Friday thoughts

239
it seems that GDX 60min insists on forming this bearish falling wedge, for lower prices before a surge higher, where the surge should take it to new highs over 31 for swings. last 28.05.

imo, represents a buying opp in gdx and nugt. nugt has already doubled from 50 to 100 recently, last
near $75, for targets over 100, 120

114
notice SPY bouncing now...first try almost always does, when its a DAILY supp level not weaker 60m or 15min supp, and also esp if the test comes 10:15am--2:30 pm lower volume times

113
SPY approaching 163.00 test now support, and it usually holds on the first try...may get a bounce soon, intraday.... SOY hit the posted "active trader" 165 trgt and pulled back.

1118
GDX NUGT may be waking up intraday here now, 7750 nugt last
PLAN: will take profits on "quick trade" nugt at 80 or 84, will post exit. and the separate multiweek hold on nugt has targets of 100 and 130.

1023
continuing to hold gdx. still looks good imo. swing. and still buyable at curr price for swing holds

4pm swing system update: system continues to say "hold long spx upro". it will NOT give an exit signal today, so will hold until tomorrow or later.

* 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

135
TZA just hit its .60 trgt posted b4, tho i left early

128
added gdx, #2
calls would be at .62/.63

100
i have gdx and nugt, not the options, and would only use the weekly options for scalps, for SwiNGS need more time using monthly options October or later

100
GDX (Weekly) Sep 6 2013 29 Call are at .70 / .71...may go lower first

1259
entry 1 of poss 4 on GDX scalp...willng to add more higher or lower than here
GDX nugt is a lot more volatile than iwm tza and larger moves up and down

1255
OUT tza 26.41, quick fast trade of 1hour-ish, above stop early exit to lock gains, scalp only
may go higher, but its purpose was just to scalp, so i'm out with this stall and can always re-enter later

1249
tightened TZA stop to protect gains...stop .37 which would give options 13% gain,,,

1245
es likely to test 2 points lower from here,reaction there may be impt intraday

1243
mental stop .34 TZA i might exit it for smaller gain and buy again...this is just a scalp quick trade so watching closely and being nimble

1241
TZA scalp now in profit zone, 26.62 trgt if able tho may sell lower, I'm using tza but if one were using IWM puts they r up 11% from entry right now

1221
nugt gdx at this price, still good price for swings, not too late

1220
that GDX and NUGT sure does move
still holding for the higher nugt trgts, may have started its next upleg here today

1154
I dont have them, using TZA, but IWM (Weekly) Sep 6 2013 102 Put are at $0.98 / $1.00 now

1135
shorted at SPY 165.02

1133
long TZA 26.23, may go to 26.10 or lower before higher, scalp only, may be a fast trade

1116
set stop on XIV to .24 here to protect move lower and will take small gain if stopped and look to poss re-enter, tho if stoppped out there are prob other better ops not in VIX xiv vxx uvxy

NOT liking that XIV has not moved up with UPRO and SPY

1107
for ACTIVE traders, SPY is at 165 area (target posted yest) and one could take quick 2 day gains here

1003
GDX may drop to 27 before going to 31, 32, and 34. Either way, i remain in GDX NUGT swing hold

1000
4pm system remains on "hold spx longs" and it will def NOT give an exit signal today. a set of conditions must be met to trigger the "almost ready to exit" status, but then a SECOND set of conditions must be met to trigger the "exit" signal. "Exit" is always triggered one or more days after "almost ready".

* 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".

Wed thoughts

331
130ish next nugt trgt higher, last 77.08

329
going to add more shares to NUGT swing...still see GDX over 32 and NUGT over 107,,,,this is a gift today to add, multiweek hold so may require some patience, but nugt has been good to us thus far

209
ACTIVE traders, not using 4pm sys...imo SPY 165.00ish will stall and is a trgt higher

154
hit .56 stop...running with 2/3...and may buy back 1/3 again

151
stop 28.56 on 1/3 of GDX nugt quick trade...thats for small gain if stopped but mostly because the "average down" accomplished its purpose, and will run with remaining 2/3,,,and poss buy back 1/3 again, 29.61 last

138
added...buy 3 of poss 4...gdx nugt quicktrade here at 29.42
waiting on #4 buy...may go lower, but added #3 on this lil stall...

