tues thoughts

400
remember: "overbought" does not always mean lower, sometimes it means sideways

356
fortunately today, GOLD gave a warning before gdx fell hard, and was able to exit and take some gains on the warning

354
glad took gains on the quick swing gdx nugt...its going to be impt to see if it moves sideways or lower in coming hours days. im on the sidelines on the quick swings on gdx, both long and short r tricky here imo, but multimonths i see higher vdx

328
note that financials weaker than spx. xlf vs spy, as was the case last week and for awhile

322
i bought a half size position of SRS etf

317
gold looking tired. protecting profits and taking some gdx off here. 60min charts

i still have multiweeks month hold on gdx nugt tho, 2 separate trades

202
OIL is creeping higher here but imo still goes lower for swing. notice the volume on the 60min chart of USO

high vol red candle, low col green candles

1248
GDX just marginally broke  resist...watching to see if it gets follow thru intraday higher

1209
silver shoudl test higher 22.75/23.20
: gold should test 1360

951
uso to fill gap lower on daily/60m chart, another trgt, about 1% lower uso, 2% higher eco approx

but i'll hold oil shorts for now 

946
oils. that first trgt would boost sco about another 3% higher in gains from here, approx

943

still short oil via longs in sco. watching to see what oil does if it gets to 99.80 area, target ...will it hold or break support lower....will hold or close accordingly

938
4pm sys still on hold shorts, this one may take a loss, we will see

937
GM all...taking gains on UNG shorts, double sized 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".

fri

256
 took gains on half the gdx nugt scalp that bought earlier today. holding other half overbite

223
look at gold gld: it has already broken OVER its prev 60min highs...breaking right now

219
UNG may try for new highs 28.20 and 28.68...before lower...i'm not adding anything to UNG tho

210
it needs more time, but notice the bull triangle forming on the lines of the 20 and 50 mov avg on 60min chart...rising 50ma and flat 20ma

its beginning to look like gdx will see over 27 before 25, if this continues...will be watcing the action

27.30 is inv level sell for GDX, last 26.60

118
GDX hsa broken above 15min chart resist as expected, going for test of 2685

1208
scalping GDX again here....in addition to multi week swing

initial trgt on scalp: 1.5%ish gdx, or 4%ish nugt
trgt 2 is 4% gdx gain, 12% nugt

the multi week hold has much higher targets of course, over 50%

* 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

348
GDX: recovered all of yest losses, and on to new daily high just now

324
someone bought USO, but AFTER the earlier vol on CL futures...still see lower USO OIL for swings tho, and i remain in SCO

323
USO 5min volume: they may close oil higher at 103

230
vol on UNG 5min chart picking up

151
oil is now testing 60m support, still see lower oil,swing

1012
: just doubled swing position in short oil via SCO
it's also scalpable, daytrade or quicktrade with poss hold overbite

1011
just doubled swing position in short oil via SCO

1004
FAZ swing is doing nice now

1000
For swings, gdx is acting bullishly at least right now. notice how the 60min chart is beginning to get oversold, but the price on the daily doesnt have severe damage

gdx is acting like roadmap posted test, but still needs a few more hours to see if it wants another try for lower or not

* 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

358
4pm sys update
SPY is "almost there"...may see a decent move lower in coming day(s)

322
UNG: look at Feb 4 candle, then todays candle. then look at feb 5 candle

216
FAZ swing is green but not at target yet, still holding it

311
GDX..imo tomorrow may be a "BUY MORE" day gdx, nugt, depending on chart...

309
SPX SPY 4pm sys update: will update again at 3:55pm, but right now, 4pm sys is approaching a change to "exit long and go short" BUT HAS NOT SIGNALED YET, and its not even "almost there", its at about 60%, when it gets to 80% then it will be "almost there".... just mentioning here as an update, and a reminder that the biggest move often comes right after the "almost there"....often thats where most of the profit gain comes from...


