Friday thoughts

401
today, 4pm sys said to cover shorts, take profits, and immed reverse long
however, imo still more downside after bounce, i am not taking gains on uvxy personal swings, tho the autotrader obviously took the 4pm trade signals


358
4pm swing system will never do better than individual good trader, but has been giving good results long short on upro spxu for those who only like to look at chart once a day at 3:55 PM

since the 4pm sys is purely algo based, individ traders can always outperform it

355
imo spy is not short term oversold, more down coming
would need sideways another week to get oversold, or 1615 spx to get oversold,,,just an alt view

351
nice followthru on selling since it started 2 hrs ago...still see lower for swings

242
daily SPY SPX IWM QQQ from May 21 are showing coils, imo these coils will not break to upside but rather form a bull flag instead, and the success of the bull flag is questionable if it forms, based on current multi day weeks data. flag instead of coil would be lower spx spy and higher vix uvxy vxx, then will need to see if the flag succeeds or not...

217
749 and 840 still trgts on uvxy for now, for mid term swing piece of it, 1/3 each...with no specific trgt for final 1/3

214
starting to see some selling here on ES....watching to see waht it does. still on 4pm swing short "hold short position" from prior post

and today nugt gave nice buy back opp from shares sold yest at 1147. still see 30-100% swing trgts on nugt

and even higher nugt multiweek timeframe.
similar potential in NUGT to prior AMD doubling in price, tho it takes several weeks to materialize sometimes

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

1008
Notice how NUGT hit Inv Bank sell level posted other day of 1147...usually are hit 1-2 days later... having limit orders in place for the active trading part works well 

1006
hit 1161 near 1167 trgt...should try again on nugt tho pb here 1130

956
looks like going 1168...blew thru 1147...happens in first 90 minutes but not usually during quiet times...why i like to wait during first 90 min

954
1143 and 1167 mini trgts nugt, 1138 last

949
NUGT up 10% today but still see the higher swing targets. same strategy, no changes.

Same with uvxy. same plan strategy swing. manage decay on via quick swings, and hold the longer term swing for "real" targets multi days weeks.

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

1016
they just raised the ask on uvxy and released some selling pressure, MM not Investment Banks, last 628

1011
6.33 UVXY temp has a LOT of MM wanting to sell there, so uvxy not going anywhere fast unless they sell it all, or unless they raise the ask prices...but still see 724/749/840 targets later

UVXY needs over 637 to move as result of the MM wanting to sell some 633-636 area

1010
if i were long i'd be nervous about such a low VIX....it's like being "under-insured" on your house car stocks etc

1008
on daily chart looking back to April, will SPX drop to 1535--1550 then bounce to 1600 and form a daily bearish Head and Shoulders pattern? just something to watch, these patterns are not always reliable anyways, not trading that, still have same prev posted spx targets,

1002
close to testing yest lows now on SPY spx and looks breakable lower after poss stall...but enough momentum down to break first try


942
 UVXY sell level Inv Bank for today is 7.28, so lowereing my order to sell 1/3 of shares in uvxy at 7.24 from 7.49.  If not filled today, will raise the order higher again. will hold the other 2/3 but will take 7.24 today if it comes to lock some profits on 1/3

order on next 1/3 is set at 8.40, with no order in for the final 1/3

but not in any rush to sell the uvxy...plenty of time on this swing, and a lot of upside potential. the uvxy tho leveraged has not really been decaying... and decay price is further improved using the anit-decay strategy posted several times before

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

955
uvxy 660 and 695 are sell levels before the 749 level

917
UVXY Inv Bank level newly estab at 774, up from 752 prior from 2 weeks ago, so decay on UVXY basically non-existant

Market Makers of course will jump over Inv Bank and front run them, selling at lower levels on the way up

914
mid term SWINGS: Orders in to take gains at UVXY 7.49 and 8.40, 1/3 each and hold the final 1/3 for higher. NUGT sell order 1/3 at 11.40 on full size swing position.

quick swings: continuing same strategy of buying and selling near Inv Bank levels, when charts ALSO support the buy. this keeps the "decay" of the 3x in check, due to active trading of it

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

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".