$BTU

Street by bloody street back up...

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.

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.

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.

Day Trading

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.

$SNTA

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

$BTU

Strong buzz and swing downwards on 4 hourly, daily, and 2 day charts.

Hard Hat Riot Anniversary May 8th!

Position Updates

Only 4 positions at this time. Continuing to watch for market correction. Have added to my $KO and $BTU positions in the past week. $FTR earnings are coming out this Tuesday. Stopped scaling $FTR to see effect of earnings on share price. $KO daily MACD swinging down. $SNTA has a descending triangle that is fairly plain. Earnings also out shortly.

* Corrected 5/06/14 Changed $BTU earnings to $FTR earnings. Mixed up.

$BTU

Scaling my short up. Cost average is fine and daily and hourly MACD is falling. Green volatility on all but the 15 minute.

$BTU

MACD swinging down. Missed on earnings. Shorted with scaling plan two times today. Energy sector was up today. Lots of negative reporting, including an article from the Street today. 

$BTU

Shorted for third time. Looking for a drop to the bottom of the BB. Coal company (forget name) down 8% on poor earnings today which only boosts confidence. This baby likes to go to the bottom and top of the BB.

$SNTA

The beat goes on. Upcoming earnings. I shorted twice more on today's rally. Although pharmaceutical companies are notoriously unpredictable I still see a downtrend. I decided not to fight the trend. I used to trade AMRN and that taught me to quit beating my head against the wall and trust the trend. I'm waiting for a n eventual swap to the long. Nice volume buzz in the AM of over a 100%.

$FTR

Closed my long position at 5.90 from 5.64. Hourly chart turned negative. Looking for correction back to 20 day. I have not shorted a third time and would prefer exiting my short at a break even since the money is small.

Ready to plant corn.

$FTR

Waiting for indication of any further correction. Awaiting further additional long shares. This is why I moved to stocks between 15 and 50 dollars.

$SNTA

Consolidation before further correction down. MACD failing. Daily volatility remain red.

$KO

Hard time holding to gains. Needs correction. Hourly turning negative.

$BTU

Maybe shorting it again today. Great movement. Red daily volatility. MACD will flip soon.

$BTU

Started initial short position. 

$KO

Opened initial short position at 40.24. 213 shares. Will swap. Will update today.