137
looks like GDX is giving opp to add to quick trade on this move down, but not adding yet...waiting as if may go lower

1257
MM just raised their ask from .80 to .88 GDX...watching if it goes for test of daily high now,
last gdx .77

1241
MM gdx sell levels 2981, 2988, 3045

1239
if GDX see 2981 in next few minutes, may see a lil pop 10-30 cents higher,
there are some smaller Market Makers trying to sell 2980,,,when they r done selling then the sell pressure will be relieved, and allow for higher

1227
SPX ES...trying to break resist now...higher

1225
if it goes sideways or down only a lil then sideways, would be bullish...and may give opp to add

1224
next 3-4 candles on gdx nugt 5 min chart (next 15-20 min) may be impt...watching

1220
GDX might give an opp to add a third time to quick trade positon, if the 5min chart moves lower before targets are hit...no additions yet, and price may be higher or lower than prev entries.

Why add more, if one is adding at a higher price? because more shares means more dollars profit, tho the percent gain will be less the actual dollar gain is higher

Also, averaging UP is a sign that the trade is "working"...that its making higher lows....

One can also average down, but imo that only works when the next level is significantly less, and at a major not minor support area

1206
GDX quicktrade missed first sell order by about 10 cents, so im now RAISING orders to sell 30.13 (not 2994) and 3040, for now, on gdx nugt 

1200
so targets are GDX 2994 and 3040, for quick trades on GDX, and higher for the swing trades multiweeks (over 32)

1159
adjustment: have order to sell half of nugt gdx at  GDX 29.94 (not 29.97), and half at 30.40, for now...

1154
SPY spx marginal breaks in highs, trying to fill gap higher, 60min chart
watching to see if this persists higher or not....
4pm system does remain on swing LONG spx, triggered yesterday

1152
adjustment: have order to sell half of nugt gdx at  GDX 29.97, and half at 30.40, for now...

swing nugt i'm not selling, holding for higher

1147
bias on 5 min chart GDX is up atm, may persist for 2 hours on the 5 min charts...

1145
if gdx stalls at 29.90 i might take off half there of gdx nugt quick trade from this morn, but still see 3040 area later...will see what it does on test of .90, last .72

1122
IF oil hits 112 again, i will add oil shorts via long SCO or short USO, last 110.03

1121
ADDED more gdx quicktrade here, nugt, at gdx 2965...paid more than first entry so avg up not down, but 5 min chart set for nice bounce, aligning with 15min chart needed another few hours on it

1111
5 min chart of GDX: may present another buying opp in next 1--5 candles...still holding quicktrade piece, may add more, might be average up not down (paying more for second piece)...no entry yet

1107
XIV from yest, upro, xiv, gdx all acting well...
but holding for higher targets

1100
GDX 15min needs 2 more hours,,,watching to see what it does.
60min chart needs 4hrs--2 days, watching

I use the 60 min chart for stocks I want to hold from 1 hour--5 days.  15min chart for quicker trades. And of course daily weekly for trades to keep/hold 3 days--6 months.

1059
ES  SPX at intraday resistance now, watching reaction

1021
larger positions would take 25-50% of gdx off here at mini resist .79
for a quick 3% gain on nugt, 1% gain on GDX, 

1016
3045 is real target but i've set my order lower

1016
have order to sell GDX 30.20 if able, may sell lower but giving it some time to see if it want a little surge, that would be a 2% move in GDX and 6% on NUGT, scalp piece,,,swing targets a lot higher

1010
2952 scalping GDX long
This is diff than the NUGT swing position

* 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

358
for swing shorts looking for larger moves lower in SPX, what they need is some small green daily candles in spx es spy...NOT like the big green Aug 22 candle

SPX appears to be topping but it can keep bouning up and down, frustrating both longs and shorts
THAT aug 22 green candle, imo, suggests that another bounce is coming on SPX,,,and opp for trapped shorts to exit and look to re-enter later

Big green daily candles say "distribution" but "not done dist yet"...the small green candles are signs that distrib is getting tired, in general, and that big boys are nearly done dist

346
UPRO 65.90 in

345
4pm swing system signalled new "buy spx long upro" right here
so, i'm in upro XIV.  it's "hard" to buy on such a big red candle, but trusting the system.

