:02] USO price made a lower low on June 21, rsi a higher low, hence the diverg[10:07:29] The daily bull diverg on USO oil: RSI looks like it may be completing today, from June 11 and June 21
[10:07:50] still in formation but may be finishing
[09:59:08] 2.5% - 3% profit on nugt scalp, 15minutes
[09:58:16] scalpers could take gains in nugt hhere at 1134 from morn entyr 11.01 nugt
[09:58:29] gdx at resist, swing i'm holding longer nugt

[09:30:18] imo GDX NUGT are buys here, or yest near close, 44.72 gdx,, 11.01 nugt
Trades can be viewed at the links below.


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

[14:29:17] sold silver, took loss on it, and bought NUGT at same time
[14:29:28] small port test

[11:57:37] in the next 4 days, USO oil should get some type of bounce per timing analysis, how big i dont know

[11:11:08] added more SLV here
[10:48:05] SLV should pop here, if it does likely will take small scalp profit and look to reenter

[10:05:19] could use AGQ 2x instead
1002
long SLV 26.68
Trades can be viewed at the links below.


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".

Wednesday thoughts

[15:53:53]   MIND is another one of those volatile stocks. look at the daily chart. today's candle looks small, but the high to low spread is 2% range today LOL

[15:39:39] daily RSI on USO has a nice bull diverg

[15:26:40] a USO move over 31.00 woulod suggest strongly that the bottom is in for USO oil, and higher
[15:27:17] thats about equiv of over 26.20ish UCO
[15:21:00] also look at VOLUME on USO
[15:21:05] see how big it is?
[15:21:26] "down here" thats not bearish imo,,,sellers will get exhausted,,,,its at the bottom not the top, thus i remain long oil via UCO

[13:02:36] NUGT hit its trgt in this whipsaw, took the quick 2 hour profit, will look to re-enter again later
[13:02:49] limit order filled

[12:19:15] i removed stop from UCO for now, waiting and holding initial position, not adding, red 5%ish atm

[11:20:07] obviously 1300--1310ish area is an interim trgt for NUGT from 1270 (simple 3min resist prior high)

[10:52:20] 1347 trgt 1 for nugt, higher trgts later, will sell all in small port there if able and buy again later, large port will sell only some of it
[10:35:13] long again in NUGT GDX initial entry may add more later
[10:27:49] DIS hit 48.00 today, nice move from 44.26

[09:45:37] TLT short / TMV long is a good example of both the disadvantages and advantages of "scaling in": disadvantage, only had a small position, so percent profit looks nice is misleading because of fewer shares, less dollars,,since an opp never presente to "add to" the position,,,, advantage: got a small profit

[09:32:10] TMV hit 56.00 trgt from 53.3 yest or day b4, order filled at the market 5600--5602
[09:26:57] TLT currently trading about 70 cents below yest close, set to gap down

[09:25:36] small port TMV (3x tlt short) same trgt as yest, i have order to sell at 56.00 (below trgt 56.24) for small port all shares, large port order to sell half of remaining shares

Trades can be viewed at the links below.


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".