guspenskiy13
976 posts
msg #121911
- Ignore guspenskiy13
modified |
11/4/2014 9:53:19 PM
SPY 201.3 decision point measured by multiple indicators
QQQ 101.37 closed at major point w/ 101.48 decision; given the gap above all time high - should fill w/ demand @100 or slightly above
also short potential:
AAPL
GPRO
CELG
long potential:
GDX, GDXJ and derivatives - closed at the same level as 2 days ago. Either bot or down more? Might be a good idea to look at GLD which is somewhat triangular.
OIL/OIH - also longs; open could be interesting - should start filling the gap regardless of possible gap up - crude is up as of now.
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guspenskiy13
976 posts
msg #121913
- Ignore guspenskiy13 |
11/5/2014 8:56:14 AM
"I expect US stocks to open modestly higher and to weaken into the afternoon, finishing mixed." - my friend was correct about the open, I didn't expect gap of this size.Might be a really nice fader IMO.
I would strongly watch gold and its miners; GDX will open just ~ 5% above its low of $15.83 set in 2007; which gives it ~ 420% range to all time high.
According to http://vixcentral.com/ , VIX futures are setting into a nice contango curve which looks much prettier than a week ago. Good news for XIV.
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shillllihs
6,095 posts
msg #121917
- Ignore shillllihs
modified |
11/5/2014 4:38:26 PM
Sold JNUG @ open on 04
Direxion Daily Jr Gld Mnrs Bull 3X ETF (JNUG)
-NYSEArca
3.10 Down 0.80(20.51%
I will continue to hold Ugaz/DGAZ til 3.12
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guspenskiy13
976 posts
msg #121921
- Ignore guspenskiy13 |
11/5/2014 10:02:45 PM
I was selling GPRO scaling in/out through the day; quite volatile although shouldn't be talking about volatility - JNUG ~31% day range today. Certainly something I would look at as miners at least should mean-revert and at most get island reversal tomorrow.
Down on UVXY - pretty big gap in SPY. Two huge gaps in past 4 days - ~1.2% and 0.7%. Quite amazed that the volume today was even lower than yesterday - and consecutive volume decrease (Mon/Tue almost identical) in past three days.
The gas trend is quite impressive - although its dojis after a run-up quite often signal a reversal.
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guspenskiy13
976 posts
msg #121927
- Ignore guspenskiy13 |
11/6/2014 9:58:10 AM
"...at most get island reversal tomorrow. "
Miners island reversal, in JNUG, testing weekly resistance line...might take a day or two, but still...
Gas might be topping out for some sort of correction
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guspenskiy13
976 posts
msg #121928
- Ignore guspenskiy13
modified |
11/6/2014 10:23:34 AM
GDX 17.41 resistance is broken oh yeaah baby
....17.53 squeezing those shorts oh wow
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shillllihs
6,095 posts
msg #121929
- Ignore shillllihs |
11/6/2014 12:51:58 PM
VelocityShares 3x Inv Natural Gas ETN (DGAZ)
3.28 Down 0.18(5.20%)
Bought to cover 60%
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guspenskiy13
976 posts
msg #121931
- Ignore guspenskiy13
modified |
11/6/2014 1:42:30 PM
Gas broke major resistance, one of the major outperformers with gold/silver rising on unusual volume. I was looking at UGAZ intra , it was amazing the way the dip from 10:30 to 11 was bought...
DIA pulls the whole market, as SPY sets new highs with no volume whatsoever... for some reason I tend to buy UVXY with the worst possible timing...should've learned by now that the odds are a lot greater for fading volatility, rather than expecting it... oh well
p.s.
given the gas volatility i can see DGAZ losing 10-15% in next month just from volatility drag lol...
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guspenskiy13
976 posts
msg #121932
- Ignore guspenskiy13
modified |
11/6/2014 1:47:12 PM
IBM looks interesting to hold for a bit. Just has hit 38.2% retracement...might be a good risk/reward opportunity.
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shillllihs
6,095 posts
msg #121933
- Ignore shillllihs |
11/6/2014 2:04:45 PM
Out of DGAZ 3.12
This still can run huge!
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