307
and es may see 1642,today
last 1632

250
bought nugt, swing, 9180

241
shorted uvxy vxx....es 1630 sup

240
went long XIV 24.16, shorted uvxy vxx

202
out .22 uvxy, hit stop, .06 last
still have 25% of shares left...that was just partial profit taking on stop...

157
will just keep manually trailing it but will not post them all here
ES susceptible to "try" to retest higher today, given the shoot star daily candle, so being cautious on intraday piece of uvxy here....

156
43.08 stop on 25% uvxy..v tite and may be hit..protecting gains

137
ES 1595--1610 trgt if ES breaks 1630. right now its holding support in 1630 area, but if that breaks...

128
also i'm likely to re-enter longside spx at 4pm today....4pm sys will likely signal a long re-entry, after it said to take small profits yest on upro spx

it does not usually exit one day and then re-enter the next day, 4pm sys, but looks like it will do so today....still see LOWER spx for longer holdtimes, 4pm likely signaling a brief swing bounce, if it's accurate

126
Inv Bank UVXY sell level tier 1 approx 43.70, tier 2 is 45.88, i'm selling a lil under tier 2 if poss
but stall expected tier 1 4370

125
raised order to sell at 45.70 UVXY, 25% of shares, for now, may sell at prev posted 44, or lower

932
lim order to sell more uvxy 44

919
GDX NUGT are also up but i'm holding THAT swing for even higher....no actions or exits there

OIL is also up today but imo still shortable swing, same plan, holding the oil shorts and if it gets 112--114 are then i will add more shorts to the position

916
UVXY swing finallly at target 1, took profits on half of it
big decline on ES SPX premarket, es down 17 points but its also near support...es could break support but given a 10% pop on UVXY, took some off...UVXY could hit 15% higher 44ish but will see

* 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".

mon thoughts

1023
oil at 107/107 is STILL shortable at this price here, SCO 2880, swing
SCO long, or USO short, or USO puts

1016
NUGT up another 5% today but still holding it for much higher trgts, swing

1016
4pm system still on "hold long spx upro" and position is in profit zone atm....will prob post when it signals "exit to take profits"...wasnt sure if this one would be a loss or not, but has worked out so far

* 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

1256
OIL right here, is re-shortable imo...i've done via SCO...swing
for a move to 102 then 96 oil

1253
given that its only in a small gain atm, SPY UPRO still buyable at curr price, via 4pm sys signal, tho signal was tirggered earlier

1249
the 4pm swing system remains on "hold long spx spy upro" that triggered a few days back...its now entering the "almost ready to exit position" phase...but again, the largest moves often occur during this "final phase"

The positino is currently in a small profit area ....

HOWEVER other signs still point to a pullback in SPX (longer hold time than the 4pm system long), so I also remain long the VIX via VXX UVXY, which I still expect to surge higher 10-40%

* 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

1049
OUT of nugt gdx scalp.... 3% gain on nugt in 10 minutes...that stuff is wild...still holding the swings of course for 100-400% gain targets

1042
took gain on half of scalp

10xx
scalping GDX NUGT here

934
2840--2940 GDX buy area....will wait for entry...there are some trapped shorts at 2940 so will see reaction there if it bounces or not,,,if not then 2840 may be buy area...will let chart develop

931
GDX and NUGT i'll be looking for opp to buy again....still have a half size position in NUGT swing

930
have an order to sell SCO at 30.40, good for today only. thats about 3.4% higher from yest close...i see higher sco but will sell if it moves there fast, today... not necess expecting these uvxy and sco to be filled today, but orders are in to catch any big moves while i'm in san francisco away from computer


927
have an order to sell UVXY at 45.00,,,will adjust later
that would be approx a 20% move higher

921
Oil futures CL were down earlier and have bounced, but i still see lower oil for swing.  USO genneraly needs another 4 hours--2 days on the 60min chart before an "exit short" or "go long" signal is given...that is bias is lower for next 4hrs--2days...and bounces are still shortable with same targets lower

* 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".