Wednesday, June 18, 2014

Tuesday, May 20, 2014

Very tired update

Not possible tonight for formal update. I extinguished the KO position at 40.60. I closed short SNTA at 4.14 and opened long at 4.17. There was some good day trading in between. FTR relatively unchanged. BTU is crashing and I have 6056 shares short at 18.26. I'm long BTU 3000 shares at 18.15 cb.

Saturday, May 17, 2014

Position Update

The day was full of day trades between $BTU, $KO, and $SNTA. Those day trades are recorded on Stocktwits and I won't further bore the reader with a repeat of details. Went temporarily long $BTU and $SNTA, but shorted $KO. Up about $800 for the day through the day trading. Booked $1813 profit from $SNTA short, but reopened the short as you'll see below. The scaling plans will show changes as a result from the day trading, except $BTU since the change was only 3 total cents in cost basis. Monitoring $BTU closely. My prediction is that $KO is collapsing based off weekly. *Update: The $BTU daily vortex shows a possible coming desire to shift trends to the negative.

Wednesday, May 14, 2014

Day of the Bear

$BTU and $KO showing overbought signals (Stochastic) and swing downs in multiple MACDs. $SNTA following same trend. $FTR is showing (surprising to me) more weakness then what I had been led to believe was going to occur. The market was down today so all things must be weighed. Accomplished a small swing trade of $FTR of 1500 shares from 6.04 and covered 5.98 over 24 hours. I've held off further scaling with $BTU until I can determine if it has topped now or if it goes to it's next leg of near $21 for resistance. I did add to my position on $KO (simply next move in scaling plan) for a 40.63 CB.

Monday, May 12, 2014

Full Position Update

$BTU is losing enthusiasm and volume for legs upward and the MACD shows it at least coming back to the 20 day moving average. $KO shows consolidation and a negative MACD.  $FTR has an hourly and 4 day chart that shows some tipping in upward motion, however it has been swimming the channel. $SNTA is following an obvious descending triangle and not much needs to be added. Waiting for true indicator of a reversal trend upwards before closing short position.

Thursday, May 8, 2014


And now we go to the tale of the tape with Harold Lederman...