304
took small gain on half the scalp from earlier today, KOLD
could go lower into close, but not risking it,,,it also went higher than expected, so being cautious
STILL SWING SHORT the UNG tho, the kold was just a scalp\

i've doubled my UNG short position, swing, today

258
UNG: last time RSI was under 30 on the small timeframe 5 min chart was feb 14, thats kinda long for the 5 min....not talking about the 60min

254
stat: the last 5min candle on UNG was the highest volume 5 min candle since feb 11

205
gdx will be interesting to see what it does in next 2-12 daytime trading hours daytime. the 60min is starting to get oversold, but it has not dropped much on the daily, which would be bullish for swings...of course it could drop in the remaining time

155
today we have seen "more than normal" volatility on eS....not a steady drip up....we may see a larger than usual move in the 200-300 timeframe today

GDX has been in range last few days 26.00--26.67, testing near 26.00 now...watching to see if it stays in range or breaks

scalping KOLD now , short nat gas

* 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

309
took scalp gains on half scalp nugt (scalp not swing, holding swing piece)

247
GDX NUGT scalp giving us the breakout here, tightening stops, stretch trgt vdx 26.97

102
gdx nugt scalp could work here

slv making new intraday highs

* 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

345
big bearish reversal on UNG today after hitting a high early in day, on v low vol, now red and dropped 3%

120
realllllllyyyyy low vol on ung today  compared to prior 10 days

107
slv took profit on half off, quick n easy scalp, stopped half

1253
a few minutes later, heres expected marginal break in silver,,,new daily high, watching for move higher

1246
silver intraday is acting stronger than gold, so chose silver

1245
took a long in SLV quicktrade. may exit today or hold overnight. i expect it to break ovre 2050 to new daily highs

1118
shorted oil here swing, via long SCO, 30.30

1039
now we just need UNG to drop so i can close short there, curr red UNG short but felling ok with it, its acting normally

exited the ung long too early and went short a bit early on it, but at least the long gave a gain, and hoping for net gain on both trades (long + short)


1029
took gains on gdx nugt from yest, 3% / 9% in 1 day

951
 interesting,,,maybe bad data, because i was NOT stopped out here on the wick to 26.27 vdx

946
26.40 raised sell stop on gdx nugt for half position, other half holding for weeks more

943
GDX yesterday Inv Bank buy/sell  levels 24.45/25.88 and 26.00 secondary sell.
Will have updated levels for today shortly, they r fluttering around atm

937
NUGT gdx gapped up as expected today, i have a stop on yesterdays NUGT GDX at 26.20 GDX to protect gains. 1 day gains 6-7% nugt,

* 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

358
may see a gap up on GDX in morn..notice gold GLD /gc

356
holding shorts in spx and ung. holding longs in GDX NUGT overnight

127 adding vdx here nugt
should make new daily highs

1214
OIL may pop higher,,,still waiting to short that,,,been waiting all week,no entry yet

1210
also have the 24.13ish prior inv bank level as trgt lower ing

1207
may be a bit early if looking at 5 min chart, but 15min sugg poss pb UNG

1206
shorting 2478 UNG here, for quick trade, first target 24.40

1133
 nugt trgt is 150ish from 26, last is 45.60...tho we wont see "150" on the chart because it splits a lot

1131
 new gdx nugt bought yest doing well, up 6% today nugt, and nugt up a whopping 73% from 26.00 level

1128
ung may decline to 24.40, then up to 25.00...a move here from 2480 to 2440 would be normal if it does not break resist on first try....

1001

Inv Bank Buy sell levels UNG now are 23.50 / 25.00

UNG old sell levels 25.01, 24.52, 24.80

UNG old buy level 23.14

GDX current levels 24.45/25.88

GDX Inv Bank levels from yesterday :  24.50 / 26.00

But remember the "old" numbers, as they tend to also stick as explained other day

* 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".